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DAILY ENERGY NEWS | 02/24/2022
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** It's time for this Administration to grow up and stop pandering to former bartenders. American energy producers can handle this if the regime in DC would get out of the way.
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Wall Street Journal ([link removed]) (2/23/22) op-ed: "On June 24, 1948, Soviet forces blockaded the Allied-controlled areas of Berlin. The U.S. and U.K. responded by airlifting food and fuel from Allied airbases in western Germany. At the height of Operation Plainfare, one plane landed every 45 seconds at Tempelhof Airport. It worked. On May 11, 1949, Moscow lifted the blockade of West Berlin. Stalin blinked. No such airlift can relieve the pressure being exerted on Ukraine by the huge military force Russia has assembled, with Russian troops entering Donetsk and Luhansk. But the principle can be applied to the broader problem raised by the Ukrainian crisis...Europe could also move itself toward energy independence by adopting a more realistic approach to climate change. Germany’s decision to phase out nuclear power looks increasingly like a historic error. The
European Commission’s soon-to-be-announced plan to reduce its reliance on Russian gas is past due, but 'doubling down on renewables' for short-term effect is delusional. The U.S. has a role to play, too. It needs to produce more gas, not less. Washington should recognize that the American gas industry produces a relatively clean-burning fuel that the world will need for decades. Bans on fracking are misguided and neutralize a critical economic and geopolitical advantage. The U.S. should frack more, so it has the gas needed to wean Europe off Russian pipelines.”


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Here is how the EU gets its natural gas. Putin takes north Ukraine and he doesn't even need Nord Stream 2...
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"Maybe Germany can stop letting its energy policy be dictated by a Swedish teenager now."
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– Luke Thompson, National Review ([link removed])

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Lawsuit in a box, with a side of ‘Science’ made to order?

** Legal Newsline ([link removed])
(2/22/22) reports: "An op-ed recently written by a Democratic lawmaker in Washington State is raising questions about the state's possible plans to file a major lawsuit targeting Big Oil. In the opinion piece, David Hackney (D-11th Legislative District), argues in favor of pursuing energy companies based on 'attribution science,' a theory within climatology that attempts to connect extreme weather events to human-caused impacts on climate...Publicly available information obtained by Legal Newsline shows that the recruitment efforts typically follow a clear pattern. The process starts with the Rockefeller Family Foundation (RFF), which has given funds to Columbia Journalism School and paid for stories alleging that Exxon Mobil is responsible for climate change, records show. Tort lawyers then connect with state attorneys general, citing those funded stories as evidence to convince the AGs into investigating and suing Exxon Mobil for climate harm. Local activist groups, which are often funded
by RFF, also try to recruit AG offices and municipalities into filing lawsuits against energy companies...RFF and CCI work on fundraising initiatives to support the effort, recruit additional members of the tort team and compose memoranda to initiate litigation that is filed against fossil fuel companies. The last piece of the puzzle involves the work of Bloomberg Philanthropies...SEEIC uses money from that contribution to place privately-funded 'Special Assistant Attorneys General' into state AG offices to advance climate change-related litigation. So far, records show that a total of 18 SAAGs have been placed in at least 10 state AG offices."

Communist Chinese domination of the rare-earth supply chain brought to you by the American taxpayer.

** Washington Free Beacon ([link removed])
(2/23/22) reports: "The White House on Tuesday featured a mining company partially owned by a Chinese mining conglomerate at an event dedicated to strengthening the domestic supply chain. President Joe Biden announced at the event that the Pentagon would award $35 million to the Las Vegas-based MP Materials in an effort to boost U.S. rare mineral production. But MP Materials has arguably allowed China to tighten its grip on the world’s rare earth minerals supply chain. Shenghe Resources Holding, which is partially owned by the Chinese government, owns 8 percent of the company. Shenge spearheaded the deal in 2017 to help MP Materials purchase a mine at Mountain Pass, Calif., out of bankruptcy. The Chinese company is also MP Materials’s largest customer, accounting for nearly all of its $100 million annual revenue...The Pentagon award will subsidize MP Materials's production of heavy rare earth minerals at its mine at Mountain Pass. The minerals are used to produce high-powered magnets used
in electric vehicle motors, wind turbines, and defense systems. James Kennedy, a consultant in the rare earth minerals industry, has raised concerns about other Pentagon grants to MP Materials. Kennedy called Shenghe’s investment in MP Materials a 'geopolitical ruse' that helps China maintain a monopoly on the rare earth minerals market."

The is no DeJoy in Greenville.

** Yahoo News ([link removed])
(2/23/22) reports: "The USPS is moving forward with plans to spend $11.3 billion on a fleet of next-generation mail trucks that mostly run on gas, despite requests from the EPA and Biden administration to electrify its new vehicles instead. The new trucks, which were revealed last year, feature modern amenities like air conditioning, 360-degree cameras, and collision detection. While they can be powered by either gas or electric engines, the initial order from the USPS only included 5,000 electric trucks, or around 10 percent of the entire order. 'Our commitment to an electric fleet remains ambitious given the pressing vehicle and safety needs of our aging fleet as well as our fragile financial condition,' Postmaster General Louis DeJoy said in a statement. He went on to say that the agency would try buy more EVs as additional funding became available, but added that 'the process needs to keep moving forward' to give postal workers more modern vehicles. Today's postal trucks, which include
the Grumman Long Life Vehicle (LLV), have been in service since the 1980s, have few safety features and abysmal single-digit fuel economy. Practically any modern truck would be an improvement, but the EPA argued earlier this month that investing in more gas vehicles would ultimately accelerate climate change and hurt American health. The USPS ultimately decided to ignore the EPA's request for supplemental environmental impact statements, and it refused to hold a public hearing about the next-gen vehicle plan."

Energy Markets


WTI Crude Oil: ↑ $99.66
Natural Gas: ↑↓ $2.76
Gasoline: ↑ $3.54

Diesel: ↑ $3.96
Heating Oil: ↑ $304.74
Brent Crude Oil: ↑ $105.01
** US Rig Count ([link removed])
: ↑ 737



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