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DAILY ENERGY NEWS | 03/04/2022
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** Dear Ford, GM, and other car companies who otherwise make great cars but want to emulate Tesla’s stock price success:

Elon Musk has the largest reality distortion field in modern history. You cannot replicate it.

Sincerely,
Consumers
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Daily Mail ([link removed]) (3/2/22) reports: "Teslas are the least reliable electric cars because they develop more faults than any other brand, research reveals. Four in ten Tesla owners said they suffered at least one fault within 12 months and one in 20 said their car broke down or failed to start - the worst score for a fully electric brand. By comparison, just 6 percent of Kia e-Niro owners reported faults and only 1 percent reported a breakdown or failure to start. It was the best-scoring pure electric car and, starting at £32,895, costs around two times less than Tesla’s most expensive model...The findings were a blow for electric car makers, particularly for Tesla and its boss Elon Musk. Ginny Buckley, of advice website Electrifying.com, said: ‘There are some big-name car brands which have failed to overcome the challenges of developing software for
electric cars.’"


** Like we said...
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Wall Street Journal ([link removed]) (3/3/22) reports: "Tesla Inc. TSLA -1.31% Chief Executive Elon Musk said he was open to the United Auto Workers union holding a vote about organizing labor at the company after long resisting such a move. 'Our real challenge is Bay Area has negative unemployment, so if we don’t treat and compensate our (awesome) people well, they have many other offers and will just leave!' Mr. Musk said via Twitter late Wednesday. 'I’d like hereby to invite UAW to hold a union vote at their convenience. Tesla will do nothing to stop them,' he said. The UAW had no immediate comment...Tesla’s lack of worker labor unionization has left the electric-vehicle maker as somewhat of an outcast as the Biden administration pushes to get Americans to embrace such vehicles. President Biden snubbed Tesla in an August White House meeting on electric vehicles with UAW officials and
executives from Ford, GM and Stellantis, which count EVs as a fraction of their overall sales. In this week’s State of the Union address, Mr. Biden mentioned Ford Motor Co. and General Motors Co. for their investments in electric vehicles. Tesla, which produces more of those vehicles, wasn’t mentioned. Mr. Musk at times has taken aim at the president. 'Biden is a UAW sock puppet,' the Tesla boss tweeted in October, using an emoji to indicate socks. The billionaire in December also came out against a signature Biden administration legislative proposal, criticizing federal efforts meant to spur electric-vehicle adoption, including a bill that would boost incentives for buying battery-powered cars."
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**

"I could drive my current car to the moon for $29,936 (238,855 miles, 30mpg average, $3.76/gal national average) for less than it costs to buy a new EV"
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– Patrick De Haan, GasBuddy ([link removed])

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Biden can help Ukraine, and American families, by unleashing Alaska's potential.

** The Federalist ([link removed])
(3/4/22) reports: "While Americans brace for an even tighter gas crunch, four decades of recoverable reserves remain locked under environmental regulation Democrats have sought to make permanent. According to the U.S. Geological Survey, between 4 to 12 billion barrels of oil are buried under the northern tundra of the Arctic National Wildlife Refuge (ANWR) waiting to be tapped 60 miles from critical infrastructure already in place for mass production at Prudhoe Bay...'We don’t have a strategic interest in reducing the global supply of energy,' said Biden’s Principal Deputy Press Secretary Karine Jean-Pierre on Air Force One Wednesday. Sanctioning Russian oil she said, 'would raise prices at the gas pump for Americans.' Such increased price spikes as Americans cope with seven-year highs wouldn’t be a concern had the administration not hindered U.S. capacity to make up the difference. Despite the absence of American sanctions, private entities have already self-restricted with refusal to
purchase Russian crude, roping off the world’s third-largest oil producer which provides more than 10 percent of global supply. 'We’re going to pay for closing down Russian imports, but we don’t have to,' Tom Pyle, president of the American Energy Alliance, told The Federalist. 'When there’s plenty of oil flowing, in other words when the United States was in the ball game, spare capacity was high.'When global turmoil rocked the Middle East, Pyle added, 'they didn’t result in a blip in oil prices because we knew that we could make it up elsewhere, that’s the difference.'"

It doesn't matter how many times you are proven wrong. As long as your predictions fit The Narrative™ you'll always find a spot on the evening news.

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The transition we are going through is more of your money leaving your wallet.

** ([link removed])

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Thompson Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets


WTI Crude Oil: ↑ $111.86
Natural Gas: ↑ $4.86
Gasoline: ↑ $3.83

Diesel: ↑ $4.25
Heating Oil: ↑ $362.46
Brent Crude Oil: ↑ $114.04
** US Rig Count ([link removed])
: ↑ 747



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