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DAILY ENERGY NEWS | 03/07/2022
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** Rising to the moment, word salads, more pills than anybody in the world, and jam bands all on the latest episode of The Unregulated Podcast. Now streaming on our website ([link removed]) and wherever you listen to podcasts.
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** "We may be Inupiaq Eskimos 5,000 miles away from the Washington policy machine, but we know crazy when we see it. And this is crazy. As one nation invades another thousands of miles away from the North Slope of Alaska, as our country is hurting from high energy prices, as the world feels as if it is on the brink of chaos, we are here to help and we are here to serve. Will President Biden allow us to do so?"
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– Harry Brower Jr & Josiah Patkotak, Wall Street Journal ([link removed])
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Why does the Biden administration like Venezuelan dictators producing oil more than US citizens?
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Stop the blockade!
** Wall Street Journal ([link removed])
(3/4/22) editorial: "Asked Thursday how high gasoline prices would need to rise before she’d support opening federal lands to oil-and-gas production, House Speaker Nancy Pelosi coolly replied: 'I’m not for drilling on public lands.' That’s no doubt how Tesla -driving Democratic donors feel. But why is President Biden letting them steer his energy policy? Biden officials were furious at the judge’s decision because they planned to use this grossly inflated social cost estimate to support restrictions on fossil fuels—from stricter fuel-economy rules to methane emissions curbs for oil and gas production. Now they can’t, so dozens of rule-makings are stalled. But here’s the kicker: The White House budget office says the injunction has caused it to halt permitting work on at least 18 wells on federal oil and gas leases in New Mexico and new lease sales. The White House is blaming the judge for what it was already doing or, rather, not doing. Interior has been slow-rolling oil and gas permits
since Mr. Biden took office. A judge last June struck down the President’s leasing ban on federal land and ordered Interior to hold quarterly leases as required by law. Only in November did Interior finally hold an offshore sale. Then green groups sued, and a liberal judge blocked the sales. The Administration hasn’t appealed. Still, Mr. Biden hasn’t held an onshore lease sale and is the only President in at least two decades not to have done so in a given year."
It didn't have to get this bad.
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Energy Markets
WTI Crude Oil: ↑ $117.23
Natural Gas: ↓ $4.95
Gasoline: ↑ $4.06
Diesel: ↑ $4.61
Heating Oil: ↑ $384.76
Brent Crude Oil: ↑ $121.45
** US Rig Count ([link removed])
: ↑ 754
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