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DAILY ENERGY NEWS | 03/11/2022
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** Who will Biden blame for his own policies next? New episode of The Unregulated Podcast. Now streaming on our website ([link removed]) , or wherever you listen to podcasts.
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** "When we have electric cars powered by clean energy, we will never have to worry about gas prices again. And autocrats like Putin won’t be able to use fossil fuels as weapons against other nations."
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– Joe Biden's White House ([link removed])

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The guy who likes to brag about receiving the most votes in history might want to consider what the overwhelming majority of voters want.

** The Epoch Times ([link removed])
(3/11/22) reports: "A vast majority of Americans want the country to be energy independent, according to a recent poll by Rasmussen Reports, indicating increasing frustration with rising fuel costs and the impact it has on everyday expenses. Poll results show 70 percent of likely U.S. voters support a policy of boosting domestic oil and gas production to reduce the country’s dependence on foreign energy supplies. Only 18 percent opposed such a policy, while 12 percent said they were not sure...The national average price for regular unleaded gas was $4.31 per gallon Thursday, according to AAA, an increase of more than 15 percent in one week. The average cost on March 3 was $3.72 per gallon...Some oil industry leaders blame the Biden administration’s energy policies for the crisis the country is now facing. In his March 8 testimony (** pdf ([link removed])
) before the House Energy and Commerce Committee’s subcommittee on energy, Tom Pyle, Chairman of the Institute for Energy Research, criticized Biden and National Security Advisor Jake Sullivan for asking the Organization of Petroleum Exporting Countries (OPEC) to pump out more oil.'This is despite the administration’s numerous actions designed to reduce the enthusiasm of energy companies to find, produce, and transport domestic oil and natural gas,' Pyle said. Pyle cited the cancellation of the Keystone XL pipeline, the 'de facto suspension' of domestic oil and gas leases, and the administration’s failure to contest court rulings related to offshore oil and gas operations."

This didn't end well last time...

** ([link removed])

Is anyone else struggling to understand Larry Fink’s commitment to ESG, other than to punish US oil and gas companies? Blackrock is running a mutual fund in China and a hedge fund in Russia.

** MSN ([link removed])
(3/9/22) reports: "One hedge fund team at BlackRock Inc. saw Vladimir Putin’s invasion of Ukraine as a chance to buy more of the country’s stocks. That decision has backfired. BlackRock’s Emerging Frontiers Fund plunged over 10% in February, suffering the worst trading loss since it started more than a decade ago, according to people with knowledge of the matter and an investor document seen by Bloomberg. The fund, which was managing $960 million at the end of January, is now down about 7% this year, said the people, who asked not to be identified because the details are private. Russia was one of the biggest long bets for the hedge fund at the start of February, with 9% of its gross assets invested in the country’s shares, after a research trip to the country in January, the document shows. Sam Vecht, head of the team that manages the fund, told investors he raised the bet further when the invasion began, one of the people said. The fund currently has zero exposure to Russia, after writing
down all its positions, two people said. A spokesman for the world’s largest asset manager declined to comment."

Mr. President, without streamlining regulations to allow American mining, your plan makes us much more dependent on China. Why is that your goal?

** ([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: ↑ $106.31
Natural Gas: ↑ $4.74
Gasoline: ↑ $4.33

Diesel: ↑ $5.13
Heating Oil: ↑ $336.81
Brent Crude Oil: ↑ $109.85
** US Rig Count ([link removed])
: ↓ 743



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