Your Daily Energy News

View this email in your browser ([link removed])
DAILY ENERGY NEWS | 03/24/2022
Subscribe Now ([link removed])


** In the total state, companies won't have access to capital without pledging to the regime's climate dogma.
------------------------------------------------------------
Daily Caller ([link removed]) (3/23/22) reports: "Democrats, banks, regulators and activists have increasingly set their sights on the financial sector and legal system, not Congress, for pushing their aggressive climate agenda. Employing so-called environmental, social and governance (ESG) initiatives, financial institutions and government agencies have quietly implemented policies prioritizing a focus on factors unrelated to a company’s bottom line, experts said...In the latest example of the ESG and sustainable investing movement, the Democratic-majority U.S. Securities and Exchange Commission (SEC) proposed a sweeping set of rules Monday that would require publicly-traded companies to disclose their carbon emissions and how they were planning to transition away from fossil fuel reliance...'Congress is really unwilling to impose much in the way of costs and to address climate change,' David Kreutzer, the senior
economist at the Institute for Energy Research, told the Daily Caller News Foundation in an interview. 'Frustrated by that, people in Washington want to use non-legislative ways to impose these costs and raise the price of energy-intensive goods and energy in general.' 'One of the ways that they’re doing it — it’s like an all fronts attack — is under the guise of environmental, social and governance investments,' he added."
[link removed]


** "If the Biden administration announced a restart of the Keystone pipeline, oil producers would reverse their thinking, because anticipated future oil prices would fall with the greater future supply at lower cost, which can be expected when the Keystone becomes operational."
------------------------------------------------------------


– Richard McKenzie, University of California, Irvine ([link removed])

============================================================

More supply would make much more sense.

** Wall Street Journal ([link removed])
(3/23/22) editorial: "Once Congress adopts a bad idea even in an initially worthy cause, it invariably spreads to become a terrible idea. That’s the case with federal 'stimulus' checks, which began as Covid relief and now are being proposed to offset the rising price of gasoline. A trio of House Democrats—Mike Thompson (Calif.), John Larson (Conn.), and Lauren Underwood (Illinois)—have introduced the Gas Rebate Act of 2022 to send Americans a $100 check in any month this year when the national average gas price exceeds $4 a gallon. Dependents will get another $100, so the family of four can fill up that SUV on Uncle Sam’s dime. The national average price has exceeded $4 in recent weeks.The word 'rebate' is a misnomer because this isn’t rebated from any payment to the federal government. It’s a government check to pay for higher gas prices caused in large part by government. Voters are blaming Democratic policies for inflation and for making it harder to produce American oil and gas. With an
election coming, and their majority in peril, Democrats are resorting to what they do best: Spending more of your money. The non-rebate rebate is even worse policy than the gas tax holiday that some states are proposing. Neither addresses the real problem, but at least the tax holiday lets people keep their own money. The rebate idea deserves to die in the crib, but the spectacle of climate-change warriors suddenly trying to subsidize fossil-fuel consumption is almost worth it."

Isn't there a climate crisis going on?

** NASDAQ ([link removed])
(3/23/22) reports: "Germany is considering suspending its planned decommissioning of coal-fired power plants as part of a package of measures to reduce its reliance on Russian energy and ease the burden of high energy costs, draft plans seen by Reuters said. Although the government would ideally stick to the goal of phasing out coal by 2030, the draft said that the aim was to reduce gas consumption in power generation. 'Within this framework, the decommissioning of coal-fired power plants can be suspended until further notice after a review by the Federal Network Agency,' said the draft, seen on Wednesday. Measures in the draft also included offering low-interest credit to companies suffering from liquidity problems due to high energy prices."

Two birds, one stone type scenario for Biden.

** Blaze Media ([link removed])
(3/23/22) op-ed: "Oil is king when it comes to energy policy, but coal and natural gas are just as important. In the case of all three fossil fuels, Western governments have engaged in an all-out war on exploration, production, and generation, banned Russia’s exports of those products, and then gave a monopoly to China, inducing the worst possible outcome for the American consumer and our national security...America is the Saudi Arabia of coal. We should be able to flood the market with coal. Sadly, thanks to the war on coal production intensified through climate mysticism, we have no hand to play as our government shuts off exports from Russia. Given that coal accounts for 35% of global electricity use and Europe gets 70% of its coal from Russia, the coal crisis is now worse than the oil crisis. And guess who stands to benefit? China, of course...Is it any wonder why Americans and Europeans are feeling the pain of heating bills from this past winter? Cutting off Russian coal while
destroying our own will harm us more than it does Russia and will benefit China. According to the Institute for Energy Research, 'Over the past ten years, the U.K. decreased its coal generation by 95 percent and its natural gas generation by 35 percent, increasing wind generation by 635 percent and solar generation by 317 percent.' How is that solar and wind working for them now in their time of need?"

Energy Markets


WTI Crude Oil: ↓ $112.68
Natural Gas: ↓ $5.15
Gasoline: ~ $4.23

Diesel: ↑ $5.05
Heating Oil: ↑ $415.32
Brent Crude Oil: ↓ $119.28
** US Rig Count ([link removed])
: ↓ 754



** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 900 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])