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DAILY ENERGY NEWS | 03/25/2022
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** "Farm Bureau supports removing barriers to domestic energy production, including more drilling and extraction of our energy resources.”
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– Zippy Duvall, American Farm Bureau Federation ([link removed])

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Californians discover the government can raise gas prices in more ways than one.

** FEE ([link removed])
(3/25/22) article: "California Governor Gavin Newsom wants to subsidize the gasoline industry. Newsom announced a proposal on Wednesday to pay Californians with registered vehicles $400 to help with the cost of rising fuel. The proposal also includes several other channels to either subsidize or lower taxes on transportation for residents. This policy is explicitly an attempt to curb the increasing cost of gasoline caused by inflation and exacerbated by Russia’s war on Ukraine. While the tax 'rebates,' the subsidies, or both may be supported by many, one can’t help but notice some tension with California’s general policy goal of phasing out all gasoline use by 2035. But what will the impact of these handouts be? Simple supply and demand analysis can give us some clues...The stated purpose of the $400 handout is to offset the increase in fuel prices. We can think of it as a one-time increase in income. However, as income increases, people are willing to buy more goods and services at any
given price. Economists call this an increase in demand. But when demand increases, all else equal, buyers are competing more for the same supply of gas. This competition drives prices up. How much? Simple supply and demand analysis can’t answer this, but we can be sure about a few things."

Ice-T puts a new spin on "squeeze the trigger."

** ([link removed])

The administration halts multiple mines to produce these minerals and then considers using the DPA to get the minerals and materials? Sounds...senile...

** The Intercept ([link removed])
(3/24/22) reports: "THE BIDEN ADMINISTRATION is drafting an executive order invoking the Defense Production Act to alleviate shortages of key minerals needed for the technology to store clean energy. The act, which would bolster the manufacturing capacity of electric vehicle producers in particular, indicates that the administration is open to using executive power to achieve progressive policy goals as Congress remains reluctant to pass key parts of his green energy agenda. The order would declare that 'ensuring robust, resilient, and sustainable domestic industrial base to meet the requirements of the clean energy economy is essential to our national security,' according to a draft of the document that remains in the 'pre-decisional' phase. That reasoning follows a renewed push from the administration on its climate change priorities in light of shocks in the oil and gas market following Russia’s invasion of Ukraine. The order would specifically says 'domestic mining, beneficiation, and
value-added processing of strategic and critical materials from sustainable sources for the production of large capacity batteries for the automotive, e-mobility, and stationary storage sectors is essential to national defense.' The Intercept has reached out to the White House for comment."

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: ↓ $110.27
Natural Gas: ↑ $5.53
Gasoline: ↑ $4.24

Diesel: ↑ $5.07
Heating Oil: ↓ $398.61
Brent Crude Oil: ↓ $116.84
** US Rig Count ([link removed])
: ↓ 758



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