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DAILY ENERGY NEWS | 05/05/2022
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** Thinking about swapping your truck for an EV to avoid high fuel prices? Think twice.
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CNET ([link removed]) (4/29/22) reports: "But despite their considerable advantages, EVs still aren't for everyone, and they don't always make the most economic sense. If you tow earth-moving equipment or haul gravel for a living, you're probably going to want a heavy duty diesel-powered pickup, because today's EVs aren't going to cut it. Likewise, if you reside in an apartment and don't have a parking space, much less a garage with a Level 2 charger, an electric vehicle may be a hard sell. But what if you're looking for relief from high fuel prices? EVs cost way less to 'refuel,' though they are often quite expensive upfront... At the end of the day, there are plenty of great reasons to get an electric vehicle, but if you're thinking about swapping your internal combustion-powered car or truck for a new EV just to save money at the pump, make sure to do the math first -- especially if your current ride is paid for --
because plugging in and making a change may not make economic sense for you, even with fuel prices in the stratosphere."
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** "There’s been a recent, misguided push to expand the Fed’s mandate to include broader social issues, such as racial justice and climate change. This is a terrible idea. After more than 100 years of trial and error—with a lot of error—the Fed still can’t handle basic monetary policy! Yet asking the Fed to take on additional roles is increasingly popular among a subset of bureaucrats and academics who want to do an end run around the Fed’s Congressionally-directed objectives."
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– A ([link removed]) lexander William Salter, AIER ([link removed])
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Does Mary Barra have a plan to use ethically-sourced materials in her batteries and not ones from China?
** Yahoo Finance ([link removed])
(5/4/22) reports: "In the years ahead, GM says, it's aiming to be a leading manufacturer of batteries as well as cars. 'For electric vehicles, it's all about the battery,' CEO Mary Barra told Yahoo Finance in a wide-ranging interview this week. The CEO outlined plans to open at least four new plants just to manufacture batteries that power the company's electric vehicles. 'We decided that we wanted to have control over battery cell manufacture so we formed a joint venture with LG, one of our partners, and we now have a plant coming online this year in Ohio, another one coming online next year, the following year, and one after that,' she says."
That's a lot of climate change...
** Axios ([link removed])
(5/4/22) reports: "Venture capitalist John Doerr and his wife, Ann, have donated $1.1 billion to Stanford University for the establishment of a new school focused on climate change and sustainability, the university announced Wednesday...The Doerrs' gift is the largest ever given to a university for the establishment of a new school, according to the Chronicle for Higher Education, and is also the largest gift in Stanford's history, per the press release."
How is she going to fly home each weekend if the airlines are outta here?
** RNC Research ([link removed])
(5/4/22) tweets:
** ([link removed])
Energy Markets
WTI Crude Oil: ↑ $109.13
Natural Gas: ↑ $8.45
Gasoline: ↑ $4.25
Diesel: ↑ $5.47
Heating Oil: ↓ $414.03
Brent Crude Oil: ↑ $111.70
** US Rig Count ([link removed])
: ↑ 774
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