Sayonara Circle Back

View this email in your browser

DAILY ENERGY NEWS | 05/13/2022

Subscribe Now

We can't say we're gonna miss Circle Back Psaki, but one thing is for certain, she has provided The Unregulated Podcast with loads of material. We can say we find it odd that Republicans are pursuing a carbon tax, though. Get the latest episode now streaming on our website, or where ever you listen to podcasts.

"Though the U.S. is the world’s most prosperous and technologically advanced country—it sits on nearly 275 billion barrels of untapped oil alone—millions of Americans may endure a summer of blackouts because of avoidable policy failures."

– Steven Malanga,
The Manhattan Institute.

Sanctimony and kumbaya are fun until reality hits.

Wall Street Journal (5/12/22) reports: "Big investors are starting to warm to energy. For more than five years, endowments, pension funds and other so-called institutional investors shunned the oil-and-gas industry because of big losses and concerns about climate change. Now some investors are coming back as energy emerges as the stock market’s best performer—the S&P 500 Energy Sector Index is up 40% so far in 2022—and projections that the world might face shortages in the years ahead suggest continued near-term upside for those willing to bet on fossil-fuel producers. The lack of new investment is one reason oil and gas supplies haven’t kept up with surging demand and the loss of output caused by the Russian invasion of Ukraine. The short-term factors and a growing realization that new supplies will be crucial, even as the world transitions to cleaner energy sources, have some investors reconsidering their aversion to energy. New money could boost production, though there are other factors limiting supply. And any increase in investments will likely be modest, as some groups such as college endowments or public pension funds continue to stay away. "

Why is Manchin still a Democrat? I'm sure McConnell would let him retain the gavel, and a whole lot more. Plus the Senate wouldn't be green lighting all those lefty judges.

Is anyone surprised that Obama's EPA administrator is calling the shots on Biden's no OIL OR GAS POLICY?

Daily Caller (5/12/22) reports: "Top White House climate adviser Gina McCarthy copied a CBS News reporter on an email chain Wednesday announcing the administration would cancel a series of oil and gas lease sales. 'The Cook inlet sale was canceled. It is not proceeding,' McCarthy wrote to other White House officials in an email, CBS reported. Another official reportedly responded immediately saying that a decision hadn’t been made yet. Interior Department (DOI) officials then reiterated that sentiment to CBS, also saying the agency hadn’t decided if it would move forward on the lease sales Wednesday evening. It is unclear why the CBS News reporter was copied on the email, but the ensuing thread appeared to show disagreement and miscommunication over the administration’s energy policies as gasoline prices continue to hit all-time highs. The administration eventually confirmed that it would cancel offshore oil and gas lease sales set for Alaska and the Gulf of Mexico. The DOI said the decision was made due to lack of industry interest in Alaska and legal issues in the Gulf of Mexico."

If you oppose a carbon tax, take a stand and contact us.

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: ↑↓ $109.89
Natural Gas: ↓ $7.65
Gasoline: ↑ $4.43

Diesel: ↑ $5.56
Heating Oil: ↑ $398.59
Brent Crude Oil: ↑ $110.91
US Rig Count: ↑ 787

Donate

Subscribe to The Unregulated Podcast

Subscribe to The Plugged In Podcast

Connect with us on Facebook

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 900
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list