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DAILY ENERGY NEWS | 05/20/2022
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** "The wind industry doesn’t need more of our federal tax dollars. Instead, it should be forced to stand on its own."
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– Robert Bryce, The Power Hungry Podcast ([link removed])

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Senator, you have the ability to fix these problems. What are you going to do?

** The Hill ([link removed])
(5/19/22) reports: "Senate Energy and Natural Resources Committee Chairman Joe Manchin (D-W.Va.) claimed the Biden administration’s oil and gas leasing policies have “put America’s energy security at risk” during testimony by Interior Secretary Deb Haaland on Thursday. In a hearing on the Interior Department’s fiscal 2023 budget request, Manchin pushed back on the administration’s repeated references to the industry’s 9,000 unused leases to explain the energy crisis, arguing the administration has the power to pressure industry to use them. 'If the administration’s argument is that industry is sitting on these leases … why don’t they do something about it?' Manchin said. 'For example, if the concern is that too many leases are not being developed in a timely manner, the department could increase the rental rates over time to provide a financial disincentive against holding leases for speculation alone.' Manchin conceded that 'new lease sales would not immediately increase production,' bu
t claimed the administration’s focus on current production 'puts America’s energy security at risk.' The White House said in a March fact sheet that President Biden 'is calling on Congress to make companies pay fees on wells from their leases that they haven’t used in years and on acres of public lands that they are hoarding without producing.' Although Manchin at the time expressed openness to raising leasing fees, he said at the Thursday hearing that he believed the Interior Department could do so without legislation. "

A while ago we asked, “Where’s Deb Haaland?” With exchanges like this, I think we know the answer.

** ([link removed])

Fill up your glass with fairy gas and watch the unicorn crash!

** Wall Street Journal ([link removed])
(5/20/22) reports: "Russian state oil giant Rosneft Oil Co. is losing several senior executives and board members, a brain drain that stands to weaken a prime driver of the country’s economy while Moscow wages war on Ukraine. Former German chancellor Gerhard Schröder and Matthias Warnig, a longtime friend of President Vladimir Putin, are leaving the board of directors, the company said Friday. Chief Executive Igor Sechin’s two top lieutenants, first vice presidents Didier Casimiro and Zeljko Runje, are leaving the company, people familiar with the departures said. Their exit means Mr. Sechin, a close associate of Mr. Putin, will have to navigate a crisis in Russian oil markets without his most experienced deputies. Also exiting are Otabek Karimov, vice president for commerce and logistics, and Eric Liron, vice president for oil-and-gas services, some of the people said. Avril Conroy, who was head of retail operations, has already left the company.All hail from outside Russia, underscoring
how Rosneft relied on overseas expertise to grow into one of the world’s biggest oil producers—and how the war threatens to reverse that expansion. Foreign executives brought know-how about Western production techniques and business practices. They helped to endear Rosneft to overseas investors, who owned its shares and lent it money. And they strengthened links with big U.S. and European energy companies that partnered with Rosneft on projects in Russia and overseas."

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: ↑ $112.72
Natural Gas: ↓ $8.06
Gasoline: ↑ $5.57

Diesel: ↑ $4.59
Heating Oil: ↓ $378.09
Brent Crude Oil: ↑ $112.67
** US Rig Count ([link removed])
: ↓ 778



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