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DAILY ENERGY NEWS | 06/23/2022
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** What was that line from the Bezos Post? Something about Democracy dying in darkness?
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The New American ([link removed]) (6/21/22) reports: "Interior Secretary Deb Haaland on Friday revoked a 2018 order requiring her department to post details of its legal settlements online so the public can see if officials are colluding with special-interest groups to advance the latter’s agenda via the courts. In her order, Haaland claimed the Trump-era policy mandated 'unnecessary and inefficient practices' that 'fail[ed] to enhance transparency and impose[d] burdensome requirements that are inconsistent with the department’s legal obligations.' According to the 2018 order, those practices included 'establish[ing] a publicly accessible ‘'Litigation’' webpage that is prominently linked to the Office of the Solicitor’s homepage' and includes 'a searchable list of final judicial and administrative consent decrees and settlement agreements … that continue to govern departmental actions.' The list was also to show
'any attorney fees or costs paid' in settling each case. The Litigation page was further required to display proposed consent decrees and settlements 'with certain long-term policy implications or large budgetary commitments' and give the public an opportunity to comment before such agreements were approved...The Trump-administration order claimed that over a five-year period in the Obama administration, the Interior Department entered into 'over 460 settlement agreements and consent decrees' and disbursed 'more than $4.4 billion in monetary awards.' Interior wasn’t alone in engaging in such shenanigans. Then-Environmental Protection Agency (EPA) administrator Scott Pruitt issued a memo in 2017 saying the sue-and-settle tactic 'undermines the fundamental principles of government.'"
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** "No thanks, Mr. President. We don’t want a government-forced transition. We want the federal government to stop talking down investment and increasing regulations in our energy sector. We want to go back to the future of American energy dominance that saw surging American supply—so much so that America was the world’s biggest producer of oil and number-one fuel exporter in the world."
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– Derrick Morgan, The Heritage Foundation ([link removed])
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The Biden Energy Program™
** ([link removed])
Energy is the lifeblood of society. When you start to take it away society starts to wither pretty fast.
** Daily Caller ([link removed])
(6/21/22) reports: "Skyrocketing energy costs have hit vulnerable communities the hardest as energy insecurity reduces access to quality education, food, medicine and other necessities, according to energy experts. Fuel prices have dramatically increased since President Joe Biden took office, with the Biden administration canceling off-shore oil and gas leases and pushing to transition to green energy. As energy costs increase, low-income and minority communities with higher rates of unemployment are disproportionately impacted by lack of access to affordable transportation, food, medicine and quality education, experts told The Daily Caller News Foundation. Gwinnett County School District (GCSD) is one of the largest districts in the state of Georgia, where minorities make up roughly 80% of the student body and nearly 35% of students are on free or reduced lunch, according to US News. However, as energy prices have soared, nearly 77% of the school’s budget is forced to go to transportation
and other overhead costs...However, the impact of the energy crisis on vulnerable communities extends to areas beyond education, according to Derrick Hollie, the founder of the Energy Poverty Prevention Project. One in three Americans was projected to live with some energy insecurity by 2020, according to the Energy Information Administration (EIA). Minority groups consisting of African Americans, Latinos, Asians and American Indians accounted for nearly 47% of households living with energy insecurity, according to the EIA."
It's the perfect scapegoat, as long as your constituents are as detached from reality as you are.
** Washington Times ([link removed])
(6/21/22) op-ed: "Though not very good at a variety of things, Team Biden is single-minded and persistent when it comes to using federal financial regulators to do their bidding with respect to climate change. For instance, the Federal Deposit Insurance Corporation — which is supposed to make sure banks remain solvent — is currently working on a 'Statement of Principles for Climate-Related Financial Risk Management for Large Financial Institutions.' This statement and the proposed SEC rule on climate risk disclosure are just parts of the Biden administration’s all-of-government assault on the financing of industries that Team Biden considers undesirable...Over the past half-century or so, the world has warmed about one-hundredth of a degree centigrade per year. This warming is not constant. There are periods when it warms more quickly, others when the warming is slower and others where the world cools. The sea level is rising by about 3 millimeters per year. None of these pose a direct
threat relevant to financial decisions.Are these slow changes increasing the frequency of costly extreme weather events? So far, the answer is no. Trends in extreme weather events show little that would affect asset values...Though recent U.S. wildfires were devastating, linking them to climate change doesn’t fit long-term data. Other factors, such as forest management, play a bigger role."
Energy Markets
WTI Crude Oil: ↓ $105.54
Natural Gas: ↓ $6.64
Gasoline: ↓ $4.94
Diesel: ↓ $5.80
Heating Oil: ↓ $437.61
Brent Crude Oil: ↓ $111.37
** US Rig Count ([link removed])
: ↓ 821
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