A historic moment for Biden

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DAILY ENERGY NEWS | 07/15/2022

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Biden makes history and we talk with Johnathan Brightbill fresh off his SCOTUS victory with West Virginia v EPA. The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"My advice: Buy the stocks of companies with great prospects over the next decade at reasonable prices. Or buy the S&P 500 index and ride the market. But please, stay away from “social” and 'sustainable' feel-good investing products and other fads. Skip ESG—it just gives someone else sustainable profits."

– Andy Kessler, Wall Street Journal

The European's energy hypocrisy knows no bounds.

Foreign Policy (7/14/22) column: "Few should be surprised that, facing energy shortages and rising costs for fuel and electricity, rich countries are turning back to more and dirtier fossil fuels. To compensate for the slowdown in Russian gas deliveries—and to replace clean energy lost due to its shutdown of nuclear power—Germany is firing up coal plants previously scheduled for closure. Countries such as Norway, Britain, and the United States are all ramping up oil and gas production. Some European countries are even burning fuel oil again to generate electricity. The resurgence of carbon-intensive energy after Russia’s invasion of Ukraine—and the resulting rise in emissions—shows that when economic growth and energy security are under threat, growth and security will beat out climate policies every time, what the political scientist Roger Pielke Jr. dubbed the iron law. So the current crisis means energy security is again taking precedence, and climate commitments will have to wait. While this change makes sense in Berlin or Oslo, it looks very different when viewed from Dakar or Abuja. That’s because one facet of Europe’s about-face on energy has been to diversify its gas supply with an aggressive push to secure long-term contracts in Africa. German officials have pressed Senegal for gas supplies, while Italy, France, Portugal, Spain, and others have reportedly been shopping for gas in Nigeria...Gas for me but not for thee, as rich countries would have it, is more than just bad optics. It’s bad policy: Putting the West’s energy security first while trying to force Africans to prioritize limiting emissions is counterproductive in reaching economic, geostrategic, and even climate goals."

Dear Senator Manchin, why do you caucus with people who hate you? You don't need to be an R, but the D's hate you with the heat of a 1000 suns.

Mediate (7/15/22) reports "Former Clinton and Obama senior adviser John Podesta declared that West Virginia Senator Joe Manchin has 'single-handedly doomed humanity” by blocking climate change legislation from being included in the Democrats’ reconciliation bill. Manchin has frequently bucked his party on major issues, so Friday figures to be another long day of the senator ignoring his critics after news broke that he won’t go along with climate and tax provisions that President Joe Biden and the Democrats have been pushing to include in a reconciliation package that can pass with a simple majority in the Senate. The Washington Post reported that Manchin told Democrats 'he would not support an economic package that contains new spending on climate change or includes new tax increases targeting wealthy Americans or corporations,' but that he would support prescription drug and health care subsidy provisions. The news sparked a flood of frustrated quotes from Democrats venting at Manchin, perhaps none more brutal than Podesta’s, to The New York Times: 'It seems odd that Manchin would chose as his legacy to be the one man who single-handedly doomed humanity,' said John Podesta, a former senior counselor to President Barack Obama and founder of the Center for American Progress, a left-leaning think tank."

It's kind of a hollow sound.

The answer to the energy crisis, as with most things, is a return to constitutional government.

Manhattan Contrarian (7/11/22) article: "Central planning always fails, but the utopian visionaries implementing the plans cannot admit that they are at fault...Our current-day analog is the centrally-planned replacement of our very large, inexpensive and highly functional energy system, mostly based on fossil fuels, with the alternatives of intermittent wind and sun-based generation, as favored by incompetent government regulators who don’t understand how these things work or how much they will cost...And thus the maintenance of federalism in energy policy is crucial to avoiding the disaster of green energy central planning. And it is why the recent Supreme Court decision of West Virginia v. EPA is so important in the ongoing energy battles. West Virginia v. EPA struck down a centralized federal effort to dictate the structure of the electricity generation system nationwide, on the ground that the Congress had not explicitly authorized such a sweeping exercise of authority by an executive agency. With federalism in energy policy, we can have New York forging ahead with its 'Climate Leadership and Community Protection Act,' and California doing the same with its SB 100 — both of them seeking to eliminate fossil fuels from the generation of electricity, and then to force all energy consumers to use only electricity for their supply. Will that work? If New York and California are successful, they will be a model for the rest of the country to follow. Congratulations will be in order. If they fail relative to other states — that is, if they see energy prices soar, or frequent blackouts or shortages of needed energy — then it will be obvious to all that it was the green energy that failed, and not that there were 'saboteurs' or 'wreckers' or 'price gougers,' who after all could have attacked the other states as well."

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: ↑ $97.87
Natural Gas: ↑ $7.06
Gasoline: ↓ $4.57

Diesel: ↓ $5.57
Heating Oil: ↑ $369.86
Brent Crude Oil: ↑ $101.32
US Rig Count: ↑ 822

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