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DAILY ENERGY NEWS | 07/20/2022
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** What is FERC hiding?
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Fox Business ([link removed]) (7/19/22) reports: "A Washington D.C.-based energy research group filed a federal lawsuit Tuesday, alleging that the Biden administration has improperly blocked information requests. The Institute for Energy Research (IER) accused the Federal Energy Regulatory Commission (FERC) of redacting factual, non-exempt information from record requests to protect its chairman Rich Glick, who President Biden has re-nominated for a second term, according to the lawsuit filed in the U.S. District Court for the District of Columbia. The group suggested the information may reveal Glick lied under oath during a Senate hearing when asked if he consulted the White House about a high-profile natural gas policy change earlier this year. In response to record requests following Glick's testimony on March 3 that he didn't consult the White House, the IER received a FERC meetings
calendar and emails between FERC and White House officials, both of which were heavily redacted. However, the group was able to ascertain that some redacted information was 'purely factual information,' not privileged as FERC said, after examining both the calendar and email exchanges. For example, the emails showed FERC Commissioner Allison Clements requested an email with White House climate czar Gina McCarthy to 'check in on some FERC items,' but that this meeting was obscured on the calendars."
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** "If every hurricane, heat wave, or flood is a justification for unilateral federal executive governance, we will be in a perpetual emergency. Regulating carbon emissions is an open-ended invitation to regulate the entire economy. Which is the point."
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– David Harsanyi, The Federalist ([link removed])
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Mark Levin is spot on. We know because he does his (Institute for Energy) research...
** Western Journal ([link removed])
(7/18/22) reports: "Conservative commentator Mark Levin accused President Joe Biden of sabotaging the economy in the name of addressing climate change. Levin further asserted that the agenda aligns perfectly with the Marxist worldview. 'Joe Biden and the Democrat Party are in fact responsible for sabotaging our economy and sabotaging our energy industry,' the Fox News host said on the Sunday episode of his program 'Life, Liberty & Levin.'...Professors, activists, Marxists and left-wing politicians have promoted these 'green' initiatives under the broad umbrella of climate control, Levin said. But it is really a means to promote their economic agenda, which is 'de-growth,' he argued...Levin pointed to the actions Biden and his team have taken targeting the energy sector starting on his first day in office...The U.S. is producing about 1.3 million barrels less per day than at its 2019 pre-pandemic peak under Trump, according to the most recent figures from the Energy Information
Administration...Levin quoted from a May ** article ([link removed])
by the Institute for Energy Research warning of electricity shortages as Democrats push to shut down traditional power plants — coal, natural gas and nuclear — in order to transition to wind and solar. However, 'after decades of subsidies and mandates, wind and solar units currently generate only 12 percent of the electricity in the United States, and a much smaller portion of overall energy consumption,' the IER reported."
Maybe If Biden declares a "Climate Emergency" we can be more like Europe!
** Wall Street Journal ([link removed])
(7/19/22) editorial: "Europe may have dodged a natural-gas bullet this week, and what an instructive experience it was. The lesson came via the Nord Stream 1 pipeline, one of the principal conduits for Russian gas into Germany and the rest of central Europe. Gazprom, the Russian state-owned majority holder of the pipeline, took it offline for 'maintenance,' and doubts grew about whether it would come back online. 'We’re working on the assumption that it doesn’t return to operation,' European Commissioner for Budget and Administration Johannes Hahn said Tuesday. As of late Tuesday it appeared Gazprom will reopen the pipeline. But the nerve-fraying wait has delivered a sobering warning on energy security: Vladimir Putin remains in the catbird seat when it comes to gas supplies to Europe...Yet since the Ukraine war began in February, Europeans have pretended that if they had to live without Russian gas, they could at least impose the shutoff at a time and manner of their choosing. Politicians
spent five months wrangling over energy sanctions and calls for a gas embargo on the assumption the gas would be there for as long as Europe wanted it...Europe is receiving a crash course in Russian energy blackmail. The one thing never to do is to give in to the blackmailer—or Europe’s energy insecurity will grow worse."
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Did the White House not read the West Virginia v. EPA decision? Or do they just plan to ignore it?
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Maybe Mayor Pete wasn't cut out for prime time. Classic example of yelling the quiet part out loud.
** New York Post ([link removed])
(7/19/22) reports: "Transportation Secretary Pete Buttigieg stunned a Republican member of Congress Tuesday by asking him to help subsidize electric vehicle purchases while millions of Americans struggle to fill up their gas-powered cars. 'The more pain we are all experiencing from the high price of gas, the more benefit there is for those who can access electric vehicles,' Buttigieg told the House Transportation and Infrastructure Committee — just before asking Rep. Carlos Gimenez (R-Fla.) to 'reconsider opposing the reduction of EV upfront prices with tax credits.' 'So you’re saying the more pain we have, the more benefit we’re going to get?' a flabbergasted Gimenez asked Buttigieg. 'Of course — no,' Buttigieg chuckled as Gimenez said: 'I think that’s what I heard you say.' 'No, no,' the laughing transportation secretary insisted. 'That’s what you heard me say?'...Buttigieg has frequently encouraged Americans frustrated by high gas prices to consider going electric, telling MSNBC in
November that families who make the switch would see a '$12,500 discount' in transportation costs...According to Kelly Blue Book, the average price of a new electric vehicle as of June was $66,997 — 13.7% more than last year — compared to $26,211 for a new compact car. The average price of a new compact SUV was $35,021, while the average new sports car cost $39,880."
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Energy Markets
WTI Crude Oil: ↓ $102.65
Natural Gas: ↑ $7.74
Gasoline: ↓ $4.46
Diesel: ↓ $5.49
Heating Oil: ↓ $358.58
Brent Crude Oil: ↓ $105.92
** US Rig Count ([link removed])
: ↓ 818
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