Your Daily Energy News

View this email in your browser ([link removed])
DAILY ENERGY NEWS | 07/27/2022
Subscribe Now ([link removed])


** Once all the smoke and mirrors fade consumers will be the ones left holding the bag. Only the truth about America's energy will get us out of this.
------------------------------------------------------------
Mackinac Center ([link removed]) (7/22/22) reports: "'Well that was depressing!' So said the first commenter after I spoke to a lunchtime gathering of Rotary Club members last week in Grand Ledge, MI. That response wasn’t totally unexpected: my presentation on the Seven Principles of Sound Energy Policy walked club members through the challenges we face as our utilities continue to design an increasingly fragile electric grid...As my presentation continued, I showed listeners that, without a lot of work on their part, they will not get the information they need to make informed energy decisions. I highlighted how environmental groups, elected officials, the media, educators, and renewable energy developers routinely tell citizens that wind and solar benefit the environment while providing reliable and cheap electricity. But it is rare for people to hear anything about the rapidly growing list of negative environmental, social, and
economic impacts caused by renewable energy...Straightforward, comprehensible, and accurate information about alternative energy has become essential, as people have begun to realize they have been misled on issues of energy and the environment for decades. While this revelation can initially be shocking, an accurate evaluation of energy policy provides people with the foundation they need to push back and demand their elected officials and utilities move away from dangerous, short-sighted green mandates."
[link removed]


** "Chasing after sensational headlines predicting doom and gloom do us a disservice. It hides the progress we have made historically and prevents us from using this history to guide public discussions"
------------------------------------------------------------


– Vincent Geloso, American Institute for Economic Research ([link removed])

============================================================

Wait a second, isn't keeping the lights on at an affordable cost something that is good as a basis on social and governance?

** Reuters ([link removed])
(7/26/22) reports: "European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major European investors say they will not relax their investment principles of reaching net zero targets on greenhouse gas emissions by 2050 or earlier. Investors increasingly use ESG ratings, developed by companies such as MSCI or Sustainalytics, to judge firms' merits. Burning coal, which puts out more carbon dioxide than alternatives like oil and gas, gives companies a black mark. European countries including Germany and Italy are nonetheless considering bringing back coal due to the Ukraine crisis, which has cut Russian gas flows. Some companies, such as German speciality chemicals maker Lanxess, have also said they may consume more coal."

Yeah, there are a few "unique" aspects of the Biden administration...

** ([link removed])

Someday the IMF will renounce the energy policies that have led to poor economic growth, but today is not that day.

** IMF ([link removed])
(7/26/22) blog: "A tentative recovery in 2021 has been followed by increasingly gloomy developments in 2022 as risks began to materialize. Global output contracted in the second quarter of this year, owing to downturns in China and Russia, while US consumer spending undershot expectations. Several shocks have hit a world economy already weakened by the pandemic: higher-than-expected inflation worldwide––especially in the United States and major European economies––triggering tighter financial conditions; a worse-than-anticipated slowdown in China, reflecting COVID- 19 outbreaks and lockdowns; and further negative spillovers from the war in Ukraine...Policies to address specific impacts on energy and food prices should focus on those most affected without distorting prices. And as the pandemic continues, vaccination rates must rise to guard against future variants. Finally, mitigating climate change continues to require urgent multilateral action to limit emissions and raise investments to
hasten the green transition."

Energy Markets


WTI Crude Oil: ↑ $95.83
Natural Gas: ↑↓ $2.76
Gasoline: ↓ $4.30

Diesel: ↓ $5.36
Heating Oil: ↑ $365.11
Brent Crude Oil: ↑ $105.45
** US Rig Count ([link removed])
: ↑ 825



** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect with us on Facebook ([link removed])
** Connect with us on Facebook ([link removed])
** Follow us on Twitter ([link removed])
** Follow us on Twitter ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 900 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])