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DAILY ENERGY NEWS | 07/29/2022
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** Joe Biden works on changing the meaning of a word and Joe Manchin breaks his. The latest episode of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "After months of demanding the Biden admin and Senate Democrats stop the reckless spending and unleash American energy – they haven’t. And now America has entered a recession."
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– Senator Joni Ernst (R-Iowa) ([link removed])

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Putin's war on Ukraine isn't doing as much damage to American families as Biden's war on American energy.

** Shale Magazine ([link removed])
(7/27/22) reports: "On Thursday, Feb. 10, President Joe Biden promised to “work like the devil” to lower gas prices. However, from day one this administration has ignored the root causes of high oil prices. Instead, they have done everything in their power to limit supply by erecting barriers to new production of oil and natural gas in the United States. At the American Energy Alliance, we have documented 100 actions the Biden Administration and Congressional Democrats have taken since the inauguration that make it more difficult to produce oil and natural gas in the United States. Some of those actions, like the cancellation of the Keystone pipeline and the temporary ban on all new oil and gas leases on federal lands, have dominated energy headlines over the past year. However, not enough attention has been paid to the “whole of government approach” this administration has taken to limit new production of oil and natural gas. A subtle example of this approach can be found in the
candidates that the Biden Administration has chosen to nominate to key positions within the federal bureaucracy. Positions that most people typically don’t associate with energy and environmental policy."

He's not even pretending to advance the interests of his constituents anymore.

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Lockdown second effects will be felt for decades to come.

** Oil Price ([link removed])
(7/28/22) reports: "Materials price inflation and a labor shortage have been hampering growth in the U.S. shale oil industry, and now it has also slipped into a fracking equipment shortage. Reuters reported this week that demand for fracking equipment currently exceeds supply, which means one more obstacle to boosting production in line with demand projections. The report cited the chief executive of NexTier Oilfield Solutions, a fracking company, as saying, 'Availability of frac fleets is one of main bottlenecks impeding oil and natural as production growth for the next 18 months.' This adds to previously identified shortages of things like frac sand and steel piping used for oil wells, and it could last for several years, according to NexTier Oilfield Solutions' Robert Drummond. Supply chains are still damaged from the pandemic disruptions, and companies are still being cautious with their capital allocations, he noted as reasons for the outlook. Indeed, Halliburton warned earlier this
month that 'supply chain bottlenecks, even for diesel fleets, make it almost impossible to add incremental capacity this year.' What all this means is the growth in U.S. crude oil production would be constrained despite calls from the federal government for a fast ramp-up in output."

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: ↑ $99.04
Natural Gas: ↑ $8.20
Gasoline: ↓ $4.25

Diesel: ↓ $5.31
Heating Oil: ↓ $366.00
Brent Crude Oil: ↑ $110.02
** US Rig Count ([link removed])
: ↓ 817



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