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DAILY ENERGY NEWS | 08/29/2022
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** Green New Deal doesn't work.
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Le Monde ([link removed]) (8/28/22) reports: "Anne Vivian-Smith spends her time checking her electricity meter, 'obsessively.' She has always been careful with her consumption, but for the past few months, she has been measuring the slightest of her activities: she makes herself fewer hot drinks, avoids turning on the television, and turns off the lights as much as possible. This former magistrate who's living in Nottingham, in the north of England, and is severely handicapped by a degenerative disease, cannot work and depends on social benefits which have not increased for three years in her case. Her husband, who is employed at a university, earns about £1,000 (1,200 euros) a month and has only received a 1.5% increase this year, well below inflation. Their gas and electricity bill, on the other hand, jumped in April from £82 to
£145 a month. 'At the beginning of the year, we weren't rich, but we were okay. Now our lives have shrunk.' That extra £63 a month makes a huge difference in their daily lives. Just before the summer, Ms. Vivian-Smith's brother-in-law, who lived in Cornwall, died. She couldn't afford the train fare to the funeral. 'It cost £128, exactly the extra money we had paid in energy over two months.' The tightening of living conditions is just the beginning. On Friday, August 26, the Office of Gas and Electricity Markets (Ofgem), the British energy regulator, announced that bills would jump by 80 % in October. Several times a year, it determines the maximum ceiling for an average household: in October 2021, this was £1,277 per year; in April, it rose to £1,971; in October, it will be... £3,549. That's a near tripling in one year."
** And it doesn't matter which country you try it in.
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** "To adapt Hemingway, net zero drives you bankrupt gradually, then suddenly. Britain’s sudden energy agony is a five-alarm warning if the climate progressives continue to have their way."
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– Wall Street Journal Editorial Board ([link removed])
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Good Youngkin.
** AP ([link removed])
(8/26/22) reports: "Republican leaders in Virginia said Friday they want to change the law so the state no longer follows California’s stringent rules for vehicle emissions. Virginia is currently on a path toward adopting California’s new rules for transitioning to zero-emission vehicles because of 2021 legislation that involved adopting the West Coast state’s emissions standards, attorneys and state officials said this week. The legislation, intended to help address climate change, was a top priority of environmental advocates and passed at a time when Democrats were in full control of Virginia’s government. But Republicans in the House of Delegates, who opposed the legislation and now control that chamber, and GOP Gov. Glenn Youngkin said Friday they would push to unlink Virginia’s standards. 'House Republicans will advance legislation in 2023 to put Virginians back in charge of Virginia’s auto emission standards and its vehicle marketplace. Virginia is not, and should not be,
California,' House Speaker Todd Gilbert said in a statement. Youngkin said he was 'already at work to prevent this ridiculous edict from being forced on Virginians.' California regulators on Thursday approved a plan requiring all new cars, trucks and SUVs sold in the state to run on electricity or hydrogen by 2035, with one-fifth allowed to be plug-in hybrids. The policy doesn’t ban cars that run on gas, allowing drivers to keep their existing cars or buy used ones."
State-sanctioned terrorism coming to a gas station near you.
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You can tow with your new electric F-150, but don't plan on going more than 100 miles.
** Motortrend ([link removed])
(7/31/22) reports: "Before you hitch an Airstream to your electric truck and set out to circumnavigate the country, you need to understand this: With the largest available battery pack, a fully charged 2022 Ford F-150 Lightning electric truck has less energy onboard than a regular F-150 with four gallons of gas in its tank. Consider how far a combustion-powered F-150 would tow at max capacity on four gallons of regular unleaded. Thirty five miles? Maybe 40 if you drive slowly? Now that you understand where we're starting from, you won't be as surprised to learn that the towing range of the electric F-150 is dismal. In MotorTrend testing, an F-150 Lightning Platinum saddled with a camper that nearly maxed out its 8,500-pound towing capacity couldn't even cover 100 miles. Range improved when we hooked up a significantly lighter trailer, but not by as much as you might expect. The Lightning's towing capacity ranges from 5,000 pounds up to 10,000 pounds. To hit the big number, you'll need an
XLT or Lariat trim with the optional extended-range battery, and the Max Trailer Tow package that adds more battery- and motor-cooling capacity. To get there, you'll spend at least $75,094."
Energy Markets
WTI Crude Oil: ↑ $96.25
Natural Gas: ↑ $9.51
Gasoline: ↓ $3.85
Diesel: ↑ $5.05
Heating Oil: ↑ $396.34
Brent Crude Oil: ↑ $103.93
** US Rig Count ([link removed])
: ↑ 864
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