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DAILY ENERGY NEWS | 09/02/2022
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** Decision were made...by someone. Episode #99 of The Unregulated Podcast is now streaming on our website ([link removed]) , or wherever you listen.
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** "President Biden, he killed our job on the Keystone. I'd love to blame everything on him but, I've got to be fair, it's been going on for about a decade with environmentalists."
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– Neal Crabtree, Pipeline Construction Specialists ([link removed])

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Geniuses intervene in energy markets. Geniuses create energy crisis. Geniuses solve energy crisis by intervening even further in energy markets. What could possibly go wrong?

** Wall Street Journal ([link removed])
(9/1/22) reports: "The European Commission is preparing a proposal to deal with skyrocketing electricity prices by curbing consumer demand and capping prices paid for non-gas sources of power generation. The recommendations were prepared ahead of an emergency meeting of energy ministers on Sept. 9. They are part of an effort to exert more control over the electricity market after the war in Ukraine, outages at French nuclear reactors and an exceptionally hot and dry summer have sent power prices to record highs. A document outlining the proposals, which was produced by the EU’s executive arm, was reviewed by The Wall Street Journal. The document is preliminary and hasn’t been approved by top commission officials, signaling it could change. European Commission President Ursula von der Leyen said earlier this week that the commission expected to present a plan for an emergency intervention in the electricity market in the coming weeks. She said a broader overhaul of how electricity is priced
could come early next year. The proposals outlined in the document amount to a major intervention in Europe’s electricity market."

Oregon looks at what’s going on in Europe and says give us some of that self-inflicted economic pain.

** Idaho Capital Sun ([link removed])
(8/31/22) reports: "Oregon has joined California and Washington in opposing a project that would increase the amount of natural gas flowing from Canada to the West Coast. A 1,400-mile pipeline owned by Calgary-based TC Energy sends billions of cubic feet of natural gas to utilities supplying consumers in the Northwest and California each day. The pipeline runs from the Canada-Idaho border to Malin, a town in southern Oregon’s Klamath County. Natural gas is primarily used to heat and power homes and businesses, including at least a quarter of all homes in Oregon, according to the state’s Department of Energy. In October 2021, TC Energy asked the Federal Energy Regulatory Commission to allow it to increase its capacity, adding millions of cubic feet of natural gas to the pipeline each day. On Aug. 22, Oregon Attorney General Ellen Rosenblum joined California Attorney General Rob Bonta and Washington Attorney General Bob Ferguson in asking the commission to deny the request. In their petition,
the attorneys general argued that allowing more natural gas to flow from Canada to the U.S. would harm the states’ efforts to combat climate change as the region shifts to renewable energy sources. Natural gas, primarily made of the greenhouse gas methane, is a main contributor to global warming."

Wannabe tin-pot dictators are not known for their positive vision of the future.

** The American Conservative ([link removed])
(8/26/22) reports: "In what stage of dystopian postmodernity would a country, in which millions of working-class families struggle to afford soaring costs for groceries and rent, devise a bill to pour billions of dollars into Sisyphean pursuits of climate-change reduction and have the nerve to sell it as the 'Inflation Reduction Act'? This is where America has landed. Words no longer map onto meanings; the names given to multi-billion-dollar federal spending orgies have become bait-and-switch advertisements. The Inflation Reduction Act is just the latest example in a long line of emperor-has-no-clothes misnomers shrouding the self-flagellating impulse among American political elites for supposed climate wrongdoing. Meanwhile, emissions in China, India, and other countries in the developing world persist unabated, counteracting any reductions the U.S. could measurably achieve. This latest bill is a green-energy-subsidy lover’s dream, poised to shower wind and solar developers—and indirectly
China—with billions of dollars...This raises the most heretical question of all: Why pursue costly green-energy policies here when those policies will have no measurable impact on world climate and thus no benefits? The answer is simple: the 'green' in green-energy policies stands for money. The green-energy subsidies in the Senate’s 'Inflation Reduction Act' are merely the latest exercise in political green trough-feeding, which will enrich the well-connected few at the expense of everyone else. And as our politicians enjoy the spoils of their green-energy schemes, the rest of us will be forced to call what is black, white, and what is up, down. That which exacerbates our current inflation crisis is named an act of reduction. That which tells truths or even raises questions is dubbed 'misinformation.'"

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: ↑ $88.74
Natural Gas: ↓ $8.88
Gasoline: ↓ $3.80

Diesel: ↓ $5.07
Heating Oil: ↓ $354.91
Brent Crude Oil: ↑ $94.67
** US Rig Count ([link removed])
: ↓ 843



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