Manchin, Midterms, and Mandy

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DAILY ENERGY NEWS | 09/16/2022

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What's in the Manchin "reform" bill and who will win Congress? Mandy Gunasekara weighs in on the latest episode of The Unregulated Podcast. Now streaming on our website, or wherever you listen.

"A beauty of America’s system of government is that it allows California to run its own experiment. But California’s ideas tend to move east, and Americans should work their hardest to keep President Joe Biden from forcing this gamble onto the rest of the country."

– Katie Tubb,
The Heritage Foundation

Says the guy with six homes, two yachts, 12 cars, and a private jet...

Reuters (9/16/22) reports: "U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy. 'We are not saying no gas,' Kerry told Reuters on the sidelines of an African environment ministers' conference in Dakar, Senegal, on Thursday. 'What we are saying is, over the next few years, gas replaces coal or replaces oil,' the former secretary of state and Democratic presidential candidate said, adding that gas can be used as a transition to cleaner energy sources. But after 2030, it will be important to capture the emissions from gas too, Kerry added. Continued financing of oil and gas projects in Africa has become a key issue for the countries, which they plan to push during a United Nations climate summit in Egypt in November. Senegal and other countries in the region aim to start producing oil and gas, which they hope will help boost their electricity production, power industries and curb energy poverty. Over 600 million people, or 43% of Africa's population, lack access to electricity, most of them in sub-Saharan Africa, according to the International Energy Agency.African countries argue that they need investments to develop their energy resources, including oil and gas, and a pledge by developed nations including the United States last year to curb investments in fossil fuels, was unjust."

When Democrats tell you who they are and what they want, believe them.

The illusion of free lunches is over.

The Guardian (9/16/22) reports: "Soaring energy costs are threatening the future of the electric car, industry bosses in Germany have warned. A rise in electricity prices as well as in raw material costs and availability, a chronic shortage of parts, and a widespread reduction in disposable income are having a considerable impact on the production and sales of cars. If the trend continues, there is also concern that there will be a knock-on effect on investors who will lack incentives to build charging facilities, making electric cars less attractive – because they would be more impractical – to run. Until recently ownership of electric cars had been gaining in attractiveness as the cost of petrol rose. But since recent rises in electricity prices – in Germany of around a third compared with a year ago – the price differential has shrunk. Electric car owners, whether charging their cars at home or through contracts with charging operators, have seen price rises of 10% or more. Further price rises are expected, owing to the fact that the price of electricity is linked to that of gas, which has become ever scarcer since Russia turned off its gas supplies to Germany almost two weeks ago. Allego, one of Germany’s largest charging station operators, raised its prices at the start of this month from 43 cents a kilowatt hour to 47 cents. Express charging, via a continuous current, has risen from 65 to 70 cents a kilowatt hour while the fastest, so-called ultra-fast charging, has gone up from 68 cents to 75 cents a kilowatt hour. Discount supermarkets, DIY chains and furniture stores which had until recently offered customers free charging while they shopped are now introducing charges."

If you oppose a carbon tax, take a stand and contact us.

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: ↑ $86.09
Natural Gas: ↓ $8.00
Gasoline: ↓ $3.69

Diesel: ↓ $4.97
Heating Oil: ↓ $320.30
Brent Crude Oil: ↑ $92.10
US Rig Count: ↓ 839

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