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DAILY ENERGY NEWS | 09/19/2022
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** It’s important to say that energy security matters more than getting to check the "green" box, otherwise you fall into the trap the EU is in.
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Bloomberg ([link removed]) (9/19/22) reports: "Greenpeace and a raft of other environment groups issued the European Union with an ultimatum over its decision to grant some gas and nuclear power stations a “fake” green label under the bloc’s sustainable finance rules. Eight Greenpeace organizations across Europe, as well as non-profits ClientEarth, WWF, Transport & Environment and BUND have demanded a review of the decision to include gas and nuclear power in the EU’s green rulebook, known as the taxonomy. The European Commission has until February to reply, or the groups said Monday they will take the case to the European Court of Justice. 'Gas is a leading cause of climate and economic chaos, while there is still no solution to the problem of nuclear radioactive waste and the risk of nuclear accidents is far too significant to ignore,' said Ariadna Rodrigo, EU sustainable finance campaigner at
Greenpeace. 'This fake green label is incompatible with EU environment and climate laws.' The complaint is that channeling money to gas projects -- albeit with strict conditions attached -- is not compatible with the EU’s climate neutrality goal, which is enshrined into law, and the Paris Agreement. The NGOs argue that it will take money away from renewable sources of electricity like wind and solar."
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** "While the United States was very recently a net exporter of petroleum and has the largest oil refining industry in the world, nearly everything we need for EVs goes through China. Do we really want to put all our transportation eggs in a basket made in China?"
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–Derrick Morgan, The Heritage Foundation. ([link removed])

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More solar panels ought to help with this, especially during America's sunny, warm winters!

** Wall Street Journal ([link removed])
(9/18/22) reports: "U.S. utility customers, faced with some of their largest bills in years, are set to pay even more this winter as natural-gas prices continue to climb. Natural-gas prices have more than doubled this year because of a global supply shortage made worse by the war in Ukraine, and they are expected to remain elevated for months as fuel is needed to light and heat homes during the winter. The supply crunch has made it substantially more expensive for utilities to purchase or produce power, and those costs are being passed on to customers. From New Hampshire to Louisiana, customers’ electricity rates are increasing. The Energy Information Administration anticipates the residential price of electricity will average 14.8 cents per kilowatt-hour in 2022, up 7.5% from 2021. The agency forecasts record gas consumption this year amid surging prices, in part because power producers are limited in their ability to burn coal instead due to supply constraints and plant retirements.
Electricity prices have surged in many parts of the country alongside natural-gas prices as exporters ship record amounts of the fuel abroad because of supply shortages in Europe, which is working to slash its reliance on Russian supplies. Natural-gas producers, hamstrung by pipeline constraints and investors pushing for austerity, haven’t increased production enough to alleviate the pressure."

Gina says it's time to get "smartah" than the First Amendment. Make sure you're ** subscribed to The Unregulated Podcast updates ([link removed])
in case we get kicked off Twitter for wrong-think!

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Absolutely no one could have predicted this. 🙄

** Bloomberg ([link removed])
(9/14/22) reports: "China’s ambassador to the US warned against the potential risks of trying to cut the country off, using a visit to the Detroit auto show to highlight the 'intertwined' interests of the world’s two biggest economies. 'To decouple with China means to disconnect from the world’s largest market as well as the biggest opportunity,' Qin Gang said in an interview at the auto show Wednesday. The interests of both nations are 'intertwined,' he said, pointing out that General Motors Co.’s latest models are 'designed, developed, produced and to be sold' in China, while more China-built cars are being exported to the rest of the world. Trade and political tensions between China and the US will 'for sure' impact industry collaboration in the short term, Qin said. 'But the industry chain has been relatively well established over past years, and there would be no winner if anybody wanted to intervene or even destroy' that, he added. President Joe Biden, who attended the show earlier in
the day, attributed the electric transformation sweeping the US auto market to American innovation. 'It used to be to buy an electric car, you had to make all sorts of compromises,' Biden said after touring the show. 'Thanks to American ingenuity, American engineers, American autoworkers, it’s all changing.'"

Energy Markets


WTI Crude Oil: ↓ $83.32
Natural Gas: ↓ $7.66
Gasoline: ↓ $3.67

Diesel: ↓ $4.95
Heating Oil: ↑ $321.43
Brent Crude Oil: ↓ $89.73
** US Rig Count ([link removed])
: ↑ 863



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