October Surprise

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DAILY ENERGY NEWS | 10/07/2022

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Sabotage on the high seas, October surprises, a run on the Mall, and venn diagrams all on the latest episode of The Unregulated Podcast. Now streaming on our website, or wherever you listen.

"Plenty of naysayers will shout about how dirty traditional energy sources are, but they are more than willing to have us import higher-cost, higher-emitting oil and gas from overseas adversaries. They are happy to ignore a 2016 finding by the Obama Administration that said cutting leasing in the Gulf of Mexico would actually increase emissions."

– David Holt,
Consumer Energy Alliance

Very "strategic" of Biden to empty the SPR and restrict new domestic production.

New Hampshire Journal (10/6/22) reports: "President Joe Biden went to Saudi Arabia earlier this year to bump fists and ask the oil-rich nation to increase oil output, essentially outsourcing oil production from U.S. oilfields to the Middle East in an effort to bring gas prices down. On Wednesday, Biden got his answer. The OPEC+ nations led by the Saudis announced a production cut of 2 million barrels per day, about two percent of the world’s oil supply. It was the biggest rollback of oil output since the COVID-19 pandemic. OPEC+, which is the 13 members of the Organization of Petroleum Exporting Countries (OPEC) and 11 other non-OPEC members, made the decision reportedly based on the 'uncertainly that surrounds the global economic and oil market outlooks.' The Biden administration released a statement saying the president was 'disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is dealing with the continued negative impact of Putin’s invasion of Ukraine.' It was at least the second time in recent days the White House blamed Putin for gas prices rising...Dan Kish of the Institute for Energy Research was asked if the Biden administration has been at war with fossil fuels, a conflict that pre-dates Putin’s invasion of Ukraine. 'They have been at war with oil and gas businesses in the United States since the day they walked in,' Kish said."

Dictators abroad cashing in on their Biden-bucks.

Voters in PA need to send a clear message to the climate communists this November.

Daily Caller (10/6/22) reports: "Pennsylvania voters who played an instrumental role in bringing an overreaching executive to heel during the COVID-19 pandemic will have the opportunity to perform a similar service in the November elections...Since taking executive action to 'combat climate change' in October 2019, Gov. Tom Wolf, a Democrat set to leave office in January, has sought to bypass the legislature while coercing Pennsylvania into joining the Regional Greenhouse Gas Initiative, a multistate climate change compact widely known as RGGI, which has significant tax and regulatory implications. But because state lawmakers, in combination with industry and labor plaintiffs, made a persuasive case in court that Wolf’s regulatory proposals would result in new carbon taxes that should fall within the purview of the legislature, the clock is running out for the incumbent governor. In July, Pennsylvania’s Commonwealth Court issued preliminary injunctions in two related cases that temporarily puts Wolf’s climate change regulations on ice until the matter can be further adjudicated...But in each case, it is the concept of 'No Taxation without Representation' that is finding renewed expression. So where does Josh Shapiro, the Democratic attorney general running for governor, stand on the use of unilateral, executive authority as it relates to climate change?...What happens in Pennsylvania, may not stay in Pennsylvania. Shapiro could run for president in 2024 if he becomes governor, but only if he follows the directives of climate change activists who hold sway over his party. Dan Kish, a senior fellow with the Institute for Energy Research, a nonprofit devoted to free market policies in the energy sector, sees ample opportunities for mischief with carbon tax plans at the federal level mixed in with President Joe Biden’s call for 87,000 new IRS agents. 'Carbon taxes could be an endless source of revenue for government officials to tax the people for everything they want to do,' he warns."

Reason #38,573 electric vehicles aren't a one size fits all "solution" that can be mandated to every family across the country.

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

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: ↑ $89.93
Natural Gas: ↓ $6.89
Gasoline: ↑ $3.89

Diesel: ↑ $4.91
Heating Oil: ↑ $398.90
Brent Crude Oil: ↑ $95.92
US Rig Count: ↑ 880

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