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DAILY ENERGY NEWS | 10/28/2022
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** The people of Pennsylvania could do much, much worse than the good doctor. The latest episode of The Unregulated Podcast is now streaming on our website, ([link removed]) or wherever you listen to podcasts.
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** "American energy independence is the best way to alleviate the pressure Americans are feeling at the gas pump and beyond."
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– Rep. John Rutherford, (FL-R) ([link removed])
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No, John, you are our only hope. And I can’t believe you don’t care about the climate enough to stay for the oversight hearings? Why don’t you care?
** Axios ([link removed])
(10/27/22) reports: "Special climate envoy John Kerry is actively considering leaving the Biden administration after next month's COP27 summit, soliciting advice from friends and colleagues on how to stay involved in climate efforts from the private sector, according to people familiar with the matter. Why it matters: President Biden has relied on Kerry, a former secretary of state, long-time senator and the Democratic presidential nominee in 2004, to corral more multilateral buy-in for emissions cuts and keep climate on the radar despite economic headwinds and the Russia crisis...Kerry is motivated to leave for several reasons. He doesn’t relish being hauled before his former colleagues in a potentially Republican-controlled Senate or House to defend his approach to lowering carbon emissions — including his family's private jet. For government trips, Kerry flies commercial. While Kerry enjoys a wealthy lifestyle from his wife's fortune, he is interested in returning to the private sector
to increase his own personal net worth. (Before entering the administration, Kerry drew a $5 million salary from Bank of America.) And he's hinted to colleagues that he has achieved all that can be reasonably accomplished in the current political environment — both domestically and internationally."
Biden's departure from reality is spreading to his speech writers...
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After a brief flirt with sanity, the UK is going backward in energy policy.
** Yahoo News ([link removed])
(10/26/22) reports: "The ban on shale gas fracking will be reinstated, the prime minister told MPs on Wednesday, in a U-turn on a policy launched by Liz Truss’s short-lived government. Rishi Sunak said during Prime Minister’s Questions that he stands by the 2019 Conservative Party manifesto, which banned fracking unless the science shows 'categorically' that it can be done safely. Green groups, conservationists and climate activists described the return of the ban as an 'incredibly positive' result on the prime minister’s first full day in office. 'It’s setting a good tone,' said Helena Bennett, head of climate policy at the environmental think tank Green Alliance. 'We’re really hoping that he will accelerate the transition, restore the natural environment, and make sure we’re doing things like insulating homes properly.' Ms Truss lifted the ban on fracking, despite a report warning that forecasting drilling-induced earthquakes remained 'a scientific challenge.' A vote on the issue earlier
this month contributed to her downfall as prime minister. The show of cautious optimism from environmentalists comes as a parliamentary inquiry warns that Britain’s national security is being jeopardised by the failure to prepare for extreme weather events caused by the climate crisis."
Energy Markets
WTI Crude Oil: ↓ $88.14
Natural Gas: ↓ $5.67
Gasoline: ↑ $3.76
Diesel: ↓ $5.30
Heating Oil: ↑ $446.27
Brent Crude Oil: ↓ $96.00
** US Rig Count ([link removed])
: ↑ 870
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