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DAILY ENERGY NEWS | 11/04/2022
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** "You might say that just like Communism, banning fracking has failed everywhere it has been tried. Vote accordingly."
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– Larry Behrens, Power The Future ([link removed])

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Last year world leader at COP26 said they would phase down coal, so in the year since then coal use has been on the rise

** Bloomberg ([link removed])
(11/3/22) reports: "Last November in Glasgow, the world’s climate leaders were locked in a fierce debate over whether the final draft of the summit’s agreement should include a pledge to 'phase-out' or 'phase-down' coal. Since then, the more appropriate term would probably be 'phase-up.' Even as the globe is increasingly battered by floods, droughts and storms caused by climate change, the fuel that contributes most to planet-warming emissions is undergoing a renaissance. Global coal power generation could set a record for a second-straight year and remains the world’s biggest source of electricity. Consumption has surged in Europe to replace shortfalls in hydro, nuclear and Russian gas, while top producer China is extracting record volumes from mines to insulate itself from volatile global energy markets. Prices of exported coal have skyrocketed to records and futures contracts suggest they’ll remain at historic highs for years to come. And while plans for spending on new mines and power
plants are a fraction of what they were a few years ago, that companies are still investing in new projects at all is alarming to climate scientists who say the fuel needs to be phased out by 2040 to avoid the worst effects of climate change. As politicians and activists gather in the Egyptian resort of Sharm El-Sheikh this weekend to consolidate the work of Glasgow, Paris and other past COP summits, coal’s resilience demonstrates the mountain the world still need to climb."

Leader of the free world!

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And this is who is directing his energy policy!

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Of course, quotes like these make our jobs easy!

** Cowboy State Daily ([link removed])
(11/2/22) reports: "In the face of unpopular high prices at the gas pump, President Joe Biden has blamed the war in Ukraine and the greed of oil companies for rising energy costs. Critics in the Cowboy State, including U.S. Sen. John Barrasso, R-Wyoming, and the Petroleum Association of Wyoming, have long contended that the primary driver of the high cost of gasoline and diesel is the administration’s policies restricting domestic oil and gas development. The American Energy Alliance (AEA), a nonprofit group that advocates for free market energy policies, released a list today of 125 actions, including links to sources, that the administration and Congress has taken since Biden took office that have made it more difficult for the industry to produce oil and gas...AEA President Thomas Pyle told Cowboy State Daily that the administration isn’t uniquely hostile to oil and gas development. The Obama administration was just as oppositional, if not more, than the current one. The difference now
is activist movements, namely the ESG movement, have pressured investors to steer clear of investments in fossil fuel development, which has led to underinvestment in infrastructure, he said. That, combined with inflation, has made the impacts of the Biden administration’s policies noticeable to the average consumer. With voters growing discontent with energy costs, the administration has contradictory policies in which oil companies are pressured to increase production or punished for failing to do so — such as proposed legislation to enact fines on unused wells — while maintaining policies that impede oil and gas development."

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
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: ↑ $92.52
Natural Gas: ↓ $5.97
Gasoline: ↑ $3.79

Diesel: ↑ $5.31
Heating Oil: ↑ $388.88
Brent Crude Oil: ↑ $98.58
** US Rig Count ([link removed])
: ↓ 861



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