California schemin'

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DAILY ENERGY NEWS | 11/21/2022

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California ramps up their war on small businesses, working families, those on fixed incomes, and modern civilization.

Wall Street Journal (11/20/22) reports: "An ambitious California plan to require trucking fleets in the state to switch from diesel to electric power faces a potential backup at charging stations. The California Air Resources Board is proposing phasing out older big rigs operating in the busy corridors shuttling shipping containers between ports, rail yards and warehouses and require that all new vehicles be powered by clean fuels starting in 2024. From 2025, the state would bar trucks powered by internal combustion engines that have more than 800,000 miles on them from operating at ports and rail yards. The goal is to push more than 30,000 heavily-polluting trucks to clean energy by 2035. Trucking industry officials say there is a big gap between the target and the charging infrastructure that barely exists today and would take years to build. 'Nobody is saying we don’t want to move to advanced technology,' said Matt Schrap, chief executive of the Harbor Trucking Association, an advocacy group that represents thousands of the state’s port truckers. Truckers can’t meet the deadline, he said, 'because there’s no charging.' The conflict between infrastructure and ambitions in California highlights the challenges that states face as they try to push some of the most heavily-polluting sectors of the logistics industry toward clean fuels. "

"Can you imagine a quicker death than having the US government running the oil business?"

–Allen Gilmer, Enverus

Instead of drilling for their own gas, European leaders have chosen a bold new strategy: whining.

Modern Diplomacy (11/19/22) reports: "European leaders are unhappy with natural gas prices. Some leaders are insisting that the EU impose a price cap on all natural gas imports, regardless of origin, – notes Oilprice.com. France’s president Emmanuel Macron accused the United States of a “double standard” because of the difference between the price at which liquefied natural gas produced in the U.S. sells in Europe and the price at which natural gas sells within the U.S. 'The North American economy is making choices for the sake of attractiveness, which I respect, but they create a double standard,' Macron said, also adding that 'they allow state aid going to up to 80% on some sectors while it’s banned here – you get a double standard.' He wasn’t alone among European national leaders in being unhappy about gas prices. In fact, as many as 15 leaders were unhappy, and they insisted that the EU imposes a price cap on all natural gas imports, regardless of origin. Now, the U.S. is striking back at the accusations. 'What’s happening is the companies that hold those long-term contracts with US LNG producers, they’re marking that up and earning that margin in the European market,' Brian Crabtree, an assistant secretary at the Department of Energy, – told the Financial Times. 'It’s not the US LNG company, it’s basically European-headquartered international oil companies and traders.'"

Life imitates art, even in trying times...

Just another reminder that climate activists absolutely hate you and everything good about life.

Washington Post (11/17/22) column: "I know, I know, nobody wants to put 'climate' and 'Thanksgiving' in the same sentence. Tallying the environmental impact of a holiday feast doesn’t seem like it’s in the spirit of the thing. It’s a holiday! It’s a day when we suspend our ordinary habits and set aside our prudence to spend an entire day eating, drinking and making merry — or at least watching football. And, oh yeah, giving thanks. But I’m here to tell you that the news is good. The mainstays of the meal are poultry and plants, which make Thanksgiving a much more climate-friendly holiday than, say, the burgerfest that is the Fourth of July. In fact, the only holiday I can think of with a more pro-environment menu is Yom Kippur. Let’s take a look at some of the dishes in the typical Thanksgiving meal and how they stack up, climate-wise. On the beef-pork-poultry axis of meat, poultry has the lowest greenhouse gas emission levels. (This is according to Our World in Data, the source I turn to for answers to climate questions. The site uses the data from a 2018 paper that compiled one of the most comprehensive analyses of food I’ve seen, and presents it in an approachable, customizable way.)"

Energy Markets

WTI Crude Oil: ↓ $75.90
Natural Gas: ↑ $6.65
Gasoline: ↓ $3.66

Diesel: ↓ $5.29
Heating Oil: ↓ $341.50
Brent Crude Oil: ↓ $83.80
US Rig Count: ↑ 886

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