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DAILY ENERGY NEWS | 12/05/2022
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** There is nothing conservative about policies that empower the government to decide the types of energy we use or the cars we drive. Everyone knows that. It's about time someone put it in black and white.
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Daily Caller ([link removed]) (12/2/22) op-ed: "You know things are grim among the Republicans when a former Federal Energy Regulatory Commission (FERC) chairman, Neil Chatterjee, and former Congressman Carlos Curbelo team up to advocate for more expensive energy. Yet both of them did just that in a recent article where they tried to convince donors on the left to give to front groups — nominally Republican — working diligently destroy affordable and reliable American energy. Writing in the Chronicle of Philanthropy, both applauded passage of the Inflation Reduction Act, which takes $400 billion from taxpayers and gives it to wealthy investors in alternative energy. As a reminder, not a single Republican member of Congress voted for that legislation. Of course, what the authors probably want is cash for their own organizations. 'Groups … where Neil is a senior
policy adviser, and … where Carlos serves on the board of advisers, also work regularly to inform members of Congress and mobilize, respectively, business leaders and Gen Z conservatives in decarbonization efforts,' they write. Good for them; everyone should try to make some cash. However, the notion that elected Republicans would favor making energy more expensive and less reliable if there were just a few more bucks floating around on the right is nonsense, and Mr. Chatterjee and Mr. Curbelo both know that...The very last thing the Republicans should do is accept their adversaries’ framing of the issues. The new majority is there to do something about inflation, lawlessness, border security and to generally check the errant and erratic Biden administration. They are also there to do something about energy prices. No one gave the Republicans the majority in the House so they could waste more taxpayer cash on the left’s daydreams or, worse, so they could become stewards of the left’s donor
class."
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** "Africans need electricity now. Not someday in the future, after their chance to survive a hospital surgery is denied by a policy maker enamored with fanciful visions of a carbon-free world."
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– Vijay Jayaraj, CO2 Coalition, ([link removed])

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One state dinner with Jean Girard and Joe is more than happy to throw the Made in America provisions under the bus...

** E&E News ([link removed])
(12/1/22) reports: "President Joe Biden suggested there will be changes to how a massive new climate and clean energy law is implemented following criticisms from European allies. During a joint press conference Thursday with French President Emmanuel Macron, Biden said there are 'obviously going to be glitches' and a 'need to reconcile changes' in a law of that magnitude. The law, known as the Inflation Reduction Act, includes nearly $370 billion for climate and clean energy programs over the next decade. 'There’s tweaks that we can make,' Biden said. 'It was never intended, when I wrote the legislation, it never intended to exclude folks who were cooperating with us.' France and other European Union countries have been fuming over provisions in the climate law that favor renewable energy components that are manufactured in the United States. 'President Biden wishes to create more industrial jobs in the long run for his country and to build a strong industry and secure your supplies, and
this is very much our approach as well,' Macron said Thursday. He said the two nations were working to find solutions in coordination with other European nations."

Congress. Joe don't need to stinking Congress.

** E&E News ([link removed])
(12/2/22) reports: "The Biden administration is in talks with European leaders about how to address concerns with the new U.S. climate and clean energy law, but the White House doesn’t plan to ask Congress for changes. 'We don’t have any plans to go back to Congress for legislative changes,' White House press secretary Karine Jean-Pierre told reporters Friday aboard Air Force One as she traveled to Boston with the president. The rollout of the climate law — whose passage marked a major victory for the Biden administration — was a major discussion topic during French President Emmanuel Macron’s state visit this week. During a joint press conference with Macron on Thursday, Biden said there are 'obviously going to be glitches' and a 'need to reconcile changes' in a law of that magnitude. Biden said there are 'tweaks that we can make,' and Macron said France and the United States would work to 're-synchronize' their policy goals moving forward. France and other European Union countries have
criticized provisions in the climate law that favor renewable energy components that are manufactured in the United States. Senate Finance Chairman Ron Wyden (D-Ore.), a key player in the law’s passage, told the Associated Press he had 'no intention of reopening it.'"

Jean Girard made nice with Joe, but the real reason for the trip was to check in with the Supreme Leader.

** ([link removed])

Energy Markets


WTI Crude Oil: ↑ $82.19
Natural Gas: ↓ $5.81
Gasoline: ↓ $3.04

Diesel: ↓ $5.07
Heating Oil: ↑ $320.07
Brent Crude Oil: ↑ $87.74
** US Rig Count ([link removed])
: ↑ 877



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