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DAILY ENERGY NEWS | 12/16/2022

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Nothing new in fusion technology, but maybe something new at the RNC. The latest episode of The Unregulated Podcast is now streaming on our website or wherever you listen.

"Our society depends on reliable and affordable energy. The current meltdown in Europe shows how bad energy policy can lead to disastrous economic outcomes. Now more than ever, we need more reasoned debate and pragmatic energy policies."

– Robert Bryce,
The Power Hungry Podcast

Your daily reminder that this Administration is either clueless about energy markets or deliberately increasing your energy prices. Take your pick. Either way, you lose.

Daily Caller (12/15/22) reports: "Republican Texas Rep. Chip Roy and 10 other Republican lawmakers on Thursday urged the Environmental Protection Agency (EPA) to reverse its decision to deny small oil refiners exemptions from a climate rule that places a 'massive burden' on their operations. The Republicans pressed the EPA over its June decision to deny 69 small refinery exemption petitions (SREs) from the Renewable Fuel Standard (RFS) mandate, a move that forces small refiners to blend their products with biofuels in an attempt to reduce greenhouse gas emissions, according to a letter sent to EPA Administrator Michael Regan. The lawmakers wrote that the regulation increases energy costs while putting unnecessary pressure on refiners and referenced a recent Government Accountability Office (GAO) report which determined that the agency’s decision was based on potentially invalid assumptions and applied arbitrarily. 'These findings suggest that EPA is wielding its regulatory power in a completely arbitrary manner and calls into question not only EPA’s administration of the RFS program, but its decision-making processes agency wide,' the lawmakers wrote. Although the EPA refused to accept the refiners’ petitions because it believed that small refineries do not experience 'disproportionate economic hardship” due to the RFS, GAO found that the EPA’s own data suggests that this is incorrect, according to the report."

Does this make you feel safer?

This is directly from the FERC website:

FERC's Mission: Reliable, Safe, Secure, and Economically Efficient Energy for Consumers at a Reasonable Cost

Where is the word climate? 🤔

Politico (12/15/22) reports: "President Joe Biden has made combating the climate emergency a major focus of his agenda. Yet a crucial agency for realizing his clean energy future is losing its like-minded leader. The Federal Energy Regulatory Commission (sometimes called the most important agency you’ve never heard of) is tasked with greenlighting major natural gas pipelines and regulating the nation’s energy markets. As a commissioner, Richard Glick spent years arguing for a more robust assessment of how pipeline projects would affect the nation’s greenhouse gas output. His vision never came close to reality during the Trump administration. Glick made another push after Biden made him chair of the five-member commission. But after nearly two years of battling, Glick’s efforts have been defanged and his tenure cut short, writes POLITICO’s E&E News reporter Miranda Willson. The reason can partly be traced to a frequent thorn in Biden’s side: Sen. Joe Manchin (D-W.Va.). In February, Glick proposed establishing a metric to help determine whether a project's greenhouse gas emissions would have a 'significant impact' on the environment. Glick and the two other Democratic commissioners also updated FERC’s natural gas policy statement for the first time since 1999, adding more focus to environmental issues and scrutiny of whether new projects are needed. Both decisions faced strong objections from the two Republican commissioners, who said they went beyond FERC’s legal authority. Following more pushback from Manchin, who chairs the Senate Energy and Natural Resources Committee, and from natural gas pipeline groups and others, FERC turned the policies into unenforceable drafts.' That has rankled the natural gas industry and environmental groups alike."

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: ↓ $73.65
Natural Gas: ↓ $6.48
Gasoline: ↓ $3.17

Diesel: ↓ $4.80
Heating Oil: ↓ $313.86
Brent Crude Oil: ↓ $78.73
US Rig Count: ↓ 845

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