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DAILY ENERGY NEWS | 01/04/2023
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** Fifteen years ago, we were talking about building LNG import terminals. Today, we are the world's leading LNG exporter. Let the freedom molecules flow!
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Bloomberg ([link removed]) (1/2/23) reports: "The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel. Both countries exported 81.2 million tons in 2022, according to ship-tracking data compiled by Bloomberg. While that’s a modest increase for Qatar, it marks a huge leap for the US, which only began exporting LNG from the lower-48 states in 2016 and has seemingly overnight become a dominant force in the industry. A shale gas revolution, coupled with billions of dollars of investments in liquefaction facilities, transformed the US from a net LNG importer to a major supplier. The global energy crisis and a shift away from Russian pipeline gas has increased demand for US LNG, which could also help support construction of several new export projects across the Gulf Coast.
The US would have been the world’s top LNG exporter if not for a fire at the Freeport export plant in Texas, which has kept the plant shut since June. The facility is slated to resume operations later this month, which will cement the US as the biggest exporter of the fuel."
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** "Today’s 'net zero' advocates are like little Alices smoking hookahs (or something else) with imaginary Absolems while pressing society toward unreachable goals and condemning anyone who fails to fall into line with their militarist vision."
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– Duggan Flanakin, Committee For A Constructive Tomorrow ([link removed])
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2022: Not a great year for frivolous lawsuits designed to make energy more expensive.
** Energy In Depth ([link removed])
(12/29/22) reports: " Supporters of the national climate litigation campaign had high hopes for 2022, but it was another disappointing year for an effort that has yet to win in court and continues to struggle from further revelations of secret coordination and funding. Much of the campaign’s focus over the last year was working with lawmakers in Washington DC, but this beltway strategy faltered in the face of transparency. The biggest bombshell story of 2022 came from Fox News reporting which exposed Hollywood celebrity Leonardo DiCaprio as an integral part of the climate litigation campaign from the very beginning. Working with academics at UCLA, DiCaprio’s non-profit was revealed to be funneling financial resources to Sher Edling, the for-profit plaintiffs’ law firm that is leading the litigation charge in courts across the country...In addition to raising significant legal and ethical questions around DiCaprio’s supposed non-profit, Fox News’ reporting further demonstrates that the
climate litigation campaign is a coordinated, national effort, rather than a loose collection of state and local cases...Fourteen months and a million-plus documents later, the outcome of the House Oversight and Reform Committee’s investigation turned out to be a giant nothingburger. The report landed on a Friday afternoon in December, without a press conference and little fanfare, just weeks before Democrats exit the majority."
What should the new Congress be doing about energy? Our leader weighs in on the latest episode of David Blackmon's Energy Question Podcast.
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Be careful what you say about Big Brother's preferred investing strategy, otherwise, the thought police might deny your next loan...
** CNS News ([link removed])
(12/22/22) reports: "A bank tried to use his loan application as leverage to coerce him into publicly expressing support for Environmental, Social and Governance (ESG) ideology, businessman Bud Brigham alleged in testimony at a Texas Senate Committee on State Affairs hearing.Brigham, founder and executive chairman of Brigham Minerals, detailed his allegation at a December 15, 2022 hearing examining the harm that the ESG movement - in which financial institutions limit their investments to companies aligned with specific leftwing environmental and social causes - is doing to Texans, their access to capital, and their investment portfolios. In his testimony, Brigham claimed that Credit Suisse, a global investment bank and financial services firm, suggested that his company would have its loan application approved – but, only if he tweeted out statements repeating and promoting principles of liberals’ climate agenda."
Energy Markets
WTI Crude Oil: ↓ $74.15
Natural Gas: ↑ $4.04
Gasoline: ↑ $3.26
Diesel: ↑ $4.68
Heating Oil: ↓ $296.52
Brent Crude Oil: ↓ $79.26
** US Rig Count ([link removed])
: ↓ 844
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