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DAILY ENERGY NEWS | 01/10/2023

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Is there a German word for "we don't have to blow up modern society" ?

American Spectator (1/8/23) reports: "Is there anything a foreign agent of either Russia or China would do differently than European or American policymakers who embrace green energy schemes? If their assigned objective is to undermine the economic and security interests of the European Union, NATO, and the U.S., they would have a difficult time outpacing the self-inflicted wounds associated with 'net-zero' campaigns aimed at curbing greenhouse gas emissions. Policymakers who have doubled down on anti-energy initiatives all in the name of climate change are encountering hard realities that conflict with politically fashionable, but economically unsound concepts. Exhibit A here would be Germany, which has Europe’s largest economy. The Institute for Energy Research, a Washington-based nonprofit that supports free market policies, reports that after Russia invaded Ukraine in February 2022, Germany need roughly a half-trillion dollars to prevent the lights from going out. 'That is the cost of the cumulative scale of the bailouts and schemes the [German] government has launched to prop up the country’s energy system since prices have skyrocketed and it lost access to natural gas from Russia,' IER explains."

"The truth is, regardless of how much plastic is being banned, these are all fights on the margins of the global problem of plastic pollution."

– Christian Britschgi, Reason

Hey Mary, when you put political preference above consumers, you lose.

Wall Street Journal (1/6/23) reports: "U.S. electric-vehicle sales leapt by two-thirds in 2022 while the broader auto market contracted, newly released year-end figures show, as fresh plug-in models from traditional auto makers whittled away at EV juggernaut Tesla Inc.’s lead. Auto makers sold 807,180 fully electric vehicles in the U.S. last year, or 5.8% of all vehicles sold, up from 3.2% a year earlier, according to year-end figures released this week by market-research firm Motor Intelligence. In comparison, total U.S. auto sales fell 8% in 2022 from a year earlier...General Motors Co.’s position in the EV market edged down after it halted sales of its top-selling electric, the Chevrolet Bolt, to fix a battery-cell defect that led to some fires. Sales, though, have rebounded since it returned to the market. Volkswagen AG and Nissan Motor Co. also saw their EV market shares slip in the U.S., Motor Intelligence’s data showed. The shifting market dynamics reflect early jockeying in a sector that remains a small slice of the broader car market, but is being targeted by auto executives as a major growth opportunity. Companies able to roll out appealing electric cars in significant numbers have the chance to attract early EV adopters, who have shown a willingness to jump to new brands, executives and analysts say."

The "Trust the Science™" crowd keeps pushing the envelope. How far can they push their junk science?

All electric by 2030 isn't a lot of time to replace every parking garage.

All Car News (12/20/22) reports: "Electric cars do not have a heavy gasoline or diesel engine “under the hood,” but a compact, lightweight electric motor. But because of a hefty battery pack, EVs are often bulky. An electric car sometimes weighs as much as 500 pounds more than a similar model with a traditional powertrain. This can create dangerous situations, according to the British Parking Association. Indeed, according to the British Parking Association, there are some 6,000 multi-story parking garages in the United Kingdom, most of which were built to guidelines based on the weight of popular cars from the 1970s. What was the most popular model in the United Kingdom at the time? A Ford Cortina Mk 3. The differences between modern cars and the Ford Cortina of old are huge. The Cortina is a likeable but slow bolide, which, moreover, would not yet achieve a 1-star in a Euro NCAP crash test. But it is not heavy, and modern cars are. An average EV – such as a Tesla Model 3 (1,819 kg) – weighs almost twice as much as a Cortina (960 kg). Cars with regular powertrains have also gained considerably. Chris Whapples, structural engineer and member of the BPA: 'When you see the weight of electric cars coming out of the factory, you begin to wonder if the existing standards are adequate. We haven’t had an incident yet, but I suspect it’s only a matter of time. We encourage owners of older parking garages to check.'"

Energy Markets

WTI Crude Oil: ↑ $74.97
Natural Gas: ↓ $3.59
Gasoline: ↓ $3.27

Diesel: ↓ $4.63
Heating Oil: ↑ $305.98
Brent Crude Oil: ↑ $79.90
US Rig Count: ↓ 849

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