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DAILY ENERGY NEWS | 02/10/2023
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** What is the carbon footprint of online Super Bowl ads? There are way too many climate news reporters if they take the time and the GHG emissions to report on such a silly story.
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Bloomberg ([link removed]) (2/1/23) reports: "On Sunday, millions of people will tune into the Super Bowl and watch the game’s commercials. Then they’ll look down at their phones to see, most likely, even more commercials. America’s favorite sporting event is a frenzied zenith for the nation’s advertising industry, which uses the weekend to bombard attentive consumers with messages on TVs and online. And every internet ad requires an unseen amount of energy to run — a footprint that, until recently, has not been properly measured. 'It’s never talked about,' says Amy Williams, an advertising veteran who runs Good-Loop, a London-based media firm. 'It’s not like chopping down a tree. You can’t see it or feel it. So it’s really easy to ignore.' Good-Loop is one of a handful of companies trying to track, and reduce, the greenhouse gas emissions of the online ad complex. Part of the difficulty is the way the wider market works. Unlike pricey Super Bowl spots, which are
bought in handshake deals months in advance, digital billboards are typically sold in automated, rapid-fire auctions that often involve dozens of different web companies for every transaction. Each of those fires up an untold number of power-hungry computer servers for every ad."
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** "Electrification requires, well, electricity. Lots of it. And it requires that electricity to be available at all times. Greens envision most of that electricity will come from wind and solar power, along with hydrogen-burning generators that don’t yet exist and battery storage to meet the demand for power when the wind doesn’t blow and the sun doesn’t shine."
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– Jonathan Lesser, The Manhattan Institute ([link removed])

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If Sec. Granholm is serious about increasing security of nat gas supply, she will call out John Podesta at the White House and Sec. Haaland at Interior for intentionally limiting access to resources.

** EIA ([link removed])
(2/10/23) reports: "Some 40 countries will convene for a Special IEA Ministerial on 15 February to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis. The virtual meeting will be chaired by Canada’s Minister for Natural Resources Jonathan Wilkinson, and co-chaired by US Secretary of Energy Jennifer M. Granholm and Ireland’s Minister for Environment and Climate Eamon Ryan. Russia’s invasion of Ukraine in February 2022 triggered an energy crisis whose ripple effects for the global economy are still being felt by consumers and businesses worldwide. The most severe price spikes and disruptions have taken place in gas markets. Countries in Europe and beyond are working to navigate the risks posed by the ongoing crisis and how best to ensure energy security going forward."

We're not even two months in and 2023 has already had some wild stories.

** Real Clear Energy ([link removed])
(2/9/23) column: "The year has started off slowly, but that has not stopped me from procrastinating and not getting this note out until the very end of the month. I’ll try to be brief and stick to the highlights. Earlier this year, the Department of Treasury announced that the federal government had reached its statutory debt ceiling ($31.4 trillion, 120% of our Gross Domestic Product, or about $90,000 for every man, woman, and child in the United States). That announcement surprised many who were expecting the debt ceiling to be reached in the third quarter of this year (which it will probably be, after “extraordinary measures” are expended). By accelerating the announcement and heightening the sense of crisis, Team Biden hopes to complicate and retard Republican efforts to exact spending concessions in exchange for raising the debt ceiling. They probably could have saved themselves the trouble. The reality is, of course, that runaway federal spending is a bipartisan problem. In the
last 50 years (with a couple of notable although momentary exceptions) neither party has shown any sustained interest in spending restraint. The numbers tell the story pretty clearly. In the last 20 years, across Republican and Democratic administrations and Congresses, federal spending has increased from $2 trillion in 2002 to more than $6 trillion in 2022. Twenty years ago, federal spending was just 18.6% of GDP. In fiscal year 2022, that percentage was 25.6%."

A product so popular consumers need to be bribed to buy them.

** Wall Street Journal ([link removed])
(2/9/23) editorial: "Carbon neutrality is something of a religion in Germany, but faith apparently has its limits. Witness the unfolding drop-off in sales of electric vehicles as Berlin withdraws costly subsidies. Sales of fully electric vehicles (EVs) fell 13.2% in January compared to January 2022, Germany’s Motor Transport Authority reports. Sales of hybrids declined 6.2%. This compares to an increase of 3.5% in the number of new gasoline-powered cars sold, and a modest decline of 1.2% for diesel. The main explanation is the end of Berlin’s subsidies for EVs and hybrids at the new year. Until December the subsidy had offered up to €9,000 split between consumer and producer for EVs with a net list price below €40,000. Hybrids in that price range received €6,750. Berlin has ditched the subsidy for hybrids entirely, and cut the payout to €4,500 for EVs below €40,000. Further cuts to the subsidy level and eligibility are scheduled over the next year. In reducing subsidies, Berlin made the
sensible point that increasing adoption of EVs and hybrids signaled consumers are embracing the cars and the more mature market no longer requires taxpayer support. Yet subsidies still seem to make a big difference. One reason for January’s sharp decline in sales is that EV and hybrid purchases boomed at the end of last year as car buyers scrambled to cash in on the subsidies while they still were available...If consumers want to buy EVs, go for it. But what does it say about their appeal if people need subsidies to buy them?"

If you oppose a carbon tax, take a stand and ** contact us. (mailto:[email protected])

** ([link removed])

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: ↑ $79.34
Natural Gas: ↑ $2.46
Gasoline: ↓ $3.41

Diesel: ↓ $4.58
Heating Oil: ↑ $286.90
Brent Crude Oil: ↑ $86.04
** US Rig Count ([link removed])
: ↓ 818



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