Powering the "invasion"

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DAILY ENERGY NEWS | 02/13/2023

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Making all those "spaceships" requires coal...Lots of it.

Sydney Morning Herald (2/13/23) reports: "Australian coal miners are receiving inquiries from Chinese buyers eager to strike new supply agreements this year, in the latest indication that Beijing’s unofficial ban on Australian shipments of the fossil fuel is starting to ease. China has so far permitted only three state-owned power utilities and a steelmaker to source coal from Australia again, analysts and industry insiders say, but expectations are building across the sector that a complete lifting of the ban is possible within weeks. Several coal producers in the NSW Hunter Valley and Queensland have confirmed that Chinese buyers have asked about supplies of thermal coal for power generation and metallurgical coal, which is used in steel-making furnaces. New Hope Group, an ASX-listed coal miner, said it had seen an uptick in inquiries coming from China, although it does not have spare coal volumes to sell."

"I hope we never find life on another planet because if we do there's no doubt that the United States will start sending them money!"

– Former President Donald J. Trump

We can call off the fighter jets, it's just Ford getting the latest shipment of Chinese batteries.

Detroit News (2/10/23) reports: "Ford Motor Co. on Monday is expected to detail a multibillion-dollar investment with a Chinese company to build an electric-vehicle battery plant on a site in mid-Michigan, The Detroit News has confirmed. The Dearborn automaker is poised to unveil a project worth at least $2.5 billion that would create roughly 2,500 jobs in partnership with Contemporary Amperex Technology Co. Ltd., the world's largest producer of lithium iron phosphate batteries, according to four sources with knowledge of the project who were not authorized to discuss it ahead of Monday's announcement. The project will land on the Marshall Megasite, a 1,900-acre property in southwest Michigan's Calhoun County that local and state officials have long been preparing for such a development. Under the plan, Ford would own the land and plant and manage the workforce; CATL would be the technology partner to develop and build LFP batteries for Ford's electric vehicles; and Ford would be the recipient of any state incentives, the scope of which are still taking shape...Momentum for the Ford-CATL deal coalesced around Michigan as a finalist after Virginia Gov. Glenn Youngkin, a Republican and possible 2024 presidential candidate, in December said he pulled Virginia out of consideration for the project due to his objections over the involvement of a Chinese partner and its alleged ties to China's ruling communist party."

If you don’t live in the Land of Make Believe, you are the problem.

The "most transparent administration in history" has some thoughts about your gas-powered appliances, you just have to sue them to find out what they are.

Fox News (2/11/23) reports: "White House climate czar Ali Zaidi, who also serves as an assistant to President Biden, privately met with three officials with the Colorado-based Rocky Mountain Institute (RMI), an environmental group pushing gas stove bans. Zaidi met Jules Kortenhorst, RMI's CEO at the time; John Coequyt, RMI's government affairs director; and Sarah Ladislaw, RMI's former managing director and U.S. program leader, on March 17, 2022, in the West Wing of the White House, according to visitor logs reviewed by Fox News Digital. The three officials have extensive records advocating for net-zero and climate policies weaning the U.S. off fossil fuels. 'This meeting was about adding to President Biden’s historic record of bringing more manufacturing jobs back to America and lowering energy costs, not a debunked conspiracy theory,' White House spokesperson Abdullah Hasan told Fox News Digital. 'While the cynics try to serve up a story about Zaidi without sizzle or steak, he is working overtime to deliver substance — good jobs, cost savings, and a stronger American energy sector than ever before.' The topics discussed during the four-person meeting weren't included in the visitor logs. RMI didn't immediately respond to a request for comment...In addition, RMI has significant ties to China's government and Chinese authorities. For example, the group collaborated with the Chinese state agency National Development and Reform Commission to study net-zero pathways for the nation and is a member of the China Clean Transportation Partnership, a green group with significant ties to the Chinese government."

Energy Markets

WTI Crude Oil: ↓ $79.24
Natural Gas: ↓ $2.46
Gasoline: ↓ $3.41

Diesel: ↓ $4.54
Heating Oil: ↑ $288.53
Brent Crude Oil: ↓ $85.82
US Rig Count: ↑ 843

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