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DAILY ENERGY NEWS | 02/17/2023
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** Outsourcing America's energy production doesn't help consumers, and it certainly doesn't help the environment.
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Fox News ([link removed]) (2/17/23) reports: "Environmentalists seeking to halt U.S. oil and gas production in the name of combating climate change are undermining their own agenda and risking greater damage to the planet, according to a new report. The Institute for Energy Research (IER) released a paper showing that the U.S. is the most environmentally friendly major energy producer and arguing that, like it or not, because petroleum products are here to stay, limiting U.S. production would have a devastating effect on the environment. The report comes as Alaska Republicans and Native leaders are urging the Biden administration, which has committed to a complete transition away from fossil fuels, not to kill a major oil project in the state...As a result, the report continues, efforts to reduce or eliminate oil and gas production in developed countries will simply shift production to other countries in order to
meet global demand that's not going away. In other words, if the U.S., the world's largest producer of both oil and natural gas, reduced its production significantly, other energy producers — such as China, Russia, and Saudi Arabia, among others — would likely pick up the slack, thereby not leading to any drop in global fossil fuel use. Such a scenario wouldn't simply mean the same level of supply, just from different sources. The environmental situation would change significantly — but not for the better."

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** "It’s time for a wake-up call, and it is time for Congressional Republicans to stop laughing and start acting. The American people handed them control of the House of Representatives for a reason. It is high time they stop the Biden anti-fossil fuel, anti-American energy before the damage is permanent."
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– Daniel Turner, Power The Future ([link removed])

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Natural gas extracted from Pennsylvania is the cleanest in the world, and it isn't particularly close.

** Marcellus Drilling News ([link removed])
(2/16/23) reports: "The Institute for Energy Research (IER) is a not-for-profit organization that conducts research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society. A new study just published by IER (below) shows how restricting oil and gas development in countries like the U.S. with strict environmental standards pushes O&G development to countries with lower environmental standards. The end result is that the worldwide environment gets worse."

Too busy working on banning stoves and plastic bags.

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The goal isn't to abolish ICE vehicles, it's to abolish vehicle ownership.

** Epoch Times ([link removed])
(2/15/23) reports: "Converting America’s fleet of privately owned cars and trucks from internal combustion gasoline and diesel-fueled engines to Electric Vehicles (EVs) will cause critical shortages of Lithium—a must-have for batteries—and prompt more environmental damage due to increased mining, according to a new report. Avoiding the lithium shortages and dramatically increased environmental demand will require all but eliminating privately owned vehicles, concentrating the U.S. population in big cities, requiring the use of smaller batteries and making Americans rely on public transportation, the report claims...But energy industry advocates and congressional Republicans interviewed by The Epoch Times said the study provides solid grounds for limiting or eliminating Biden’s EV mandate all-together. 'This has always been the agenda, in the same way they want to ban gas stoves,' said Daniel Kish, senior vice president of the ** Institute for Energy Research
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(IER). 'The American Dream is under attack and the elites and central planners are using climate change and energy as the means to make us all ride on the back of the bus. What is most extraordinary is that they are now admitting it.' Kish also pointed to an IER ** report ([link removed])
on growing restiveness and opposition at the state level to an EV conversion."

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: ↓ $76.20
Natural Gas: ↓ $2.27
Gasoline: ↓ $3.42

Diesel: ↓ $4.52
Heating Oil: ↓ $272.86
Brent Crude Oil: ↓ $82.98
** US Rig Count ([link removed])
: ↓ 816



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