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DAILY ENERGY NEWS | 03/01/2023
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** These 'net zero' banks are still pretty big on oil.
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Bloomberg ([link removed]) (2/28/23) reports: "Banks that sign up for the Net-Zero Banking Alliance commit to align their lending and investment portfolios with the goal of achieving net-zero emissions by 2050... But the reality is that the biggest financiers of the world’s energy supply — many of which happen to be members of the NZBA — are a long way from meeting their commitments. Analysts at BloombergNEF reported Tuesday that the majority of banks in the NZBA have provided less financing for low-carbon energy companies and projects than they have for planet-warming fossil fuels."
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** "The goal of the extreme environmentalist movement is the destruction of the capitalist system. Some people may find that appealing. I don't, and I intend to fight against it."
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– M ([link removed]) arian Tupy, Cato Institute ([link removed])

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The greens are against all development everywhere.

** Reuters ([link removed])
(2/28/23) reports: "Indigenous and environmental activists, including Greta Thunberg, blocked access to several Norwegian ministries on Tuesday, expanding a protest to demand the removal of wind turbines from reindeer pastures."

EV trucks aren't made for towing. They are made for looking cool while driving around the suburbs.

Freedom Molecules.

** OilPrice.com ([link removed])
(2/28/23) reports: "Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts. The United States is set to overtake Qatar and Australia as the world’s top LNG exporter this year after Freeport LNG resumes operations in the spring, energy consultancy Wood Mackenzie said in a recent report."

Energy Markets


WTI Crude Oil: ↓ $76.73
Natural Gas: ↓ $2.69
Gasoline: ↑ $3.36

Diesel: ↓ $4.40
Heating Oil: ↑ $282.74
Brent Crude Oil: ↓ $83.27
** US Rig Count ([link removed])
: ↓ 841



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