"Not a ban" 😉

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DAILY ENERGY NEWS | 03/22/2024

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According to the media Biden didn't ban gas-powered cars, and it's good that he did. Mike and Tom break it all down on the latest episode of The Unregulated Podcast. Now streaming on our website, or wherever you listen.

"The EPA rule undermines consumer choice and transportation affordability for most Americans. Americans must retain the right to choose vehicles that are tailored to their needs and budgets — not to diktats from Washington bureaucrats."

– Jason Hayes,
Mackinac Center for Public Policy

After aggressively attacking oil and gas for years through promoting ESG, now BlackRock wants Texas back.

Reuters (3/21/24) reports: "A senior BlackRock executive said on Thursday the world's largest asset manager was 'dismayed' by a Texas state fund's move to pull $8.5 billion in assets, and urged the fund's administrators to reconsider. Texas State Board of Education Chair Aaron Kinsey said on Tuesday the Texas Permanent School Fund (PSF) was terminating a contract with BlackRock, covering around 15% of its assets, to comply with a 2021 state law that curbed agencies' business with financial firms accused of boycotting energy companies. It was the latest broadside in a tussle between Republican state and federal officials and Wall Street firms over using environmental, social and governance (ESG) factors in investing.
BlackRock Vice Chairman Mark McCombe wrote to Kinsey on Thursday that the firm had generated $250 million for PSF since 2006 and repeated previous rejections of the allegation it discriminates against oil and gas firms. 'We urge you to reconsider your decision and prioritize Texas schools and families who have benefited from BlackRock's consistent, long-term investment out-performance,' McCombe wrote in the letter. Kinsey said he made the move to fulfil his duty to manage money for the energy-producing state."

Life comes at you fast.

The Guardian (3/20/24) reports: "When New York’s deteriorating and unloved Indian Point nuclear plant finally shuttered in 2021, its demise was met with delight from environmentalists who had long demanded it be scrapped. But there has been a sting in the tail – since the closure, New York’s greenhouse gas emissions have gone up. Castigated for its impact upon the surrounding environment and feared for its potential to unleash disaster close to the heart of New York City, Indian Point nevertheless supplied a large chunk of the state’s carbon-free electricity. Since the plant’s closure, it has been gas, rather then clean energy such as solar and wind, that has filled the void, leaving New York City in the embarrassing situation of seeing its planet-heating emissions jump in recent years to the point its power grid is now dirtier than Texas’s, as well as the US average. 'From a climate change point of view it’s been a real step backwards and made it harder for New York City to decarbonize its electricity supply than it could’ve been,' said Ben Furnas, a climate and energy policy expert at Cornell University. 'This has been a cautionary tale that has left New York in a really challenging spot.'"

High school dropouts, Tik-Tokers, and snowboarders, Team Biden is taking their cues anyone other than people who know what they are talking about.

If you know what carbon dioxide is and oppose a tax on it, take a stand and contact us.

Tom Pyle, American Energy Alliance

Daren Bakst, 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 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 Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson, 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
Jon Sanders, John Locke Foundation

Energy Markets

WTI Crude Oil: ↓ $80.53
Natural Gas: ↓ $1.67
Gasoline: ↑ $3.53

Diesel: ↑ $4.06
Heating Oil: ↓ $264.85
Brent Crude Oil: ↓ $85.27
US Rig Count: ↑ 654

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