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DAILY ENERGY NEWS  | 02/20/2025
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Making the most of our right to petition the Government for a redress of grievances.


E&E News (2/19/25) reports: "A conservative think tank is asking the Trump administration to roll back three major water quality rules that it says are stifling energy projects. Filed by the Institute for Energy Research, the first petition seeks changes to the Biden administration’s definition of 'waters of the U.S.' under the Clean Water Act. The definition sets the standard for the types of wetlands and surface waters nationwide that are protected by the landmark environmental law. The second petition asks EPA to rein in states’ ability to block energy projects like pipelines that could harm water quality within their borders. The third asks for reconsideration of a sweeping EPA rule requiring states to account for tribes' fishing and hunting rights when setting water pollution standards."

"Ultimately, seeking the best financial returns should be the only guiding light for how state funds are managed. Normally such a declaration would be sufficient. But the bait and switch game played by ESG advocates over the past decade, and the clear history of misleading investors about the financial returns of ESG-investing, have pushed state legislators deeper into the weeds of how their assets are managed." 

 

– Paul Mueller,
American Institute for Economic Research

It's time to get Line 5 over the finish line.


Bloomberg (2/19/25) reports: "A disputed tunnel in Michigan for an Enbridge Inc. oil pipeline is among hundreds of energy and mining projects the US Army Corps of Engineers has identified for emergency fast-track reviews after President Donald Trump’s executive order. The list also includes permits for a Venture Global Inc. liquefied natural gas export terminal, a gas-fired power plant proposed in Texas by Entergy Corp., and a Perpetua Resources Corp. gold mine in Idaho. They’re among the 800-plus applications listed in a new 'emergency permits' category quietly posted on the Corps’ website in recent days. The Corps list follows Trump’s executive order declaring an energy emergency and ordering the agency to identify projects that “may be subject to emergency treatment.'...The Institute for Energy Research and the Mackinac Center for Public Policy urged Secretary of Defense Pete Hegseth to approve the project on national security grounds, arguing in a letter Wednesday that the environmental review for the tunnel had been going on for nearly four years. 'The completion of the Line 5 Tunnel will not only protect the Great Lakes but will also ensure the continued flow of essential energy resources to millions of people across the region,' Tom Pyle, the president of the Institute for Energy Research, a Washington-based free-market nonprofit group, said in a statement."

People keep asking if American energy is back...

President Trump was elected to Save Our Cars and that's what he's going to do.


Autoweek (2/19/25) reports: "The process to create an all-new car model typically takes up to 72 months, meaning that an automaker starting to plan now is likely to deliver the vehicle in 2031. And that’s getting uncomfortably close to 2035, when the European Union and some US states say they will ban internal-combustion engines. Will consumers buy—and carmakers sell—vehicles that won’t be allowed on certain roads four years after they’re built? The current conflagration, fueled further by the Trump administration planning to roll back the clock on EVs, leaves automakers in a very tenuous position as they try to build the future on very rickety foundations...During the first Trump administration, CARB and its allies fought federal attempts to roll back California’s authority, but that effort is now under way again. And state officials say once again they will fight Trump administration attempts to strip California’s regulatory independence...American Energy Alliance President Tom Pyle said, 'President Trump is making good on his promise to immediately begin unwinding the reckless energy policies of the Biden-Harris administration.'"

Energy Markets

 
WTI Crude Oil: ↑ $72.47
Natural Gas: ↓ $4.14
Gasoline: ↑ $3.16
Diesel: ↑ $3.69
Heating Oil: ↑ $248.53
Brent Crude Oil: ↑ $76.35
US Rig Count: ↑ 591

 

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