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DAILY ENERGY NEWS | 02/19/2025
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** Build, Baby, Build!
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Bloomberg ([link removed]) (2/14/25) reports: "President Donald Trump vowed to complete the long-stalled Constitution Pipeline that would transport natural gas to New York, saying it could slash energy prices in northeastern US states by as much as 70%. 'We are going to get this done, and once we start construction, we’re looking at anywhere from nine to 12 months, if you can believe it,' Trump told reporters Friday after signing an executive order on energy in the Oval Office... This isn’t the first time Trump has put his weight behind the Constitution Pipeline. During his first term, the Trump administration sought to curtail the authority states have under the Clean Water Act to thwart energy projects they deem a threat. The Constitution Pipeline has taken on symbolic status for some energy advocates who have chafed at state opposition to oil and gas infrastructure. Although many parts of the US northeast sit next to
some of the country’s most bountiful natural gas reserves, limited pipeline capacity has prevented much of that supply from making it to them. Constitution was designed to transport Appalachian gas from Pennsylvania to New York."
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** "In a typical electrical grid environment, electricity generated by a utility-scale solar farm costs about seven times more than electricity from a natural gas generating plant. Yet many people think solar electricity is a breakthrough. No, it is a wasteful boondoggle."
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– N ([link removed]) orman Rogers, Author of Dumb Energy ([link removed])
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CRAsh and burn.
** Wall Street Journal ([link removed])
(2/17/25) editorial: "President Trump campaigned on eliminating electric-vehicle mandates and bringing down prices. Republicans in Congress now have an opportunity to do both by overturning California’s onerous EV regime. The Biden Administration in December approved a waiver letting California set its own vehicle greenhouse-gas emissions standards... But CO2 doesn’t cause smog, and California doesn’t have any more compelling need to regulate vehicle greenhouse-gas emissions than any other state... Enter Trump EPA Administrator Lee Zeldin, who on Friday submitted the California waiver to Congress for repeal under the Congressional Review Act. Under that law a simple majority of both chambers can overturn a regulation with a President’s signature. Passing a CRA resolution would be quicker than reversing the rule administratively. The CRA also bars judicial review of resolutions and forbids future administrations from reissuing a rule 'in substantially the same form.' That means California’s
EV mandate couldn’t return, as it did after Mr. Trump tried to kill it during his first term. Congress now has 60 days to introduce a resolution to overturn California’s EV mandate. Better get cracking."
Green-land.
** The Daily Caller ([link removed])
(2/17/25) reports: "Former Biden administration officials are landing cushy new jobs around Washington, D.C., in the weeks after being replaced by their Trump administration successors. Ex-Biden officials who worked in the White House, Department of Energy (DOE), Commerce Department and more are now snapping up new gigs at well-heeled law firms, activist groups, universities and other organizations as the new Trump administration takes shape and gets to work... Former Department of Energy (DOE) Loan Programs Office (LPO) Chief Investment Officer Chris Creed is now working for Galvanize Climate Solutions as a partner and chair of its credit investment committee, according to his LinkedIn. Galvanize Climate Solutions is a climate-focused investment company that was founded by left-wing megadonor and environmentalist Tom Steyer. While at LPO, Creed oversaw aggressive taxpayer-funded loans for green technology companies, and the office continued to advance multi-billion dollar deals through the
lame duck period despite concerns from elected Republicans and the agency’s inspector general that the last-minute loans could put taxpayer dollars at risk."
Don't call it a comeback.
** Grist ([link removed])
(2/12/25) reports: "Three years ago, one of the country’s largest electric utilities, Southern Company, made a splash when it announced it would retire most of its coal-fired power plants in the coming years, a major step toward the company’s stated goal of net zero greenhouse gas emissions by 2050. Southern’s subsidiary utilities — the companies that actually run the coal plants to provide electricity to homes and businesses — backed up the announcement by seeking and obtaining approval to close coal plants from the powerful state regulators who oversee them. But now the utilities are backtracking. They say they need to meet an extraordinary spike in demand for electricity, mostly from the large facilities packed with computer servers that enable intensive online activity like generative AI and cryptocurrency, known as data centers. In its latest integrated resource plan, or IRP, Southern Company subsidiary Georgia Power forecasts that demand will go up by 8,200 megawatts (MW) by the
winter of 2030-31, more than three times the output of the new nuclear reactors at Plant Vogtle, the first new nuclear reactors in the U.S. in decades, which Georgia Power and other utilities just spent more than $30 billion to build."
Energy Markets
WTI Crude Oil: ↑ $72.51
Natural Gas: ↑ $4.20
Gasoline: ↑ $3.16
Diesel: ↑ $3.69
Heating Oil: ↑ $246.71
Brent Crude Oil: ↑ $76.40
** US Rig Count ([link removed])
: ↓ 591
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