View this email in your browser ([link removed])
DAILY ENERGY NEWS | 04/01/2025
Subscribe Now ([link removed])
** I guess encouraging people to look into the cause of California's high gas prices backfired.
------------------------------------------------------------
The Sacramento Bee ([link removed]) (3/30/25) reports: "Two years after California’s Democratic leaders declared victory over big oil with a law aiming to crack down on industry profits, the state has been unable to prove companies engage in price gouging when the cost of gasoline spikes in California. 'Open your books and prove that you’re not price gouging. Otherwise, you – big oil – will pay the price, not consumers,' then-Sen. Nancy Skinner said after Newsom signed the bill she authored that created an industry watchdog division and gave the California Energy Commission authority to cap oil company profits and return funds to taxpayers. But the state hasn’t leveled any penalties on oil refining companies since the law passed and has even stopped posting the data it required."
[link removed]
** "By reforming DOE’s permitting rules and regulations for our National Labs, we can speed up critical infrastructure improvements and make the Energy Department a better steward of taxpayer dollars."
------------------------------------------------------------
– Chris Wright, Secretary of Energy ([link removed])
============================================================
Howdy Tokyo, welcome to Texas.
** Reuters ([link removed])
(3/31/25) reports: "TG Natural Resources LLC (TGNR), co-owned by Tokyo Gas (9531.T) and Castleton Commodities International, has bought a 70% stake in east Texas gas assets from Chevron for $525 million, the company said on Tuesday, as it expands its U.S. gas business. TGNR is already the fourth biggest producer in the Haynesville shale basin and the deal would allow it to reap synergies of over $170 million during the asset's development, Craig Jarchow, the company's chief executive, said in a statement. Haynesville's location in east Texas and northwest Louisiana is ideal for exports from liquefied natural gas (LNG) facilities and projects clustered on the nearby Gulf Coast, and has investors' attention as U.S. President Donald Trump aims to boost gas exports."
We shouldn't be upset that LNG is affordable and abundant.
** Financial Times ([link removed])
(3/30/25) reports: "AP Møller-Maersk has warned that plans for a shipping emissions trading scheme intended to fix the price gap between fossil fuels and green energy would only encourage the sector’s use of LNG. The Danish shipping group said proposals for a trading scheme, which would require ships whose emissions exceed an agreed level to buy credits from those with lower emissions, did not sufficiently penalise shipowners who use liquefied natural gas. This risks incentivising shipowners to use the fossil fuel instead of an expensive low-carbon fuel like green methanol. Negotiations between member states at the IMO next month are expected to lead to the first agreement on an industry’s global pricing mechanism for carbon emissions, and has potentially wide-reaching implications for the direction of climate regulation."
[DEL: Rustbelt :DEL] Tech Hubs.
** The Wall Street Journal ([link removed])
(3/30/25) reports: "Building advanced artificial-intelligence systems will take city-sized amounts of power, which has turbocharged electricity demand projections for the first time this century. Tech companies are pressing into unexpected parts of the country, far from traditional data-center markets such as Northern Virginia. They are hunting for huge swaths of flat land with access to natural gas and transmission lines, landing them on the doorstep of oil-and-gas country, including Louisiana’s Haynesville Shale. To meet the voracious power needs of the project and other growth, Entergy’s Louisiana business intends to spend about $3.2 billion to build three natural gas-fired power plants, tapping the state’s vast gas reserves. If approved by state regulators, two plants would be built near Meta’s site, which is already crossed by transmission lines and a gas pipeline."
Energy Markets
WTI Crude Oil: ↑ $71.35
Natural Gas: ↓ $4.10
Gasoline: ↑ $3.20
Diesel: ↓ $3.61
Heating Oil: ↑ $227.46
Brent Crude Oil: ↑ $74.63
** US Rig Count ([link removed])
: ↓ 614
** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect on Facebook ([link removed])
** Connect on Facebook ([link removed])
** Follow on X ([link removed])
** Follow on X ([link removed])
** Subscribe on YouTube ([link removed])
** Subscribe on YouTube ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])
** Suite 525 ([link removed])
** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])
** unsubscribe from this list ([link removed])
