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DAILY ENERGY NEWS | 04/03/2025
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** What does "Liberation Day" mean for energy prices? AEA's Kenny Stein explains on The Rich Dad Channel.
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** "The historic deregulatory actions we are taking at the EPA will save the American people TRILLIONS of dollars while we work to provide the cleanest air, land, and water on the planet. We MUST grow our economy while ALSO protecting our precious environment."
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– Lee Zeldin, EPA Administrator ([link removed])
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Tom cuts through the noise on the PetroNoia podcast to discuss the changing energy regulatory landscape.
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New York needs some new leadership.
** The Federalist ([link removed])
(4/2/25) reports: "New York is in an unparalleled position to be a hero and help millions of families and businesses — if it heeds President Donald Trump’s call to build the Constitution Pipeline. The pipeline would route natural gas to New England and could save New Englanders $1 billion in energy costs while providing more reliable energy than renewable energy. By permitting the project, New York would also tremendously benefit through cost savings and boosted economic development. On March 13, Trump reignited interest in the Constitution Pipeline, calling on New York to approve the project because it would create jobs and “save per family, $2,500 just on heating and another $2,500 on everything else.” He reiterated his point on Truth Social...Andrew Cuomo appeased environmental activists by blocking the 124-mile pipeline, which would have brought gas from Pennsylvania’s Marcellus Shale into existing pipelines that supply New England. These activists have also successfully pressured the
Empire State to be the first to 'ban natural gas and other fossil fuels in most new buildings,' according to the American Energy Alliance."
Oil companies getting back to the business of oil. Nature is healing.
** Reuters ([link removed])
(4/3/25) reports: "BP would shut its low-carbon mobility unit, marking the energy major's latest retreat from its five-year-old attempt to diversify away from oil and gas, the Financial Times reported on Thursday. The oil major laid down a strategy reset in February, under which it is upping its oil and gas spend to $10 billion annually and targeting a $20 billion disposal program through 2027. The unit, responsible for developing electric, hydrogen and other low-emission solutions for vehicles, will be phased out and closed, the report added. BP did not immediately respond to a Reuters request for comment. The latest development comes days after the head of BP's electric vehicle charging business, BP Pulse, left the company. It also recently disclosed plans to sell its Austrian EV business."
EV mania has never been about the environment, but rather money and control.
** Financial Post ([link removed])
(4/1/25) op-ed: "The electric car is widely seen as a simple, clean solution to climate change. In reality, it’s inefficient, relies on massive subsidies and leaves behind a trail of pollution and death that is seldom acknowledged. Climate activists and politicians constantly remind us that electric cars are cleaner, cheaper and better. Canada and many other countries have promised to prohibit the sale of new gas and diesel cars within a decade. But if electric cars are really so good, why would we need to ban the alternatives?...The main environmental selling point of electric cars is that they don’t pollute. But although it’s true their engines don’t produce CO₂ while driving, they do emit carbon in other ways. Manufacturing them generates emissions — especially producing the batteries, which requires lots of energy, mostly achieved with coal in China. As a result, even an electric car recharged with clean power in B.C. will, over its life, emit about one-third what an equivalent gasoline
car does. When recharged in Alberta, it will emit almost three-quarters."
Energy Markets
WTI Crude Oil: ↓ $66.81
Natural Gas: ↑ $4.12
Gasoline: ↑ $3.26
Diesel: ↑ $3.63
Heating Oil: ↓ $218.64
Brent Crude Oil: ↓ $70.33
** US Rig Count ([link removed])
: ↑ 620
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