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DAILY ENERGY NEWS | 04/09/2025
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** Energy realism is winning the day.
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LiveNOW from Fox ([link removed]) (4/8/25) reports: "U.S. President Donald Trump signed executive orders on Tuesday that aim to boost coal production in his latest action. Coal-burning plants generate less than 20% of U.S. electricity, a drop from 50% in 2000, according to the Energy Information Administration, as fracking and other drilling techniques have hiked production of natural gas. Growth in solar and wind power has also cut coal use."
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FULL REMARKS: President Trump boosts US coal as power demands rise.
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** "Beautiful clean coal. Never use the word ‘coal’ unless you put ‘beautiful, clean’ before it."
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– President Donald Trump ([link removed])
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It's easy to blame President Trump, but where would the market for wind power be without decades of massive subsidies and mandates?
** Oil Price ([link removed])
(4/9/25) article: "Despite a relatively stable short-term pipeline of U.S. wind power projects under construction, the five-year outlook of America’s wind capacity additions has been significantly limited due to the Trump Administration’s energy policies, Wood Mackenzie said in a new report. The energy consultancy slashed its five-year forecast of new capacity installations to just 45 gigawatts (GW), down by 40% from the previously expected gross additions of 75.8 GW, due to U.S. policy changes and heightened economic uncertainty. President Donald Trump’s new energy dominance agenda doesn’t include wind, and he even withdrew on Day One all areas within the Offshore Continental Shelf (OCS) from disposition for offshore wind energy leasing."
Time to play fair, Europe.
** Politico ([link removed])
(4/8/25) reports: "The European Union will have to commit to buying $350 billion of American energy to get a reprieve from Donald Trump's sweeping tariffs, the U.S. president said late Monday, dismissing Brussels' offer of 'zero-for-zero' tariffs on cars and industrial goods. Trump's comments at a White House press conference were in response to European Commission President Ursula von der Leyen saying earlier Monday that the EU had offered to drop the bloc's tariffs to zero on cars and industrial goods imported from the U.S. if Trump reciprocated. Asked by a reporter whether the offer was enough for him to back down, Trump said: 'No, it's not.' 'We have a deficit with the European Union of $350 billion and it's gonna disappear fast,' Trump said. 'One of the ways that that can disappear easily and quickly is they're gonna have to buy our energy from us ... they can buy it, we can knock off $350 billion in one week. They have to buy and commit to buy a like amount of energy.' He also
indicated that he wanted the EU to reduce its standards to allow more U.S. goods to enter its market."
I guess coal is not such a dirty word after all.
** Wall Street Journal ([link removed])
(4/9/25) reports: "Anglo American agreed to sell its steelmaking coal business, including the Moranbah North mine, where the fire broke out last week, to St. Louis-based Peabody in November. It was the U.K.-based miner’s first major step in a large-scale business reshaping announced last year as it fended off a takeover bid from rival BHP Group. Anglo American said in a statement that it continues to work with Peabody on completing the transaction and that it has provided the company with information on the suspension of mining operations at Moranbah North. It added that conditions in the mine remain stable and that it is working to facilitate re-entry into it. Anglo American last year said the deal comprised an upfront cash payment of $2.05 billion, plus some other payments tied to prices and the reopening of the Grosvenor mine, where production was suspended in June, also following a fire. It was expected to be finalized by the third quarter this year."
Energy Markets
WTI Crude Oil: ↓ $56.09
Natural Gas: ↓ $3.39
Gasoline: ↓ $3.23
Diesel: ↓ $3.62
Heating Oil: ↓ $195.91
Brent Crude Oil: ↓ $59.31
** US Rig Count ([link removed])
: ↑ 617
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