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DAILY ENERGY NEWS  | 04/22/2025
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Taiwan seems to get the idea.


Reuters (4/22/25) reports: "Increasing purchases of U.S. natural gas and oil is a focus of Taiwan's tariff talks with the United States, President Lai Ching-te said on Tuesday. Lai has pledged to seek a zero tariff regime with the United States and buy more from and invest more in the country, as he seeks to head off U.S. President Donald Trump's wide-ranging import tariffs, most of which are currently on hold. 'Increasing purchases from the United States, including natural gas, oil, and other essential national energy sources, is not only the next focus of the tariff negotiations between Taiwan and the U.S., but also an important part of Taiwan's efforts to strengthen its energy autonomy and resilience,' his office cited him as saying. Taiwan's economy minister said earlier this month that the island could increase the percentage of liquefied natural gas (LNG) it gets from the U.S. by one-third to help narrow the trade deficit."

"To support our country’s growing needs for affordable, reliable energy, we believe the U.S. should halt coal plant retirements, use existing plants at higher utilization and restart shuttered coal plants." 

 

– Vic Svec, spokesman for Peabody

If it has to be subsidized, leave it be.


Wall Street Journal (4/21/25) opinion: "Renewable subsidies force reliable resources like natural gas, coal and nuclear to sit idle for hours on end, making it harder to recoup costs and stifling investment. More than $130 billion has flowed instead into renewable resources that can’t be counted on to produce electricity when needed. Texans found this out the hard way in 2021, when blackouts killed hundreds during Winter Storm Uri. Residential electricity prices are now higher in Texas than in Florida, a state that gets most of its electricity from natural gas produced in Texas and Louisiana. The Texas Legislature has responded to the challenge of dwindling reliability and rising prices by requiring renewable energy plants to secure their own firm backup supply. HB 1500, a law passed in 2023, introduced a 'firming' requirement, but that applies only to new power plants starting in 2027. This is too little, too late, and does nothing to reduce the enormous costs and distortions that existing wind and solar impose on the grid."

Yes, please end the needless spending on unreliable technology.


Real Clear Energy (4/21/25) article: "LPO’s funding of intermittent energy sources and the Inflation Reduction Act’s green subsidies have wreaked havoc on how our grid operators and energy markets balance affordability in power-generation planning. These sources don't operate on the same terms as traditional baseload or dispatchable generation. Instead, they rely on favorable regulatory treatment and financial backstopping from taxpayers. That imbalance leads to capacity shortfalls, distorted price signals, and reliability risks that compound over time. These green energy schemes disconnect energy policies from the reality that American families and businesses need abundant, affordable, and reliable power—not experiments based on luxury beliefs."

The American Alliance for Solar Manufacturing Trade Committee is complaining about their competitors receiving subsidies. That's rich!


CNN (4/22/25) reports: "US trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods. The petitioner group, the American Alliance for Solar Manufacturing Trade Committee, accused big Chinese solar panel makers with factories in Malaysia, Cambodia, Thailand and Vietnam of shipping panels priced below their cost of production and of receiving unfair subsidies that make American goods uncompetitive. The tariffs unveiled Monday vary widely depending on the company and country but are broadly higher than the preliminary duties announced late last year. Combined dumping and countervailing duties on Jinko Solar products from Malaysia were among the lowest at 41.56%. Rival Trina Solar’s products from its operations in Thailand face tariffs of 375.19%."

Energy Markets

 
WTI Crude Oil: ↑ $63.90
Natural Gas: ↓ $3.08
Gasoline: ↑ $3.16
Diesel: ↑ $3.56
Heating Oil: ↑ $213.97
Brent Crude Oil: ↑ $67.07
US Rig Count: ↓ 637

 
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