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DAILY ENERGY NEWS | 05/27/2025
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** Thank goodness we have the ability to learn from Europe's expensive mistakes.
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The Epoch Times ([link removed]) (5/24/25) reports: "Europe’s ambition to reach net-zero emissions by 2050 hinges on ramping up solar and wind power, potentially tripling the amount of electricity crackling through the power grid. Recent estimates put total costs for upgrading transmission lines across continental Europe at between 2 trillion euros and 3 trillion euros ($2.2 trillion–$3.3 trillion) by mid-century. With binding net-zero laws in place across the EU’s 27 member states and the UK, the rapid rollout of renewables means that networks originally designed for fossil-fuel power flows need to be upgraded to cater for electricity generated by renewables. Critics of these rigid and expensive
government-imposed targets say that grid planners will struggle to meet transmission needs for the wind and solar electricity generation that is scheduled to replace power from nuclear and gas."
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** "With President Trump’s leadership, the Energy Department is hard at work securing the American people access to affordable, reliable, and secure energy that powers their lives regardless of whether the wind is blowing, or the sun is shining."
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– Energy Secretary Chris Wright ([link removed])
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It shouldn't take emergency actions to make affordable energy available to Americans, but here we are...
** Free Beacon ([link removed])
(5/23/25) reports: "The Department of Energy is invoking emergency powers to keep a decades-old coal-fired power plant in Michigan online, an effort designed to avoid power outages and grid reliability issues as summer, a peak power demand season, fast approaches, the Washington Free Beacon has learned. In an emergency order signed late Friday afternoon, Energy Secretary Chris Wright directed the region's grid operator to coordinate with the Michigan-based Consumers Energy, ensuring the utility company's J.H. Campbell power plant remains available for operation. The West Olive, Mich., plant was slated to be permanently retired on May 31 as part of Consumers Energy's plans to eliminate its coal fleet and slash carbon emissions by 90 percent. Driven by state policies heavily incentivizing or mandating green energy investment, coal-fired power generation has dwindled over the last two decades nationwide, federal data show. In Michigan, coal plants generated 21 percent of total electricity in
2024, down from the 66 percent coal generated in 2009."
Looks like America will run out of oil and gas any day now...
** ([link removed])
Full speed ahead, the nuclear age is back.
** New York Times ([link removed])
(5/23/25) reports: "President Trump signed four executive orders on Friday aimed at accelerating the construction of nuclear power plants in the United States, including a new generation of small, advanced reactors that offer the promise of faster deployment but have yet to be proven. One order directs the Nuclear Regulatory Commission, the nation’s independent safety regulator, to streamline its rules and to take no more than 18 months to approve applications for new reactors. The order also urges the agency to consider lowering its safety limits for radiation exposure, saying that current rules go beyond what is needed to protect human health. While the country has the world’s largest fleet of nuclear power plants, only three new reactors have come online since 1996. Many utilities have been scared off by the cost: The two most recent reactors built at the Vogtle nuclear power plant in Georgia totaled $35 billion, double the initial estimates, and arrived seven years behind schedule."
Energy Markets
WTI Crude Oil: ↑ $61.34
Natural Gas: ↓ $3.27
Gasoline: ↓ $3.17
Diesel: ↓ $3.52
Heating Oil: ↑ $210.30
Brent Crude Oil: ↑ $64.59
** US Rig Count ([link removed])
: ↑ 599
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