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DAILY ENERGY NEWS | 05/28/2025
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** Governor Gavin likes gas prices high because filling up the U-Haul is one final reminder of why you're fleeing the state.
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Daily Economy ([link removed]) (5/23/25) op-ed: "California leads the nation in more ways than one — taxes, regulations, and, once again, gas prices. As of mid-May 2025, the average gasoline price in California is $4.85 per gallon, far above the national average of $3.26, according to GasBuddy and AAA. And it’s getting worse. A March 2025 study by USC Professor Michael Mische forecasts California’s fuel prices could spike 75 percent to over $8 per gallon within the next year. That’s not hyperbole — that’s the trajectory unless policymakers reverse course. The culprit? It’s not oil companies or global demand. It’s decades of state-level tax hikes, regulatory overreach, and misguided climate mandates that have warped the gasoline market in California...Supporters of California’s approach claim high prices are a necessary cost for fighting climate change. But what if those policies aren’t actually working? ...Meanwhil
e, low-income and working-class Californians are being punished at the pump while driving older, less fuel-efficient vehicles. This amounts to a regressive tax that hurts the very people politicians claim to protect. Worse, these rules don’t reduce global emissions — they just push energy production and refining out of the state and overseas, often to countries with weaker environmental standards."
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** "The ending of many Inflation Reduction Act green energy boondoggles early, the ending of tax credits, and the promotion of nuclear power should help shore up the nation’s rapidly declining electric power system, while taking a load off of taxpayers."
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– H. Sterling Burnett, Ph.D. The Heartland Institute ([link removed])
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Intermittent power means an intermittent life.
** Real Clear Energy ([link removed])
(5/27/25) op-ed: "Imagine taking the subway to work when the train comes to a sudden halt halfway between scheduled stops. You pull out your smartphone to go online and see what the problem is, but you have no reception – no cell signal, no internet. Hours later, rescue workers arrive to extract you and your fellow passengers from the stalled train. You make your way to the street in hopes of taking a taxi or an Uber. But without your phone apps and with credit card machines inoperable, you are forced to search for an ATM – only to discover those aren’t working, either. You soon realize that everyone else is in the same predicament. Hospitals operating on emergency backup systems. People trapped inside elevators. Traffic snarled due to inoperable stoplights. Gas station pumps not functioning. Airport terminals closed. People in darkened homes desperately searching for candles and battery-operated radios to learn what’s happening. On April 28, the residents of Spain, Portugal and parts of
France didn’t have to try to imagine this nightmare scenario...Buenestado noted that 'the risk of large-scale blackouts in electricity systems with high shares of renewable energy is well-established. However, the Iberian blackout of April 28 brings these long-recognized vulnerabilities into sharp focus.' He explained that unlike conventional power plants, solar and wind installations 'depend on a stable grid to function correctly and cannot autonomously support grid stability during disturbances.'"
Chip's right. It's time for the Senate to end the Green New Scam once and for all.
** ([link removed])
If at first you don't succeed, sue everybody and see what sticks.
** Forbes ([link removed])
(5/28/25) column: "Another key hearing related to a foundering anti-oil and gas lawfare effort is scheduled to take place in Charleston, South Carolina starting on Thursday, May 29. The case, brought by the City of Charleston, represented by the Sher Edling firm headquartered in San Francisco, is the latest attempt by a state or local government entity to hold oil companies liable for ill-defined impacts related to climate change. Thus far, this lawfare campaign involving Sher Edling and other law firms recruiting government entities to essentially serve as sponsors of the lawsuit filings has seen little success, as most cases have been dismissed in the courts...While the Charleston case was making its way through the courts, President Donald Trump signed Executive Order 14260, which seeks to restrict the ability of states and local governments to participate in this sort of lawfare campaign enhances the urgency for the judge to rule in the case...At the end of the day, a clear court
consensus appears to have coalesced related to this lawfare campaign, which has now involved years of hearings and filings in many separate jurisdictions, forcing the defendants to waste thousands of man hours and millions of dollars in defending themselves. The executive order issued by President Trump was an attempt to memorialize that consensus which has ruled in all but the case in Honolulu - which is still ongoing - and speed the end of this wasteful exercise."
Energy Markets
WTI Crude Oil: ↑ $61.91
Natural Gas: ↑ $3.37
Gasoline: ↑ $3.16
Diesel: ↑ $3.53
Heating Oil: ↑ $209.95
Brent Crude Oil: ↑ $65.05
** US Rig Count ([link removed])
: ↓ 577
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