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DAILY ENERGY NEWS  | 06/04/2025
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🎶 Come on, come on, come on let me show you what it's all about... 🎶


Energy In Depth (5/23/25) reports: "The U.S. Department of Energy has officially resumed LNG export authorizations following the release of its LNG export study. The study, commissioned by the Biden administration in 2024 during a politically motivated pause on new approvals, overwhelmingly reaffirms what U.S. energy producers – and allies- have long known: American LNG is critical for economic growth, global energy security, and emission reductions... The DOE outlined three key findings from the report, which underscore the important role U.S. energy production and LNG exports play in global energy security:
  • The United States has a robust natural gas supply that is sufficient to meet growing levels of exports while minimizing impacts to domestic prices.
  • Growing LNG exports increases our gross domestic product and expands jobs while improving our trade balance.
  • Increasing U.S. LNG exports enhances domestic and international global security with no discernible impact to global greenhouse gas (GHG) emissions.

In short, the data dismantle arguments that LNG exports harm the U.S. economy or the environment. Instead, U.S. LNG exports do the opposite."

"The American people recognize waste when they see it, and they have given President Trump a mandate to cut it. Taxpayers are paying for energy sources that are of questionable reliability and price the most reliable energy sources out of the market."

 

–Craig Shirley, Citizens for the Republic 

Renewable energy is cost competitive when you mandate it.


The Center Square (6/2/25) reports: "Requiring 35% generation from renewable sources within 10 years has pressed forward from a committee in the Pennsylvania House of Representatives. First-term Democratic Gov. Josh Shapiro’s energy proposal, the Lightning Plan, pushes for more use of alternative energy such as solar and wind. If enacted, the legislation would amend a 2004 law known as the Alternative Energy Portfolio Standards Act. The advance from the Committee on Environmental & Natural Resource Protection comes a day after rate hikes went into effect for many Pennsylvanians, some as much as 16%. The Commonwealth Foundation, a policy group focused on fiscal conservancy in state government, in a release said PRESS – as the proposal is colloquially known – would 'impose $155 billion in additional statewide electricity costs for businesses and households.'”

Live by politics, die by politics.


Politico (5/28/25) reports: "A new national poll conducted by the Electric Vehicle Intelligence Report just before Senate Republicans voted last week to revoke California’s vehicle emissions rules — shared exclusively with POLITICO — shows how much Musk and Tesla have complicated the EV landscape for Democratic voters. While liberal voters — the most likely buyers of EVs — leaned towards both supporting requirements for car companies to sell more electric models and keeping California’s ability to set stronger-than-federal emissions standards, they don’t like the credit-trading system state officials devised to make that happen. More than half of Democrats surveyed — 56 percent — said they oppose 'allowing carmakers to sell their extra credits to other carmakers' that don’t hit their sales targets, while only 20 percent said they support the concept, according to the poll from Democratic consultant and pollster Evan Roth Smith. Republicans and independents also balked at the idea, with fewer than 30 percent in both categories saying they support credit sales."

Let's keep the power failures and economic stagnation in Europe. 


DC Journal (5/27/25) reports: "A sudden blackout across Spain and Portugal earlier this month left 50 million people without electricity. While the cause of the outage is unclear, a leading culprit appears to be poorly integrated wind and solar resources. What’s clear is that, in an increasingly digital age, ensuring affordable and reliable power is more critical than ever. The Spain-Portugal blackout came as U.S. power regulation authorities sounded an alarm about the safety of America’s electric grid and power supply. The North American Electric Reliability Corporation (NERC) — the nation’s grid reliability regulator — warned that parts of America’s power grid could fail during a heatwave this summer. Why is America’s power grid looking so shaky? And could Spain’s massive blackout happen here? Each summer, U.S. electricity demand soars. And when Americans crank up their air conditioners amid scorching summer heat, regional utilities must meet that hefty additional demand. The problem is that there might not be enough electricity to go around. The United States is suddenly using a lot more electricity than before. Electric vehicles, new manufacturing plants, and an exponentially growing array of data centers — which support the digital needs of cell phones, web browsers and AI systems — are gobbling up power. Power demand is growing so fast that, in the past year, NERC found America’s peak electricity needs grew by a staggering 10 gigawatts. That’s more than double the growth seen between 2023 and 2024. Surging demand is also colliding with the remnants of a regulatory agenda that aimed to wipe out America’s coal power plant fleet and make it impossible to build coal and natural gas power plants."

Energy Markets

 
WTI Crude Oil: ↓ $62.89
Natural Gas: ↓ $3.68
Gasoline: ↑ $3.14
Diesel: ↑ $3.52
Heating Oil: ↓ $209.50
Brent Crude Oil: ↓ $65.14
US Rig Count: ↓ 585

 

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