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DAILY ENERGY NEWS | 07/07/2025
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** Indeed, romanticizing renewables is dangerous.
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Fox News ([link removed]) (7/7/25) reports: "When radical environmental groups denounce the United States’ use of fossil fuels, they often romanticize countries attempting to wean themselves from coal, oil and natural gas as models for us to follow. But the reality is that these resources remain vital to America’s national and economic security, and the only ones more eager than green groups to end our country’s energy development are geopolitical rivals like Russia and China. For a world power like the United States, policies that restrict the production and use of our God-given natural resources would hand a strategic and economic advantage to authoritarian regimes. Abandoning domestic oil and gas production would not reduce global emissions, it would only hand a strategic advantage to those who pollute more, care less and gain power when democracies self-sabotage."
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** "The previous admin's myopic focus on climate change undermined the U.S. energy sector. With President Trump’s clear, commonsense focus on energy addition, we can reverse this trajectory and unleash greater American prosperity."
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– Energy Secretary Chris Wright ([link removed])
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California does it again...
** Daily Caller ([link removed])
(7/4/25) reports: "Democrat policies and new regulations hiked California’s gas prices on [July 1st], and a slew of green energy initiatives has led to refinery closures and lofty gas prices in the Golden State that may soon spiral into a full-blown crisis. California is teetering on the brink of a gas crisis due primarily to Democrats’ green energy policies, as multiple major refineries prepare to shutter in the coming years and more stringent regulations on the oil and gas industries take effect. Democratic leadership and regulators enacted adjustments to California’s Low Carbon Fuel Standard (LCFS) program on Tuesday, resulting in a gas price increase that may be the beginning of further pain at the pump for the state’s consumers. California has the highest tax on gasoline in the nation, and its cap-and-trade program for emissions has also been connected to high energy prices in the state. The combination of these stringent regulations and the forthcoming closures of the Phillips
66 and Valero refineries in the state could result in gas shooting up to $8 per gallon as soon as 2026, according to one study from the University of Southern California."
Nuclear energy is here...if you're reading this in the 2030s...maybe
** Oil Price ([link removed])
(7/5/25) article: "In the U.S., Commonwealth Fusion Systems (CFS) engineers are developing a fusion project consisting of a doughnut-shaped machine known as a tokamak and called SPARC, which they hope will achieve a nuclear fusion reaction. CFS is a company that spun off from the Massachusetts Institute of Technology in 2018. The firm has raised over $2 billion in funding to develop the machine, although it is not certain how long it will take and whether it will be able to achieve a net surplus of energy once it is up and running. However, the company’s target is to construct the world’s first fusion-fuelled power plant in Virginia by the early 2030s. [Last] week, Alphabet, the parent company of Google, came to an agreement with CFS to purchase power from its nuclear fusion project. Google signed the technology's first direct corporate power purchase agreement, according to the tech company."
It's abundant and affordable, what else could you ask for?
** West Virginia News ([link removed])
(7/7/25) reports: "West Virginia has 16% of U.S. recoverable coal reserves, the third-largest state reserves after Wyoming and Illinois. In 2023, coal-fired power plants accounted for 86% of West Virginia’s total electricity net generation. Renewable energy resources, primarily wind energy and hydroelectric power, contributed 7%, and natural gas also provided about 7%. There are nine coal-fired electrical generation facilities in West Virginia: Pleasants Power Station, Harrison Power Station, Mountaineer Power, John Amos, Mount Storm, Morgantown Energy Associates, Longview Power, Fort Martin Power Station and Mitchell Power. West Virginia is the second-largest coal producer in the nation, after Wyoming, and accounts for 15% of U.S. total coal production, according to data from the U.S. Energy Information Administration."
Energy Markets
WTI Crude Oil: ↓ $67.02
Natural Gas: ↓ $3.34
Gasoline: ↓ $3.14
Diesel: ↓ $3.67
Heating Oil: ↓ $240.60
Brent Crude Oil: ↓ $68.75
** US Rig Count ([link removed])
: ↑ 582
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