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DAILY ENERGY NEWS | 07/28/2025
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** What a relief...more American oil and gas is changing geopolitics for the better.
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Washington Times ([link removed]) (7/27/25) opinion: "It feels like simple economic theory would predict that if demand goes up by 10 million barrels and supply increases by 15.5 million barrels, prices should go down. Sure enough, they pretty much have. Oil opened this morning at around $65 per barrel. That compares with an average price in July 2010 of about $112 per barrel (adjusted for inflation). So, the world markets have already been altered and affected by the surge in production from the United States. Last year, we were — for the sixth straight year — the world’s largest oil producer, accounting for a fifth of global production. Our oil and condensate output is about equal to the combined output of Saudi Arabia and Russia. This is not to say that the United States is disconnected from world markets. An attack on Saudi Arabia or on critical infrastructure in the Middle East would certainly affect world
markets, but the reality is that such an attack, and the attendant economic damage, would hurt other producers much more than it would hurt the United States."
[link removed]


** "Thanks to the shale revolution, United States’ energy production has exploded in the last few years. With this administration’s commitment to energy DOMINANCE, we are on the forefront of leading the nuclear revolution too."
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– Energy Secretary Chris Wright ([link removed])

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Let's finish the job.

** Daily Caller ([link removed])
(7/25/25) reports: "Republican Texas Rep. Craig Goldman introduced legislation Friday that would further dismantle the 2022 Inflation Reduction Act (IRA), former President Joe Biden’s signature climate law. 'Americans should have the freedom to choose how to cook their food and heat their homes. That’s why I am introducing the Homeowner Energy Freedom Act to repeal the Biden administration’s extreme green energy mandates that would effectively ban gas stoves and appliances,' Goldman said. The bill would specifically repeal IRA sections 50122, 50123 and 50131. These provisions currently authorize the Department of Energy (DOE) to spend $4.5 billion on an electric home rebate program, $200 million for training contractors to complete “home energy efficiency and electrification improvements,” as well as $1 billion for states to update buildings so they emit less carbon. The IRA programs Goldman is targeting were a key part of Biden’s broad push to electrify buildings and appliances across the
country using taxpayer dollars."

Don't worry Europe, there's plenty more where that came from.

** Reuters ([link removed])
(7/28/25) reports: "Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact.The EU, seeking to phase out its dependence on Russian gas, committed to buying $250 billion annually in U.S. LNG as part of the framework trade agreement unveiled on Sunday. The U.S. became the world's biggest LNG supplier in 2023, surpassing Australia and Qatar, as surging global prices fed demand for more exports, due in part to supply disruptions and sanctions linked to Russia's 2022 invasion of Ukraine. The agreement imposes a 15% U.S. import tariff on most EU goods, a softer blow than markets had feared. 'Terms of the EU-U.S. trade deal were at the forefront, with the 15% tariff level better than feared (30% was mooted previously),' said Ashley Kelty, an analyst at Panmure Liberum."

Hey Brazil, a deal with the U.S. is good for the entire hemisphere.

** S&P Global ([link removed])
(7/25/25) reports: "The US representative, Gabriel Escobar, met July 23 with representatives of the Brazilian Mining Institute in Brasilia to discuss the United States' interest in potential agreements with the Brazilian mineral sector, according to the institute, or IBRAM. 'They reaffirmed this interest, showing that they are genuinely concerned and interested in rare earths,' the institute's director-president, Raul Jungmann, said in a recent interview with local media. 'I responded to them that, as the Brazilian constitution determines that the subsoil and minerals belong to the union, this is a government agenda.' The meeting took place a few days before the deadline set by US President Donald Trump to impose a 50% tariff on Brazil, starting Aug. 1. The measure, announced July 9, cites legal charges against former Brazilian President Jair Bolsonaro as justification for the decision and marked a significant escalation in bilateral trade tensions. The Brazilian presence on the map of
strategic minerals has increasingly attracted attention from governments and companies around the world. Lithium, niobium, graphite and the so-called rare earth elements, used in the production of batteries, electronic equipment and military gear, are at the center of these discussions."

Energy Markets


WTI Crude Oil: ↑ $66.35
Natural Gas: ↓ $3.10
Gasoline: ↓ $3.14

Diesel: ↑ $3.73
Heating Oil: ↑ $241.89
Brent Crude Oil: ↓ $69.63
** US Rig Count ([link removed])
: ↑ 574



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