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DAILY ENERGY NEWS | 07/29/2025
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** If you can’t survive without subsidies, it might be time to rethink your business model.
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Bloomberg ([link removed]) (7/28/25) reports: "President Donald Trump’s assault on clean energy regulations and funding has hit other parts of the climate NGO sector. Biden-era programs that injected billions into nonprofits have been culled, and leading philanthropists have warned they’ll be unable to fill in the gap. At risk is the energy transition in the US as nonprofits struggle to provide services while also playing defense to protect remaining federal climate programs. US climate-related nonprofits have cut positions and looked for other ways to cut costs in recent months as the flow of funds has dried up. Environmental group RMI has also cut jobs, laying off about 10% of its staff in May following federal funding cuts. The New Orleans-based nonprofit Deep South Center for Environmental Justice had to lay off eight staffers after losing a $13 million, five-year federal grant in
February, says Beverly Wright, the group’s founder and executive director."
[link removed]
** "When American energy grows, freedom grows with it. This administration is implementing faster approvals, smarter spending, and bigger exports thanks to
@POTUS’ One Big Beautiful Bill!"
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– Energy Secretary Chris Wright ([link removed])
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Bye bye bye Biden legacy.
** Red State ([link removed])
(7/26/25) opinion: "After the Inflation Reduction Act was signed into law, the Department of Energy worked to codify regulations against fossil fuel production, particularly in acquiring leases on public lands. Essentially, Biden stifled any advancement for oil and gas industry within the interior, because leasing is the necessary first step toward oil and gas development and, ultimately, production. Thanks to the passage of the One Big Beautiful Bill into law (OBBL), America is now able to restore its ability to jump start oil and gas production, ultimately drill, and in rebuilding our resources, return our nation to energy dominance."
** ([link removed])
NSYNC - Bye Bye Bye
Pretty sure data centers and power companies can work this out without the subsidies.
** Wall Street Journal ([link removed])
(7/29/25) reports: "Technology companies need an extraordinary amount of electricity to power data centers at the core of the artificial-intelligence race. They don’t want to foot the entire bill. Utilities are seeking assurance that tech companies will pay for any potential surplus if the AI boom spurs the development of more power lines and plants than U.S. data centers ultimately need. The tech companies, meanwhile, say they are committed to paying their fair share of power costs, but that they shouldn’t have to pay substantially more for grid investments needed to serve them because some of those upgrades also benefit other customers. Dominion says the measures are necessary for an unprecedented build-out of data centers in the state, which serves 70% of the world’s internet traffic. By the end of last year, Dominion had received requests from data-center developers that would require 40 gigawatts of electricity, enough to power at least 10 million homes."
Remember when Britannia used to rule the waves?
** Bloomberg ([link removed])
(7/29/25) reports: "US President Donald Trump urged Keir Starmer to extract more oil from the North Sea and criticized UK taxes on fossil fuels in his latest attack on the prime minister’s policies during a five-day visit to Scotland. As the UK shifts to greener energy such as renewables and nuclear, and away from fossil fuels, Starmer’s Labour government has said it won’t issue new licenses for North Sea oil and gas extraction, though it will honor existing ones. Last year, Labour upped a windfall tax on oil and gas producers to 38% from 35%, bringing total taxation of the industry to 78%. 'North Sea Oil is a TREASURE CHEST for the United Kingdom. The taxes are so high, however, that it makes no sense,' Trump posted on his Truth Social platform on Tuesday. 'They have essentially told drillers and oil companies that, ‘we don’t want you.’ Incentivize the drillers, FAST. A VAST FORTUNE TO BE MADE for the UK, and far lower energy costs for the people!' There are at least 12 billion barrels of
oil-equivalent hydrocarbon resources in the aging North Sea basin, according to Offshore Energies UK. Right now, producers have plans for 4 billion barrels of oil and gas equivalent in various states of readiness, the industry lobby group said in its March business outlook report. Another 2 billion to 3 billion barrels could be made available by 2050 if the right policies were in place, it added."
Energy Markets
WTI Crude Oil: ↑ $67.56
Natural Gas: ↑ $3.11
Gasoline: ↑↓ $3.13
Diesel: ↑ $3.73
Heating Oil: ↑ $241.94
Brent Crude Oil: ↑ $70.88
** US Rig Count ([link removed])
: ↓ 560
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