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DAILY ENERGY NEWS  | 09/03/2025
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The plan to make air travel more expensive has hit yet another snag.


AFP (9/3/25) reports: "British oil giant Shell announced today it has abandoned construction of one of Europe’s largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business. Faced with weak market conditions, the company last year suspended construction of the renewables biofuel factory in Rotterdam that was intended to produce sustainable aviation fuel (SAF) and diesel from waste. 'As we evaluated market dynamics and the cost of completion, it became clear that the project would be insufficiently competitive,' Machteld de Haan, Shell’s downstream, renewables and energy solutions president, said in a statement."
Frank Sinatra - Come Fly With Me 1965

"The Trump administration is trying to combat the epidemic of municipalities and state governments turning to the courts for political grievances. Earlier this year, the president issued an executive order defining such complaints as threats to national security, and the Justice Department filed lawsuits in an effort to prevent Hawaii and Michigan from pursuing such claims in court. The abuse of our judicial system to achieve partisan political ends is out of control, and judges must put a stop to it. The judicial branch is designed to adjudicate laws, not serve as a backup venue for policy losers in the legislative branch."

 

– Gary Abernathy, The Empowerment Alliance

Delivering results.


Energy Bad Boys Substack (8/23/25) reports: "As we noted previously, we spent the last several weeks analyzing the impact of the Trump administration’s decriminalization of greenhouse gas emissions from new natural gas and new and existing coal-fired power plants. Our analysis, which was prepared for the Prime Mover Institute (PMI), spanned 50 pages and detailed how the Trump Administration’s deregulatory agenda would save Americans living in the Midcontinent Independent System Operator (MISO) region $314.6 billion through 2055, with the repeal of Biden and Obama era regulations saving much more across the entire country."

Dear Joe: This is how you build back better.


Reuters (9/2/25) reports: "Enbridge said on Tuesday it has reached a final investment decision to go ahead with Algonquin gas transmission (AGT) pipeline expansion to capitalize on the growing natural gas demand in the United States. Even as oil production starts to plateau, gas production in the U.S. is predicted to increase to meet increased electricity use and a surge in liquefied natural gas exports. U.S. pipeline firms, including Kinder Morgan, Williams, and Energy Transfer, are spending billions to build hundreds of miles of new pipelines, including in the Northeast, to meet the increasing demand. Once completed, the expanded pipeline will deliver about 75 million cubic feet per day of incremental natural gas under long-term contracts in the U.S. Northeast. Natural gas is a key component of the energy mix in the region. Enbridge expects to invest $300 million in system upgrades and fully complete AGT enhancement in 2029."

The number of voters in Britain that are on board with the energy transition is approaching net zero.


OilPrice.com (8/31/25) op-ed: "This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that have ranked the country among the top five with the most expensive electricity in the world. But there is a bigger problem: the country is the undisputed leader in industrial electricity prices in the world. And that may cost its government their energy transition plans. On Wednesday, energy regulator Ofgem announced a 2% hike in household electricity prices, beginning in October. This will add an average of 35 pounds, or $47, to a household’s bill, bringing the total to the equivalent of over $2,300 per year. A lot of people in Britain are already struggling with their electricity bills, and now their number is likely to rise further, putting the government in quite a bind—because one big reason for the cap hikes is 'extra financial support for those on benefits,' as the BBC reported. Yet there is also another reason for the cap hike: 'costs involved in matching the supply of energy with demand, which includes switching generators such as windfarms on and off.' In other words, electricity prices in the country are soaring because of the so-called curtailment, or the need to turn off wind turbines or solar installations when there is too much supply and not enough demand. Wind turbine operators in Britain get paid for this, and they get paid handsomely. In the 2024/25 financial year, Britain’s National Energy System Operator had to pay a total of 2.7 billion pounds, or some $3.7 billion, in balancing costs, which include the abovementioned payments to wind generators and the costs of starting up baseload generation when there is no or low wind generation. 'Wind curtailment is currently a major driver of balancing costs,' NESO said in the report, adding that 'This is because a large proportion of wind capacity in GB is connected in Scotland, which at present is a constrained region of the network.'”

Energy Markets

 
WTI Crude Oil: ↓ $64.30
Natural Gas: ↓ $2.97
Gasoline: ↑ $3.19
Diesel: ↓ $5.81
Heating Oil: ↓ $236.19
Brent Crude Oil: ↓ $67.89
US Rig Count: ↓ 576

 

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