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DAILY ENERGY NEWS | 10/28/2025
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** "We're losing the clean energy race to China" says the Greens...
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Wall Street Journal ([link removed]) (10/27/25) reports: "The worst day of Bathsheba Musole’s life started with a deafening crash when the 30-foot wall around a toxic-waste pool collapsed at the Chinese copper mine above her village. A poisonous river of a stinking yellow liquid rushed downhill, inundating homes and fields, including the one where she grew corn to feed her eight children. The floodwater, laden with cyanide and arsenic, rose chest-high. 'I thought I would drown,' said Musole, 48 years old, in a recent interview...The U.S. Embassy in Lusaka, Zambia’s capital, said the size of the spill made it the sixth-worst mine-tailings dam accident ever, by volume. Toxic sludge flowed into the Kafue River, leaving dead fish along a 70-mile stretch and poisoning farm fields. Dozens of students at Copperbelt University in Kitwe were hospitalized after drinking contaminated water in February and
March, according to a student group. The university closed for two weeks in February, citing the risk that contaminated water posed to students."
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** "When supported by competitive markets, innovation, and accountable regulation, economic growth and environmental progress are complementary."
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– Diana Furchtgott-Roth, The Heritage Foundation ([link removed])
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The answer to California's woes is drill, baby, drill.
** California Globe ([link removed])
(10/23/25) op-ed: "An opinion piece in the Santa Barbara Independent, published last week, heralded the decision by the Santa Barbara County board of supervisors to phase out oil drilling, which as the authors put it, 'will save lives, reduce air pollution, and help meet our climate goals.' Meanwhile, a study about to be publicly released by James Rector, a Professor of Civil and Environmental Engineering at UC Berkeley, offers a thought provoking perspective on Santa Barbara’s decision to phase out oil drilling. The title establishes the contrarian premise of the study: 'Fugitive Emissions from Natural Seeps and Orphaned Wells are Orders of Magnitude Greater than Fugitive Emissions from Production Equipment in Southern California.'...Instead of finding and capping literally hundreds of thousands of dormant wells, costing tens of billions of dollars and possibly a futile undertaking, we can revive oil drilling and extraction in Los Angeles County and elsewhere in California. This will not
only reduce methane emissions from natural and manmade seeps by reducing the pressure inside these underground reservoirs, but it will create thousands of jobs and reduce our dependence on imports."
They laughed at Trump when he scolded the Germans for relying on Russian gas. Who's laughing now?
** Wall Street Journal ([link removed])
(10/27/25) reports: "A cascade of billion-dollar deals is reshaping the once-dormant Western critical-minerals industry, which the U.S. and its allies hope will act as a xxxxxx against aggressive trade practices by China. Since China began restricting exports of rare earths in April—causing auto factories to halt production and rare-earth prices to shoot up—a wave of private and government funding has flowed into rare-earth companies. They now have money to hire technical experts, expand plants and make strategic acquisitions as they race to build out a non-Chinese supply of materials required in high-tech manufacturing...The funding boom suggests China’s shock tactics have catalyzed a revival of the Western rare-earth industry, much as U.S. efforts to restrict advanced semiconductor exports to China have turbocharged Chinese efforts to catch up with the U.S. in chips. China has 'awakened the sleeping giant,' said John Ormerod, a rare-earths industry consultant...Adamas Intelligence, which
tracks the rare-earths industry, has more than tripled its projections for total U.S. rare-earth magnet capacity in 2030."
Car companies decide to start making cars that people actually want to buy.
** E&E News ([link removed])
(10/27/25) reports: "The two major U.S. automakers say they will earn hefty profits by shifting back to building gas-powered pickup trucks and SUVs and through the Trump administration’s plan to roll back vehicle pollution standards. In earnings reports and calls last week, Ford and General Motors said they are shifting back to building gas-powered pickup trucks and SUVs, which are the most profitable vehicles they sell, to cut their losses on EVs. 'We expect to reduce EV losses in 2026 and beyond,' General Motors CEO Mary Barra said in a letter to shareholders."
Energy Markets
WTI Crude Oil: ↓ $60.44
Natural Gas: ↓ $3.30
Gasoline: ↓ $3.04
Diesel: ↑ $3.67
Heating Oil: ↓ $240.79
Brent Crude Oil: ↓ $64.71
** US Rig Count ([link removed])
: ↓ 571
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