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DAILY ENERGY NEWS  | 10/29/2025
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No subsidies, no market.


Politico (10/28/25) reports: "EV sales are on track to face-plant to slightly less than 6 percent of new car sales in October, the first month after the Biden-era $7,500 tax incentive blew away like the first leaves of fall. That’s less than half the rate from September, according to a report by research firm J.D. Power and data firm GlobalData that made full-month conclusions from earlier sales... A poll this month by YouGov, a market research firm, found that 69 percent of Americans prefer gasoline-powered cars. That’s the highest it’s been since YouGov started asking in early 2024."

"For decades, top scientists said climate change threatened civilization. But the data never showed that. And now, the evidence is overwhelming that scientists and the media deliberately misled the public on fires, ice, food, floods, heat, islands, coral, sea level, & hurricanes." 

 

– Michael Shellenberger, University of Austin

Massachusetts produces half as much electricity as it did in 2010. It must be paradise for the Greens.


Wall Street Journal (10/23/25) op-ed: "Electricity prices are rising, and Democrats are making it a campaign issue. They blame the price hike on President Trump and congressional Republicans, who ended Biden-era renewable-energy subsidies in the One Big Beautiful Bill Act. But prices are actually soaring because of plant closures and natural-gas shortages in blue states, all in the name of green energy. Energy Department data show that electricity prices in California, Connecticut, Maine, Maryland, Massachusetts and New York have risen more than 30% in the past five years compared with just 22.5% nationally. Because of climate policies, these states closed most of their coal-fired power plants and nuclear facilities over the past 15 years, making nonrenewable energy generation more difficult... California’s electricity prices are up 58% over the past five years and have more than doubled since 2008. The state closed all but one of its coal plants and all nuclear facilities except the Diablo Canyon plant. California now has the nation’s second-highest residential electricity prices at 31.9 cents a kilowatt-hour in 2024, almost double the national price of 16.5 cents. The state’s massive investment in renewable sources, which account for more than half of California’s in-state electricity generation in 2024, has driven the price jump. Massachusetts has a similar issue: Residential power prices are the third highest in the nation. The state produces only about half as much electricity as it did in 2010 because of closures of coal plants and the Pilgrim nuclear plant in 2019. But the state is still moving forward with renewables: Solar power provided a quarter of Massachusetts power generation 2024. The 2023 Massachusetts Climate Report Card calls for 'substantial additions' of clean energy to reduce greenhouse gasses—and it warns of 'significant challenges' to meeting its longer term goals."

New Jersey also needs to rethink things.


NJ.com (10/28/25) op-ed: "After electric bills rose 17 to 20% in New Jersey this summer, energy affordability emerged as the top issue in this year’s statewide election. This energy crisis was avoidable- and now voters have the opportunity to change the course of our state’s energy policy. The 2019 New Jersey Energy Master Plan (NJEMP) published one year into Gov. Phil Murphy’s first term mandates the state transition from reliable coal and natural gas power to intermittent solar and wind by 2035. As a result, New Jersey residents and businesses are facing their highest energy bills in history and the Board of Public Utilities (BPU) is issuing a $100 Residential Universal Bill Credit to offset costs notably timed to arrive just weeks ahead of Election Day. The checks are merely a gesture- and they won’t solve the problem or reduce electric bills over the long term. As of this writing, New Jersey electricity rates are the 8th most expensive in the nation, averaging 24.88¢per kilowatt-hour (kWh). That’s 42.4% higher than the national average (17.47¢ per kWh) and a 25% increase from a year ago. For context, the average American household consumes roughly 10,800 kWh annually. A new Garden State Initiative (GSI) report exposed the reality of the renewable energy provisions of the NJEMP. This one section of the plan will incur an annual cost of $5 billion and result in a 35% hike in electricity rates. Despite this price tag, the Murphy administration wants to hastily codify their climate plan into law before year’s end."

Coal still has a role to play.


RealClear Energy (10/27/25) op-ed: "Picture this: it’s one of the coldest nights of a Michigan winter. The wind howls off Lake Michigan, the snow piles high, and the temperature plunges well below zero. Families across the state turn up their thermostats, hospitals lean on electric heating to protect patients, and factories fight to keep machinery from freezing. But the wind has gone calm, leaving turbines idle. The sun has set, leaving solar panels dark. Natural gas pipelines, stressed by extreme cold, are constrained or frozen. And there are no coal plants like J.H. Campbell left to carry the load. In that moment, the lights flicker, the furnaces cut off, and millions of Michiganders realize what policymakers never accounted for: you cannot run a modern state on promises and press releases. You need real, on-demand power. You need coal.That’s not a distant scenario. It’s a real and growing risk if Campbell is shut down early. For over 60 years, this plant has supplied Michigan with 1,400 megawatts of reliable, fuel-secure electricity. It has kept homes warm through every polar vortex and heatwave. It has supported hundreds of good jobs and poured millions into schools, first responders, and local services. To shutter Campbell prematurely is to gamble with Michigan’s reliability, affordability, and prosperity. This is not progress. It is a deliberate weakening of America’s energy foundation at the very moment we need it most."

Energy Markets

 
WTI Crude Oil: ↓ $60.32
Natural Gas: ↓ $3.23
Gasoline: ↓ $3.04
Diesel: ↑ $3.68
Heating Oil: ↓ $238.83
Brent Crude Oil: ↓ $64.60
US Rig Count: ↑ 572

 
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