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** Daily Energy News ┃ 02/05/26
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Welcome to In The Pipeline, still your trusted source for daily energy news, but with a new look.
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** Can you name a better Secretary of Energy?
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Daily Caller ([link removed]) (2/5/26) opinion: "Energy Secretary Chris Wright says high electricity costs are a political choice in the United States today. The evidence at hand indicates the Secretary isn’t wrong. 'If you have expensive energy in your state…it’s because politicians and regulators chose to do that,' Wright said in a recent interview with the Wall Street Journal. 'It is not bad luck, it is not marketplace…there is no reason to have these rapid increases in electricity prices – no reason, but politics.' This is correct, and the disparity that exists in electricity bills in red states and blue states can be easily seen in a national map published by the U.S. Energy Information Agency (EIA), along with its supporting data. The good news for Americans is that this country enjoys an incredible abundance of all the natural resources and raw materials
needed to restore sanity and reliability to our power grid. All that’s really needed is the political will to get it done while keeping electricity bills affordable."
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** Pop quiz: What product underpins modern transportation, agriculture, chemicals, and energy, and enables almost every system that makes contemporary life possible? I bet even Greta and Bill know the answer.
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RealClearEnergy ([link removed]) (2/4/26) opinion: "For years now, climate change alarmists ranging from Greta ('Fridays for Future') Thunberg to Bill ('Keep it in the Ground') McKibben have railed against fossil fuels. When criticizing petroleum specifically, they have focused much of their attention on crude oil, particularly its ostensibly pernicious role in powering vehicles, heating and cooling buildings, and generating electricity. Defenders of fossil fuels have long put paid to simplistic views about an ‘energy transition,' but much of the population even today is not totally aware of the profound role of oil in areas other than transportation, HVAC, and power production. Indeed, because around 18 percent is devoted to uses other than energy, there is a lot of crude available for other uses, and these uses include the production of a vast array of goods and products that, taken together, go a long way
toward making the world modern. In 2024, for example, when world output of crude oil was about 32.3 billion barrels, this means that roughly 6 billion barrels went into non-energy uses. What uses? For starters, there are huge and hugely important product categories derived from crude oil such as plastics, petrochemicals, lubricants, synthetic rubber, fertilizers (urea, ammonia, UAN, etc.), pesticides, asphalt, waxes, pharmaceuticals, paints, and cosmetics."


** Speaking of Greta and Bill, they're not gonna like this article very much....
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Rigzone ([link removed]) (2/5/26) reports: "The U.S. is projected to produce almost a quarter of the world’s petroleum and other liquid fuels output in 2026 in the U.S. Energy Information Administration’s (EIA) latest short term energy outlook. According to the EIA’s January STEO, which was published last month, the EIA sees U.S. petroleum and other liquid fuels production averaging 23.88 million barrels per day in 2026. The EIA forecasts in the STEO that global production this year will come in at 107.65 million barrels per day, putting the U.S. contribution at 22.18 percent of the overall figure. A quarterly breakdown included in the EIA’s latest STEO outlined that the EIA sees U.S. petroleum and other liquid fuels production making up 22.18 percent of the world’s total petroleum and liquid fuels production in the first quarter of this year, 22.25 percent in the second quarter, 22.15 percent
in the third quarter, and 22.14 percent in the fourth quarter."


** The list of why wind power is bad for America just keeps growing.
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[link removed]
Burgum highlights national security risk posed by wind farms.


** Energy Markets
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WTI Crude Oil: ↓ $63.19
Natural Gas: ↑ $3.51
Gasoline: ↑ $2.89
Diesel: ↓ $3.63
Heating Oil: ↑ $238.57
Brent Crude Oil: ↑ $67.47
US Rig Count ([link removed]) : ↑ 571


**

"Michigan's groundbreaking case reveals how the big oil cartel conspired to deny Americans cleaner and cheaper energy choices and make life less affordable by keeping consumers hooked on their dirty fossil fuel products."
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– Richard Wiles, Center for Climate Integrity ([link removed])


** Trendline
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[link removed]
Average retail cost of electricity in New Jersey


** New From Energy Townhall ([link removed])
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** China targets 180 gigawatts of battery storage
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Institute for Energy Research ([link removed]) (2/5/26): "China is pushing ahead with battery storage to improve the reliability of its solar and wind facilities. Battery storage systems are considered a peak technology, but they do not generate power; they store it to be used during times of peak demand. They are also very expensive and have specific land requirements, needing huge tracts of land for the large battery systems and the associated transmission and distribution infrastructure. Often, they are co-located with wind and solar generating facilities for efficiency."


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