It’s Donald Trump 2.0 and the market is adjusting to a world where we’re going to make U.S. oil and gas great again. In what President Trump says is a new Golden Age in America, a declared National Energy Emergency is putting the world and the left on notice.Trumps order says, “The energy and critical minerals (“energy”) identification, leasing, development, production, transportation, refining, and generation capacity of the United States are all far too inadequate to meet our Nation’s needs. We need a reliable, diversified, and affordable supply of energy to drive our Nation’s manufacturing, transportation, agriculture, and defense industries, and to sustain the basics of modern life and military preparedness. Caused by the harmful and shortsighted policies of the previous administration, our Nation’s inadequate energy supply and infrastructure causes and makes worse the high energy prices that devastate Americans, particularly those living on low-and fixed-incomes. “This active threat to the American people from high energy prices is exacerbated by our Nation’s diminished capacity to insulate itself from hostile foreign actors. Energy security is an increasingly crucial theater of global competition. In an effort to harm the American people, hostile state and non-state foreign actors have targeted our domestic energy infrastructure, weaponized our reliance on foreign energy, and abused their ability to cause dramatic swings within international commodity markets. An affordable and reliable domestic supply of energy is a fundamental requirement for the national and economic security of any nation.”Oil prices are pulling back after President Trump declared a National Energy Emergency and the fact that he is going to delay sanctions on Canadian oil at least until February the 2nd. That gives Canada and Mexico a few days to negotiate, and that reduced some oil tariff premium. Yet even though in the long run President Trump’s policies and desires are to lower energy costs, tariffs on Canadian oil definitely would increase them at least in the short term.President Trump also pulled out of the Paris Climate Accord. My big question about that is can we get our money back? The US was the largest funder of the Paris climate exchange when we were in it and it was costing American taxpayers $10 billion a year. Of course we didn’t get our money’s worth, China and India continues to expand their greenhouse gas emissions and China will build a record amount of coal plants with coal demand at a record highThe possibility of unleashing U.S. oil and gas as well as streamlining oil and gas projects is getting the market ready for a revamping of the US oil and gas shale revolution and changing the oil dot plot for years to come. Policy shifts that would enable new oil and gas development on federal lands, while directing a rollback of Biden-era climate regulations.Yet President Trump is suggesting that they are going to top off the US Strategic Petroleum Reserve and stop buying Venezuelan oil and new sanctions on Russia and Iran could lend support to oil as it may be difficult to replace that oil in the short term. India has already been trying to find supplies of new oil. Reuters reported that Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world’s second-largest oil exporter.If President Trump is going to fill the SPR reserve to the top and not just replace the 180 million barrels that Biden squander, it could pave the way for the purchase of somewhere between 350 to 400 million barrels of oil to get it filled up to the maximum capacity.In an effort to harm the American people, hostile state and non-state foreign actors have targeted our domestic energy infrastructure, weaponized our reliance on foreign energy, and abused their ability to cause dramatic swings within international commodity markets. An affordable and reliable domestic supply of energy is a fundamental requirement for the national and economic security of any nation.Donald Trump is ending Joe Biden’s war on liquefied natural gas exports as well. Natural gas dipped as we’re in the deep freeze mainly because there is some hope that after this frostiness it won’t be as cold as we originally thought. Still the U.S. industrial and power sector and set a record for natural gas demand yesterday, January 20, 2025, according to reports and we haven’t seen anything yet.You should stay tuned download the Fox weather app because if the forecast trends colder again the natural gas prices could spike higher.The U.S. industrial sector set a record for natural gas demand yesterday, January 20, 2025, according to reports and we haven’t seen anything yet. We will break the record again today as the nation far and wide is in a deep freeze.Fox Weathers winter storm headquarters is reporting that a historic and dangerous winter storm stretching over 1,500 miles is blanketing the southern U.S. with heavy snow, including areas of southeastern Texas and southwestern Louisiana under Blizzard Warnings.President Trump is talking common sense when it comes to natural gas. President Trump said: “We will end the “Green Deal” with the “liquid gold under our feet”. The Netherlands has €1.000 billion of “liquid gold” natural gas in Groningen. The Rutte government destroyed our gas wells, filled them up with concrete, because they could not compensate 20.000 homes.”Bloomberg reported that, “Frigid temperatures will ride in behind the snow, potentially shaking oil and natural gas production in the short term, while sending electricity demand soaring. As the freeze gripped West Texas Monday morning, temperatures in Odessa — the middle of the oil-rich Permian basin — had only reached 19F (-7.2C) and are set to drop to 15F overnight. Cold can disrupt oil and gas output by causing water in wells and pipelines to freeze. The Texas grid has a weather watch in place for Monday and Tuesday — an early alert that extreme cold driving up heating needs may strain supplies. Peak electricity demand will climb the next two days, hitting 77.5 gigawatts on Tuesday morning, according a recent forecast by the Electric Reliability Council of Texas, the grid operator. Electricity prices in Dallas will rise to $174 a megawatt-hour at the morning peak, more than double Monday’s high, according to the state grid operator.Ercot’s projections have been volatile and at times have shown demand may test the winter record of 78.3 gigawatts set last January, though the grid operator said it expects to have enough supply to meet demand. Plunging temperatures have also triggered grid warnings outside of Texas. PJM Interconnection, which operates the largest US grid from Washington DC to Illinois, on Sunday issued a “low voltage alert” that extends through Thursday. PJM said demand may climb to 144 gigawatts Tuesday morning, which would topple the decade-long record of nearly 143.3 gigawatts.The Energy Report: Get BlastedThe Mystery Hedge – Manic Metals Report The Energy Report: Tariff Wiggle Room.
