Politics Overnight Energy & Environment — Presented by ExxonMobil — Biden may get reprieve with gas price drop
Democrats aim for clean energy standards via the federal budget
What advocates see as a landmark climate initiative could end up as law via the budget reconciliation process, as Democrats rely on their slim majority.About 60% of the nation's electricity is generated by fossil fuels. President Joe Biden has promised to create an 80% clean energy grid by 2030 and 100% clean by 2035. A federal standard would be a crucial catalyst to reaching those goals.
Welcome to Tuesday's Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond. Subscribe here:.
Today we're looking at how an expected gas price drop could be a relief for President Biden, the EPA's decision to lower past biofuel blending requirements but reject blending waivers, and a newly announced electric vehicle charging initiative.
For The Hill, we're Rachel Frazin and Zack Budryk. Write to us with tips: firstname.lastname@example.org and email@example.com. Follow us on Twitter:and .
Will recent moves give John Mara a reprieve during Michael Strahan’s jersey retirement ceremony?
Giants defensive end Michael Strahan recently wondered why the team didn’t retire his jersey sooner. Former Giants offensive coordinator Jason Garrett and soon-to-be-former Giants G.M. Dave Gettleman may be wondering why they didn’t do it sooner, too. With Strahan’s ceremony happening at halftime of a game played only six days after a horrendous showing on [more]With Strahan’s ceremony happening at halftime of a game played only six days after a horrendous showing on Monday night at Tampa against New York nemesis Tom Brady, co-owner John Mara could hear it even more loudly than he did earlier this year, when Eli Manning’s jersey was retired. And Mara definitely heard it; he said so.
Let's jump in.
Gas price fall could be political win for Biden
The price of gasoline is expected to fall in the coming weeks, a shift that could give U.S. consumers shaken by inflation some relief - and that could also boost President Biden.
The White House has been hammered by Republicans over rising fuel prices, as the cost of gas has skyrocketed from its lows during the pandemic.
The stats: Crude oil hit a peak of nearly $85 per barrel on Oct. 26 but dropped all the way to about $66 per barrel on Dec. 1 amid fears of the new omicron variant of the coronavirus. On Tuesday, prices were back to about $72 per barrel as fears in markets ease over the extent of the danger from omicron.
Prices at the pump didn't drop immediately but have come down in recent days, averaging $3.35 per gallon, according to the American Automobile Association (AAA). That's down from $3.39 a week ago and $3.42 a month ago - which is likely not enough to provide much of a relief to U.S. drivers.
Overnight Energy: Senate panel advances controversial public lands nominee | Nevada Democrat introduces bill requiring feds to develop fire management plan | NJ requiring public water systems to replace lead pipes in 10 years
ALMOST THE WEEKEND! Welcome to Overnight Energy, your source for the day's energy and environment news. Please send tips and comments to Rachel Frazin at firstname.lastname@example.org . Follow her on Twitter: @RachelFrazin . Reach Zack Budryk at email@example.com or follow him at @BudrykZack . Today we're looking at the Senate Energy Committee's vote on President Biden's nominee to head the Bureau of Land Management, a bill to address western wildfires and New Jersey's lates actions on lead pipes.
Falling prices: The federal government released aon Tuesday showing that gas prices are expected to keep falling, averaging $3.13 per gallon this month, and falling to $3.01 per gallon in January.
It noted that its projection is facing "heightened levels of uncertainty" because of the coronavirus pandemic and specifically the omicron variant.
"We probably still have another week or two [in] which we'll see gas prices declining in most of the country," Patrick De Haan, head of petroleum analysis at price comparison website GasBuddy, Monday. "I would expect the decreases to continue, I think we probably have another 15 or 20 cents, maybe 25 cents a gallon for retail gas prices ... before we're kind of caught up."
He said that this is because the drop in gasoline prices weren't commensurate with the drop in crude prices yet.
Presidents, generally speaking, have little control over the price of gasoline, but that doesn't stop them taking the blame when prices are high. Biden has seen his approval rating hover at around 43 percent in recent polling.
In shadow of Texas gas drilling sites, health fears escalate
ARLINGTON, Texas (AP) — At a playground outside a North Texas day care center, giggling preschoolers chase each other into a playhouse. Toddlers scoot by on tricycles. A boy cries as a teacher helps him negotiate over a toy. Uphill from the playground, peeking between trees, is a site where Total Energies is pumping for natural gas. The French energy giant wants to drill three new wells on the property next to Mother's Heart Learning Center,Uphill from the playground, peeking between trees, is a site where Total Energies is pumping for natural gas. The French energy giant wants to drill three new wells on the property next to Mother's Heart Learning Center, which serves mainly Black and Latino children.
The politics of it all: Republicans have seized on the high gasoline prices to attack Biden, and anfrom left-wing think tank Data for Progress showed a strong correlation between Biden's disapproval rating and gasoline prices.
But, GOP strategist Doug Heye told The Hill that if prices drop, it's unlikely to change the party's strategy.
"Gas prices are part of a larger conversation on inflation," Heye said. "They'll be able to transition...to talking about the price of beef to used cars, new cars, anything that we've seen a real spike in prices over the past year."
A MESSAGE FROM EXXONMOBIL
Carbon capture and storage. One way we're helping reduce emissions.
Industry and power generation account for nearly two-thirds of global CO2 emissions. At ExxonMobil, we're collaborating on some of theto help reduce industrial emissions at scale.
Video: “Energy 2.0”: Secretary Granholm on the future of clean infrastructure and green jobs (MSNBC)
Overnight Health Care — Presented by March of Dimes — FDA advisers back first at-home COVID-19 pill
Welcome to Tuesday's Overnight Health Care, where we're following the latest moves on policy and news affecting your health. Subscribe here: thehill.com/newsletter-signup.Tomorrow, Roe v. Wade will hang in the balance as the Supreme Court hears arguments on Mississippi's 15-week abortion ban. Read our colleague John Kruzel's preview here. On the COVID-19 front, FDA advisers backed a treatment from Merck, but only narrowly. The vote came as experts work to determine how effective existing vaccines are against the new omicron variant of the virus.For The Hill, we're Peter Sullivan (firstname.lastname@example.org), Nathaniel Weixel (nweixel@thehill.
EPA issues mixed signals on biofuels
The Environmental Protection Agency (EPA) on Tuesday handed the oil and gas and biofuels industries mixed results in its program requiring biofuels to be blended into gasoline and diesel fuels.
The EPA proposed to reject all 65 requests it received from refiners for exemptions to biofuel blending mandates, but it also proposed lowering the total volume of biofuels required to be blended for the years 2020 and 2021.
The agency said it lowered the requirements to reflect what it saw as the actual rates of use.
The decision is expected to return blending credits to refiners, who could then use them to blend less in the future.
The biofuels issue pits two traditionally Republican constituencies - the oil and gas industry and farmers, whose products like corn are used to make biofuels - against one another.
"The administration also announced on Tuesday a separate boost for biofuel producers through the Agriculture Department.
It said it will make up to $700 million available in economic relief for the industry for pandemic impacts and add an additional $100 million to help increase the sale of fuels using higher blends of bioethanol and biodiesel.
Oil pipeline planned even as California moves away from gas
LOS ANGELES (AP) — A proposal to replace an oil pipeline that was shut down in 2015 after causing California's worst coastal spill in 25 years is inching though a government review, even as the state moves toward banning gas-powered vehicles and oil drilling. Consideration of the $300 million proposal by Houston-based Plains All American Pipeline is expected to enter a critical phase next year at a time when new scrutiny is being placed on the state’s oil industry after an offshore pipeline break in October near Huntington Beach.
Republicans were critical, but for differing reasons... "The Biden administration claims to care about addressing climate change but is giving big oil a huge break at the expense of the farmers in the Heartland who produce cleaner fuel. That doesn't add up," read a statement from Sen. Deb Fischer (R-Neb.), who represents a large agricultural constituency.
"The proposed requirements totally ignore congressional intent in the Clean Air Act to allow for waivers for small refiners facing hardship due to [Renewable Fuel Standard] mandates," Sen. Shelley Moore Capito (R-W.Va.) said in a statement. "This is more evidence of this administration's intent to destroy the oil and gas industry."
CROSS-COUNTRY EV CHARGING
A coalition of dozens of U.S. electrical utilities on Tuesday announced plans to collaborate on a charging network for electric vehicles (EVs) with a goal of charging ports along all major U.S. travel corridors by 2023.
The project, the National Electric Highway Coalition, consists of 51 investor-owned electric companies, one electric cooperative, and the Tennessee Valley Authority, according to an announcement from the Edison Electric Institute (EEI) trade group.
The coalition has not set a specific target for the number of charging ports but said its goal is to back the construction of enough for EV owners to travel major corridors "with confidence" by the end of 2023.
The announcement comes as EEI has projected that up to 100,000 new charging ports will be necessary to support an estimated 22 million EVs on the road by the end of the decade. This would represent a more than tenfold increase from the about 2 million currently on the road.
Overnight Health Care — Presented by AstraZeneca and Friends of Cancer Research — Court leaves Texas abortion ban, allows suits
Welcome to Friday's Overnight Health Care, where we're following the latest moves on policy and news affecting your health. Subscribe here: thehill.com/newsletter-signup.The U.S. and much of the world was unprepared for how bad the coronavirus pandemic was. The next one could be worse, and nations don't seem to be learning their lessons. The Supreme Court let the Texas abortion law stay in place, at least temporarily, in a move that has abortion rights advocates pessimistic about the future. But SCOTUS also gave abortion providers the right to file lawsuits challenging the law. For The Hill, we're Peter Sullivan (psullivan@thehill.
ON TAP TOMORROW
- The Senate Environment and Public Works Committee will hold a on a wildlife recovery bill
- The Transportation and Infrastructure Committee will hold a on reusing contaminated properties
A MESSAGE FROM EXXONMOBIL
WHAT WE'RE READING
- These Real Estate and Oil Tycoons Avoided Paying Taxes for Years,
- U.S. has 'understanding' with Germany to shut Nord Stream 2 pipeline if Russia invades Ukraine -congressional aide,
- Florida seeks to scuttle environmentalists' Piney Point lawsuit,
- Pa. GOP denounces state environment board's effort to join regional greenhouse emissions tax credit plan,
- Greenhouse gas emissions with income: study
- Biden approving oil, gas drilling permits on public lands at : analysis
- Navy of WWII-era fuel storage complex above Hawaii aquifer
- Transitioning tribes
- Schumer to move Biden agenda
- Mexico to Trump's tariff threat
And finally, something offbeat and off-beat:
That's it for today, thanks for reading. Check out The Hill's for the latest news and coverage. We'll see you tomorrow.
Annual Balance: MVV Energy raises the dividend to .
after a record year, the delivery problems of other suppliers bring MVV energy to new customers. High electricity prices increase the demand for solar systems, especially for corporate clients. © dpa The company has secured itself against price fluctuations on the energy markets. The listed Mannheim energy company MVV Energie has this day to celebrate: On Tuesday, the provider has submitted the best result of its company's history. Sales climbed 18 percent to 4.1 billion euros in the past fisca