Abruptly decreasing domestic production of fossil fuels and shuttering of coal and nuclear plants have put Europe is an energy crisis exasperated by Russia’s invasion of Ukraine and its reduction of energy exports to Europe.
Institute for Energy Research
France’s aging nuclear power plants that are keeping the lights and heat on—not wind and solar power that are at the mercy of the weather.
Increasing taxes on oil company profits will just discourage investment in new production and raise prices higher, hurting American consumers even more.
Biden is continuing with his anti-oil and gas policies that he began on his first day in office.
Gasoline prices in California are at record highs and more than $2.50 a gallon higher than the national average.
The Biden administration is worried that OPEC+’s action will be a detriment to Democrats during the mid-term election and is likely to counter with more SPR releases, putting the United States in severe jeopardy of a national emergency with the Strategic Petroleum Reserve so decimated.
California Does Not Have Enough Power to Deal with Its Heat Wave, How Will It Meet Its New Rules for Electric Vehicles?
California is having trouble keeping the lights on during the upcoming heat wave. So, it is unclear how the state intends to find reliable electricity to fuel the massive numbers of electric vehicles being forced on California’s new vehicle sales.
The fact that Western Europe decided to rely on solar and wind power and Russia to supply natural gas, rather than producing their own is causing severe economic pain that is expected to last several winters.
The Inflation Reduction Act is now the climate and tax bill because politicians no longer can claim that it reduces inflation.
Bad energy decisions in Germany are yielding bad results for Germans. Americans should be aware that recent government actions here on energy are pointing results in the same direction.
Europe’s move toward decarbonization 30 years ago has resulted in skyrocketing energy prices, the need for severe conservation, possible rationing that could shut down entire industrial sectors and likely future blackouts.
It’s great to see the White House recognize that increased oil production leads to lower prices. Their math, shows that increased domestic oil production has saved $2 trillion since 2008 and currently about $2 a gallon at the pump.
Senator Joe Manchin, in a 180-degree about-face, agreed on a slimmed-down version of President Joe Biden’s Build Back Better bill that will increase corporate taxes; provide tax credits, grants and incentives to politically correct “clean” energy technologies such as wind, solar and electric vehicles; and seek to reduce greenhouse gas emissions, among other Green New Deal and climate initiatives.
The demands that Federal Energy Regulatory Commission (FERC) is placing on pipeline developers is significant and with no timeline, the uncertainty created is delaying new projects that are needed for both export and domestic purposes at a time when the administration is using every tool in its “whole of government” approach to make domestic energy harder to finance, produce, transport and consume.
It is not enough that China is buying Russian oil at a discount due to western sanctions put on Russia because of its invasion of Ukraine, but now President Biden’s Department of Energy is selling China oil from the U.S. Strategic Petroleum Reserve (SPR).
If the federal government is going to take action regarding climate change, that action will have to come from Congress.
Chevron CEO Mike Wirth does not expect another oil refinery to be built in the United States ever again, due to federal government policies.
Despite the United States having vast uranium resources, more than 90 percent of the uranium used in the United States is imported. Further, the United States no longer has an operating enrichment plant. As a result, the U.S. relies on Russia and its allies Kazakhstan and Uzbekistan for almost 50 percent of its enriched uranium needs.
Europe’s energy shortages – exacerbated by Russia’s invasion of Ukraine – were originally caused by low wind resources, increased demand from COVID lockdowns, and cut backs of natural gas by Russia. Despite putting Europeans in energy poverty, the EU and UK are keeping to their energy transition rushing into wind and solar power, rather than using domestically produced oil, natural gas, and coal.
Biden’s attempt to double renewable capacity on federal lands may fail due to his over-zealous actions to stop new oil and gas development.
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