Increasing taxes on oil company profits will just discourage investment in new production and raise prices higher, hurting American consumers even more.
America’s reckless green energy policies evaluated.
The oil shortage was “manufactured” by the government, through price controls, not by the oil companies and their perfectly natural and praiseworthy desire to earn profits.
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.
For much of human history, the ability to do work was limited by human and animal muscle.
The Inflation Reduction Act is now the climate and tax bill because politicians no longer can claim that it reduces inflation.
While the wealthy G7 countries admonish the world’s poor to use only renewables because of climate concerns, Europe and the United States are begging Arab nations to expand oil production.
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.
After thwarting the oil industry by banning pipelines and new oil and gas leases after his inauguration, Biden’s recent proposals are watered-down varieties of the failed policies that created the multiple gas crises that rocked the nation in the 1970s.
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).
Contrary to the dominant narrative, abandoning fossil fuels would turn the global energy crisis into a true human catastrophe.
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.
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.
we have deep and abiding question marks surrounding how much harm we can credibly attribute to each ton of greenhouse gas emissions.
“In the first three years, it worked well and people were using it. But after three years the batteries were exhausted and it was never repaired.”
The consequences of massively building wind turbines and solar panels, while forcing the closure of fully-operational power plants burning coal, oil and natural gas is dire.
Under the Trump administration, the United States became energy independent—a goal that U.S. governments wanted to reach for decades. The Biden administration’s anti-oil and gas policies are undoing these gains.