Inflation Fueled Recession Causes Drop In Gas Prices
- 07/28/22
- IER
- Blog
Inflation and demand destruction have slashed gasoline demand to the point that gasoline prices have dropped radically from their $5.016 a gallon high. AAA reported that as of July 26, gasoline prices in the United States were averaging $4.327 per gallon, which is still 37 percent higher than a year ago and over 70 percent higher than when President Biden took office. Driving those lower prices that President Biden wants to take credit for is primarily demand destruction, which refers...
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Europe Looking For Options After Destroying Domestic Energy Production
- 07/26/22
- IER
- Blog
Europeans are learning slowly. The Nord Stream 1 scare that Russia would not restart natural gas flowing in the pipeline after its planned annual maintenance has put Europeans, and particularly Germans who heat half their homes with gas and use it for electricity generation and in critical industrial applications, on edge. Russia is clearly using natural gas as a weapon due to the European Union’s military involvement and issuing sanctions against Russia due to its invasion of Ukraine....
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Biden's Actual Emergency
- 07/22/22
- IER
- Blog
With one-third of the United States sweltering under severe summer heat warnings, President Biden is doing nothing to ensure adequate electricity capacity and sufficient natural gas and coal availability to keep generators operating under the large demand for air conditioning. Texas, with the largest wind capacity among the U.S. states, is calling for energy conservation to avoid rolling blackouts as wind resources have dropped due to the intense heat. Instead, Biden is considering...
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If The Democrats’ Climate Change Agenda Is Too Radical Even For Moderate Republicans, It’s Too Radical For America
- 07/20/22
- Thomas Pyle
- Blog
Last Thursday, Senator Manchin announced that he was unwilling to move forward on the Democrats' climate legislation until he saw the next round of inflation numbers. Even though his statement explicitly left open the possibility of Manchin agreeing to some climate-related funding in the fall, Democrats and environmental activists descended into fury and sadness.
Senator Ed Markey tweeted, “Rage keeps me from tears.”
Senator Martin Heinrich tweeted , “Senator Manchin’s...
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Has Everyone At The White House Lost Their Minds?
- 07/15/22
- IER
- Blog
Has anyone told President Biden that fossil fuels made up 82 percent of the world’s energy and 79 percent of U.S. energy in 2021? Has anyone told him that Europe is using more coal because Russia is reducing its natural gas supplies to Europe? Has anyone told him that Europe’s energy crisis first started with low levels of wind, requiring more fossil fuels to meet electricity demand? Does he care that there are riots in the world due to escalating inflation , caused in part due to high...
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What Does Joe Biden Have Against Domestic Oil Production?
- 07/15/22
- Thomas Pyle
- Blog
President Biden wrote an op-ed in the Washington Post to stress that he isn’t going to beg for oil. In fact, the op-ed hardly mentions energy at all. The Biden White House, however, has begged OPEC+ for more oil for the last year, the high price of gasoline is the number one issue for likely voters, and voters are blaming Biden for high gasoline prices. Of course, energy is an important part, or even the most important part, of Biden’s trip to the Middle East.
Reading Biden’s op-ed...
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More Details From Biden's Oil Sale To China
- 07/14/22
- IER
- Blog
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)—a source that is meant for national emergencies that Biden has been depleting since last November in hopes to lower gasoline prices that have been escalating due to his energy policies.
The SPR was established by the 1975 Energy...
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Democrats Are 'Working Like the Devil' to Raise Gas Prices
- 07/11/22
- Thomas Pyle
- Blog
As talks intensify on the once ambitious “Build Back Better” reconciliation measure, the conversation has shifted towards how to pay for a slimmer, but no less disruptive package of subsidies for wind, solar, electric vehicles, and other non-energy related measures. The Democrats would be satisfied to raise corporate taxes. Some in the business community, however, are rumored to be lobbying the Democrats to tax energy instead. Enter S. 2378, a proposal by Senator Chris Coons (D-DE) to...
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Setting The Story Straight On Energy
- 07/07/22
- AEA
- Blog
The Biden administration has recently called on America's natural gas and oil companies to invest billions of dollars into increasing production, BUT at the same time, President Biden and his cronies are promising to run them out of business in the next few years!
It's time for Biden to get his story straight on American energy production.
Use the tools below to send a message to the White House demanding Biden abandon his failed...
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Biden Buries Restrictive Lease Plan Under Holiday Weekend
- 07/06/22
- IER
- Blog
President Biden’s Department of Interior released its draft offshore lease plan late on July 1—just before the Fourth of July holiday, as American families were paying historically-high gasoline prices for their travels. The plan is required by law and a final plan was due by June 30, when the current plan ended. The draft plan lays out several options for public input regarding the number of offshore oil and gas lease sales that should be held over the next five years, ranging from ...
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