Gas Rationing To Return This Summer?
- 05/25/22
- IER
- Blog
Petroleum product shortages may be ahead as motorists, truck drivers, farmers and airlines are grappling with increasing demand for gasoline, diesel and jet fuel. Despite refiners focusing on diesel in lieu of gasoline this spring, a global diesel shortage is looming. Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline because refining oil into diesel or jet fuel is currently more profitable than making gasoline despite those fuels...
Continue Reading...
Biden Sends Tax Dollars Abroad While Shutting Down Mines At Home
- 05/24/22
- IER
- Blog
President Biden and his administration do not want to mine American-owned minerals on public lands . Rather, Biden wants to use American taxpayer funds. The Department of Defense asked Congress to let it fund facilities in these countries that process strategic minerals used to make electric vehicles and weapons. Existing law does not allow Defense Production Act funds from being used to dig new mines, but they can be used for processing equipment, feasibility studies and “upgrades” to...
Continue Reading...
Get Ready For Biden's Blackouts
- 05/20/22
- IER
- Blog
Americans can expect to see electricity shortages this summer as traditional power plants are being retired more quickly than they can be replaced by renewable energy and their required battery storage, the electric grid’s independent system operators warn. Power grids are straining as conventional power plants fueled by coal and nuclear are being retired for intermittent forms of energy such as wind and solar power that need back up from traditional plants or from battery storage. Wind...
Continue Reading...
Promises Made, Promises Kept: Biden's Illegal Attack On American Energy
- 05/19/22
- IER
- Blog
When someone tells you who they are believe them the first time.
In over 400 days of the Biden administration, President Biden has not held any legally mandated oil and gas onshore lease sales on Federal lands, and the only single offshore lease sale was invalidated by a federal judge, claiming that the sale did not appropriately consider climate change. The Biden administration has yet to challenge that court decision. Further, the Interior Department just announced it will not...
Continue Reading...
Biden Caused Higher Energy Prices, Congress Hopes You Won’t Notice
- 05/16/22
- Thomas Pyle
- Blog
This week, Democrats in the House of Representatives will try to misdirect voters about the source of high energy prices. Rather than taking on the policies of the Biden administration which are the actual cause of more expensive energy, the House will take up legislation about a phantom cause: “price gouging.” The bill, H.R. 7688, is named the “Consumer Fuel Price Gouging Prevention Act,” and it would give the President vast powers to set price controls to combat this imaginary...
Continue Reading...
Senators Seek Higher Energy Prices
- 05/11/22
- Thomas Pyle
- Blog
Is now the right time to increase energy prices with a new tax on energy?
Despite the fact that inflation is the highest it’s been in forty years and the U.S. economy contracted in the first quarter of 2022, Republican Senators Kevin Cramer, Lindsey Graham, and Bill Cassidy apparently think so. They’re plotting with Democrat Senators Joe Manchin, Chris Coons, and Sheldon Whitehouse (who’s never met an energy tax he didn’t like) to push for a new “carbon border adjustment”.
...Continue Reading...
Key Votes: Motions to Instruct
- 05/03/22
- AEA
- Blog
The American Energy Alliance urges all Senators to support the following motions to instruct conferees to the H.R. 4521 conference committee.
YES on Barrasso motion requiring the development of a new offshore leasing plan. The administration has taken no action to begin a new five-year leasing plan as required by law.
YES on Lee motion to discard extraneous green provisions passed by the House. These provisions are not relevant to a China competition bill and should not have been...
Continue Reading...
Costly Mandates From Biden Spiking Electricity Prices
- 04/21/22
- IER
- Blog
Americans can expect higher energy prices as U.S. electric utilities plan their biggest spending increases in decades to upgrade electric grids, preparing for increased demand from electric vehicles and making the transition to renewable energy. Utilities plan to spend tens of billions of dollars in the coming years to reduce carbon dioxide emissions, partly in response to state and federal mandates, and to replace infrastructure that cannot meet the needs of President Joe Biden’s energy...
Continue Reading...
Biden's Lease Sales Account for Less Than 0.01% Of Federal Land
- 04/20/22
- IER
- Blog
On Friday, April 15, President Joe Biden announced 144,000 acres of the federal mineral estate opened for oil and gas leasing—just 0.00589 percent of the 2.46 billion acres the American people own . Along with this announcement, Biden increased the rents on leased land and the royalties companies must pay on every barrel of oil and every cubic foot of natural gas produced. Of course, those increases will raise the price of domestically produced oil and therefore gasoline, diesel, natural...
Continue Reading...
Biden Exacerbates Auto Prices With New Mandates
- 04/14/22
- IER
- Blog
Last week, the U.S. Department of Transportation (DOT) released stricter fuel economy standards for automobiles, known as the Corporate Average Fuel Economy CAFE) Standards. The new CAFE standards require that the average new vehicle in the United States get 49 miles per gallon of gasoline by 2026. The new standards will require an increase in fuel efficiency of 8 percent annually for model years 2024 to 2025 and 10 percent annually for model year 2026. They will increase the estimated...
Continue Reading...