California, the seventh-largest U.S. oil producer, has put a near halt on issuing permits for new oil and gas drilling this year. The state’s Geologic Energy Management Division has approved seven new active drilling well permits in the first half of 2023 , which compares with over 200 it had issued by this time last year. The delay in approvals is due to California’s progressive environmental laws and standards against fossil fuels despite its role as a major oil producer and a major...

New car prices are up 25 percent under Biden’s Presidency and they will likely increase further as Biden’s proposed auto efficiency standards will increase automakers’ production costs. In 2018, there were a dozen new car models that sold for less than $20,000, but in 2023, there was only one: the Mitsubishi Mirage, which accounted for about 5,300 of the 7.7 million new vehicles sold  in the United States in the first half of the year and is scheduled to go out of production in two...

Biden’s Department of Energy (DOE) has projected that President Biden’s infrastructure bill and his Inflation Reduction Act will save Americans up to $38 billion  on electricity costs over the remainder of the decade, using a version of the Energy Information Administration’s (EIA) National Energy Modeling System (NEMS). Despite EIA being part of the DOE, EIA was not asked to perform the analysis using NEMS. That was likely due to the spurious assumptions used by the DOE, as explained...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the first Republican presidential primary debate, inflation, smart cars, and the latest coming from the Fed and Wall Street.

Links:

• Brits don’t like those cameras
• Some Golfers are Smart
• WSJ: Car Prices Unsustainable for Buyers
• Masks are back CBS
• Digital Currency?
• Stranded Carbon Credits

Hawaii, like California, has pushed electric utilities to invest in renewable energy, rather than maintaining their current transmission lines and ensuring that brush would not affect their operations. Now that Maui has had a fire that has killed over 100 people and cost tens of billions of dollars in property losses, blue state politicians and liberal newspapers like the New York Times have blamed the wildfires on climate change. Hawaii’s Democratic Governor Josh Green repeatedly...

Europe’s plan to slash carbon emissions and reach net zero carbon by 2050 is seeing a backlash as the spiraling cost — both political and economic — needed for the transition is becoming clearer to Europeans. Wind and solar projects are now getting more scrutiny with Siemens indicating huge costs to fix operational problems. A new offshore wind project in the North Sea was canceled due to high costs and the negative effects on the environment  it would create. French President Emmanuel...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss bumbles from Biden and co. this week, the Maui wildfire, and the latest ups and downs from the 2024 presidential contest.

Links:

• US Mortgage Rate Climbs to 7.16%, Matching Highest Since 2001 Bloomberg
• Manchin…
• LA Times: Despite climate goals, California will let three gas plants keep running
• Washington Times Commentary: Tim Constantine Renewable energy policies fueled by lies, pixie dust and your money
• Trump...

WASHINGTON DC (08/17/2023) – The American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, has joined a coalition of free-market organizations working to save taxpayers from runaway Washington spending on green corporate welfare found in the so-called "Inflation Reduction Act."

AEA President Thomas Pyle issued the following statement:

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the latest "rebrand" for the green movement, Biden's most recent moves against domestic energy and mineral production, and some fun headlines from a busy week in Washington.

Links:

• Renewable Energy Still King of Pork
• No New Drilling: The Courts Overruled Me
• Biden: We’re Paying People
• Biden Locks up Uranium Mine
• Biden’s NEPA Reform
• Volcano, El Nino, Cleaner Burning Ships… Chattanooga Times Free Press
• National...

The Biden administration is proposing to tighten energy efficiency standards for new residential water heaters--the second-largest energy-using appliances in most households. Heating and cooling are the largest residential use of energy with water heating accounting for about 13 percent of both annual residential energy use and consumer utility costs. If finalized, the proposal would take effect in 2029 . Under the Department of Energy’s proposal, the most commonly-used electric water...