WASHINGTON DC (03/31/2023) – Today, the House of Representatives passed H.R. 1, the Lower Energy Costs Act.

AEA President Thomas Pyle issued the following statement:

The American Energy Alliance urges all members to vote YES on amendments 10, 11, 12, and 13 and vote NO on amendment 26 offered to H.R. 1 the Lower Energy Costs Act.

YES: Palmer-Lesko amendment #10 would ensure that consumer choice in appliances is not arbitrarily constrained. Despite denials from the White House, various parts of the bureaucracy continue to advance proposals that would ban functionally all gas powered stoves. Congress can definitively end this threat with a simple vote.

Expensive electricity rates are making home battery charging a headache and outside of the home , inconsistent and sometimes high pricing policies, frequently broken equipment, and a lack of battery chargers in key locations for all but Tesla drivers is frustrating electric vehicle owners. Inflation and intermittent renewable energy (wind and solar power) are escalating electricity rates, making EV home charging a frustrating experience for some drivers, particularly those in blue states...

Minor damage to an electric vehicle battery pack can lead to the entire car being totaled, leaving the expensive battery packs piling up in the scrapyard and causing higher insurance premiums. With no way to repair or assess slightly damaged battery packs after accidents, electric vehicles can lose up to 50 percent of their price, rendering it uneconomical to replace them, as batteries are the most expensive component of electric vehicles costing many tens of thousands of dollars.

In...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the prospects for major banking institutions in the face of government meddling, the moving goalposts of the anti-stove agenda, and where the latest trillions in government spending have all gone.

Links:

• IRA: $1.2 trillion
• WSJ: EV Unit will lose $3B
• Randy Johnson Bird Video

China’s efforts to ramp up lithium extraction could see it accounting for nearly a third of the world’s supply by the middle of the decade. Chinese-controlled lithium mines, including those in Africa, are expected to increase output to 705,000 tons by 2025, from 194,000 tons in 2022—almost quadrupling  the amount of its global supply and lifting China’s share of the critical mineral to 32 percent of the world’s supply, up from 24 percent last year. Further, over the next two years,...

A recent article in the Wall Street Journal, “The Energy Industry Prepares for Upheaval at the Gas Station,” points toward a big problem ahead regarding electric vehicle (EV) recharging. 

“Electric vehicles are a small but growing share of cars on the road,” Carol Ryan begins her article. “Energy companies already need to prepare for how they will change the gas station.” Why the upheaval?

"A customer refueling a conventional car spends five to six minutes on average near...

The U.S. House of Representatives released its energy bill, H.R. 1, the Lower Energy Costs Act  which will increase the production and export of American energy and reduce the regulatory burdens that make it harder to build major infrastructure in the United States through comprehensive permitting reform. The Lower Energy Costs Act will also expedite critical mineral mining, streamline manufacturing, and make it easier to transport and export American natural gas by repealing the natural gas...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the Biden administration's monetary policy and its impact on the price of energy and everything else.

Links:

• AEA to Congress: Just Say No to President Biden’s Reckless Budget Proposal
• Biden Blocks ‘West Virginia Sized’ Piece of Alaskan Land From Development

President Biden is planning to harm the domestic oil and gas industry and make them less globally competitive despite asking them to produce more energy. Biden’s budget proposal for fiscal year 2024 is for the astounding amount of $6.9 trillion  and includes withdrawing tax deductions from oil and gas businesses that other manufacturing entities receive and would harm the small mom-and-pop companies whose production is critical for meeting demand. Biden’s proposal claims that eliminating...