Biden’s climate and tax bill, the so-called Inflation Reduction Act, and last year’s infrastructure law will supposedly cut emissions by 40 percent by 2030—close to Mr. Biden’s goal of cutting emissions roughly in half by then, according to Biden’s Department of Energy. To close the gap between DOE’s estimates and Biden’s promises, the White House intends to pursue new regulations  through the Environmental Protection Agency (EPA). The new climate and tax bill provides billions...

President Biden is depleting the U.S. Strategic Petroleum Reserve (SPR), which is currently at its lowest level in 37 years. On July 26, 2022, the U.S. Department of Energy announced an emergency sale from the reserve of up to 20 million barrels, which will go through the end of October, just prior to the mid-term election in November. And, along with that announcement, Goldman Sachs revised its forecast for gasoline prices upward to $5 a gallon  by the end of the year. Previously, its price...

On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss the bizarre talking points coming from the Biden administration regarding the recently passed reconciliation bill, and the big winners and losers from the bill's provisions.

Links:

• Liz, you're fired...
• Bill Gates lobbys Manchin
• Old Trump Tweetz
• EDV Tax Credit Details
• EV giveaways in the Manchin bill
• Manchin's big "deal"

Europe’s move toward decarbonization 30 years ago has resulted in skyrocketing energy prices, the need for severe conservation, possible rationing that could shut down entire industrial sectors and likely future blackouts. It is the result of the continent moving to unreliable and intermittent renewable energy before it was ready to replace fossil fuels and being overly dependent on Russia for natural gas—the backup fuel to renewables. European countries have closed coal and nuclear...

A federal judge reinstated a moratorium on coal leasing  from federal lands that had been implemented during the Obama administration and was lifted under President Donald Trump. The ruling from U.S. District Judge Brian Morris requires government officials to conduct a new environmental review prior to resuming coal sales from federal lands. According to the judge, the government’s previous review of the program had not adequately considered the impacts of climate change from coal’s...

Billions in handouts and subsidies for corporations and other special interests.

WASHINGTON DC (08/16/2022) – Today, President Biden is returning to the White House to sign the Inflation Reduction Act, a spending package that Democrats pushed through Congress using the budget reconciliation process. The bill will cost an estimated $437 billion, with $369 billion allocated for investments in what Democrats are calling "energy security and climate change."

The bill is full of...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the ongoing drama surrounding Joe Manchin's inflation bill and the details coming about regarding the FBI raid of Mar-a-Largo.

Links:

• Rubio on FBI raid
• Kamala Casts the Deciding Vote
• Bernie “Minimal Impact” on Inflation
• "No New Audits." And yet the Dems defeated an amendment that would have codified it.
• Government Motors
• Congress is Broken. It can be fixed. McKenna Column

Senator Manchin said that Democratic leaders had “committed to advancing a suite of commonsense permitting reforms this fall that will ensure all energy infrastructure, from transmission to pipelines and export facilities, can be efficiently and responsibly built.” With that promise, Manchin agreed to the “Inflation Reduction Act” that recently passed the Senate along party lines. But since then, 47 of his fellow Democratic Senators rejected a permit streamlining measure. The  Senate...

The American Energy Alliance urges all members to oppose H.R. 5376, the 2022 budget resolution reconciliation legislation.

The reconciliation package is filled with new taxes and spending that are bad policy at any time, but especially dangerous at a time of high inflation and with the economy tipping into recession. As multiple independent analyses show, this legislation will not reduce inflation despite the title adopted by its proponents. More government spending, more subsidies, and...

According to the University of Pennsylvania’s Wharton school , “The Inflation Reduction Act of 2022” championed by Senator Manchin and Senator Schumer likely would not reduce inflation at all. The study, from the Penn Wharton Budget Model, estimates the proposed bill would cause inflation to ‘very slightly’ rise until 2024 then possibly decline after that. Overall, the researchers indicate that there is “low confidence that the legislation will have any impact on inflation.”...