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Despite Biden saying he is doing all he can to increase domestic oil production, his numerous actions beginning on his first day in office show the opposite. Clearly, his climate/tax bill (the so-called Inflation Reduction Act) hits the domestic oil industry in the back with massive fees and royalty increases. Even production on non-federal lands gets hit with […]
Power prices are expected to increase as the price of natural gas—the swing fuel for electric generation—increases to meet domestic and international demand. The Energy Information Administration (EIA) expects the natural gas price at the Henry Hub to average $9 per million Btu in the 4th quarter of 2022 and the residential electricity price to average 14.75 cents […]
The so-called Inflation Reduction Act contains new, very favorable incentives to attract additional investments in wind and solar power of over $270 billion in the next eight years for 155 gigawatts of new wind and solar capacity. The new law is expected to trigger 85 gigawatts of new onshore wind capacity by 2030, with total onshore wind capacity reaching […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss recent headlines and what reforms are needed for energy permitting versus what is likely in the Manchin reform bill with guest Mandy Gunasekara. Links: Karen Bass LA Mayoral Candidate Burgled Word Salad of the Day Follow Mandy Gunasekara on Twitter More from […]
Under a settlement agreement with environmentalists, Federal regulators will review oil and gas leases going back to 2019 to see whether their impact on climate change was properly addressed and to consider the social cost of greenhouse gas emissions in the analysis. The Biden administration agreed to review 56,000 acres of oil and gas leases in Montana and North Dakota issued by […]
Politicians and environmentalists claim an urgent need to reduce greenhouse gas emissions, but in reality, world coal demand for power generation continues to increase and carbon dioxide emissions from the electric sector continue to grow. In 2021, those emissions were 5.9 percent higher than in 2020. Over half the growth in electricity demand in 2021 was generated […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss the Biden administration’s continued rhetorical war on non-Democrats, updates on key midterm races, and the electrical grids crumbling around the globe under the weight of various renewable mandates. Links: Biden Speech Ursula von der Leyen: EU “Flatten the Curve” Liz Truss: UK […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss the Biden administration, and other regime politicians’ attempts to distance themselves from the consequences of their own policies. Links: 100 Ways Biden and the Democrats Have Made it Harder to Produce Oil & Gas Post Losing Money. NY Times will hire its […]
Europe’s electricity and natural gas prices are skyrocketing. European electricity prices are now the equivalent of $1,000 per barrel of oil. It is easy to blame Russia, and Russia’s actions deserve a lot of blame, but Europe has been warned for forty years by American presidents from Ronald Reagan to Donald Trump, that relying on […]
In the 1989 hit film, Field of Dreams, Iowa farmer, Ray Kinsella, hears a voice telling him, “If you build it, he will come.” In a totally irrational move, Ray plows under a chunk of his corn crop and builds a baseball field. Magic ensues. In DC, and around the world, the policymakers seem to […]