Biden's Holiday From Reality
- 06/23/22
- IER
- Blog
President Biden is grasping at straws to reduce gasoline prices because he refuses to let the American people have access to oil and gas on their lands or modify regulations to encourage new refineries to be built. Instead, he has asked Congress to pass a gasoline tax holiday lifting the 18.4 cent federal tax on a gallon of gasoline and the 24.4 cent tax on a gallon of diesel through the end of September, which he hopes will make Americans vote for his favored people this November. Biden...
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Supply Chain Woes Pour Cold Water On Biden's Green Dreams
- 06/21/22
- IER
- Blog
Over a dozen battery storage projects that were meant to support intermittent renewable energy supplies have been postponed, canceled or renegotiated due to labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry. The delays, ranging from several months to a year, are in a number of states including California, Hawaii and Georgia, with battery providers Tesla and Fluence warning of disruptions to supply. The battery projects are needed to...
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Watch Rep. Rho Khanna Backtrack on Domestic Oil Production
- 06/17/22
- AEA
- Blog
Many leading Democrats in Congress, including Rep. Rho Khanna, ran for office promising to end domestic production of natural gas, oil, & coal. Back in October of last year, he praised oil companies for decreasing oil production in Europe and asked if they were embarrassed because they were increasing production in the United States.
Now Rep. Rho Khanna is singing a different tune and wants to make sure everyone knows that he now wants to distinguish between the long-term and the...
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Biden's SPR Releases Help China Stockpile More Oil
- 06/17/22
- IER
- Blog
China is surpassing the United States this year as the world’s largest refiner as government climate goals and regulation cause U.S. refiners to close facilities. China is expected to have 18.81 million barrels per day of refining capacity while the United States has 17.7 million barrels per day of operating refinery capacity and about 0.4 million barrels per day of idled capacity. While additional refinery closures are expected in the United States, China is expected to add capacity,...
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Biden's War On Coal Sends American Energy To China
- 06/16/22
- IER
- Blog
Together, China and India are planning to increase their domestic coal production by a total of 700 million tons per year. That increase is about 100 million tons more than the total coal production expected in the United States this year of 600 million tons. U.S. coal production today is about half of its high in 2008 of 1.17 billion tons. In 2021, however, coal production increased due to increased demand from rising natural gas prices and increased exports. U.S. coal exports increased 23...
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Biden Rolls Back Another Trump Era Reform
- 06/09/22
- IER
- Blog
President Biden’s Environmental Protection Agency (EPA) proposes to restore authority to states and tribes under Section 401 of the Clean Water Act to veto gas pipelines, coal terminals and other energy projects, reversing a Trump administration rule that had curtailed that power. Prior to 2020, the Clean Water Act gave states and tribes the ability to review federal permits for industrial facilities and block projects that they said might affect water quality within their borders....
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Biden Weaponizes EPA To Attack Miners & Make Ensure Dependency On China
- 06/08/22
- IER
- Blog
The Pebble copper and gold mine, 100 miles from Bristol Bay, Alaska, is being dealt a death blow by President Biden’s Environmental Protection Agency (EPA). Citing its authority under the 1972 Clean Water Act, EPA proposed a legal determination that would ban the disposal of mining waste rock in the Bristol Bay watershed. The proposal would create permanent protections for the waters and wildlife of Bristol Bay—about 200 miles southwest of Anchorage. It would prohibit disposing...
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Biden's Latest PR Stunt Only Worsens Gas Prices
- 06/06/22
- IER
- Blog
Both oil and gasoline prices increased after each and every time President Biden announced the release of oil from the Strategic Petroleum Reserve. Biden clearly does not understand the oil industry, as his actions have resulted in price increases rather than the decreases he predicted. He continually blames the increases on everyone else but his administration is following his own executive orders. By now, it would seem he would realize that he needs expertise from someone knowledgeable...
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Supply Chain Reality Crashes Biden's EV Agenda
- 06/03/22
- IER
- Blog
Automakers are raising prices on their electric vehicles due to rising commodity costs, specifically for key materials needed for EV batteries. According to the International Energy Agency, while battery costs have been declining for a decade, EV battery costs are expected to increase 14 percent this year to $150 per kilowatt hour. Another firm expects the demand for battery minerals over the next four years to increase the price of EV battery cells by more than 20 percent on top of ...
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Will Europe Learn From Its Most Recent Energy Crisis?
- 06/02/22
- IER
- Blog
Did Vladimir Putin awaken the West from its dangerous and reckless sprint to renewable energy? Are they realizing that the world needs all forms of energy? Diversity of supply was once an important message for energy security, but diversity of supply no longer is mentioned. However, some overtures seem to be baby steps in the right direction:
- U.S. LNG exports are gaining American interest,
- Europe is talking about drilling in the North Sea,
- California may keep its Diablo Canyon nuclear...
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