President Biden’s Environmental Protection Agency (EPA) has proposed a new estimate for the social cost of carbon emissions  that nearly quadruples the interim figure from the Obama Administration. The Biden administration has been using the Interagency Working Group’s interim value of $51 per metric ton of carbon dioxide, but EPA has proposed increasing it to $190. Agencies use the number in their analyses of the costs and benefits of climate regulation on sources ranging from power...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the next moves for the Republican majority in the House of Representatives, Biden's inflation problems, and more headlines from a busy week.

Links:

• Gov. Ron DeSantis asked about a "GOP Civil War"
• Qatar Beer Ban
• Deese out at the White House

If the United States is to reach President Joe Biden’s 2050 net zero carbon economy goals, it will need to increase its electricity generation capacity by as much as 480 percent to comply with the Paris Climate Accord. According to a recent report, firm capacity should increase by 300 to 400 gigawatts from today’s level of 850 gigawatts and intermittent wind and solar capacity should at least quadruple  from the current 200 gigawatts. The study, jointly released by the Electric Power...

“No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant,” Biden said at a recent event touting his administration’s economic policies in Carlsbad, California. He continued to tout: “We’re going to be shutting these plants down all across America and having wind and solar.” But, the facts are: In 2021, the United States generated 21 percent of its electricity from coal—almost ...

At the 2022 United Nations Climate Change Conference (COP27), climate issues relating to Africa took center stage. Uganda President Yoweri Museveni noted  the “brazen double standards” of Europe’s climate process “hypocrisy.” ”The Ugandan leader characterized the Western nations’ agreement to allow some fossil energy investment while blocking Uganda’s rights to retrieve oil and gas for itself as the “purest hypocrisy.” Europe claims that its recent investments in fossil...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the midterms and what the pending results mean for the rest of the Biden presidency and 2024.

Links:

• Mike McKenna - Washington Times - Election Day Winners and Losers

COP27 began in Egypt over the weekend, as about 200 nations meet to supposedly agree on climate policy. The Conference of the Parties of the UNFCCC, or COP27, is the 27th United Nations Climate Change conference and this year is being held in the luxury resort town  of Sharm El Sheikh, Egypt. Global greenhouse gas emissions have increased since last year’s Glasgow climate conference, exceeding their pre-pandemic levels. A recently released United Nations report shows global emissions on...

On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the final stories shaping the upcoming midterm elections.

Links:

• The Crude Oil Windfall Profit Tax of the 1980s: Implications for Current Energy Policy
• A Windfall Profits Tax: Energy Policy for Dummies
• Eversource CEO seeks emergency order by Biden to ensure gas supplies as New England winter approaches
• How much alcohol is too much? Dr. Narula reports on new study
• Netanyahu on course to lead Israel’s most...

The Energy Information Administration indicates that U.S. oil production is nearing pre-pandemic levels, but President Biden wants to ruin that by placing a “windfall profits” tax on oil company profits. “Their profits are a windfall of war ,” Mr. Biden said, referring to the Russian invasion of Ukraine as the reason for high prices for oil and gasoline. Biden could easily increase domestic oil production by changing his anti-oil and gas policies that began on his first day in...

WASHINGTON DC (11/02/2022) – Joe Biden and Congressional Democrats have a plan for American energy: make it harder to produce and more expensive to purchase. Since President Biden took office, his administration and Congressional Democrats have taken over 125 actions deliberately designed to make it harder to produce energy here in America.

A PDF of the full list is available to download here.

AEA President, Thomas Pyle, issued the following statement: