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 nearly 280 gigawatts by the end of the decade from about 140 gigawatts expected by the end of this year. The additional investment in...

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 IWF on energy
• RFS EPA Article
• Renewable Fuel Standard Policy Brief
• Biden’s Climate/Tax Bill to Substantially Increase U.S. Wind and Solar Installations

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 the Trump administration in 2019 and 2020. Federal law requires agencies to consider climate change in their...

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 by coal, with non-hydro renewable energy providing just 32 percent. So, overall growth in global electricity demand in 2021 was...

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 Fracking
• FT August 29th Companies Attack Texas of “politicized” ESG Blacklist
• California Does Not Have Enough Power to Deal with...

Last week, the California Air Resources Board (CARB), an unelected regulatory body, announced a plan to try to force the state’s car fleet to change over to electric vehicles. The plan seeks to ban the sale of new purely hydrocarbon-fueled cars in California by the year 2035. The plan will be very expensive, is completely impractical, and is certain to fail, as even CARB seems to acknowledge by reserving the right to amend the targets if the market fails to respond to their diktat. The...

Last week, the California Air Resources Board (CARB), an unelected regulatory body, announced a plan to try to force the state’s car fleet to change over to electric vehicles. The plan seeks to ban the sale of new purely hydrocarbon-fueled cars in California by the year 2035. The plan will be very expensive, is completely impractical, and is certain to fail, as even CARB seems to acknowledge by reserving the right to amend the targets if the market fails to respond to their diktat. The...

Last week, the California Air Resources Board (CARB), an unelected regulatory body, announced a plan to try to force the state’s car fleet to change over to electric vehicles. The plan seeks to ban the sale of new purely hydrocarbon-fueled cars in California by the year 2035. The plan will be very expensive, is completely impractical, and is certain to fail, as even CARB seems to acknowledge by reserving the right to amend the targets if the market fails to respond to their diktat. The...

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 climate reporters
• California Cars Newsom
• Who is the real threat, Biden or Republicans?

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 Russia for energy is dangerous.   

But Europe’s problem is not just Russia. Europe has placed little value on the reliability of the grid (without...