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...

Governor Youngkin rejects unnecessary regressive energy tax.

WASHINGTON DC (08/31/2022) – This morning, the Youngkin Administration in Virginia reaffirmed its commitment to exiting the Regional Greenhouse Gas Initiative (RGGI). Acting Secretary of Natural and Historic Resources, Travis Voyles, appeared in front of a meeting of the State Air Pollution Control Board to reiterate the Governor’s commitment to exiting the program, and to doing so in a manner that maintains...

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 be hearing a voice encouraging a twist on this craziness, “If you destroy them, it will come.”

In this energy-policy script, the transition to clean, abundant, affordable, renewable...

Senator Joe Manchin is seeking a bill on permitting reform this fiscal year that could help accelerate wind- and solar-power projects as well as pipelines for oil and gas. Utility energy projects such as power transmission lines and offshore wind farms as well as oil and gas pipeline projects can be delayed for years and costs increased due to opposition from environmentalists and court challenges. Building a power line spanning several states, for example, can now take about a decade , up...

On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss the recent primary election results, Biden's latest antics, and the level of sacrifice required to produce the world's greatest tomatoes. Tom and Mike also sit down with Liz Bowman of the American Exploration & Production council to talk about all things shale production.

Links:

• AXPC
• Biden Cancels Student Debt
• Warren Clip “Of course Not”
• Biden’s Bribe To End After Midterms

Mexico’s newest oil refinery is not yet operational since it is behind schedule and over budget, but President Andrés Manuel López Obrador announced the refinery as a centerpiece to his goal of securing Mexico’s energy independence, which President Trump had secured for Americans in 2019 and which President Biden is destroying through his energy and climate policies. Mexico is ignoring (as are China, Russia and India) President Biden’s goals of ending the use of oil and natural gas ,...

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...