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On this episode of The Unregulated Podcast Tom Pyle and Mike McKenna discuss the Biden administration’s monetary policy and its impact on the price of energy and everything else. Links: AEA to Congress: Just Say No to President Biden’s Reckless Budget Proposal Biden Blocks ‘West Virginia Sized’ Piece of Alaskan Land From Development American Energy […]
President Biden is planning to harm the domestic oil and gas industry and make them less globally competitive despite asking them to produce more energy. Biden’s budget proposal for fiscal year 2024 is for the astounding amount of $6.9 trillion and includes withdrawing tax deductions from oil and gas businesses that other manufacturing entities receive and would […]
The Biden administration announced major restrictions on offshore oil leasing in the Arctic Ocean and across Alaska’s North Slope supposedly to temper criticism from environmentalists over a pending decision on an oil drilling project in Alaska’s National Petroleum Reserve known as Willow and to form a “firewall” to limit future oil leases in the region. The […]
The Energy Information Administration (EIA) reported that interstate natural gas pipeline capacity additions reached a record low in 2022 based on data collected since 1995. In 2022, 897 million cubic feet per day of interstate natural gas pipeline capacity was added from five projects, according to EIA’s latest State-to-State Capacity Tracker, which contains information on the capacity of […]
Nationwide, wholesale natural gas prices have fallen about 50 percent since the end of October. But, the opposite trend has emerged in California, where prices have risen 63 percent. Colder weather increased demand while maintenance on an interstate pipeline reduced supply. That along with reduced natural gas inventories in the region made for a very tight natural gas […]
On February 7, 2023, in his state of the union address, President Joe Biden stated, “Here at home, gas prices are down $1.50 a gallon since their peak.” While the statement is true, he fails to indicate that they are still almost a dollar higher than when he took office on January 20, 2021. And according […]
A recent study by the Anderson Economic Group found the cost to fuel certain electric vehicles to be higher than similar gasoline-powered cars for the first time in 18 months. In the fourth quarter of 2022, drivers fueling a typical mid-priced Internal Combustion Engine (ICE) car paid $11.29 to fuel their vehicle for 100 miles of driving. That […]
Joe Biden’s administration and certain elements in Congress have a plan for American energy: make it harder to produce and more expensive to purchase. Our friends at the Institute for Energy Research have shown the juxtaposition between the administration’s words and deeds on this topic in their latest video short. Since Biden took office, his […]
Biden’s Department of Energy will not be refilling the nation’s emergency reserves, the Strategic Petroleum Reserve, any time soon as the agency has rejected bids received for the February fill since the bids are above $70 a barrel. Today’s price for Texas Intermediate oil is $75.87 a barrel. Biden depleted the emergency oil reserve of 260 […]
Coal generation worldwide is expected to increase to a new record in 2022, driven by robust coal power growth in India and the European Union and by increases in China. In Europe, high natural gas prices led to fuel switching to coal in electricity generation. However, both natural gas and coal generation increased due to […]