Biden Takes Another Swipe At Offshore Energy

On April 15, Biden’s Interior Department’s Bureau of Ocean Energy Management (BOEM) finalized a new rule requiring federal offshore oil and natural gas leaseholders to provide an estimated $6.9 billion in additional financial assurances to cover offshore decommissioning costs. The goal of the financial assurances is to limit the number of abandoned wells in the Gulf of Mexico’s Outer […]

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Biden Announces Diesel Truck Ban On Good Friday

On March 29, 2024, Good Friday, Biden’s Environmental Protection Agency (EPA) rolled out its new electric truck mandate, which will require that electric semi-trucks make up an increasing share of manufacturer sales from 2027 through 2032, similar to its recent rule for passenger cars. EPA’s rule would effectively require electric models to account for 60 percent of new urban delivery trucks […]

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Biden’s Offshore Wind Projects To Cost Double Initial Estimates

The cost to consumers of two offshore wind projects expected to support New York’s self-imposed climate goals has more than doubled from their original estimates, which were high to begin with. Developers had threatened to cancel their offshore wind projects without higher prices, citing inflation, supply chain challenges and rising costs driven by the pandemic, Bidenomics […]

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EV Hypocrites At Home And Abroad

Supposedly, the reason for switching to electric vehicles from gasoline-powered vehicles is to reduce carbon dioxide emissions by using less gasoline and thus oil. However, a country that was way ahead of the United States in the transition to electric vehicles found that its oil demand did not decline from EV use despite electric vehicles making up 64 […]

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