Joe's plan vs. reality

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DAILY ENERGY NEWS | 06/03/2022

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Who is Joe getting his talking points from? The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.

"Unleashing our energy sector by ending the war on fossil fuels is the solution to the energy crisis. But rather than put a pause on his administration’s war on affordable fossil fuels, Biden called on Congress to pass “clean energy tax credits and investments.” This would divert limited resources to cronyist endeavors, further raise energy costs, and require yet more deficit spending."

–Joel Griffith,
The Heritage Foundation

The solution to America's looming energy crisis is right under our feet.

NBC (6/1/22) reports: "A U.S. Representative is hoping that his resolution will recognize American natural gas as a 'green and clean' energy source. U.S. Representative Troy Balderson joined Ohio energy advocates at an oil and gas well site in Licking County to announce a resolution he introduced this week in the the House of Representatives. The resolution recognizes American natural gas as an affordable, green energy source and calls for the United States to commit to an 'all-of-the-above' approach to meet energy needs. In Ohio alone, natural gas has already reduced carbon emissions from power generation by an astounding 38 percent. 'It’s green. It’s clean. And it’s abundant right under our feet, right here in Ohio,' said Rep. Troy Balderson. 'Unleashing America’s abundant natural gas is the solution to affordable energy, a cleaner environment, and lessening our reliance on bad actors. This resolution recognizes the leading role of natural gas in powering our daily lives and rejects the false notion that a cleaner environment can only be achieved at the peril of the United States’ energy security and independence.' The resolution also calls on the Biden Administration to support natural gas infrastructure and the production of natural gas by identifying and removing barriers for producers. "

Biden says he wants lower gasoline prices, so why has he been suing refineries?

Bloomberg (6/2/22) reports: "The EPA will exit a lawsuit by conservation groups after the agency acted on their petition and objected in part to BP Products North America Inc.'s operating permit for a refinery in Indiana, according to a Thursday filing in a Washington, D.C., federal court. The Environmental Integrity Project and the Sierra Club told the US District Court for the District of Columbia that the agency’s delayed response to their petition violated the Clean Air Act. The groups said in their notice of voluntary dismissal that the action 'has now been fully resolved.' The Environmental Protection Agency directed the Indiana Department of Environmental Management to revise the permit for BP’s Whiting refinery in March. The refinery is an existing major stationary source of air pollution, according to the agency, and about 75% of the residents within a five kilometer radius are people of color. IDEM must establish monitoring associated with certain boilers, duct burners, and selective catalytic reduction devices, the EPA said. It may consider options 'that will better account for the variability and historically poor understanding' of particulate matter emissions from the equipment, according to the agency. IDEM must also revise the permit to guarantee that heat input will be calculated the same when reporting monthly heat input from the boilers and duct burners as it was when creating stack test-based emission factors, the EPA said. Stack tests measure the amount of pollutants being emitted, according to the agency."

One example of how bad the White House is at energy, how did all of the energy people at the White House sign off on an op-ed that even the WaPo gives 4 Pinocchios?

Washington Post (6/2/22) reports: "'A dozen CEOs of America’s largest utility companies told me earlier this year that my plan would reduce the average family’s annual utility bills by $500 and accelerate our transition from energy produced by autocrats.' — President Biden, in an opinion article titled 'My Plan for Fighting Inflation,' published in the Wall Street Journal, May 30. This line caught our attention. After all, the typical U.S. family spends $2,060 on average per year for home utility bills, according to the most recent estimate published by EnergyStar.gov. So Biden is promising big savings. But it turns out the White House has been engaging in some inflation of its own. If that $500 figure appears familiar, it’s because you heard something similar in the president’s State of the Union address on March 1. He said his American Rescue Plan would 'cut energy costs for families an average of $500 a year by combating climate change.'...First of all, that’s eight years from now — not a lot of help with the current inflation problem, which was the frame of Biden’s op-ed. But the bigger problem is that 'national average annual household energy costs' is not the same thing as household utility bills...The president wrote in an opinion article on his inflation plan — presumably vetted by staff — that utility executives told him 'my plan would reduce the average family’s annual utility bills by $500.' But he didn’t hear that from utility executives. And the report he is citing is not about household utility-bill savings. Most of the claimed savings comes from the reduced cost of driving. And the estimate is for 2030 — when he would no longer be president, even if he served a second term. Is there any doubt the president earns Four Pinocchios?"

If you oppose a carbon tax, take a stand and contact us.

Tom Pyle, American Energy Alliance

Myron Ebell, Competitive Enterprise Institute

Phil Kerpen, American Commitment

Andrew Quinlan, Center for Freedom and Prosperity

Tim Phillips, Americans for Prosperity

Grover Norquist, Americans for Tax Reform

George Landrith, Frontiers of Freedom

Thomas A. Schatz, Citizens Against Government Waste

Richard Manning, Americans for Limited Government

Adam Brandon, FreedomWorks

Craig Richardson, E&E Legal

Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Annette Thompson Meeks, Freedom Foundation of Minnesota
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets

WTI Crude Oil: ↑ $117.19
Natural Gas: ↑ $8.56
Gasoline: ↑ $4.76

Diesel: ↑ $5.58
Heating Oil: ↑ $425.74
Brent Crude Oil: ↑ $117.95
US Rig Count: ↓ 797

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