Gas prices soaring!!!!!

No, not quite yet. But the Saudis are cutting back production big time to raise prices and inflation, to increase prices and inflation, and hurt President Biden's chances. Because they would much rather return criminal defendant Trump, and his son-in-law, to the White House.

tRumptards want us to go back to 2020 when gas was cheap because everything was closed.

Oh, and we had a Cheetolini in the White House.

And of course, the RepubliQ is fighting a desperate propaganda war to forestall the day when we can all give a middle finger to the Saudis and the oil companies. Because, y'know, electric cars are so commie.

1.  Proclaim during your campaign "We will end fossil fuels".

2.  Declare war on fossil fuels on your first day in office. 

3.  Take hundreds of policy actions that increase the cost of fossil fuels.

4.  Price of oil and goes up.

5.  Blame greedy oil companies.

6.  Price of oil and gas goes up.

7.  Blame the supply chain.

8.  Price of oil and gas goes up.

9.  Blame Putin.

10.  Price of oil and gas goes up.

11.  Drain the Strategic Oil Reserve in a desperate attempt to lower prices before the midterms.

12.  Price of oil and gas goes up.

13.  Blame the Saudis.

 

Don't blame anyone but Democrats for the price of gas and Biden's inflation.  You told us Global Climate Change was going to destroy the earth in 10 years.  It's an existential threat, right.  Well then why the fuck are you blaming the Saudis (and Trump) for high oil and gas prices?  Embrace the suck!  You should be thanking them if you're true to your beliefs.  You should be lauding these high prices as they facilitate our move to green energy.  Who cares if millions of Americans are suffering and have to choose between filling their tanks and buying groceries?  Let them eat Teslas!


Originally posted by: Charles

1.  Proclaim during your campaign "We will end fossil fuels".

2.  Declare war on fossil fuels on your first day in office. 

3.  Take hundreds of policy actions that increase the cost of fossil fuels.

4.  Price of oil and goes up.

5.  Blame greedy oil companies.

6.  Price of oil and gas goes up.

7.  Blame the supply chain.

8.  Price of oil and gas goes up.

9.  Blame Putin.

10.  Price of oil and gas goes up.

11.  Drain the Strategic Oil Reserve in a desperate attempt to lower prices before the midterms.

12.  Price of oil and gas goes up.

13.  Blame the Saudis.

 

Don't blame anyone but Democrats for the price of gas and Biden's inflation.  You told us Global Climate Change was going to destroy the earth in 10 years.  It's an existential threat, right.  Well then why the fuck are you blaming the Saudis (and Trump) for high oil and gas prices?  Embrace the suck!  You should be thanking them if you're true to your beliefs.  You should be lauding these high prices as they facilitate our move to green energy.  Who cares if millions of Americans are suffering and have to choose between filling their tanks and buying groceries?  Let them eat Teslas!


BAD THING! Who Prezidunt? ,BIDEN!!!  ITZ BIDENZ FAWLT!!! DAWWWWK!!

Charles forgot to mention that biden has cancelled 20m acres of leases in the Gulf & Alaska

 

Then we have granholm's electric car tour; which required sending advance teams to reserve charging stations.

https://insideevs.com/news/686316/us-energy-secretary-staff-blocked-charger-ice-car-ev-road-trip

 

And the many issues with electric cars

 

1- lack of chargers

2-range 

3- charging speeds - public stations can take 20 minutes vs less than 5 for gas cars

4-PRICE - According to Kelley Blue Book, the average new car in the U.S. sold for $49,507 in December 2022, while the average new EV cost $61,448 

5 - battery degradation - A study by UK-based Autocar claimed certain models could reach problematic levels of degradation in less than a decade, with batteries degrading more rapidly once they lose 30% capacity 

6- Weather - In fact, temperature can affect range significantly, with the average range dropping by 41% at 20°F compared to 77°F, according to the Department of Energy

7-Enviromental impact on mining  - A recently published study led by scientists at the University of Western Australia called lithium an "emerging environmental contaminant," noting that increasing levels of lithium contamination were beginning to be found both in plants and organisms

8- Fire - Imagine going shopping & going out to find your car on fire.  

9- Battery disposal - There's no easy way to recycle the current generation of lithium-ion batteries

In a bid to make the manufacturing process as easy and cost-effective as possible, many batteries are designed in a way that makes them very difficult to break up.

10 Repair costs- Tesla's Model Y highlighted by experts as being almost impossible to repair thanks to its unique construction and the battery's placement within the car. This, in turn, drives up insurance premiums for owners as insurers adjust policy costs to take into account the higher level of costly repairs and write-offs. It also poses an issue for owners of older EVs. If one part of the battery malfunctions and can't be easily replaced, or if the cost of replacement is prohibitively high, it means the entire car may become worthless 

 

And people don't like them.

Only 19% of respondents to the poll, by the Energy Policy Institute at the University of Chicago and the Associated Press-NORC Center for Public Affairs Research, said it’s “very” or “extremely” likely they would buy an EV as their next car.

 

40% of EV cars are sold in California, which means tthe rest of the country doesn't care for them

sTuPiD tOm - The King of Cut and Paste.

Originally posted by: Vegas Todd

sTuPiD tOm - The King of Cut and Paste.


The toad can't handle the truth. 

US Crude production has done nothing but go higher under Joe Biden

But dont let that stop Jan 6 cheerleaders from selling bullshit.

 

Oil markets will always be subjected to supply constraints by any major producer who wants to play with supply.   Thats why its called a "global commodity"...and its also the only thing that makes countries like Russia, Iran, and Saudi Arabia relevant in the world economy.

 

Tom and Charles want to make sure those economies stay relevant by keeping their resources the main fuel for the world's energy grid.  More Sensible people see a world where those autocratic countries fall into ruin because they no longer have anything of value to trade with.      

 

 

 

Originally posted by: PJ Stroh

US Crude production has done nothing but go higher under Joe Biden

But dont let that stop Jan 6 cheerleaders from selling bullshit.

 

Oil markets will always be subjected to supply constraints by any major producer who wants to play with supply.   Thats why its called a "global commodity"...and its also the only thing that makes countries like Russia, Iran, and Saudi Arabia relevant in the world economy.

 

Tom and Charles want to make sure those economies stay relevant by keeping their resources the main fuel for the world's energy grid.  More Sensible people see a world where those autocratic countries fall into ruin because they no longer have anything of value to trade with.      

 

 

 


Jan 6 cheerleader?  Fuck you.  I always thought breaching the Capitol was just plain stupid.  BUT if you want to associate that with me for political gain then that must make you an Antifa, fireboming, tranny, kid groomer, right?  Do I need to call you She or XE or They?

 

But to your point.  Oil production has increased from a very low level IN SPITE of Joe Biden and the democrats...not because of them.  According to your graphs it's still below the Trump Peak.  At the end of this post are 150+ actions the Democrats have taken to make it harder to produce Oil and Gas in the USA.  If not for this ill-advised war on fossil fuel, production in the US would be far higher and we'd be making all that extra money that your ilk has caused to be sent to fund Russia’s war on Ukraine, the Ayatollahs in Iran and our good buddies the Saudis.  

 

If we were running without the Democrat handcuffs listed below, Saudi Arabia wouldn't dare cut production in fear of losing market share.  We wouldn't have had to use up a good portion of our strategic reserve that was for emergencies.  Joe wouldn't have had to go begging the Saudis and the Venezuelans only to be rejected. 

 

But the fact of the matter is that you guys have been telling us for years that because of Global Warming we need to take these actions to “Get Rid Of Fossil Fuel”.   Well then you damn well should own these high gas prices.  It’s what you asked for.  It’s what you got.  Own it.  Love it.  Embrace it.  You do drive an electric car, right?

_____________________________________________________________________________

150 Ways the Biden Administration and Congress Have Made it Harder to Produce Oil & Gas

 

Joe Biden’s presidential administration and certain elements in Congress have a plan

for American energy: make it harder to produce and more expensive to purchase. Since

Biden took office, his administration and allies in Congress have taken over 150 actions

deliberately designed to make it harder to produce energy here in America. A list of

those actions appears below.

 

How Joe Biden and the Democrats pressed the War On Fossil Fuels.

 

On January 20, 2021,

1. Besides canceling the Keystone XL pipeline,

2. President Biden restricted domestic production by issuing a moratorium on all oil

and natural gas leasing activities in the Arctic National Wildlife Refuge.

3. He also restored and expanded the use of the government-created social cost of

carbon metric to artificially increase the regulatory costs of energy production of

fossil fuels when performing analyses, as well as artificially increase the

so-called “benefits” of decreasing production.

4. Biden continued to revoke Trump administration executive orders, including

those related to the Waters of the United States rule and the Antiquities Act. The

Trump-era actions decreased regulations on Federal land and expanded the

ability to produce energy domestically.

 

On January 27, 2021,

www.instituteforenergyresearch.org

5. Biden issued an executive order announcing a moratorium on new oil and gas

leases on public lands

6. or in offshore waters

7. and reconsideration of Federal oil and gas permitting and leasing practices.

8. He directed his Interior Department to conduct a review of permitting and leasing

policies.

9. Also, by Executive Order, Biden directed agencies to eliminate federal fossil fuel

“subsidies” wherever possible, disadvantaging oil and natural gas compared to

other industries that receive similar Federal tax treatments or other energy

sources which receive direct subsidies.

10.This Biden Executive Order attacked the energy industry by promoting “ending

international financing of carbon-intensive fossil fuel-based energy while

simultaneously advancing sustainable development and a green recovery.” In

other words, the U.S. government would leverage its power to attack oil and gas

producers while subsidizing favored industries.

11.Biden’s EO pushed for an increase in enforcement of “environmental justice”

violations and support for such efforts, which typically are advanced by radical

environmental organizations and slip-and-fall lawyers hoping to cash in on the

backs of energy consumers.

 

On February 2, 2021,

12.The EPA hired Marianne Engelman-Lado, a prominent environmental justice

proponent, to advance its radical Green New Deal social justice agenda at the

EPA, a signal to industry that it plans to continue its attack on American energy.

 

On February 4, 2021,

www.instituteforenergyresearch.org

13.At the behest of the January 27th Climate Crisis EO, the DOJ withdrew several

Trump-era enforcement documents which provided clarity and streamlined

regulations to increase energy independence.

 

On February 19, 2021,

14.Biden officially rejoined the Paris Climate Agreement, which is detrimental to

Americans while propping up oil production in Russia and OPEC and increasing

the dependence of Europe on Russian oil and natural gas. It also benefits China,

who dominates the supply chain for critical minerals that are needed for wind

turbines, solar panels, and electric vehicle batteries.

 

On February 23, 2021,

15.Biden administration issued a Statement of Administration Policy in support of

H.R. 803 which curtailed energy production on over 1.5 million acres of federal

lands.

 

On March 11, 2021,

16.The President signed ARPA, which included numerous provisions advancing

Biden’s green priorities, such as a $50 million environmental slush fund directed

towards “environmental justice” groups, including efforts advanced by Biden’s EO.

17.ARPA also included $50 million in grant funding for Clean Air Act pollution-related

activities aimed at advancing the green agenda at the expense of the fossil fuel

industry.

 

On March 15, 2021,

www.instituteforenergyresearch.org

18.Biden’s Securities and Exchange Commission sought input regarding the

possibility of a rule that would require hundreds of businesses to measure and

disclose greenhouse gas emissions in a standardized way, hugely increasing the

environmental costs of compliance and disincentivizing oil and gas production.

On April 15, 2021,

19.The Federal Energy Regulatory Commission’s policy statement outlines — and

effectively endorses — how the agency would consider market rules proposed by

regional grid operators that seek to incorporate a state-determined carbon price

in organized wholesale electricity markets. This amounts to a de facto

endorsement of a carbon tax that would be paid by everyday Americans in their

utility bills.

 

On April 16, 2021,

20.At Biden’s Direction, Secretary of the Interior Deb Haaland revoked policies in

Secretarial Order 3398 established by the Trump administration including

rejecting “American Energy Independence” as a goal;

21.rejecting an “America-First Offshore Energy Strategy;”

22.rejecting “strengthening the Department of the Interior’s Energy Portfolio;”

23.and rejecting establishing the “Executive Committee for Expedited Permitting.”

These actions set the stage for the unprecedented slowdown in energy activity

by the Interior Department, steward of 2.46 billion acres of federal mineral estate

and all its energy and mineral resources.

 

On April 22, 2021,

www.instituteforenergyresearch.org

24.Biden issued the U.S. International Climate Finance Plan to funnel international

financing toward green industries and away from oil and gas.

 

On April 27, 2021,

25.The Biden administration issued a Statement of Administration Policy in support

of S.J. Res. 14 which rescinded a Trump-era rule that would have cut regulations

on American energy production.

 

On April 28, 2021,

26.Biden’s EPA issued a Notice of Reconsideration that would propose to revoke a

Trump-era action that revoked California’s waiver for California’s Advanced Clean

Car Program (Light-Duty Vehicle Greenhouse Gas Emission Standards and Zero

Emission Vehicle Requirements).

 

On May 5, 2021,

27.This proposed Fish and Wildlife Service Rule revokes a Trump administration rule

and expands the definition of “incidental take” under the Migratory Bird Treaty Act

(MBTA). The rule would impact energy production on federal lands, increasing

regulatory burdens.

 

On May 20, 2021,

28.Biden issued an executive order on Climate-Related Financial Risk that would

artificially increase regulatory burdens on the oil and gas industry by increasing

the “risk” the federal government undertakes in doing business with them.

www.instituteforenergyresearch.org

 

On May 28, 2021,

29.Biden’s FY 2022 revenue proposals include nearly $150 billion in tax increases

directly levied against the oil and gas energy producers.

 

On July 28, 2021,

30.This Department of Energy determination increases regulatory burdens on

commercial building codes, requiring green energy codes to disincentivize natural

gas and other energy sources. DOE readily admits they ignored efforts private

industry is making on their own and utilized the questionable “social costs of

carbon” to overstate the public benefit.

31.The Executive Order also kicked off the development of more stringent long-term

fuel efficiency and emissions standards, a backdoor way to compel the

electrification of vehicles.

 

On August 11, 2021,

32.The White House released a letter from Jake Sullivan begging OPEC+ (OPEC plus

Russia) to produce more oil.

 

On September 3, 2021,

33.Biden’s Department of Transportation issued a proposed rule that would update

the Corporate Average Fuel Economy Standards for Model Years 2024–2026

Passenger Cars and Light Trucks to increase fuel economy regulations on

passenger cars and light vehicles. The modeling calculated “fuel savings” by

www.instituteforenergyresearch.org

multiplying fuel price with ‘avoided fuel costs’ to disincentivize gasoline by

making it more costly to afford ICE cars and trucks.

On September 9, 2021,

 

34.NASA and the FAA launched a partnership to reduce “fuel use and harmful

emissions” by strong-arming industry to adopt elements of their green agenda.

35.Department of Education’s Climate Adaptation Plan (CAP) includes efforts to

incorporate the green agenda into as many guidance and policies as possible,

effectively leveraging the department as an anti-fossil fuel propaganda tool.

 

On October 4, 2021,

36.The FWS published its final rule revoking Trump-era actions which eased

burdensome regulations on energy action.

 

On October 7, 2021,

37.The Council on Environmental Quality revoked Trump administration NEPA

reforms that reduced regulatory burdens by reinstating tangential environmental

impacts of proposed projects.

38.Biden announced plans to designate the Northeast Canyons and Seamounts

Marine National Monument, a move counter to Trump’s reversal of a similar

Obama-era proclamation. Trump aimed to allow energy exploration in the area to

increase energy independence.

39.The U.S. Department of Agriculture’s (USDA) CAP includes efforts to switch fuel

away from oil and natural gas and subsidize more costly, less efficient fuel

sources.

www.instituteforenergyresearch.org

40.As part of its CAP, EPA intends to incorporate Biden’s Green New Deal agenda

throughout its rulemaking process.

 

On October 21, 2021,

41.This report paints climate change, and therefore oil and gas producers, as a “risk

to financial stability.” The report recommended the “climate disclosures” later set

forth by the Biden administration.

 

On October 28, 2021,

42.Rep. Rho Khanna interrogated oil CEOs about why they were increasing

production as their ‘European Counterparts’ were lowering their own.

 

On October 29, 2021,

43.The Bureau of Land Management announced the use of social costs of carbon in

decision-making for approving permits for oil and gas drilling. This devalues the

economic benefits of energy production on federal lands.

 

On October 30, 2021,

44.The Department of Labor issued a final ESG Rule that would require fiduciaries to

consider the economic effects of climate change and other so-called

environmental, social and governance (ESG) factors when evaluating funds for

retirement plans. The rule would strongly encourage fiduciaries to draw capital

from domestic energy development in oil and natural gas to renewables.

 

On November 2, 2021,

www.instituteforenergyresearch.org

45.The Biden administration led a “Global Methane Pledge” to reduce global

methane emissions by 30 percent by 2030. Neither Russia nor China signed the

pledge, increasing the world’s reliance on these two countries for energy-related

imports and disadvantaging the U.S. oil and natural gas industry, as well as large

consumers of energy such as industrial manufacturing and agriculture.

 

On November 4, 2021,

46.Biden committed to “ending fossil fuel financing abroad,” targeting the global

fossil fuel industry, thereby disadvantaging them, which increases global oil and

gas prices. Further, key countries, like China, did not sign the pledge, so the

pledge harms signatories while empowering adversaries. This is another case of

unilateral economic and energy disarmament.

 

On November 5, 2021,

47.Biden Energy Sec. Granholm laughed at questions about boosting oil production.

 

On November 12, 2021,

48.New Source Review: These broad, overreaching regulations target new, modified,

and reconstructed oil and natural gas sources, and would require states to

reduce methane emissions from hundreds of thousands of existing sources

nationwide for the first time. The Proposed Rule follows the President’s Day 1

Climate EO and the passage of the S.J. Res. 14, a CRA rescinding Trump-era

energy independence policies. The proposed rule spends several paragraphs

dismissing the effects of the rule on the oil and gas industry and misleadingly

applies its effects on the industry to only the “140,000” (an underestimate of the

www.instituteforenergyresearch.org

over 220,000) employees directly involved in extraction. This means it ignores the

nearly 10 million other people working in the oil and gas industry and the impacts

to the oil and gas economy more broadly.

 

On November 15, 2021,

49.Biden’s Interior Department announced plans to withdraw Chaco Canyon from oil

and gas drilling for 20 years.

50.The Biden administration nominated Saule Omarova to serve as Comptroller of

the Currency. Omarova’s past comments speak for themselves: “A lot of the

smaller players in [the fossil fuel] industry are going to, probably, go bankrupt in

short order—at least, we want them to go bankrupt if we want to tackle climate

change,” she said.

 

On November 17, 2021,

51.HUD’s CAP leverages the Community Development Block Grant to advance

‘environmental justice’ efforts.

52.Biden calls on FTC to probe “anti-consumer behavior” by energy companies.

 

On November 19, 2021,

53.Biden endorsed several oil and gas provisions in the Build Back Better Bill,

including a new tax on methane, of up to $1500 per ton;

54.prohibiting energy production in the Arctic and offshore leasing on the Outer

Continental Shelf (OCS) in the Atlantic, Pacific and Eastern Gulf of Mexico

Planning Areas;

55.increased fees and royalties for onshore and offshore oil and gas production;

www.instituteforenergyresearch.org

56.a new $8 billion tax on companies that produce, process, transmit or store oil and

natural gas starting in 2023;

57.limited ability of energy producers to claim tax credits for upfront and royalty

payments in foreign countries – amounting to a tax increase on domestic energy

producers;

58.and a 16.4 cent tax on each barrel on crude oil – up from 9.7 cents – a $13 billion

tax increase on oil production.

 

On November 26, 2021,

59.Biden’s Interior Department issued its report on the Federal Oil and Gas Leasing

Program includes recommendations to raise rents and royalty rates on oil and

gas producers, even though federal energy production already lags that from

state and private lands.

 

On December 14, 2021,

60.The EPA launched a revamp of its Office of Civil Rights to add so-called

environmental justice enforcement as a key pillar in enforcing Title VI civil rights

complaints. The agency’s announcements mean social justice claims against,

among others, the oil and gas industry will increase costs and penalties that have

specious connections to its environmental mission.

 

On December 21, 2021,

61.Biden’s Department of Transportation issued its Final Rule revoking Trump-era

actions which prevented California from arbitrarily becoming the national

standard for fuel emissions. The rule set the stage for the administration to

www.instituteforenergyresearch.org

reinstate California’s waiver, and, since automakers do not make different cars

for different states, the rule would allow California’s radical environmental

policies to reach nationwide, forcing people nationwide to pay for vehicles

meeting California’s standards.

 

On December 30, 2021,

62.Biden’s EPA issued its Final Rule for increased “fuel efficiency standards.”

According to the Final Rule, “These standards are the strongest vehicle

emissions standards ever established for the light-duty vehicle sector. The rule, in

responding to comments, claims “energy security benefits to the U.S. from

decreased exposure to volatile world oil prices” suggesting that decreasing oil

and gas production in the U.S. will result in less exposure to the international oil

and gas market because they will be disincentivizing vehicles that use oil and

gas. The rule also claims that it will result in “fuel savings” entirely due to less

use of fuel.

 

On January 13, 2022,

63.DOE announced an initiative to hire 1,000 staffers for their Clean Energy Corps, a

group of staff dedicated to Biden’s promise to destroy fossil fuels.

 

On January 14, 2022,

64.Biden nominated Sarah Raskin to serve as Vice Chair of the Federal Reserve. She

was deemed so radical on her belief that fed policy should be dictated by

environmental policy that she gained a bipartisan opposition and had to withdraw

her nomination.

www.instituteforenergyresearch.org

 

On February 9, 2022,

65.A proposed rule on Coal and Oil Power Plant Mercury Standards would revoke a

Trump-era rule that cut red tape on coal and oil-fired power generators and

followed the Supreme Court’s rejection of an earlier Obama administration rule.

This would effectively reinstate Obama-era regulations which sought to increase

regulations on coal and oil-fired power plants.

 

On February 18, 2022,

66.FERC updated a 23-year-old policy for assessing proposed natural gas pipelines,

adding new considerations for landowners, environmental justice communities,

and other factors. In a separate but related decision, the commission also laid

out a framework for evaluating projects’ greenhouse gas emissions.

 

On February 21, 2022,

67.The Biden administration paused working all new oil and gas leases on Federal

land in response to a judge blocking their arbitrary use of social costs of carbon,

unnecessarily hurting domestic oil and gas production.

 

On February 28, 2022,

68.The Ozone Transport Proposed Rule would expand federal emissions regulations

over a wider geographic region and over a wider array of sources, including the

gathering, boosting and transmission segments of the oil and gas sector. Integral

energy production states like Nevada, Utah and Wyoming would be required to

jump through more red tape.

www.instituteforenergyresearch.org

 

On March 1, 2022,

69.Refusal To Appeal adverse leasing court decision: The Biden administration

refused to appeal an unprecedented decision to vacate an offshore oil and gas

leasing sale held in November 2021. This means under Biden, the U.S. has not

held one successful lease sale offshore.

70.Certification of New Interstate Natural Gas Facilities: This policy statement

increases climate change regulations for new interstate natural gas facilities.

 

On March 8, 2022,

71.President Biden tried to deflect from his anti-energy record saying there are 9,000

issued leases on federal lands without current drilling. This is true and it’s also

true that this is the lowest percentage of unused leases in at least 20 years — in

other words, lease utilization is at a multi-decade high.

 

On March 9, 2022,

72.EPA Reinstates California Emissions Waiver: The EPA reinstated California’s

emissions waivers, allowing the state to set its own greenhouse gas emissions

standards, standards which will likely be adopted nationwide and are sure to

make vehicles more expensive. The practical effect is that California is setting

policy for people in all the other states despite their terrible record of energy

inflation.

 

On March 11, 2022,

www.instituteforenergyresearch.org

73.Natural Gas Infrastructure Project Reviews: This interim regulation will increase

the regulatory burden on natural gas facilities by, among other things, requiring

climate change impacts be considered when determining whether a project is in

the public interest.

 

On March 16, 2022,

74.Doubling Down on Social Costs of Carbon: The 5th Circuit Court of Appeals

reinstated the dubious social costs of carbon metric which had been rejected by

another court by issuing a stay on the lower court’s ruling. The ruling itself cast

doubt on the lower court’s ruling. The Biden administration argued against the

lower court’s ruling to reinstate the SCC metric. The Social Cost of Carbon is a

“made-up” number designed to make any hydrocarbon project in the U.S. more

expensive. It is an “end-around” the politically difficult carbon tax most of the

Green Establishment supports.

 

March 21, 2022,

75.SEC Proposed Rule on Mandatory Climate Disclosures: The SEC’s proposed rule

would require public companies to disclose greenhouse gas emissions

76.and their exposure to climate change. This rule would massively increase

so-called environmental costs of compliance and, in tandem with so-called social

costs of carbon, artificially disincentivizing oil and gas production.

March 28, 2022,

 

77.Army Corps of Engineers’ Review of its Nationwide Permit 12 for Oil or Natural

Gas Pipeline Activities: The corps announced it would be reviewing NWP 12 late

www.instituteforenergyresearch.org

last month as part of Biden’s day-1 executive order on climate change mandating

all federal agencies ensure their work is in line with its climate and environmental

objectives. The review is part of a long list of actions that confuse and delay

permitting for critical infrastructure. This makes pipelines harder to build and

improve in the U.S.

 

March 30, 2022

78.Environmental Justice Advisory Council Meeting: The WHEJAC will hold its first

two meetings to, among other things, advance Green New Deal priorities

including “environmental justice and pollution reduction, energy, climate change

mitigation and resiliency, environmental health, and racial inequity.”

 

March 31, 2022

79.President Biden announces that he will sell one million barrels of oil a day from

the Strategic Petroleum Reserve for the next six months.

80.Biden wants to penalize oil companies with unused leases: President Biden

called on Congress to pass legislation enacting “use it or lose it” fines on wells

that oil companies have leased from the federal government but have not used in

years and “on acres of public lands that they are hoarding without producing…

Companies that are producing from their leased acres and existing wells will not

face higher fees.” The extra fees on federally leased land are on top of rents that

the oil companies pay to hold the leases, “bonus bids” paid by the winning bidder

at lease sales and the fact that 66 percent of federal leases are currently

producing oil. This is simply a deflection from the Biden administration’s war on

affordable North American energy supplies.

www.instituteforenergyresearch.org

81.Biden’s Budget Contains More Anti-Oil Proposals: President Biden’s budget for

the fiscal year 2023 is $5.8 trillion. It contains large amounts of climate spending

and anti-oil and gas policies that did not get passed in his Build Back Better bill

last year.

82.Biden is seeking $50 billion for programs to address climate change,

83.including $18 billion to build the U.S. government’s resilience to climate change,

84.$3.3 billion in funding for clean energy projects and at least $20 million for a new

“Civilian Climate Corps.”

85.To help pay for the increased climate spending, Biden is asking Congress to

eliminate tax provisions that aid domestic energy production,

86.including tax deductions for intangible drilling costs and low-production wells

that enable small producers in the United States to produce oil. Removing these

deductions will lower domestic output while further raising already high oil and

gasoline prices.

 

April 5, 2022,

87.Biden’s Department of Energy Office of Fossil Energy and Carbon Management

releases a “Strategic Vision” with no discussion of increasing domestic fossil

energy production: The Department of Energy is statutorily required to carry out

research and development with “the goal of improving the efficiency,

effectiveness, and environmental performance of fossil energy production,

upgrading, conversion, and consumption.” (42 USC 16291) However, the Biden

Department of Energy has no interest in increasing fossil energy production.

Despite the requirements of the law, the Strategic Vision is only about “Advancing

Justice, Labor, and Engagement; Advancing Carbon Management Approaches

www.instituteforenergyresearch.org

toward Deep Decarbonization; and Advancing Technologies that Lead to

Sustainable Energy Resources.”

 

April 12, 2022,

88.Biden extended the availability of higher biofuels-blended gasoline during the

summer to lower gasoline costs and to reduce reliance on foreign energy

sources. The measure will allow Americans to buy E15, a gasoline blend that

contains 15 percent ethanol from June 1 to September 15. Oil refiners are

required to blend some ethanol into gasoline under a pair of laws, passed in 2005

and 2007, known as the Renewable Fuels Program, intended to lower the use of

oil and greenhouse gas emissions and reduce dependency on foreign oil by

mandating increased levels of ethanol in the nation’s fuel mix every year.

However, since the passage of the 2007 law, the mandate has been met with

criticism that it has contributed to increased fuel prices and has done little to

lower greenhouse gas emissions. With looming food shortages already

acknowledged by President Biden, turning his back on domestic energy

production while dedicating even more food to make energy inefficiently is not

wise.

 

April 15, 2022,

89.Biden announced 144,000 acres of the federal mineral estate opened for oil and

gas leasing — just 0.00589 percent of the 2.46 billion acres the American people

own. White House Press Secretary Jen Psaki said, “Today’s action…was the

result of a court injunction that we continue to appeal, and it’s not in line with the

president’s policy, which is to ban additional leasing.”

www.instituteforenergyresearch.org

90.The administration announced it would resume leasing, but with a royalty rate

almost 50 percent higher.

91.Withdrawal of M-37046 and

92.reinstatement of M37039: “The Bureau of Land Management’s Authority to

Address Impacts of its Land Use Authorizations Through Mitigation” The Interior

Department reversed a Trump administration decision which limited the scope of

“compensatory mitigation” the Department could force upon projects on federal

land as a condition of receiving a permit, which will hit energy and mining

projects especially hard. Under the new guidance, opponents in the federal

government could require mitigation located far from the project with little

relevance, effectively giving bureaucrats a blank check to request whatever they

wish of a permit seeker with little controls. This decision was made less than a

week after the DOI Inspector General reported that there were no controls or

apparent records justifying previous versions of this program, and warned they

may have to review the overall program again. This is a “3rd world” approach

giving government officials the latitude to effectively deny a project by assessing

“compensatory mitigation” so expensive as to make it uneconomic, or to fund

their pet projects by extorting additional funds from a permit-seeker.

 

April 19, 2022,

93.Biden Restores Climate to NEPA: The Biden administration completed reforms on

how agencies implement the National Environmental Policy Act, effectively

undoing one of the Trump administration’s most important environmental

regulatory rollbacks. This opens the door for officials to cook up whatever

justification they desire to impede energy development under the guise of NEPA.

www.instituteforenergyresearch.org

 

April 20, 2022,

94.White House Climate Advisor Gina McCarthy states on MSNBC that “President

Biden remains absolutely committed to not moving forward with additional

drilling on public lands.”

 

April 21, 2022,

95.U.S. Climate Envoy John Kerry said the world’s reliance on natural gas should be

limited to a decade. He said, “We have to put the industry on notice: You’ve got

six years, eight years, no more than 10 years or so, within which you’ve got to

come up with a means by which you’re going to capture, and if you’re not

capturing, then we have to deploy alternative sources of energy.” Repeated

statements like this from administration officials tell investors not to sponsor

energy investments in the U.S., since it implies the use of those energy sources

will be limited by the government.

 

April 25, 2022,

96.Biden reverses Trump’s Alaska oil plan: The Biden administration released a

management plan for the National Petroleum Reserve Alaska, an Indiana-sized

area reserved for oil and gas leasing. The final decision reverses a Trump-era

plan that had opened most of the reserve to oil and gas leasing and withdraws

some of the most prospective oil and gas areas from consideration.

 

April 28, 2022,

www.instituteforenergyresearch.org

97.The Biden administration admitted to using faulty modeling which overestimated

wildlife effects, delaying permitting on existing leases.

 

May 18, 2022,

98.The Biden administration announced they were canceling a lease sale of over

one million acres in the Cook Inlet in Alaska.

99.At the same time, the Biden administration announced they were canceling a

lease sale in the Gulf of Mexico.

 

May 19, 2022,

100. HR. 7688 is named the “Consumer Fuel Price Gouging Prevention Act,” and it

would give the President vast powers to set price controls by executive fiat. If

passed, this legislation will cause even more harm to American energy

consumers. Price controls don’t work, and our experience during the gas lines of

the 1970s should remind us that price controls will lead to shortages

101. S.4214 is a similar “price gouging” bill taken up in the Senate.

 

June 2, 2022,

102. The Biden administration settled with environmental litigants to do what the

Biden administration wanted to do and more thoroughly analyze the climate

impacts of oil and gas leasing on 4 million acres of federal lands. This provides

more delay, potential litigation about sufficiency, and more uncertainty about

investment.

103. Biden’s EPA announced they were allowing states greater power to stop

roads, dams, shopping malls, housing developments, wineries, breweries,

www.instituteforenergyresearch.org

pipelines, coal terminals, and other projects using Section 401 of the Clean Water

Act.

 

June 7, 2022,

104. Biden’s EPA deals a death blow to Pebble Mine in Alaska. Citing its authority

under the 1972 Clean Water Act, EPA proposed a legal determination that would

ban the disposal of mining waste rock in the Bristol Bay watershed. Pebble is one

of the world’s largest copper deposits –essential for electrification—and holds

enormous quantities of additional minerals, including strategic ones.

 

June 8, 2022,

105. Biden reduces fees on renewables while raising them on oil and gas.

President Biden’s Interior Department announced it will reduce the fees on

renewable projects on federal lands after announcing recently that royalty rates

and rents would increase as much as 50% for oil and gas projects on federal

lands.

 

June 28, 2022,

106. President Biden considers new regulations that would hamper the largest

oil-producing area in the world. His latest consideration is EPA implementing

new requirements that would curb drilling across parts of the Permian Basin—the

world’s biggest oil field that straddles Texas and New Mexico.

 

July 6, 2022,

www.instituteforenergyresearch.org

107. President Biden releases his draft offshore lease plan. The plan includes an

option with zero lease sales. There is the potential for ten potential new leases in

the Gulf of Mexico and one in the Cook Inlet off the southern coast of Alaska.

There are no new leases in federal waters off the Atlantic and Pacific coasts.

Biden’s plan is in sharp contrast to President Trump’s proposed offshore lease

plan that had 47 new offshore drilling leases, including in the Atlantic and Pacific

oceans. President Trump had proposed a vast expansion of drilling sales to cover

more than 90 percent of coastal waters, including areas off California and new

zones in the Atlantic and Arctic. The earliest Biden’s offshore lease program

could be finalized is likely late fall.

 

July 7, 2022,

108. The Biden administration proposes a strict appliance standard rule for

furnaces, the goal of which is to increase the upfront cost of using natural gas

furnaces so great that people will switch to electric heating.

 

July 14, 2022,

109. Biden sells oil to China from the SPR. Biden has sold more than five million

barrels of oil from the SPR to European and Asian nations instead of U.S. refiners,

compromising U.S. energy security. Biden’s Energy Department in April

announced the sale of 950,000 barrels from SPR to Unipec, the trading arm of the

China Petrochemical Corporation, which is wholly owned by the Chinese

government. China purchased that oil from U.S. emergency reserves to bolster

its own stockpile. China has been buying large amounts of oil for its reserves

www.instituteforenergyresearch.org

since the early COVID lockdowns when prices were low due to demand

destruction.

 

July 15, 2022,

110. Biden’s Federal Highway Administration, without authority to do so, proposed

requiring all states to track and reduce on-road vehicle greenhouse gas

emissions.

 

August 16, 2022,

111. President Biden signs the Inflation Reduction Act (IRA), which includes new

taxes on natural gas extraction and methane leaks, and

112. Superfund taxes on crude oil and its related products, and

113. An extension of biofuel tax credits and a new tax credit for sustainable

aviation fuel. These biofuel tax credits will encourage existing petroleum refining

capacity to convert to biofuels, making it harder for Americans to get the

petroleum fuel products they need for transportation and home heating. These

incentives will make the United States import more petroleum products from

countries with additional capacity such as China and the Middle East, while

committing more agricultural products to fuel, rather than food.

114. IRA: The law also encourages states to adopt California’s plan to phase out

gas-powered vehicles by 2035.

 

August 17, 2022,

115. A federal judge reinstated a moratorium on coal leasing from federal lands

that had been implemented during the Obama administration and was lifted

www.instituteforenergyresearch.org

under President Donald Trump. The ruling from U.S. District Judge Brian Morris

requires government officials to conduct a new environmental review prior to

resuming coal sales from federal lands. According to the judge, the government’s

previous review of the program had not adequately considered the impacts of

climate change from coal’s greenhouse gas emissions, among other effects.

 

August 18, 2022

116. Secretary of Energy Jennifer Granholm sent a letter to refiners threatening “to

deploy emergency actions” against the industry if they continue to export refined

products or otherwise fail to build refined product inventories. This ignores the

record of increasing exports of petroleum coinciding with rising production in the

U.S.

 

August 22, 2022,

117. U.S. Appeals Court reinstates Biden’s ban on oil and gas leasing

 

September 6, 2022

118. The Biden administration reached an agreement with environmental groups to

and halt drilling permits on over 58,000 acres of land in a sue-and-settle case.

 

September 12, 2022,

119. EPA announced they rejected Cheniere Energy’s LNG appeal to exempt two

turbines at LNG export terminals from a hazardous pollution rule despite the

www.instituteforenergyresearch.org

needs of the Europeans and others for LNG and Biden’s promises to help allies

with supplies.

 

September 19, 2022

120. The Department of Energy announces the sale of an additional 10 million

barrels of oil from the SPR.

 

September 20, 2022,

121. The Biden administration is expected to soon finalize a rule banning oil and

gas leasing near Chaco Culture National Historical Park opposition from local

Indigenous leaders, who say the administration’s rule would prevent them from

collecting royalties on their land.

 

September 30, 2022,

122. Secretary of Energy Jennifer Granholm and senior White House officials met

with U.S. refiners. The Biden administration officials threatened the refiners with

an export ban.

 

October 5, 2022,

123. The Biden administration is reportedly working to wind down sanctions

against Venezuela’s authoritarian government in exchange for oil production.

This ignores that Venezuelan crude oil is much more carbon intensive than the

domestic oil the Biden Administration is restricting, or Canadian oil which would

have been transported via the Keystone XL pipeline.

www.instituteforenergyresearch.org

 

October 7, 2022,

124. The Securities and Exchange Commission announced that was reopening the

comment period on the ESG rule because a “technological error” resulted in the

deletion of some public comments. But the SEC only gave people 14 days to

figure out if their comment was deleted and to submit a comment again.

 

October 2, 2022,

125. Biden administration officials lobbied the Saudis and other members of

OPEC+ to hold off reducing oil output until after the mid-term elections.

 

October 6, 2022,

126. The Department of the Interior moves forward with some leasing but notes

that they are “mandated” by the Inflation Reduction Act. In other words, DOI is

trying not to lease unless mandated by an act of Congress. This ignores that

current law requires them to lease periodically, which they are honoring in the

breach.

 

November 2, 2023

127. President Biden threatens oil companies with a windfall profits tax—again.

“Their profits are a windfall of war,” Mr. Biden said, referring to the Russian

invasion of Ukraine as the reason for high prices for oil and gasoline. Biden could

easily increase domestic oil production by changing his anti-oil and gas policies

that began on his first day in office.

www.instituteforenergyresearch.org

 

November 9, 2022

128. California proposes banning new diesel trucks by 2040. The California Air

Resources Board (CARB) proposed a regulation that would require manufacturers

to sell only “zero-emission” medium and heavy-duty vehicles in the state by 2040.

 

November 16, 2022

129. U.S. supports the phase out of fossil at COP27.

 

November 17, 2022

130. Biden releases more stringent requirements to EPA’s proposed methane rule

at COP27. At the Conference of the Parties (COP27) in Egypt, President Biden’s

Environmental Protection Agency (EPA) released the text of a supplemental

proposed rule regulating methane emissions from the oil and natural gas

industries that is more stringent than the original proposed rule in 2021. The 2021

rule targets emissions from existing oil and gas wells nationwide, rather than

focusing only on new wells as previous EPA regulations have done. The new rule

released at COP27, however, includes all drilling sites, even smaller wells that

emit less than 3 tons of methane per year. Small wells currently are subject to an

initial inspection but are rarely checked again for leaks. The new proposal also

requires operators to respond to credible third-party reports of high-volume

methane leaks. These more stringent requirements result in a near doubling of

the economic costs, which are estimated to produce a 13 percentage point

increase in reduced emissions from 2005 levels by 2030. Increasing costs will

www.instituteforenergyresearch.org

increase bills for consumers at a time when natural gas prices are already

expected to climb.

131. Federal government grants lesser prairie chicken ESA protections.

 

November 29, 2022

132. EPA proposes exorbitant estimate for the social cost of carbon. President

Biden’s Environmental Protection Agency (EPA) has proposed a new estimate for

the social cost of carbon emissions that nearly quadruples the interim figure

from the Obama Administration. The Biden administration has been using the

Interagency Working Group’s interim value of $51 per metric ton of carbon

dioxide, but EPA has proposed increasing it to $190.

 

December 7, 2022

133. President Biden seeks fossil fuel-free federal buildings and bans natural gas.

 

December 8, 2022

134. Bureau of Land Management piles its methane rule atop those set by EPA and

Congress. BLM’s proposal would tighten limits on gas flaring on federal land and

require energy companies to better detect methane leaks. The rule would impose

monthly limits on flaring and charge fees for flaring that exceeds those limits.

 

December 23, 2022

135. California’s regulators release their net zero plan. Californian regulators

approved a plan to reduce the state’s carbon-dioxide emissions by 85 percent

www.instituteforenergyresearch.org

from 1990 levels by 2045, thereby reaching carbon neutrality, meaning the state

will remove as many emissions from the atmosphere as it emits. It aims to do so

in part by reducing fossil fuel demand.

 

January 10, 2023

136. U.S. Interior Department names Elizabeth Klein to oversee offshore energy.

She had initially been nominated by the White House to be the Deputy Interior

Secretary under current chief Deb Haaland but was withdrawn from

consideration in March 2021 amid opposition from moderate Alaska Republican

Senator Lisa Murkowski, whose vote was needed for her confirmation, over

concerns that Klein was opposed to oil development.

 

January 12, 2023

137. EPA’s proposed rule regarding the Clean Water Act. The rule would expand the

EPA and Army’s regulatory oversight to include traditionally navigable waters,

territorial seas, interstate waters and, “upstream water resources that

significantly affect those waters.” According to the two agencies, the revised rule

is based on definitions that were in place before 2015. Farming groups, oil and

gas producers, and real estate developers criticized the regulations as

overbearing and burdensome to business, and, in particular, the ruling has the

potential to affect natural gas infrastructure projects. It also would exert federal

control over lands not owned by the federal government.

 

January 17, 2023

www.instituteforenergyresearch.org

138. Biden appointee proposes ban on gas stoves. Richard Trumka Jr., a Biden

commissioner on the CSPC, told Bloomberg the ban is justified because gas

stoves increase respiratory problems such as asthma among children, which is a

myth promoted by environmentalists whose real agenda is not to reduce asthma

but to ban natural gas. Gas stoves are used in about 35 percent of households

nationwide, or about 40 million homes. The household figure is closer to 70

percent in some states, such as California and New Jersey. Other states where

many residents use gas stoves include Nevada, Illinois, and New York.

 

January 31, 2023

139. Biden administration blocks Minnesota’s Twin Metals Mine. The Biden

administration blocked plans for a major copper, nickel and cobalt mine in

northern Minnesota that could have helped supply minerals for his “net-zero”

plans. The “Twin Metals Project” would have tapped the Duluth Complex within

the Superior National Forest, where 95 percent of the nation’s nickel reserves and

88 percent of American cobalt reserves are found.

 

February 3, 2023

140. Biden administration blocks the development of Alaska’s Pebble Mine. The

U.S. Environmental Protection Agency blocked the development of the proposed

Pebble mine–the most significant undeveloped copper and gold resource in the

world–because of stated concerns about its environmental impact on Alaska’s

aquatic ecosystem.

 

March 3, 2023

www.instituteforenergyresearch.org

141. Biden EPA approves Midwest governors’ request for year-round E15 sales.

The Biden administration is recommending for approval a rule that would allow

expanded sales of gasoline with a higher ethanol blend (15 percent ethanol),

based on a request from governors in Midwest states.

 

March 9, 2023

142. Biden administration attacks oil and gas in FY24 budget proposal.

 

March 10, 2023

143. Biden’s offshore oil and gas lease plan delayed by 18 months. President

Biden’s oil and gas offshore lease plan is late and will be even later as the Interior

Department argues it needs until December to finalize the plan. It told a court it

needs the rest of the year to complete an analysis on the delayed five-year

program, which will replace the expired 2017-2022 program.

 

March 14, 2023

144. Biden withdraws more areas of Alaska from oil exploration. 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 Interior Department said it would issue new

rules to block oil and gas leases on more than 55 percent of the 23 million acres

that form the National Petroleum Reserve-Alaska and bar drilling in nearly 3

million acres of the Beaufort Sea — closing it off from oil exploration. The

www.instituteforenergyresearch.org

restricted area of over 16 million acres is about the size of West Virginia. The

Willow project, if approved, would take place inside the petroleum reserve, which

is located about 200 miles north of the Arctic Circle. The National Petroleum

Reserve was established in 1912 as a backup source of oil for the federal

government, originally for the Navy, as it was at one time referred to as the Naval

Petroleum Reserve. Four sites in the country comprised the Naval Petroleum

Reserve. The fourth site is on the North Slope of Alaska.

 

March 16, 2023

145. Sen. Whitehouse introduces the “Clean Competition Act,” a carbon border tax.

One consequence of this policy would be a negative impact on trade relations

with the rest of the world. A carbon border tax will likely lead to retaliatory tariffs

with our trading partners and a trade war as increasing tariffs are applied back

and forth. A carbon tax like this one would impact heavy industry the most, as it

would raise prices on things like steel, aluminum, and other industrial inputs.

Because the costs of tariffs are ultimately passed along to consumers, starting a

trade war with the world’s largest producer of aluminum (China produced nearly

60 percent of world aluminum in 2021) is a far cry from supporting the American

working class. Additionally, carbon border taxes are ripe for political

gamesmanship because determining the true carbon intensity of products from a

variety of countries with different regulatory systems and variations in how

emissions are tracked is no simple task. The sheer complexity of rating products

would impose massive compliance costs throughout global supply chains, the

last thing that is needed with runaway inflation and supply chains that are still

recovering from the dual shocks of the pandemic and Russia’s invasion of

Ukraine.

www.instituteforenergyresearch.org

 

March 17, 2023

146. EPA’s “Good Neighbor” rule increases the costs of electricity for consumers.

The Biden administration announced tougher limits on emissions from power

plants, factories and other industrial facilities that cross state boundaries. The

new standards, announced by the Environmental Protection Agency (EPA), are

intended to place tighter constraints on emissions from 23 Midwestern and

Western states that have coal and natural gas power plants and facilities. This

interstate regulation, known as the “good neighbor” rule, strengthens and

expands an earlier interstate air pollution standard that was enacted during the

Obama administration. In finalizing the rule, the EPA included three western

states in the regulation — California, Nevada and Utah, due mainly to emissions

from their industrial facilities. The new rule includes increased flexibilities, giving

power plants emission allowances that will decrease over time. EPA was able to

finalize the new standards as the U.S. Court of Appeals for the D.C. Circuit

rejected a challenge to EPA’s proposed rule by coal companies and others this

month. This rule is but one of many the Biden Administration is planning to roll

out in pursuit of its quest to kill coal plants in the United States, as IER has

detailed.

 

March 20, 2023

147. Biden uses veto to preserve DOL Rule on ESG investing.

 

March 23, 2023

148. U.S. Army Corp of Engineers slow walks Line 5 permitting process.

www.instituteforenergyresearch.org

 

March 30, 2023

149. California gasoline price gouging bill. California Democratic lawmakers

approved a bill that could provide a penalty for supposed price gouging at the

gasoline pump, allowing regulators the power to fine oil companies for

supposedly profiting from gas price spikes similar to those that California

experienced last summer. Democratic Governor Gavin Newsom called for a

special legislative session to pass a new tax on oil company profits after the

average price of gas in California hit a record high of $6.44 per gallon, according

to AAA. State regulators, however, did not pass a new tax because they were

worried about supply shortages and higher prices as oil companies pass the new

tax onto consumers.

 

March 31, 2023

150. New York State to ban gas stoves in new buildings. New York will become the

first state to pass a law banning natural-gas and other fossil-fuel hookups in new

buildings on its way to meeting President Biden’s net zero carbon goals and the

state’s own targets for greenhouse-gas reduction. The New York State Climate

Leadership and Community Protection Act, passed in 2019, calls for a reduction

in economy-wide greenhouse-gas emissions of 40 percent by 2030 and 85

percent by 2050 from 1990 levels.

 

April 12, 2023

151. Biden Releases New rules to force electric Vehicles on Americans. The New

York Times notes that EPA is releasing rules that are intended to ensure that

www.instituteforenergyresearch.org

electric cars represent between 54 and 60 percent of all new cars sold in the

United States by 2030 and 64 to 67 percent by 2032—in 9 years. That would

exceed President Biden’s earlier goal announced in 2021 to have all-electric cars

account for half of new car sales by 2030. The purpose of the new EPA

regulations is to essentially regulate cars with combustible engines out of

business by making the rules so stringent that car companies cannot comply,

which is a de facto death knell. Today, less than six percent of cars are electric,

despite tax credits of up to $7,500. The federal government is also providing tens

of billions of subsidies to the battery producers and offering prime parking

spaces to electric vehicles with charging stations at nearly every shopping center

in America. This ruling would result in a complete transformation of the

automotive industrial base and the automotive market, whether the American

public likes it or not.

 

 

Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now