Tag Archives: oil and gas industry

Congress Strikes Back

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On January 26th, the Biden administration announced a temporary pause on pending approvals of liquefied natural gas exports, claiming that natural gas, as a fossil fuel, is partially responsible for climate change.

On January 27th, World Net Daily reminded us:

Natural gas is considered to be the cleanest variety of energy-dense fossil fuels, and and U.S. LNG is about 30% cleaner than Russian LNG, for example, according to ClearPath.

“Despite the White House’s claims to the contrary, it is profoundly absurd to claim this action will do anything to curb emissions. The natural gas to meet global demand will come from somewhere — either from the US, where it is produced more responsibly than anywhere else on earth, or from other nations with far fewer environmental regulations,” David Blackmon, a 40-year veteran of the oil and gas industry who now writes and consults on the energy sector, previously told the DCNF (Daily Caller News Foundation).

I am sure that Russia appreciated the pause.

Well, Congress has had enough.

On February 15th, The Daily Caller posted the following headline:

‘Easy Vote’: House Passes Bipartisan Rebuke Of Biden Admin’s ‘Radical’ Natural Gas Restriction

The article reports:

The House passed a bill Thursday that would effectively lift the Biden administration’s pause on new liquefied natural gas (LNG) export terminals.

The lower chamber of the legislature passed the “Unlocking Our Domestic LNG Potential Act,” introduced by Republican Rep. August Pfluger of Texas, by a 224-200 bipartisan vote, with nine House Democrats crossing the aisle to join Republicans in voting in favor of the bill. The bill would remove the Department of Energy (DOE) from the process of approving LNG export terminals and give the Federal Energy Regulatory Commission (FERC) exclusive discretion over whether or not to green light LNG export hubs, according to its text.

All of the Republicans in the House who were present voted for the bill. Nine Democrats also voted for the bill.

The article at The Daily Caller also notes:

“President Biden was pretty clear when, as a candidate, he said, ‘I guarantee you. We’re going to end fossil fuel.’ He has used every weapon and every tool available to make it more difficult on this industry,” Pfluger told the DCNF. “This export ban is just the latest strike in his efforts to appease his radical climate interest groups who refuse to accept the reality that American energy is the cleanest, most secure option for the U.S. and our allies. If you care about energy, about the security of the country, and about what the energy industry has done to lower prices for American households and strengthen our allies and partners, then this is an easy vote.”

If the  American economy is going to survive the Biden administration, we need to be able to harness domestic energy.

 

 

Good News?

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I was very unhappy when Senator Manchin signed on to the Inflation Recovery Act. I was not necessarily surprised, as he has caved in the past when his vote was critical. However, it seems as if there might be a silver lining to this atrocious bill. Please follow the link to the bill to read the Associated Press’ comments on the legislation.

On Sunday, Hot Air reported the following:

Some of the Democrats who have been spiking the ball in the end zone after the passage of the so-called “Inflation Reduction Act” probably didn’t read all of the finer details in the bill. They’ve been celebrating its passage along with Joe Biden as the “biggest climate legislation” to ever be passed. They have also been grudgingly thanking West Virginia Democrat Joe Manchin for getting the bill over the finish line. But it turns out that Manchin snuck in a few items that haven’t drawn many headlines yet and the climate warriors aren’t going to be very happy about them. While there were billions of dollars for wind and solar energy incentives in the bill, there were also provisions to bolster the oil and gas industry and keep it viable for quite some time to come. And previously stalled permits for drilling both on federal lands and offshore are about to be back on track. (Associated Press)

The article notes:

The most amusing part of this story is perhaps not the underlying news about new oil and gas leases, but the language the AP reporter chose to employ. After the CBO report came out, along with multiple analyses from economists, they’ve basically given up on calling the recent legislation the “Inflation Reduction Act.” In the title of the article, they simply call it the “climate bill.” They then go on to call it the “climate measure.” You have to dig down to the third paragraph before they bother mentioning the actual name of the bill as it was crafted.

The article concludes:

The oil and gas industry clearly saw this coming and they had been preparing. Despite the CEO of Chevron predicting earlier this year that no new oil refineries might ever be built in the United States again thanks to Joe Biden, we learned in recent weeks that Meridian Energy Group has received approval and is moving forward on construction of a new refinery in North Dakota. Two other previously shuttered refineries are undergoing refurbishment and will reopen later this year.

Don’t get me wrong, here. There are still plenty of awful things in this “climate bill.” But these additions lashing renewables and fossil fuels together have at least brought us a few significant steps closer to the “all of the above” energy policy that America needs to survive into the next century.

There may actually be a silver lining to this monstrosity.