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.