Category: Energy policy

[PREMIERING NOW] The Best Way to Fight Inflation: Nick Recce

Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…


The Best Way to Fight Inflation: Nick Reece

Nick Reece is vice president of investment strategy at Merk Investments. His research focuses on the market and the economy. Throughout the pandemic, Reece’s predictions for the economy and the stock market have been highly accurate. Now, with the Federal Reserve hiking interest rates in a bid to fight inflation, Reece admits it could do…


Joe Toomey’s Searing Indictment of President Biden’s Energy Policies

Commentary With the midterm elections just two weeks away, it seems almost too easy to pick on President Joe Biden. His approval ratings are bad (about 38 percent of those polled approve of his job performance) and candidates from his own party are staying away from him. As ABC News reported recently, “Democrats in make-or-break…


US Circuit Court Ruling Clears Biden Administration’s Executive Order Pausing New Oil and Gas Leases

The 5th Circuit Court of Appeals in New Orleans, on Aug. 17, cleared the way for the Biden administration’s pause on new oil, gas leasing on federal lands and waters, issued in 2021. A lower U.S. district court in Louisiana previously ordered that the administration to cease its moratorium on new oil and gas leasing on…


Gas Prices Fall Below $5 per Gallon After Reaching Historic High on June 14

The average price for a gallon of gas in the United States remains below $5, falling for the fourth consecutive day after hitting a high of $5.014 during the week of June 13, 2022. The price of gas dropped to $4.981 per gallon on June 20, according to AAA, after gas averages fell to $4.99 per gallon on…


Manufacturing Association Maintains Climate Litigation Is Federal Matter Not One For States

The Manufacturers’ Accountability Project (MAP) has criticized the United States 4th Circuit Court of Appeals’ April 6 ruling that remanded a climate change lawsuit—lodged by Baltimore against multinational oil companies—to state rather than federal courts for resolution. The unanimous ruling by a three-judge panel “misses the real issue here,” MAP special counsel Phil Goldberg said…


Drilling Permits Don’t Equal Oil Production: Rep. Garret Graves

The Biden administration lacks an understanding of how the energy industry works, and its recent statement regarding 9,000 approved drilling permits reflects as such, said Rep. Garret Graves (R-La.). According to White House press secretary Jen Psaki in a March 7 press briefing, it’s inaccurate to say the Biden administration is not allowing companies to drill….


Trump, Graham Decry Biden Plan to Tap Strategic Petroleum Reserve

President Donald Trump and Sen. Lindsey Graham (R-S.C.) decried President Joe Biden for his decision to pull from the Strategic Petroleum Reserve (SPR) amid skyrocketing energy costs. The announcement, made in a White House press release, comes as the United States faces unprecedented inflation, which has had the most notable effect on the energy sector….


Biden Energy Policies Heading America Toward a ‘Full-Fledged Recession,’ Oklahoma’s Rep. Mullin Warns

President Joe Biden’s recent energy policy decisions to stop Keystone XL pipeline construction and halt oil and gas industry drilling on federal lands will put America’s economy into “a full-fledged recession,” according to Rep. Markwayne Mullin (R-Okla.). “Absolutely, there is no doubt with the devastating executive orders that are coming out of the Biden administration…


Half of GOP Senators Back Bill to Block Biden Energy Ban

Dozens of Senate Republicans are supporting a bill introduced by Sen. Cyntha Lummis (R-Wyo.) that would prohibit the president and certain other federal departments from blocking energy or mineral leasing permits on federal lands without congressional scrutiny. The Protecting our Wealth of Energy Resources (POWER) Act of 2021 (pdf), supported by at least half of Senate…