The Inflation Reduction Act of 2022 On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA). The IRA reconciliation package includes $369 billion in funding and subsidies to support the transition […]
(Reuters) Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kick start carbon sequestration projects, say oil and gas proponents, offsetting startup costs for […]
William Henck, a former Internal Revenue Service (IRS) lawyer who was forced out after making allegations of internal malfeasance, said the government will target middle-income Americans with new audits under the Inflation Reduction Act. Henck, […]
A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets. The return could be swift if Tehran’s previous comeback […]
The hype around the Inflation Reduction Act of 2022, also known as the Manchin-Schumer bill, has been extraordinary. On Aug. 8, New York Times opinion columnist Paul Krugman published a piece headlined “Did Democrats Just Save Civilization?” […]
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills The bill imposes a regressive tax on American oil and gas development. The tax will drive up the cost of household energy bills. The […]
President Joe Biden has declared he will “end fossil fuel.” Presidents have declared war on everything from poverty to drugs, but his declaration is much more sinister. His is really a civil war. The combatants are heavy-handed […]
Contrary to its title, the US Inflation Reduction Act will usher in more energy service inflation in the next 18 months as the incentives offered to manufacturers struggle to keep up with the increased demand triggered […]
BISMARCK – U.S. Senators Kevin Cramer and John Hoeven (R-ND) issued the following statements after the D.C. District Court approved North Dakota Attorney General Drew Wrigley’s Motion to Intervene in environmentalist interest groups’ attempt to invalidate […]
WTI crude has lost ~9.5% over the previous week, landing at $89.26/bbl, losing essentially all the gains it had made since Russia invaded Ukraine. It was the largest one-week percentage decline since April, amid growing […]
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