The United States Strategic Petroleum Reserve has fallen to its lowest inventory level seen since 1985 under the stewardship of President Joe Biden and his Democrat-controlled Congress. Repeated withdrawals from the reserve have been leveraged […]
The latest consumer-price index showed inflation accelerating at 9.1%—a four-decade high. This news was followed by the producer-price index, a key indicator for where consumer prices are heading, hitting a near-record 11.3%. Inflation in the […]
McDermott Will & Emery’s Summary of the IRA is below. On July 27, 2022, Senator Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) announced that they had reached an agreement on a proposed […]
President Joe Biden this week signed into law ambitious new legislation that aims to address human-caused climate change over the next decade. The Inflation Reduction Act, which passed in the House and the Senate along party lines earlier this month, also addresses inflation, […]
From California to Texas to New England, America’s power grid reliability is in alarming shape. And there’s a common thread: The nation is taking apart its existing energy infrastructure far faster than it’s building reliable […]
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 […]
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, […]
In Episode 3 of The Energy Question with David Blackmon, David and the Sandstone Energy’s Stu Turley interview Sarp Ozkan, Vice President of Commercial Product at Enverus, and Tim Stewart, President of the U.S. Oil & Gas […]
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 […]
$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 […]
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