Guest “Always look on the bright side of life” by David Middleton
While there a lot of things to dislike on the Deficit Reduction Act of 2022, that is infinite Better than its predecessor, Build Back Better, and Senator Joe Manchin (D-WV) appear to have made major energy concessions, especially regarding fossil fuels.
Manchin energy playground level. Sort.
Senator Joe Manchin’s new proposal cuts renewable energy subsidies by 80%, expands it to nuclear and renewable energy leases on federal lands dependent on oil and gas leasesMichael Shellenberger
July 28Over the past two weeks, Democrats have rated Senator Joe Manchin (D-WV) as a fossil fuel-funded sell-out for kill proposed climate and energy legislation, which he argues would be subject to inflation. Today they are smearing Manchin for rescuing a bill that would be, follow arrive New York Times“The most ambitious action the United States has ever taken to try to prevent the planet from catastrophically overheating.”
But law also cut the 80% renewable energy tax credit, extended it to existing nuclear plants, and banned solar development on federal land or in federal waters, unless sales Petroleum leasing has also been issued. As such, legislation would go a long way toward doing what Manchin has said he has long wanted to do, which is leveling the playing field between all energies.
[…]
The bill appears to force Biden’s illegal regulator to comply with the law and organize offshore rental sales. It also explicitly ordered the Interior Ministry to honor the results of Sale for Rent 257, which was illegally invalidated by a corrupt Obama judge.
3 (b) LEASE FOR SALE 257 REINSTATEMENT.—
4 (1) ACCEPT BABY. — No later than 30 days
5 after the date of enactment of this Act, Section 6 shall be retrial, without modification or delay—
7(A) accept the highest valid bid for each
8 Streets or Tender Units of 257 Lease for Sale
9 for which a valid bid was received on November 17,
10 years 2021; and
11 (B) provide a suitable lease to
12 contractors won the bid for implementation and reimbursement.
The bill further orders the Department of the Interior to promptly issue leases and abide by “the terms and conditions of the final sale notice entitled “Oil and Gas Lease Sale in the Continental Shelf of the Gulf of Mexico.” .
It also specifically orders the Home Secretary to hold and honor the results of, at least one rental sale abroad by 2022. These terms have angered Enviromarxists…
Sustainable climate agreement
Via DEBRA KAHN
July 29, 2022
[…]
In a radio station interview Thursday, Manchin said he’s focused on including benefits for fossil fuels because most Democrats don’t appreciate that their climate goals will only work if the U.S. energy independent.
“It’s hard to get people to even think that, because they’re so aspirational – ‘Get rid of all the fossils, get rid of all the coal, get rid of all the oil, get rid of all the gas, get rid of all the gas. things,'” he said. “Yes, and it’s going to be hell in a flash.”
The language would require rental sales in the Gulf of Mexico and offshore Alaska, as well as federally binding renewable energy and oil and gas leases. The Center for Biodiversity has called its decision to “combine” renewables and oil a “climate suicide pact,” as E&E’s Scott Waldman said. write.
[…]
How Manchin-Schumer will change energy, from oil to solar
By David Iaconangelo, Heather Richards, Carlos Anchondo, Peter Behr | July 29, 2022[…]
Oil and Gas
Along with many climate-targeted policies, the bill contains provisions that would promote oil and gas, to the chagrin of activists but in line with Manchin’s priorities – and its efforts. he aimed to appease GOP legislators and avoid partisan opposition.
Perhaps most importantly, the package would force the president to rerun a Gulf of Mexico oil auction from last year that was vacated by a federal judge. It would also force the White House to cancel three more offshore purchases, two in the Gulf and one off the coast of Alaska, which were canceled by the White House earlier this year.
The language, however, is limited to specifying what the Biden administration does with its pending five-year foreign lease plan that will govern this out-of-state oil and gas leasing. .
Erik Milito, president of the National Association of Ocean Industries, said the bill is a compromise that is “grounded in fact” and is “a serious way forward that will help raise energy offshore of all kinds, for the betterment of our nation.”
Shell PLC CEO Ben van Beurden said in a meeting with reporters he was pleased to see the bill include future offshore oil and gas exploration leases.
Van Beurden and others in the industry have argued that the world’s oil producers need to invest more in new sources of oil and gas to help lower fuel prices. Many experts also note that climate policymakers need to focus on reducing demand for oil and gas rather than production, as cutting crude oil supplies could have economic consequences. extensive.
“In countries with very strong domestic supply, just cutting back on domestic supply in the hope that domestic demand will somehow follow is not a realistic policy,” says Van Beurden. “If you go ahead with the basic supply cut, the only thing that’s going to happen is that you’re going to import it from somewhere else.”
But with the growing climate threat putting pressure on society, some groups have criticized the proposed oil and gas package.
“This so-called deal forced by Senator Manchin is what we look forward to when Congress is so divided and friends and beneficiaries of the fossil fuel industry have effective control. ‘climate’ policy outcomes,” said Food & Water Action Executive Director Wenonah Hauter in the report. for all of us.”
[…]
Looks like I better be ready to do a rental this year!
Of course, there’s always the possibility that the lousy left of the Democratic Party will follow through with Enviromarxts’ demands and prevent it from passing the House.
When asked if he would support a Biden reelection bid, Senator Manchin had an interesting answer…
When asked if he believes Biden has earned his second semester, Manchin initially insisted that each citizen should consult their own conscience. When forced to weigh in with his own thoughts, Manchin said, “If Joe Biden runs again – if he’s the Democratic nominee – it depends on who the Republican candidate is. ai, we’ll just have to wait and see.”
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