News Updates

5 Things To Know About Biden’s Energy Tax Attack
When asked during the final presidential debate if he’d “close down the oil industry,” Vice President Joe Biden initially responded that he would “transition from the oil industry” but soon clarified that he meant “getting rid of the subsidies for fossil fuels” and his campaign specified he meant “ending oil subsidies.” While Biden’s quick clean up indicates he understands how important the natural gas and oil industry is to America, it also reveals a misunderstanding about how the tax code treats the industry. To help clear up the confusion, here are five things to know about how tax policy treats the natural gas and oil industry.

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Final Presidential Debate Briefing
Ahead of the final presidential debate taking place tonight, be sure to read our brief primer so you can be up to speed on many of the nation’s top energy and climate change-related issues.

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ICYMI: Pittsburgh Post-Gazette Ed. Board: An American success story
Since 2010, America’s oil output has more than doubled and gas production has increased by over 50%. The United States now leads the world in the production of both fuels, while also doing more to reduce its energy-based carbon emissions than any other country. According to the International Energy Agency, the United States saw the largest carbon-dioxide emissions decline from electricity generation in 2019 among nations

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Biden’s Energy Plan Escapes Tough Scrutiny
Axios’ Mike Allen wrote yesterday that former Vice President Joe Biden has received “shockingly little scrutiny,” saying he is the “least scrutinized frontrunner” and “has yet to be pinned down on an array of legitimate questions.” No doubt that many would dispute Allen’s assertions, but the lack of scrutiny of Biden’s climate and energy plan has allowed the reality of these proposals to fly under the radar. With just weeks until election day, the Washington Examiner’s energy & environment reporter, Josh Siegel, notes that many have underestimated the implications of Biden’s federal drilling ban.

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California’s Blackouts Spell Trouble for Biden’s Clean Energy Overhaul
California’s Mandated Transition To Clean Energy Has Been Ongoing Longer Than The Entire Amount Of Time That Biden’s Plan Allots For Transitioning The Whole Nation To 100% Clean Energy

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Biden’s Federal Land Fracking Ban 
Biden’s  climate/energy plan would also ban “new oil and gas permitting on public lands and waters,” which is a de facto ban on new fracking within federal lands. In the context of federal lands and waters, Biden’s proposed ban actually goes further than a fracking ban as it would ban all new natural gas and oil development even if fracking is not involved.

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ICYMI: Pittsburgh Post-Gazette Editorial: Biden’s Confusing Stand on Fracking 
The Pittsburgh Post-Gazette Editorial Board is weighing-in on former Vice President Biden’s fracking comments from yesterday, highlighting Biden’s unclear fracking remarks and his failure to “speak out clearly and forcefully” about the importance of fracking to Pennsylvania.

 

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ICYMI: WSJ Ed. Board: About Joe’s Energy Job
The Wall Street Journal Editorial Board is shining a light on some questionable jobs claims made in former Vice President Joe Biden’s energy/climate plan. The new editorial examines how the jobs the plan seeks to create would be worse than the jobs it seeks to destroy in the natural gas and oil industry.

 

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No Malarkey – American Energy is Changing the Paradigm
In a new video created by API, Biden showcases the many benefits of America’s vast natural gas and oil resources, like reducing the United States’ dependence on foreign oil and having a 100-year supply of natural gas that, according to Biden, can meet America’s “every single need.” Most importantly, Biden praises how our industry “changed the paradigm of manufacturing” with affordable energy, making U.S. manufacturing competitive worldwide and spurring job growth at home.

 

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Rolling Blackouts Darken Golden State’s Shimmer
Recently, millions of Californians suffered under rolling blackouts amid soaring temperatures as electrical utilities struggled to meet skyrocketing demand. During daylight hours, California has a surplus of solar energy. But power demand remained high after sunset higher than what could be generated.

 

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DNC Keynote Speakers Tout U.S. Oil & Gas
If Democratic policymakers want to ‘build back better’ while also keeping the lights on, they’ll want to support the continued development of America’s vast natural gas and oil resources, which provides reliable, affordable, and cleaner energy.

 

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