The Inflation Reduction Act was supposed to increase permitting in the US. As the election nears, Biden is blocking oil drilling and mining in the Alaska.
About Those Sanctions on Venezuela and Iran
The Wall Street Journal comments Biden Piles Sanctions on Alaska
Alaska Sen. Dan Sullivan likes to quip that the Biden Administration has imposed more sanctions on Alaska than he has on Iran. He has a point. On Friday the Administration further restricted oil, gas and critical mineral development in the Last Frontier State.
The Interior Department blocked new oil and gas leasing on 13.3 million acres in Alaska’s National Petroleum Reserve. Congress expressly set aside the region in 1923 for oil and gas development, but the Administration ignores this and says drilling would disturb the Arctic’s “natural wonders.” Yet energy development and environmental protection aren’t mutually exclusive.
Interior on Friday also denied a permit for a 211-mile road necessary to develop the Ambler Mining District, which is one of the world’s richest deposits of copper, cobalt, gallium, germanium and other critical minerals. The Trump Administration granted the permit, but Biden officials used a lawsuit by green groups to reconsider and veto the project.
The Administration is heavily subsidizing chip-making factories, supposedly to bolster national security and U.S. manufacturing. Yet now Mr. Biden is effectively shutting down one of the country’s biggest critical mineral deposits that would do both.
As Democratic Rep. Mary Sattler Peltola notes, “Alaska has a wealth of natural resources that can be responsibly developed to help boost domestic manufacturing and innovation.” Yet, she says, the Administration is “steamrolling the voices of many Alaska Natives” and “failing to strike a balance between the need for gap oil and natural gas and legitimate environmental concerns.”
All of this punishment for Alaska comes as the Administration eases sanctions on Venezuelan oil production and fails to enforce oil sanctions on Iran. Meantime, the Russians and Chinese are increasing investment in Arctic oil, gas and mineral development. If Alaska were a dictatorship hostile to U.S. interests, it would get better treatment. Alas, it’s merely a U.S. state that doesn’t vote for Joe Biden.
Told Ya So Joe
On March 30, 2023, I commented Senator Joe Manchin Feels Betrayed by President Biden, Told Ya So Joe
Senator Manchin: When President Biden and I spoke before Congress passed the Inflation Reduction Act last summer, we agreed that the bill was designed to pay down our national debt and shore up America’s energy security. It was designed to generate $738 billion in new revenue, with more than $238 billion dedicated to debt reduction, the first serious piece of legislation in more than two decades that the Congressional Budget Office estimated would have done that.
Yet instead of implementing the law as intended, unelected ideologues, bureaucrats and appointees seem determined to violate and subvert the law to advance a partisan agenda that ignores both energy and fiscal security. Specifically, they are ignoring the law’s intent to support and expand fossil energy and are redefining “domestic energy” to increase clean-energy spending to potentially deficit-breaking levels. The administration is attempting at every turn to implement the bill it wanted, not the bill Congress actually passed. Ignoring the debt and deficit implications of these actions as the time nears to raise the debt ceiling isn’t only wrong, it’s policy and political malpractice.
Bait and Switch
At the time, I commented “This railroad bait-and-switch job was easy to predict.”
The most galling aspect of the bait and switch is a desperate need for rare earth minerals including gallium and germanium.
Critical Materials Risk Assessment by the US Department of Energy
Please consider a Critical Materials Risk Assessment by the US Department of Energy
Our own Department of Energy has placed some of the rare earth minerals we need for weapons systems, windmills, batteries, and aircraft on a critical materials list.
Nearly all of them are mined or refined in China. Yet Biden just blocked production in the US. See the previous link for discussion.
Moron
Another 800k barrels added to the SPR. It’s up 19 million barrels since the lows last year. Wonder if Biden will tap into it again before the election in order to lower gasoline prices a bit?
“The Administration is heavily subsidizing chip-making factories…”
The sheer naivete of these children is just mind boggling!
Noone is subsidizing “factories.” How would that even be done? Dropping dollar bills on their roofs?
What, or more accurately who, is being subsidized, is the factories’ owners. Which, by now, are noone other than the same illiterate, useless, dumber-than-any-doorknob-at-least-I-would-ever-install-in-my-house retards, which have; over the course of a single generation of Fed enabled, pervasive idiotification; mismanaged and destroyed all of what was once the world’s leading chip making industry, right here in the US.
IOW: What’s being done is simply ever more handing over of Americans’ money to the rankest-of-retards Fed promoted “ownership society” idiot class. Which have already ensured the country is now largely a backwater even compared to Iran. Because they, to a person and with NO exceptions whatsoever, are all simply too unintelligent to do anything other than waste, mismanage and render useless any and all the loot that our totalitarian terror state government insists on uncritically transferring to them in ever greater amounts.
100% accurate
I call it “SCAMBOLI” land
Inhabited by Scambolians
Everyone is scamming everyone else.
Nothing is immune from financial depredation.
Everything is eating everything else in this final Orgy of Greed.
The thunder dome of “inter generational theft” is underway.
The only exit from this madness is the madness of global war.
People have gone mad. The image of the congressional cretins waving Zukie flags owned by the MIC says it all.
“Yet instead of implementing the law as intended, unelected ideologues, bureaucrats and appointees seem determined to violate and subvert the law to advance a partisan agenda that ignores both energy and fiscal security.”
No s$!#, Sherlock! What did the naif think such arbitrary “laws” are made up for?
Putin declared he prefers a Biden’s victory, because he is more predictable. I suppose the russian president was thinking about another word, but he is too polite to said it.
Blocking rare earth metals, must be a favor for the 10% I’m guessing? Why else would such a stupid, and absolutely reckless decision be made?
While pushing technology on the Country that we are not ready for yet, and he’s stopping us from gathering the materials we need to do so, and forcing us to use our Adversaries, if and when they feel like it, to help us out when needed. Idiots…
….and to think it was your ‘peaceful’ orange clown at the time, imposing sanctions on Venezuela, wanting ‘democratic’ regime change there, even considering military intervention, go figure ! People thinking that *****grabber will Make America Great Again are in for a big disappointment again, his narcist fat ass would definitely get greater, and that s where it ends. It doesn t really matter who s the next American president, it is Deep State, Pentagon, CIA etc calling the shots. Trump is perfectly aware of that fact and would have to follow suit again, then he doesn t want to become victim of a unfortunate ‘accident’, Trump only cares about Trump, self sacrifice not being part of his ‘programme’ …..
The beginning of the end … of EVs…
link to theguardian.com
Hardly. Just Tesla losing market share to the competition. EV and PHEV sales will continue. Which is a good thing for those that drive ICE vehicles as it will reduce demand for gasoline and help put downward pressure on gas prices going forward (not counting taxes of course). You should be cheering for more EV sales, rather than wishing they would disappear.
Total Fail. F.
EVs are useless machines charged using electricity generated mostly by coal.
What cannot continue will stop.
What makes no sense will stop.
Biden’s Puppet Masters want to resume oil imports from Venezuela because they (falsely) believe it will help keep prices at the pump down, and that would help Joey’s re-election prospects.
Biden is China’s puppet.
Dear Bayleaf, I think you said more than you thought you did. There are people in China (and Russa) that can fill in the gap between Hunter getting paid and Joe providing some benefit. Those people would “Own” Joe. They will have the final say as who becomes our next President.
We should lift all sanctions on Venezuela. They were only placed there because the Bush administration didn’t like their elected leader Hugo Chavez and the CIA coups against Chavez failed. Determined to crush their economy for defying us it’s caused a massive influx of Venezuelans across the southern border looking for a better life. Lift the sanctions on Cuba too.
Lithium prices have dropped 84% in the last 18 months. I think that’s a pretty good indication that supply is not at risk.
No worries of increased EV demand either.
Lithium is not a rare earth.
Happy Earth Day (Monday) … since 1970 a special day to help remind us to give the elites additional control and power.
The Republican candidate will use Biden’s policies against him in the debates. Imagine a Republican telling climate activists Biden prevented essential metals that are needed for EV production from being mined at all. The little tree huggers would be shouting, “Fake News!”
Debates? There aren’t going to be any debates.
Interesting. Considering that the Biden Administration approved the Willow Oil Project for Conoco Phillips in the same area last year over the protests of many. That project, and others already in production are unaffected by this decision. Just future projects. For now. This is easily changed as the situation changes. But bullish for oil right now.
Meanwhile:
The U.S. House of Representatives has passed new sanctions on Iranian oil exports, giving the White House the ability to go after all ships, ports and refineries of Iranian crude. The U.S. Senate is expected to pass the legislation next week.
The new bill gives President Joe Biden room of manoeuvre with waivers and also a 180 day period before implementation. So let’s see how it impacts ultimately any flows. But clearly targets Iranian oil exports into China.
(The White House has promised support of the approval of the bill already)
And there’s the Iran-China Energy Act too, which aims secondary sanctions at Chinese banks with Iranian oil transactions of any size. So, unless WH relies on waivers and doesn’t identify all entities, it seems Chinese oil imports could be targeted just before the US election…Also bullish for oil.
We live in interesting times.
Got oil?
OIL!!! Because?
Fabricating scarcity is just so easy to do.
global warming, bombed refineries, destroyed countries, blown up pipelines, blocked transit points, assassinations, regulations, rationing, sanctions, seizing tankers, ocean and jungle spills, scaremongering the end of oil and environmental laws like this.
No other industry has so many fabricate-able choke points .
The spice flows.
When they say it will flow.
He who controls the oil controls the world (and the elections. You could have asked Carter about that one.
Stable Russia throws a wrench into all of that.
Venezuela and Iran are also a problem.
Libya was a problem.
Iraq was a problem – becoming a problem again.
Syria is a problem.
You can’t control the world without controlling oil.
That’s why WW3 is 100% inevitable and well underway.
The Chinese regime needs cheap stable oil to maintain control of their billion plus people now living middle class lives. The US can’t compete because a pipeline is just so much easier. Draw your own conclusions from that.
Your welcome
Lol! What a rant!
Are you aware that the US is the world’s largest producer and exporter of oil?
link to m.youtube.com
There is one BIG reason we should produce and export more oil and gas.
We need the money!
Not sure what you mean exactly.
Who is “WE”? Who gets that money? Mostly the companies and their shareholders. Are you a shareholder? Then, yes, you will get some of that money.
And yes, some of it goes to the government in taxes. So WE all benefit in a tiny way.
Or are you talking about balance of trade?
Mostly agree but for the description of the Chinese as middle class. Perhaps 200 million are but at least 300 million are below middle class and 500 million are poor to very poor with incomes below $100/month. Probably better off now than in the past of course as a Chinese lady I knew described growing up without ever seeing such basics as milk.
And Xi wil do whatever it takes to ensure China doesn’t go backwards including engaging in resource wars.
The diamond cartel has fewer production points and tighter control of sales. Their product wasn’t particularly rare and is only useful in a handful of applications, yet the cartel convinced the masses that their ‘product’ was scarce and drove prices to ridiculous levels — even automobiles don’t depreciate as quickly as diamond jewelry!
Can’t comment on the real article, but easing restrictions on Venezuela is a good move. This is not our battle. Leave the Venezuela alone and let their people decide. While we are at lift the sanctions on Cuba.
Everybody who is surprised by this … smack yourself in the head for being so foolish. Don’t allow fossil fuel development AND don’t allow mining for crucial materials for EVs, chips, and other green energy needs. It plays well on the Sierra Club list of accomplishments … but it plays horribly for the American people. The media will try to gaslight it as a win for the American people … and 3 years ago I’d have said that the American people are too smart to be gaslit like that … now … they probably are not.
Instead of bitching and complaining, how are you investing to take advantage of this?
The Biden regime is all but guaranteeing US weapons production and advanced manufacturing technologies, (arguably the last industrial advantage the US has left), will all be held hostage by China when they invade Taiwan.
It is asinine giving the Chinese even more leverage over the US than they already have….it’s almost like Biden is a Manchurian Candidate irl….
How about incorporating this into an article? Obviously these are mostly vaccine injured:
UK data shows 2.8 Million (16-64 yrs) are too sick to work – O.N.S
700,000 increase since 2020
•UK Disability & Illness Is at an All Time High For Working Age Population and continues to increase
•1/5 of the working-age population in the UK has what it calls a work-limiting condition.
•An increase of almost 700,000 people since 2020 unable to work
link to apple.news
I am now going to get motivated to dig into the net and get the Demented Fool rushing up to a small gaggle of kiddies at a rally SCREECHING “Look into my eyes I promise you I am going to eliminate hydrocarbons”.
So then all the millions of planes and trucks hauling goods, food and fuel around the world will then run on windmills and solar panels?
His dementia and ignorance have only accelerated since then.
Most environmentalism is simple-minded boomers pulling up the ladder to protect younger generations from financial success.
Nope: studies show that concern for the environment declines with age. So its 1. GenZ , 2. Millenials, 3 GenX, and 4th and last, boomers.
You should remove generations from your comment and just go with age ranges. Practically speaking, the younger one is the more years one expects to be above ground so it is in one’s interest to care more about the long-term health of the environment.
Lol, I don’t think you mean the “boomers”, riding around in their gas-guzzling SUVs and Ford Trucks. You probably meant the collection of more recent “whiner” generations, riding around on their bicycles and Prius’ and whining about everything, didn’t you?
Such misguided BS.