The `Inflation Reduction Act’ Disaster

The “Inflation Reduction Act” is a 4-step recipe for destroying American energy

Want to know whether a candidate is truly supportive of American energy? Here’s one simple test: Did they oppose the “Inflation Reduction Act”?

Want to know whether a candidate is truly supportive of American energy?

Here’s one simple test: Did they oppose the “Inflation Reduction Act”?

If not, then they supported one of the most destructive energy policies in American history.

  • The “Inflation Reduction Act” is a 4-step recipe for destroying American energy
  1. Make us more dependent on unreliable electricity
  2. Impose new oil and gas taxes during an energy crisis
  3. Give the Environmental Protection Agency more power to restrict fossil fuels
  4. Give more power to anti-fossil-fuel activists

Step 1 of the Inflation Reduction Act’s recipe for destroying American energy:

  • Make us more dependent on unreliable electricity by
  • 1) reducing the supply of reliable electricity via solar and wind favoritism
  • 2) increasing demand for electricity via electric vehicle and other electricity subsidies

Step 2 of the Inflation Reduction Act’s recipe for destroying American energy:

  • Impose new oil and gas taxes during an energy crisis
  • At a time when we and the world desperately need more oil and gas the Inflation Reduction Act imposes 4 new taxes on the oil and gas industry that make production more expensive.
  • The world is in the midst of an energy crisis—specifically a crisis of lack of fossil fuel supply, which has increased the cost of energy and increased Europe’s dependence on Russia. To help ourselves and our allies we need to foster fossil fuel production.

Step 3 of the Inflation Reduction Act’s recipe for destroying American energy:

  • Give the Environmental Protection Agency more power to restrict fossil fuels
  • The Environmental Protection Agency’s use/abuse of its existing powers has crippled our grid and handicapped our fossil fuel industry. The Inflation Reduction Act gives the Environmental Protection Agency much more dollars and power to do far more damage.

Step 4 of the Inflation Reduction Act’s recipe for destroying American energy

  • Give more power to anti-fossil-fuel activists
  • “Environmental justice” activists have handicapped US energy, especially crucial infrastructure like pipelines. The Inflation Reduction Act offers billions of dollars for activists to do more damage.
  • One major cause of today’s energy crisis is the outsize power that various anti-fossil-fuel, anti-nuclear activists have to stop crucial projects: drilling rigs, power plants, pipelines, export facilities, etc.
  • Instead of neutralizing these activists the IRA empowers them.

See the Talking Points for more details and explanations.

https://alexepstein.substack.com/p/the-inflation-reduction-act-is-a

 

 

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