American Energy and Environment Plan - TEA



American Energy and Environment Plan

Your Weekly Dose of  “Common Sense” Energy News

Presented by: The Empowerment Alliance

February 3rd, 2023

As the House leadership formulates an environmental and energy direction, we suggest Republican lawmakers follow our Common Sense Energy Agenda It will benefit lower- and middle-income households and America’s small businesses because it puts America’s economic prosperity and environmental cleanliness first.

American natural gas is providing numerous countries around the world with clean, abundant, and reliable energy at the very moment Europe and Asia are in desperate need of cleaner burning fuels. This should be a point of pride for all Americans.

It’s easy to talk about renewable energy and the energy transition, but the world needs the hydrocarbons that are coming from American shale deposits. Fortunately, domestic drillers are up to the task. We encourage the following:

  • Secure America’s energy independence with natural gas and make the world safer.
  • Encourage States to prohibit natural gas bans.
  • Build more natural gas and energy pipelines.

U.S. House Republicans, a couple of weeks ago, passed with bipartisan support a bill to prohibit the Energy Department from selling the nation’s stockpile of crude oil to China or affiliated entities. That’s a great start toward securing domestic energy. To go a step further, lawmakers should follow Ohio’s lead and label American natural gas as clean and green energy.

The December winter storm again serves as a reminder of the importance of natural gas for grid reliability.

Power grids across the United States require a robust and healthy energy mix to ensure safe, reliable, and affordable power is delivered to consumers, especially during peak demand and extreme weather events. While natural gas often works in harmony with renewables, replacing it altogether is not a one-to-one transition. Failing to include natural gas generation in future energy forecasts will only lead to more blackouts, to the detriment of many homeowners and businesses.

Bottom Line: Natural gas is the energy solution today and for decades to come. Unleashing natural gas is the solution to affordable energy while helping improve the environment and securing America’s energy independence.

It’s a brand new year, but it’s the same old tax-and-spend Joe. Think we’re kidding?
Here is a list of energy tax hikes hitting working Americans that took effect Jan. 1, thanks to President Biden and his Congressional accomplices.
Talk about a post-holiday Grinch. Witness these attacks on American energy production and, as a result, the low- and middle-income consumers and small business owners who can least afford higher energy bills:

  • $6.5 billion natural gas tax, which will increase energy bills.
  • $12 billion crude oil tax, which will increase household energy costs.
  • $1.2 billion coal tax, which will increase energy bills for many families.

In addition, there is a hefty stock tax that will hit your financial nest egg (401(k)s, IRAs and some pension plans). This tax will put U.S. employers at a competitive disadvantage with China, which does not have such a tax. All working families are affected by these gargantuan tax increases.
Energy affordability, one of TEA’s four pillars, is at stake here. According to a January 2022 survey, 56 percent of Americans can’t cover a $1,000 emergency expense with their savings. The administration continues to tax natural gas and oil companies and push up consumer pricing, as wind and solar keep getting mega-millions in subsidies and tax breaks.

But natural gas plays a vital role in America’s energy portfolio, as this editorial from a West Virginia newspaper points out, in the energy picture. We can’t leave behind what we know works.

Bottom Line: The tax hike violates President Biden’s tax pledge to any American making less than $400,000 per year. Biden administration officials have repeatedly admitted taxes that raise consumer energy prices are in violation of his promise. We encourage newly elected lawmakers to oppose any further taxes on natural gas and other American-produced sources of energy.

Gas prices could reach $4 again… a lot sooner than you might think. The average price of gas in the U.S. is up over 10% just in the last month, and it looks like more increases are on the way. Today’s average is $3.49.

Meanwhile, natural gas prices are expected to drop even further this February. They hit their lowest price point since 2021 last week.

The lack of consistent or enduring cold this winter has clearly weighed on prices, and the upcoming pattern appeared poised to deliver more of the same.

Hearing On Energy And Minerals: On Wednesday, February 8, the House Natural Resources Committee will have a hearing on “Unleashing America’s Energy and Mineral Potential.”

“When we produce in America, there is plenty of data that shows it’s the cleanest option … if you want to reduce global emissions, we should be leading all the way on natural gas, both producing it here and exporting it abroad.” 

— House GOP leadership aide on the party’s energy strategy.