GOP seeks to take the reigns off US energy production

 Washington Examiner:

House Majority Leader Steve Scalise (R-LA) is looking to rally support behind a sweeping energy bill that Republicans are making their top priority for the 118th Congress.

HR 1 — the Lower Energy Costs Act, which is being led by the Louisiana Republican — aims to reform the permitting process for energy production, limit executive authority, roll back parts of the Inflation Reduction Act, and bar bans on fracking in an effort proponents argue will bolster domestic energy production.

“We won't have to be dependent on just ... China for critical minerals for things like computer chips and electric car batteries. It gets rid of the natural gas tax that President Biden put in place last year that's costing families billions of dollars in additional energy taxes, so that repeal helps,” Scalise told the Washington Examiner. “There are a lot of big wins for hardworking families in this bill. And I hope that President Biden reverses course and supports it just like in the D.C. crime bill.”

The bill faces an uphill battle in the Senate, with Majority Leader Chuck Schumer (D-NY) asserting that it is dead in the Democratic-controlled upper chamber. But Scalise is calling for the measure to receive bipartisan support, asserting that he believes the legislation is in the best interest of the country.

“Why wouldn't any Democrats want to vote for this? We're going to give them an opportunity. I mean, every member of Congress has heard from families who are struggling, high cost of energy, and it hits lower-income people the hardest. You know, Joe Biden, just because the far Left wanted to wage a war on American fossil fuels, again caved into the most extreme elements of his party, but it's been at the expense of hardworking families. So if they just looked themselves in the mirror and admitted that this experiment failed, then they would join with us and pass this bill and get a big dividend back in the pockets of hardworking families,” he said.
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Democrats may oppose the bill, but they do so at the risk of alienating the majority of voters who do not support the Dems' Big Green agenda which is driving up the cost of living for all Americans, making energy less reliable, and harming US national security by making it more dependent on imports.

See, also:

How Biden Bailed Out California and New York

The real motivation lies in the states’ budgets, which depend on the success of green startups.

 Imagine a bank in Houston that caters to the oil-and-gas industry. It makes low-cost loans with credit-friendly terms to unprofitable shale frackers on the condition that they hold their deposits exclusively at the bank, where they earn an above-market return. It also manages the wealth of oil and gas executives... As frackers burn cash, the bank struggles to redeem deposits and has to sell assets at a loss... The Federal Deposit Insurance Corp., with the approval of a Republican president, takes over the bank and guarantees all its uninsured deposits, including those of oil-and-gas executives. Wouldn’t Democrats scream “bailout”? This essentially describes what has happened at Silicon Valley Bank over the past week. Democrats insist the FDIC’s guarantee of uninsured deposits decidedly isn’t a bailout. The truth is that the Biden administration not only bailed out Silicon Valley investors and companies. It also rescued California, whose budget depends on them, and the state’s liberal political class. It did the same for New York by back-stopping uninsured deposits at Signature Bank... California Gov. Gavin Newsom and Silicon Valley politicians lobbied the White House for help... But maybe the reason those two banks failed to manage their risks is their leaders knew they had political protection in case they got into trouble.

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