gasoline

As America recovers from the COVID-19 shelter-in-place mandates, California cannot rid itself from the continuing and state-prescribed high costs of energy that other states are not shackled with.

Climate science is not well developed but is quite clear on some matters despite the continued attempts by climate alarmists to obfuscate it.

House Majority Whip Steve Scalise of Louisiana and Rep. David B. McKinley of West Virginia recently introduced a congressional resolution stating a carbon-dioxide tax would harm the economy and therefore should not be enacted.

In recent months, a number of proposals have been put forward to reduce the cost and complexity of complying with the RFS that requires American oil refiners and importers to blend biofuels, mainly corn ethanol, into gasoline and diesel fuel.

John Nothdurft and Donny Kendal present episode #120 of the In The Tank Podcast. Today’s podcast features work from the Cascade Policy Institute, Senator James Lankford, Americans for Tax Reform and The Heartland Institute.

On the campaign trail, Donald Trump promised he would stimulate the economy by lifting job-killing regulations and mandates on the energy industry that hurt American workers and consumers.

As Americans hit the road during summer driving season, one thing that’s probably not on their minds is how the maintenance of those roads gets funded.

The Renewable Fuel Standard (RFS)—also known as the ethanol mandate—was passed by Congress in 2005 and expanded in 2007. Regardless of market conditions, it required ever-increasing quantities of biofuel be blended into the nation’s gasoline supply—though the Environmental Protection Agency (EPA) does have the flexibility to make some adjustments based on conditions, such as availability and infrastructure.

“We can’t just drill our way to lower gas prices,” President Obama told an audience four years ago at the University of Miami. Like this year, it was an election year and Obama was running for re-election. Later in his speech, he added: “anybody who tells you that we can drill our way out of this problem doesn’t know what they’re talking about, or just isn’t telling you the truth.”

The purpose of any economic exchange is to better one’s position, whether a person buys or sells something for money or barters for something else. This is the essence of free market capitalism, where all economic transactions are voluntary because they are of mutual benefit. They are all “win-win” situations in the minds of the participants.