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Last year after the shocking news that U.S. Senator Joe Manchin (from West Virginia) had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill, the details began to come out about just how bad this bill really is for the oil and gas industry. First and foremost, it slaps a new tax on oil and gas activities (see
Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). The Bidenistas are trying to get that tax off the ground now. The U.S. House of Representatives, now controlled by Republicans, is working on a bill to kill the IRA methane tax.
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