Tired of Waiting for Manchin, GOP Intros Its Own Save MVP Bill
Since the beginning of Joe Manchin’s so-called “side deal” to vote on a bill that will reform the permitting process for infrastructure projects including the 303-mile Mountain Valley Pipeline (MVP), Republicans in the Senate (and House) have called on Manchin and Chuck Schumer to release actual language of the bill that will be voted on. You know, release it at least a week or two before it gets voted on, instead of two hours before (which is the Democrats’ typical routine). So far, NOTHING from Manchin and Schumer. So on Monday, Manchin’s fellow U.S. Senator from West Virginia, Senator Shelley Moore Capito, introduced her own version of a permitting reform bill. The bill has the support of 45 Republican Senators so far (38 of them co-sponsored).
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Last December, Virginia’s newly-elected governor, Glenn Youngkin, said that as soon as he took office, he would use his executive power to withdraw Virginia from the Regional Greenhouse Gas Initiative (see 
On Friday, Paul Cicio, CEO of Industrial Energy Consumers of America (IECA), representing America’s largest manufacturing companies, sent a letter to Congress making the case that federal agencies (FERC and NERC) should have the responsibility to secure reliable and affordable access to natural gas, mainly through dramatic growth in pipeline infrastructure. The letter says FERC should be required to address any reliability concerns by expediting pipeline permits and promoting (not restricting) construction–potentially by asking for Presidential emergency powers!
We spotted an interesting article by Reuters that says big investment firms with a collective $39 trillion in assets under management are “urging” governments to phase out the use of fossil fuels. We know, it’s ludicrous and insane. You can’t phase out fossil fuels without essentially killing off humanity. But rational thought rarely enters the picture when political power is at stake. The entire global warming hoax is about political power. At any rate, the reason the article interests us is because the largest investment firms in the U.S. are NOT on the list of signatories!
A new Bank of America Global Research report calls the so-called Biden Inflation Reduction Act (IRA) the most important, and largest, federal green energy and climate package in U.S. history. It also says rather than reduce inflation, the IRA will increase inflation because government spending will increase, regulations will restrict supply chains, and the result is that prices, especially for energy, will soar. The IRA is another sterling example of why the free market (capitalism) is preferred over government command-and-control (Communistic) intervention.
MARCELLUS/UTICA REGION: EQT shares hit 52-week high after $5.2B deal reached last week; INTERNATIONAL: China sells non-Russian LNG to Europe, restocks via Russia.