Fed. Bill Would Fix Biden’s Attack Against O&G Via the Tax Code
If you’ve ever run a business or have been self-employed, you know how important it is to claim every legitimate deduction on your tax return. Anyone with a brain knows that wages, fuel, and repairs are expenses, the “cost of doing business”—especially in the oil and gas business. Yet in their zeal to destroy fossil energy, the Bidenistas inserted new regulations in the misnamed Inflation Reduction Act (IRA), a law made possible by the single vote of former West Virginia Senator Joe Manchin (who will live in infamy for his vote), relabeling such deductions as “subsidies” for the oil and gas industry (but no other industries). The Bidenistas eliminated those legitimate deductions so that O&G companies could no longer claim them as deductions, at least not the full value in the year in which they are spent. It’s nuts! There’s a new bill in Congress to correct this attack against the fossil energy industry. Read More “Fed. Bill Would Fix Biden’s Attack Against O&G Via the Tax Code”
Yesterday, the seven members of the Pennsylvania Supreme Court (five Democrats and two Republicans) heard oral arguments in a lawsuit that attempts to force PA to accept the Regional Greenhouse Gas Initiative (RGGI), an obscene carbon tax on coal- and gas-fired power plants. Former Democrat Governor Tom Wolf tried to force the state to join RGGI in 2019 (see 
Democrat politicians, like Pennsylvania Governor Josh Shapiro and New Jersey Governor Phil Murphy, are predictable. Shapiro, Murphy, and other Dem governors in the PJM Interconnection electric grid region, which includes all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Washington, D.C., have ratcheted up their rhetoric blaming PJM for higher electricity prices, even though it is their own policies that are driving electric prices higher! Always blame someone else for your shortcomings; that’s their motto. 
Last week, Pennsylvania State Senator Gene Yaw (Lycoming County), chairman of the Senate Environmental Resources and Energy Committee, sounded the alarm for all Pennsylvanians. Yaw said, “We are going to have to suffer some hardships. Meaning, we probably are going to have some blackouts, brownouts.” Why would PA, an electricity exporter, experience blackouts? The plain, simple, and short answer is because of Governor Josh Shapiro’s idiotic energy policies. 
After the shocking news in 2022 that then-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 the bill (now law) really is for the oil and gas industry. First and foremost, it slapped a new methane tax on oil and gas activities (see 
Last December, MDN told you that the Pennsylvania Department of Environmental Protection could find $600,000 to blow on “environmental justice” nonsense, but the very next day, it cried poverty that there’s not enough money in the budget to fund the Oil and Gas Regulatory Program (see 
In December, Pennsylvania’s Independent Fiscal Office (IFO), the agency charged with providing revenue projections along with impartial and objective analysis of fiscal, economic, and budgetary issues for the citizens and legislature of Pennsylvania, provided its best guess as to how much revenue the PA impact fee (i.e., severance tax) will generate from shale wells drilled or flowing in 2024 (see 
Pennsylvania mineral rights owners (i.e., landowners) now have a well-deserved tax break thanks to a bill passed by the PA legislature and signed into law last summer (see 
Not only did New York Gov. Kathy Hochul, an extremist liberal, sign a ban on using carbon dioxide to frack wells in the state at the last minute before the end of the current legislative session (see