Rule Five Inflation Reduction Friday

Here, from Alex Epstein, is a great refutation of leftist claims about the misleadingly-named Inflation Reduction Act.  Read the whole thing, but here’s the first of twelve myths about that Act:

The Inflation Reduction Act is one of the worst energy policies in American history.

Its supporters are trying to hide this by spreading myth after myth about it being beneficial.

Here’s how to answer them.

  • Myth 1: The Inflation Reduction Act will lower the cost of energy.Truth: The Inflation Reduction Act will rapidly raise the cost of energy via
    • Policies that coerce us into using costly, unreliable “green” options
    • Policies that increase fossil fuel costs
    • More power for energy-obstructing bureaucrats and activists

The Inflation Reduction Act coerces grids and consumers into using costly, unreliable solar/wind electricity that they wouldn’t otherwise choose because it’s too expensive.

E.g., it indefinitely extends costly subsidies for unreliable solar/wind that defund and shut down reliable gas/coal plants.

  • At the same time the Inflation Reduction Act is promoting the shutdown of reliable electricity generation, it is—insanely—promoting far more use of electric cars via subsidies. California recently previewed the Inflation Reduction Act by telling citizens there wasn’t enough power for EVs even at 3% market penetration.1
  • The Inflation Reduction Act adds numerous taxes and restrictions on fossil fuels that will increase the cost of producing them.These include new or higher taxes on crude oil, on natural gas, on drilling on federal lands—all during an energy crisis where fossil fuels are desperately needed.2
  • Not only does the Inflation Reduction Act make energy more expensive by restricting fossil fuels directly, it does much more damage indirectly by giving much more money/power to anti-fossil-fuel bureaucrats and activists—who will eagerly restrict fossil fuel investment, production, and transport.
  • The Inflation Reduction Act gives anti-fossil-fuel bureaucrats/activists a new level of destructive power via language authorizing the Environmental Protection Agency to restrict any activity that emits CO2–which means anything the administration wants—under Section 115 of the Clean Air Act.3
  • The Inflation Reduction Act also gives anti-fossil-fuel bureaucrats/activists a new level of destructive power via $10s of billions for anti-fossil-fuel “environmental justice” causes.According to a WH-commissioned environmental justice report we must “sunset investment by 2030 in fossil fuels, plastics…and nuclear energy”!4
  • All claims that the Inflation Reduction Act will lower energy costs simply deny the obvious cost increases from:

    • Policies that coerce us into using costly, unreliable “green” options
    • Policies that increase fossil fuel costs
    • More power for energy-obstructing bureaucrats and activists.

Read it all.  Share widely.

This Act, it is apparent, is the back-door implementation of much of Alexandria Occasional Cortex’s “Green New Deal.”  It’s blatantly anti-nuke, anti-oil, anti-gas, anti-automobile, anti-American – you name it.  And the Democrats did this on purpose.

As I’ve always said, I’ll give the Dems credit for one thing:  When they get a chance to act, even with the narrowest of majorities, they take full advantage of it.  They squeezed this abomination through with the help of a few GOP turncoats, and they’ll do more if possible.  We already have one “diversity” Supreme Court pick, who seems to have been nominated and confirmed mostly for her plumbing, skin color and leftist politics – and hopefully that will be all the Supreme Court picks President Biden(‘s handlers) get.

But energy is a hot topic right now.  Gas prices are trending upward again.  The folks that provide us with heating oil have warned us of a significant increase this year.  Fortunately we have plenty of firewood.  Remember, also, that the price of fuel affects the price of everything else, and oh, by the way, the Imperial government wants you to give up your current vehicle for an expensive electric one.

Some days “fuck off, slaver” just doesn’t seem strong enough.  Hopefully in November we’ll turn enough of these bastards out to at least give us a reprieve – for a while.