Daily on Energy: Where things stand after the passage of HR1

WHERE THINGS STAND: House Republicans just passed their opening salvo on energy security and permitting reform, but that’s about all HR 1 will be considering Majority Leader Chuck Schumer already declared it dead.

“We’re optimistic that we can get there, but you’re not going to get Democrats to the table if it’s left out,” the aide told Jeremy. BOEM HOLDS FIRST GULF OF MEXICO LEASE SALE SINCE 2021: Interior and the Bureau of Ocean Energy Management auctioned off 73 million acres for oil and gas development in the Gulf of Mexico yesterday in its first new lease sale in the region since November 2021.

“[The bid total] today is probably a mix of lack of supply … companies are doing better than they were, and more companies have net-zero or low emission targets, and offshore is great for that,” one industry source said. It’s one of the many provisions that drove opposition to the bill from House Democrats, several of whom have introduced legislation in previous meetings of Congress to prohibit new oil and gas leasing in the Outer Continental Shelf.

He’d opposed the EV credit as drawn up in the Build Back Better plan on the grounds that it would serve the interests of the Chinese, who dominate the EV supply chain. Manchin in recent weeks has expressed openness to the idea of key allies and their industries being able to take advantage of the credit, although he said yesterday he was worried Treasury may find wiggle room in the definition of words like"processing" to allow for minerals from a wider range of countries to be eligible under the credit.

SenSchumer Schumer will be going thru what Trump has been soon enough. No where to hide Chucky.

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