Energy
During the confirmation hearing of Energy Secretary Chris Wright, Senator Jim Justice of West Virginia shared his opinion on the importance of energy: “West Virginia truly knows energy. That’s all there is to it. And I would just tell you this, and I would promise you that this will
SPR deliveries are back on the menu.
Introduction On Friday evening, the Department of Energy (DOE) published its solicitation for an exchange for the Strategic Petroleum Reserve, part of the International Energy Agency’s (IEA) joint release of 400 million barrels. In total, the US will release 172 million barrels. The exchange announced Friday is for exchange
Project VAULT and FORGE represent genuine progress toward building a resilient, diversified supply chain.
If inflation feels virtually nonexistent to some, that may soon change. The May CPI release showed a much slower pace of price increases than expected. Some of that reflects lagged effects to housing components of inflation relative to events that transpired 2-3 years ago. And it is also true
Executive Summary Congress is considering raising the tax burden on electricity investment and production supported through tax credits (ITC & PTC) enacted in the Inflation Reduction Act of 2022 (IRA). These provisions support building generation capacity across a range of sources, including nuclear, geothermal, energy storage, wind, solar, and hydro,
This is the fourth post in our multi-part series on the Fed's 2025 framework review. Part 1 discusses how the Fed can deal with tariff inflation risks, Part 2 discusses the implications of recent productivity dynamics, and Part 3 discusses the Fed's inflation and supply
Many thanks to Pavan Venkatakrishnan, James Hewett, and Alex Turnbull for their thoughtful contributions to this piece. Introduction The House Ways and Means Committee has proposed rescinding hundreds of billions of dollars in energy tax credits established by the Inflation Reduction Act (IRA). One critical — and largely overlooked — casualty of
The Long Game A Technical Tax Change to Boost American Energy ProductionThe Long Game A Technical Tax Change to Boost American Energy Production.pdf301 KBdownload-circle Introduction Since its inception in 1916, the Intangible Drilling Cost (IDC) tax deduction has been an important policy tool for fostering drilling innovation and