But the central legislation is the INFLATION REDUCTION ACT, the most complete renewable legislation ever in any country
Just because the spin doctors apply a label to something doesn't make it so (although it does suck in those who so desperately want to believe)
Because, by economic axiom, imposing tariffs on imported products, such as solar components and EVs, is the opposite of inflation reducing.
"Drilling for Oil is a necessary TRANSITION step ."
Truly priceless; a real doozy of a statement, reflecting a truly novel form of tortured logic.
The increase in oil output under the current administration, to record levels, has the US today exporting around 4.3 mbbl/day.
For ... er... "transitioning" purposes, presumably?
.
POWER!!!! Fortescue Future Industries, page-4049
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