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Elon Musk expresses ‘regret’ over attacks on Trump that ‘went too far’

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From LifeSiteNews

By Calvin Freiburger

It remains to be seen whether the relationship between Elon Musk and President Donald Trump will be mended.

Tech mogul Elon Musk said Wednesday that he regrets “some” of his attacks on President Donald Trump stemming from disagreements with his so-called “Big Beautiful Bill,” though the two men remain far from reconciliation.

Passed last month by the U.S. House of Representatives and now before the Senate for consideration, the One Big Beautiful Bill Act (BBB) aims to enact large portions of Trump’s legislative agenda through the budget reconciliation process, which requires only a simple majority vote in the Senate rather than the typical 60-vote threshold for standalone legislation.

It extends the 2017 Trump tax cuts, institutes various other tax changes proposed by Trump on the campaign trail, and includes several other conservative priorities, including funding for border security efforts, defunding Planned Parenthood, eliminating many “green” energy subsidies, and more.

However, it faces conservative opposition over estimates that it will add a minimum of $2.4 trillion to the federal deficit over the next decade; last week, the bill’s failure to include or be prefaced by codifying the spending cuts of the administration’s Department of Government Efficiency (DOGE) project led to a dramatic falling out between Trump and former DOGE head Musk.

Musk lobbed numerous posts against Trump last week, primarily focused on the fiscal impact of the BBB, the most eyebrow-raising of which was that “@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public,” followed by “Mark this post for the future. The truth will come out.” Trump shot back that Musk had “lost his mind” and suggested he was really upset by the prospect of losing electric vehicle subsidies, although Musk was on the record opposing those subsidies.

The Trump Justice Department’s failure so far to release significant new information about dead pedophile Jeffrey Epstein has been a source of consternation, renewing speculation that such records might implicate Trump himself. The president was one of Epstein’s many high-profile associates, having flown on Epstein’s private jet, but no evidence linking Trump to Epstein’s crimes has ever emerged, and in fact Trump eventually banned him from his Mar-a-Lago club for assaulting an underage girl.

“I was hired to lead Jeffrey Epstein’s defense as his criminal lawyer 9 days before he died. He sought my advice for months before that. I can say authoritatively, unequivocally, and definitively that he had no information to hurt President Trump,” attorney David Schoen said after Musk’s post.

Musk deleted the charge, and on Wednesday posted, “I regret some of my posts about President @realDonaldTrump last week. They went too far.”

For his part, Trump told New York Post columnist Miranda Devine he has “no hard feelings” with Musk and “could” eventually mend their relationship, “but we have to straighten out the country.” After Musk’s retraction, Trump said, “I thought it was very nice that he did that.”

The administration and its defenders promise that separate legislation to codify DOGE cuts is still coming, starting with a $9.4 billion rescission package that primarily cuts from foreign aid and public broadcasting.

“While $9.4 billion may be small in the context of $7 trillion of annual spending, this practice can help build muscle memory and encourage policymakers to tackle the larger spending programs in the future,” the Committee for a Responsible Federal Budget says. “However, we’d be remiss to not point out that this package comes in the context of potential enactment of a reconciliation bill adding $3 trillion to the debt over the next decade – the equivalent of more than 300 times the amount of these rescissions.”

On June 9, House conservatives circulated a memo urging the Senate to make further changes to the BBB before passing it, including deeper spending cuts, closing loopholes in the abortion and green defunding, and eliminating language that would prohibit states and localities from regulating artificial intelligence for 10 years.

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Energy

The IEA’s Peak Oil Fever Dream Looks To Be In Full Collapse

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From the Daily Caller News Foundation

By David Blackmon

U.S. Energy Secretary Chris Wright warned International Energy Agency (IEA) head Fatih Birol  in July that he was considering cancelling America’s membership in and funding of its activities due to its increasingly political nature.

Specifically, Wright pointed to the agency’s modeling methods used to compile its various reports and projections, which the Secretary and many others believe have trended more into the realm of advocacy than fact-based analysis in recent years.

That trend has long been clear and is a direct result of an intentional shift in the IEA’s mission that evolved in the months during and following the COVID pandemic. In 2022, the agency’s board of governors reinforced this changed mission away from the analysis of real energy-related data and policies to one of producing reports to support and “guide countries as they build net-zero emission energy systems to comply with internationally agreed climate goals” consistent with the Paris Climate Agreement of 2016.

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One step Birol and his team took to incorporate its new role as cheerleader for an energy transition that isn’t actually happening was to eliminate the “current policies” modeling scenario which had long formed the base case for its periodic projections. That sterile analysis of the facts on the ground was  replaced it with a more aspirational set of assumptions based on the announced policy intentions of governments around the world. Using this new method based more on hope and dreams than facts on the ground unsurprisingly led the IEA to begin famously predicting a peak in global oil demand by 2029, something no one else sees coming.

Those projections have helped promote the belief among policymakers and investors that a high percentage of current oil company reserves would wind up becoming stranded assets, thus artificially – and many would contend falsely – deflating the value of their company stocks. This unfounded belief has also helped discourage banks from allocating capital to funding exploration for additional oil reserves that the world will almost certainly require in the decades to come.

Secretary Wright, in his role as leading energy policymaker for an administration more focused on dealing with the realities of America’s energy security needs than the fever dreams of the far-left climate alarm lobby, determined that investing millions of taxpayer dollars in IEA’s advocacy efforts each year was a poor use of his department’s budget. So, in an interview with Bloomberg in July, Wright said, “We will do one of two things: we will reform the way the IEA operates, or we will withdraw,” adding that his “strong preference is to reform it.”

Lo and behold, less than two months later, Javier Blas says in a September 10 Bloomberg op/ed headlined “The Myth of Peak Fossil Fuel Demand is Crumbling,” that the IEA will reincorporate its “current policies” scenario in its upcoming annual report. Blas notes that, “the annual report being prepared by the International Energy Agency… shows the alternative — decades more of robust fossil-fuel use, with oil and gas demand growing over the next 25 years — isn’t just possible but probable.”

On his X account, Blas posted a chart showing that, instead of projecting a “peak” of crude oil demand prior to 2030, IEA’s “current policies” scenario will be more in line with recent projections by both OPEC and ExxonMobil showing crude demand continuing to rise through the year 2050 and beyond.

Whether that is a concession to Secretary Wright’s concerns or to simple reality on the ground is not clear. Regardless, it is without question a clear about-face which hopefully signals a return by the IEA to its original mission to serve as a reliable analyst and producer of fact-based information about the global energy situation.

The global community has no shortage of well-funded advocates for the aspirational goals of the climate alarmist community. If this pending return to reality by the IEA in its upcoming annual report signals an end to its efforts to be included among that crowded field, that will be a win for everyone, regardless of the motivations behind it.

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Energy

Trump Admin Torpedoing Biden’s Oil And Gas Crackdown

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From the Daily Caller News Foundation

By Audrey Streb

The Trump administration is rolling back President Joe Biden’s restrictions on oil and gas, planning 21 lease sales in 2025 — a sharp contrast to Biden’s first year, which saw none.

The Department of the Interior (DOI) and the Bureau of Land Management (BLM) have already held 11 lease sales under Trump generating over $110 million for Americans, and plan to host 10 more in 2025, the agency told the Daily Caller News Foundation. While the Biden administration imposed a sweeping offshore drilling ban and greenlit a record-low offshore oil and gas leasing schedule, the Trump administration is working to reopen development on federal lands and waters.

“President Donald Trump has revived American energy. While the Biden administration left our energy resources to waste at the cost of taxpayers, Americans can feel relief knowing that they now have an administration laser focused on unleashing our domestic energy sources, lowering costs, and securing a more affordable and reliable energy future,” Interior Secretary Doug Burgum told the DCNF. “The number of new oil and gas lease sales simply speak for themselves.”

Bureau of Land Management (BLM) has reported 3,608 new oil and gas permits in Trump’s second term thus far, compared to 2,528 permits during the Biden administration, according to the DOI. Trump and the DOI have approved 43% more federal drilling permits than his predecessors had at the same point in their presidencies, according to the agency.

The DOI has also opened more than 450,000 acres of federal land for potential energy development, and the DOI and BLM are set to approve more drilling permits than any other fiscal year in the past 15 years, the agency said.

On his first day back in the Oval Office, Trump signed an executive order to “unleash American energy” and declared a national energy emergency. The One Big Beautiful Bill Act (OBBBA) further directed the DOI to open more domestic energy exploration opportunities, ordering the agency to “immediately resume onshore quarterly lease sales in specified states.”

Trump has emphasized bolstering conventional resources, which stands in contrast to Biden’s stifling of the oil and gas industry, as he froze liquified natural gas (LNG) exports, blocked the major Keystone XL pipeline and halted BLM lease approvals on his first day as president. Biden instead championed a green energy agenda, pushing for major wind and solar projects through billions in subsidiesloans and grants.

Notably, the National Oceanic and Atmospheric Administration (NOAA) previously confirmed to the DCNF that the Biden administration failed to adequately review the environmental impacts of certain offshore wind projects before approving them. The Trump administration has cracked down on offshore wind, halting many major projects and reviewing several more, with Burgum arguing that the energy resource the Biden administration favored is “not reliable enough” at an event on Sept. 10.

Additionally, gasoline prices have been dropping nationally in recent months, with costs hitting four-year lows headed into summer and Labor Day weekend, according to GasBuddy and the American Automobile Association. The average retail price for gasoline is projected to keep dropping due to falling oil prices, according to data from the Energy Information Administration.

“[Oil] prices are not set by current supplies. They’re set by future expectations,” Diana Furchtgott-Roth, director of the Heritage Foundation’s Center for Energy, Climate, and Environment, told the DCNF previously. “President Donald Trump is sending signals that the oil industry here is going to be very vibrant. He’s shrinking permitting time for fossil fuel projects, so expectations for fossil fuel supply in the United States are great.”

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