Summer Wrap-Up: US Inflation Reduction Act, AECO Gas Price Plunge and Other Headlines

This week on the podcast, Jackie and Peter discuss some recent news. First, they talk about the surprise end to summer with the United States passing into law the Inflation Reduction Act (IRA).  The IRA includes $369 billion of spending on clean energy and supports the build-out of a clean energy supply chain in the United States and the EV incentives also help  free-trade partners and North American automakers. 

Next, Peter and Jackie talk about how Western Canadian natural gas prices crashed in the last few weeks of summer.  While the rest of the world is paying record high natural gas prices, the benchmark in Alberta – called AECO – was pricing near zero dollars.  Peter and Jackie talk about the price collapse and the causes.

Finally, they debate some recent news headlines.

Content referenced in this podcast:

• Energyphile Vignette of the Week “Make Hay While the Sun Shines”
• August 25, 2002 CBC reports “Chemical engineer questions Belledune hydrogen plan”
• July 29, 2022 Yard “Just Plane Wrong: Celebs with the Worst Private Jet Co2 Emissions” 

Please review the ARC Energy Institute disclaimer.