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Mangeet Kaur Bouns

3 Energy Stocks That Could Benefit From the Manchin Bill

Last week, Joe Manchin, a West Virginia Democratic senator, announced that he supports the Inflation Reduction Act of 2022. The $739 billion expansive bill would address record-high inflation by paying down the national debt, producing more energy, and lowering energy and healthcare costs. Also, it could reduce nearly 40% of carbon emissions by 2030.

“Our persistent and increasing dependence on foreign energy and supply chains from countries who hate America represents a clear and present danger that must end. The increased risk of geopolitical uncertainty demands that we focus on increasing U.S. energy production and bringing good paying energy and manufacturing jobs back to America,” Manchin stated.

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