Kerry is America's enemy of energy
Wall Street Journal:
John Kerry’s Financial Crusade Against Oil and Gas
Public officials have told the climate envoy to stop trying to raise energy costs for U.S. consumers.
‘The reality is the Biden administration is not standing in the way of increasing domestic oil production to meet today’s energy needs,” Deputy Energy Secretary David Turk asserted at the World Petroleum Congress in Houston last week. Really? He might want to check with John Kerry.
The president’s climate envoy has been pressuring banks and financial institutions to reduce their commitments to U.S. oil and gas companies and join the Net-Zero Banking Alliance, which would hobble the ability of oil and gas companies to increase production. Citi, Wells Fargo, Bank of America, Morgan Stanley, Goldman Sachs and JPMorgan Chase signed on to the alliance this year.
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It is the goal of the Biden administration to raise the price of oil and gas to the point that less efficient and less reliable alternative energy is competitive. To do that would require prices substantially higher than they already are and impose greater harm on the US economy. Even if they ever got to net-zero the rest of the world would not bother and the main result would be a US economic and military decline.
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