Biden energy policy goes from bad to worse
Washington Examiner: President Joe Biden will release nearly one-third of the Strategic Petroleum Reserve over the next six months to combat rising gas prices and inflation in the face of Russia's war in Ukraine. The Biden administration has sought to cast historic 7.9% inflation, specifically the rise in prices at the gas pump, as the "Putin price hike," but energy prices had already spiked 3.5% in February prior to the invasion after rising steadily for the previous year. ... Biden will also call on Congress to pass legislation enacting what officials referred to as "use it or lose it" fines for domestic oil companies. The fines would tax companies on "wells from their leases that [oil companies] haven't used in years and on acres of public lands that they are hoarding without producing." Furthermore, Biden will invoke the Domestic Production Act to "secure American production of critical materials to bolster our clean energy economy,...