Biden's war on US energy
Daniel Turner:
How Biden made the energy crisis worse
He’s incapable of realizing that he’s the problem
During the course of my daily media interviews, one of the most frequent questions I hear is, “when will things get better?” Being the bearer of bad news is frustrating, but unfortunately that’s all I see for the next few years. Following the basic laws of economics, energy prices can only come down based on two factors: increase the supply or decrease the demand.
...
Instead of increasing US production and removing his restrictions on offshore drilling and drilling in Alaska, he burnt fuel in Air Force One to go beg the Saudis to increase production. But the Saudis and the Russians are some of the chief beneficiaries of Biden's cut in US production which drove up the price of oil and increased their profits.
See, also:
Biden economic adviser: Of course we're disincentivizing oil and gas production!
Old and busted: The oil industry won’t produce gasoline because of profiteering! New hotness: We won’t let them invest in more production because of our incredible transition from fossil fuels!
We knew this already, of course, thanks to Joe Biden’s EO 13990, his repeated pledges to end fossil fuel use, and his promoting the “incredible transition” that high gas prices will supposedly facilitate. It’s intentional, and Biden energy adviser Amos Hochstein admits it (transcript via Townhall)....
...
It is a deliberate policy by Biden and the Dems to inflict pain on American drivers.
Comments
Post a Comment