How Did We Go From Energy Dominance To Energy Begging In Just 8 Months?
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On his first day in office, President Joe Biden embarked on a campaign to rein in domestic oil and gas production. On his 204th day in office, he was pleading with OPEC to increase its production to stem the sharp rise in gasoline prices, to which OPEC said no dice.
Virtually overnight, the nation has gone from Trump-era “energy dominance” to a Carter-era energy crisis. But unlike Jimmy Carter, who blundered his way into gasoline shortages, Biden is intentionally creating the current situation to pay homage to climate “crisis” environmentalists.
During his presidential campaign, Biden promised to “get rid of fossil fuels.” Since taking office, he’s been busy trying to carry out that pledge. One of the first things he did in office was to call a halt on oil and gas leases on federal lands and off our coastlines, and has yet to resume allowing them even after a federal judge ordered the administration to do so. He shut down construction of the Keystone Pipeline. He blocked energy development in the Arctic National Wildlife Refuge. He directed federal agencies to “eliminate fossil fuel subsidies as consistent with applicable law.” He’s promised to add some $90 billion to the industry’s tax burden by eliminating what he calls tax “subsidies.”
Even now, the administration “is preparing to release a blueprint for limiting sales of U.S. drilling rights as rising oil and gasoline prices highlight the risks of curtailing domestic crude production,” reports Bloomberg. “The Interior Department also is expected to limit new leases in some sensitive coastal and Western areas and begin a broad study of the climate effects of oil and gas development on federal property.”