Biden's Energy Crisis, Or: Biden Loves Fracking Now
Anybody paying attention--which doesn't include me--would have predicted this: an increased demand for oil as the lockdowns were lifted. That's a 1-2 punch by the Dems against the economy: first, lockdowns, second, failure to prepare for lifting them. Anyway:
...Mr. Biden and his party have sent signals that are loud and clear, in accord with the larger cultural message that fossil fuels are the new tobacco and the world doesn’t need them.
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That isn’t true, as Mr. Biden is finding out the hard way. Despite all the subsidies for renewables, fossil fuels provide about 80% of America’s energy, and high prices weigh on consumers and the economy. The White House says rising energy costs are a global problem, and that’s true in part. As the economy began to revive from the pandemic, it was only natural, and in fact a good sign, that demand for energy would rebound.
But the U.S. has been the world’s leading oil producer and thus a major player in global supply and demand. American crude-oil production in March 2020 was 12.8 million barrels a day, per the Energy Information Administration. That fell sharply when Covid hit, and now it’s barely inching back up. July’s output was only 11.3 million barrels a day, more than 10% below the pre-pandemic trend.
In other words, this is Mr. Biden’s energy crisis. Given the pressure from his wealthy climate donors and the left, he is never going to yell “drill, baby, drill.” But if Mr. Biden is serious about wanting U.S. producers to help reduce prices at the pump and at home, he will change his punitive policies. Progressives will be upset, but his poll numbers might go up.
On the non-bright side: this is like the border chaos: Trump had things under control, Biden wrecked them for reasons grounded in hard-left ideology, then, eventually, be moves back toward the bad policies of bad Orange Man. On the bright side: there is only so much harm to the nation that Biden will allow before going back to Trump's policies...so...that's something I guess...
Part of the problem here is the bizarre power that progressive-left ideology has over people who are in a position to know better. We're not talking about "climate denialism" here--we're talking about choosing reasonable solutions to a non-apocalyptic problem. Climate apocalypticism is false, and climate hysteria is not helping.
So long as the progressive left subordinates reason and truth to political dogma, it will be dangerous and unfit to govern. And subordination of reason and truth to dogma is the defining characteristic of the progressive left. Ergo...
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