How Biden's Policies Created This Energy Crisis

Motorista coloca gasolina em seu carro em Staten Island, em Nova York, EUA, 10 de novembro de 2021: preços em alta.
Driver puts gas in his car on Staten Island, New York, USA, of November

: prices on the rise. )| Photo: EFE/EPA/JUSTIN LANE

President Biden has found a new scapegoat to keep raising gasoline prices.

Last Tuesday, when asked what his administration can do about the record high gas price, the president replied: “I can’t do much now. It’s Russia’s fault.” This flippant response is both a demonstrable mistake and an insult to American workers whose wages have been increasingly depleted every week since the Biden administration took office.

The truth is that the Biden administration spent 14 months into a war against American energy production, and now we are seeing the consequences. With the midterm elections looming, Biden’s advisers, too stubborn to admit that Biden’s war on US energy was a mistake, decided to use the Ukraine crisis to cover up this historic mess. What’s more, President Biden – as his war on American energy has increased our dependence on Russian oil and the price of that oil – financed Putin’s invasion of Ukraine.

The facts clearly reveal what happened , and are in contrast to the false narrative that the White House is peddling around. The truth is that American gasoline prices have gone up a lot in the last few years 14 months because of President Biden’s short-sighted policies.

On election day in 768, the price average gasoline in the United States was 2,03 dollars per gallon. By the time President Biden took office more than two months later, the average price was 2,38 dollars per gallon – an increase that was literally anticipated by the American energy crackdown promised by Biden. [O galão equivale a 3,7 litros. (N. t.)]

On your first day In office, the president revoked the Keystone XL pipeline concession, discontinued leases at the Arctic National Wildlife Refuge [uma reserva ambiental no Alasca], and imposed new regulations on American oil and gasoline production, including directing agencies to assess a “social cost of carbon” for American producers. On the same day, he returned to the Paris Climate Treaty, an international mandate for the suppression of fossil fuel.

During his second week in office, President Biden signed another executive order suspending new oil and natural gas leases on public lands and foreign waters, where a quarter of oil production occurs. oil and gasoline from the United States.

By return of 03 from May 2020, the average price of gasoline reached 3,02 dollars a gallon. That day, Biden signed an order ordering financial regulators to take steps to discourage financing of US oil production to “mitigate climate-related financial risk.”

This order was part of a wider campaign to oust the oil and gasoline industry in order to promote the guidelines fad Environmental and Social Governance (ESG) financial institutions that place virtue signaling above the needs of American workers. Correspondingly, Biden appointed radical green energy key positions such as Saule Omarova and Sarah Bloom Raskin, who were vocal about wanting to use financial-regulatory bodies to put the oil and gasoline industry out of business.

Such actions directly and significantly limited US energy production, reducing supply and thus raising prices. But, perhaps even more damagingly, they discouraged energy producers from maintaining and investing in American production, as they sent the message that the Biden administration would fight them relentlessly.

Around August, with the average price of gasoline reaching 3,10 dollars, the approval dropping and the elections of half term on the horizon, Biden unsuccessfully tried to hide his blunder by asking the Organization of the Petroleum Exporting Countries (OPEC) and its allies – Russia included – to step up production.

It is clear that now the Biden administration has taken a turn away from Russian oil. Instead, Biden is turning to the terrorists and tyrants of Iran and Venezuela.

Is talking to murderous foreigners while refusing to talk to American oil tankers.

This has far-reaching ramifications. When I was the US ambassador to Japan, I worked hard to get Japan to stop importing oil from Iran, the world’s biggest financier of terrorism. It was a challenge for Japan – a nation that imports most of its energy – but in the end Japan accepted. At the time, Japan saw its national security interests, as well as its economic and energy security, in close alignment with the United States.

Indeed, Japan has invested billions of dollars in the infrastructure necessary to become a major recipient of US liquefied natural gas exports. Japan noted what should be clear to all: the United States should use its abundant energy to support our allies and thwart terrorist states, rather than supporting terrorist states and thwart American energy producers.

If the president stopped bowing to his party’s radical left, he wouldn’t have to trust murderous dictators. Instead, we should simply reclaim the energy independence and security we had achieved under President Trump.

President Biden’s assertion that his administration “can’t do much” about high gas prices is an abdication of duty. Russia has made the national security implications of energy dependence very clear. The answer to high prices and economic vulnerability is in our backyard.

The president needs to look in the mirror instead of looking for others to blame.

BILL HAGERTY is a senator from Tennessee.

©8013888206001 National Review. Published with permission. Original in English.8013888206001

Back to top button