Biden is looking everywhere for an excuse, except in the mirror.
Real Clear Energy (3/28/22) op-ed: "Never let a crisis go to waste, as the age-old Beltway wisdom goes, but one might think that the Ukraine crisis, in which thousands of innocents are dying and losing their homes, millions have been driven into refugee camps, and in which Russian military savagery is the order of the day, might give the usual Beltway suspects pause. Get real. Utter shamelessness is a feature rather than a bug in these politicized times, and in no context is such cynicism more blatant than with respect to the use of the ongoing Ukraine tragedy to attack the fossil-fuel industry and to promote unconventional energy hugely expensive, utterly unreliable, and environmentally destructive. This opportunism has taken two forms. The first is the laughable attempt to blame high gasoline prices on anyone, everyone other than the Biden administration. High gasoline prices represent 'Putin’s price hike,' a stance not consistent with the reality that gasoline prices have been rising since December 2020. The oil companies are engaged in 'price gouging' and 'profiteering,' an argument not consistent with the failure of overseas gasoline producers to drive prices down by exporting ever-more gasoline to the U.S. market, thus capturing those profits for themselves."
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"Political intervention and miscalculation have led to over-investment in unreliable energy sources and, far worse, under-investment in reliable energy sources and infrastructure. The full costs of this colossal malinvestment have been somewhat hidden from view as spare capacity in the global energy network has mostly kept the train on the tracks."
– Chris Wright,
Liberty Oilfield Services
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