With a record like this, who could believe skyrocketing energy prices aren't a deliberate policy choice?
Yellow Hammer (4/10/22) op-ed: "Russia’s invasion of Ukraine sent already rising oil prices even higher. Record gas prices are fueling the highest inflation rate in 40 years. President Biden blames high gas prices on Mr. Putin, but administration policies are hampering U.S. oil production. Markets are forward-looking and incorporate new information almost instantaneously. Anticipated events will affect commodity and stock prices before they occur. Experts’ surprise at the full-scale invasion suggests that this likely explains the price rise from $90 to $120 per barrel over the next two weeks. But the increase from $40 in October 2020 to $90 in February seems hard to blame on Mr. Putin. The Institute for Energy Research (IER) maintains a scorecard on Biden energy policies. Mr. Biden canceled the Keystone XL pipeline on Inauguration Day...President Biden has reversed President Trump’s reforms of the National Environmental Protection Act and the Clean Water Act. The policy process previously allowed environmental groups to endlessly litigate required environmental reviews, tying up production and pipelines for years...The Biden administration has stopped development in the Arctic National Wildlife Refuge and the Alaska National Petroleum Reserve and halted new leases on Federal lands and waters. A court ruling blocking a large Gulf of Mexico lease has not been appealed....Mr. Biden is simply, in IER’s view, delivering on his 2020 election pledge: 'No ability for the oil industry to continue to drill period. It ends.' And now the president is asking Iran, Venezuela and Saudi Arabia to pump more oil. Everyone, it seems, except America."
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"The hard fact is that with each passing month, more rural communities across the country are saying no to big renewable projects and proving yet again, that land-use conflicts are limiting, and will continue to limit, the growth of wind and solar energy."
– Robert Bryce, Forbes
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