Biden War On American Energy Costs U.S. Economy $100 Billion A Year

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Unleash Prosperity Hotline
Issue #630
10/05/2022
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1) Biden War On American Energy Costs U.S. Economy $100 Billion A Year
A new CTUP economic study released today and highlighted in today's Wall Street Journal calculates that the U.S. would be producing two to three million barrels of oil a day if the Trump energy policies were intact. The study by CTUP economists Stephen Moore and Casey Mulligan finds that Biden’s policies of canceling pipelines, reducing drilling permits, and establishing anti-fossil fuel EPA rules are costing the US economy almost $2 billion a week.

If the Trump policies were still in place US oil production would be nearly five times higher than the amount of oil depleted from the Strategic Petroleum Reserve. The SPR is at its lowest level since the Summer of 1984.

As the WSJ put it: “If gas prices rise between now and the election, Americans will know who to blame.”

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2) And Speaking Of High Energy Prices, California’s Electricity Costs “Skyrocketing”
California fashions itself as the national leader in the transition to green energy. Let’s hope the Golden State’s “zero-carbon initiative” doesn’t become the playbook for the rest of the states. If it does, costs around the country will double or even triple to ratepayers. The chart below shows power costs per kilowatt hour at three of the largest utilities I. The state is two to three times more expensive than the U.S. average costs. Costs in CA are rising every year as more of the power is mandated to come from solar and batteries, according to this news account. ([link removed])

Someone, please explain how this is the ideal model for the entire country.

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3) Media Covers Up Kamala Harris Blunder On Disaster Aid
Last Friday, Harris told the Democratic Women’s Leadership Forum that “communities of color” should be first in line for Federal aid to rebuild after Hurricane Ian. “It is our lowest income communities and our communities of color that are most impacted by these extreme conditions,” she said. “We have to address this in a way that is about giving resources based on equity, understanding that we fight for equality, but we also need to fight for equity.”

Whoops! Distributing hurricane relief based on skin color is only further evidence of the racial obsession of this administration. Whites apparently go to the back of the line for relief aid.

The media quickly sensed Harris was vulnerable for her race-tinged statement and covered for her:

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Even Twitter tried to blunt the impact of what the Vice President plainly said with an off "note" appended to a viral clip:

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But who are you going to believe? Them or the video tape?

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4) No Wonder The Jets Have Been So Bad For So Long
More evidence that high taxes relocate people.

New York has the second highest income tax rate in America and Florida has no income tax at all. New York is losing its talent pool.

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5) All The President’s Men

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