Energy Tech & Infrastructure Forum
The current global energy crisis should serve as a warning sign to this Administration of what happens when governments turn their backs on reliable energy sources. Unfortunately, Instead of ending his full-blown assault on American-made energy, President Biden recently begged OPEC+ to produce more oil, and then begged them to delay their subsequent production cuts until after the midterm election.
Instead of turning to American oil and gas producers, President Biden has crippled domestic energy production, hampered investment in future innovation, and relinquished global energy dominance to foreign competitors. Make no mistake: Biden’s energy retreat has allowed OPEC+ to have outsized control of the global market.
It is past time to recognize market realities. The truth is that demand for oil is projected to reach an all-time high in 2022 and another all-time high in 2023. Even more, the Energy Information Administration has long proclaimed that both oil and gas will play a dominant role in the global economy through 2050 and beyond. If we are going to return to energy independence and dominance, we must prioritize investment in an affordable and abundant energy supply.
I spoke at the Energy Tech & Infrastructure Forum this week about how we can achieve American energy independence by unleashing the Permian Basin—the largest secure supply of oil & gas in the world.
