The economic disaster Biden has created is ultimately a result of surging federal spending during the pandemic, foolish Fed policies that poured monetary gasoline onto a raging inflation fire, and the ongoing effort by Biden and the Democrats to punish the very companies that provide our energy, threatening them with smothering regulations, painful taxes and even public shaming.
- Things have reached a fever pitch of late
- The Democrats' extremist anti-free-market green wing suggests we would all be better off if we just nationalized our oil and gas industry
- 90% of the world's oil assets are already controlled by governments, and therefore the global crude-oil market is a dysfunctional mess
- Enterprising private-sector oil firms are the one bright spot in all this
Biden has nothing to brag about
- Biden entered office in a country that was self-sufficient in energy yet now has to go hat-in-hand begging the likes of Saudi Arabia, Venezuela, Iran and other OPEC pariahs to sell us more oil
- Playing off public anger, Biden, Energy Secretary Jennifer Granholm and climate change czar John Kerry have repeatedly and dishonestly attacked the energy industry, suggesting it should be shut down or, equally bad, accusing companies of "profiteering" and "greed"
- Virtually every left-wing energy proposal in the past two decades has been designed to create false scarcity
Bottom Line
- Unless there are unforeseen advances in energy technology, Biden's plan to cut CO2 emissions by 50% from 2005 levels by 2030 and by 100% by 2050 is simply not achievable.
- The "net-zero emissions" extremism will damage the next generation's prospects of living better than their parents did.
https://issuesinsights.com/2022/06/30/americans-are-collateral-damage-in-dems-insane-war-on-energy/
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