The Push for Clean Energy Ignores Economic and U.S. Innovation Realities

During the last Presidential campaign, then candidate Biden famously promised to put an end to fossil fuels. True to his commitment, President Biden has attempted to make the oil and gas industry less attractive to both corporations and investors. From canceling the Keystone pipeline, to canceling oil and gas leases in Alaska and the Gulf of Mexico, to freezing new oil leases on federal lands, efforts to minimize domestic production of fossil fuel in America have been enormously successful. For better or worse, policy choices are being made that are intentionally deflating the supply of domestic oil and gas, which causes inflating prices. Of course, many disagree and want to blame Russia for most everything, and while it is an embarrassment that Vladimir Putin’s unprovoked atrocities are not cause for unanimous international discipline, Russia’s invasion has not removed oil from the worldwide market.Read More