The greatest energy mistake ever made
By CFACT Ed |April 9th, 2022|Energy|38 Comments
BY DAVID HOLT:
Some are trying to blame current surging gasoline prices on Russia’s invasion of Ukraine. This is an incorrect and a politically expedient excuse for an administration that has been erecting barriers to producing oil and gas in the United States.
It should be clear to anyone who filled up a gas tank in 2021 that prices were already climbing fast back then. It is not coincidental that the rising prices came as the Biden Administration implemented policy after policy that signaled to the global market to count U.S. energy out. Unsurprisingly, from Inauguration Day to the day before the Ukraine invasion, gas rose more than $1.10 a barrel.
And now, gasoline is breaking record highs, and oil has surged past $130 a barrel. Inflation is at a 40-year high and shows no signs of slowing down.
Yet here we are, with the Biden Administration looking everywhere from OPEC to Venezuela for relief, while blacklisting the domestic energy industry and fulfilling the wish lists of radical groups who myopically want to eliminate oil and gas, with zero discussion of the impact it may have on families, small businesses, or even the environment.
https://www.cfact.org/2022/04/09/the-greatest-energy-mistake-ever-made/?utm_source=rss&utm_medium=rss&utm_campaign=the-greatest-energy-mistake-ever-made
