It is not enough that China is buying Russian oil at a discount due to western sanctions put on Russia because of its invasion of Ukraine, but now President Biden’s Department of Energy is selling China oil from the U.S. Strategic Petroleum Reserve (SPR).
If the federal government is going to take action regarding climate change, that action will have to come from Congress.
Chevron CEO Mike Wirth does not expect another oil refinery to be built in the United States ever again, due to federal government policies.
Despite the United States having vast uranium resources, more than 90 percent of the uranium used in the United States is imported. Further, the United States no longer has an operating enrichment plant. As a result, the U.S. relies on Russia and its allies Kazakhstan and Uzbekistan for almost 50 percent of its enriched uranium needs.
Europe’s energy shortages – exacerbated by Russia’s invasion of Ukraine – were originally caused by low wind resources, increased demand from COVID lockdowns, and cut backs of natural gas by Russia. Despite putting Europeans in energy poverty, the EU and UK are keeping to their energy transition rushing into wind and solar power, rather than using domestically produced oil, natural gas, and coal.
Biden’s attempt to double renewable capacity on federal lands may fail due to his over-zealous actions to stop new oil and gas development.
Biden’s America Mimics Europe’s Goals and Regulatory Actions
“In the first three years, it worked well and people were using it. But after three years the batteries were exhausted and it was never repaired.”
The consequences of massively building wind turbines and solar panels, while forcing the closure of fully-operational power plants burning coal, oil and natural gas is dire.
By the end of February 2022, average national gasoline prices were 66 percent higher than December 2020, averaging $3.592 a gallon for the month.
Under the Trump administration, the United States became energy independent—a goal that U.S. governments wanted to reach for decades. The Biden administration’s anti-oil and gas policies are undoing these gains.
Press Secretary Jen Psaki did as good a job as she could do to spin the Biden administration’s anti-energy agenda.
President Biden touted his climate agenda in his state of the union address despite the rising price of oil and natural gas, which has helped to spur the worst inflation in the United States in many years.
Biden’s anti-oil and gas policies are causing energy prices to soar, harming consumers and aiding Putin to take advantage of Ukraine.
Natural gas prices have escalated because of President Biden’s anti-oil and gas policies that are limiting pipeline infrastructure and increased production on federal lands, while the promise of pending regulatory actions add uncertainty to investments.
Due to Biden’s anti-oil actions, the United States is no longer energy independent and Russia is now vying with Mexico as the number 2 supplier of oil imports to the United States.
The hypocrisy of that move is almost laughable given that it is President Biden’s energy policies that are causing the high gasoline prices
The United States, like Europe, is in the process of unilaterally disarming itself in terms of its energy and economic security.
Going carbon-free will be difficult without the U.S.’s largest source of carbon-free electricity: nuclear energy.
Electric vehicle batteries, solar panels, and wind turbines result in a massive amount of waste and pollution.
Read by students, professors, and citizens, Capitalism Magazine provides over 9,000 free to read articles and essays from pro-reason, individual rights perspective. 100% independent.
No spam. Unsubscribe anytime.