Biden Asks American Oil To Magically Lower Prices

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Riddick
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Biden Asks American Oil To Magically Lower Prices

Post by Riddick » 06-19-2022 09:21 AM

Also, Is Everyone Enjoying A Taste Of The Green New Deal?

As the national average for a gallon of regular gas hit $5.014 (nearly $2 more than last year), Joe Biden sent letters to refining companies threatening to once again abuse his executive powers if they do not immediately alleviate high prices—a political appeal to the imaginary “greedflation.”

Biden, who promised a “100% clean-energy economy” with “net-zero emissions” in a couple of decades, now demands energy companies, already at utilization rates over 90%, invest tens of billions more in new drilling infrastructure.

Democrats’ energy policy is a schizophrenic mess, oscillating from puerile to pernicious. You can’t spend decades working to undercut production and campaign on the promise of destroying an industry and then demand it turn on a dime when it’s politically convenient.

Democrats will argue this is a unique emergency as prices spike to historic highs. Guess what? Energy prices will always be at historic highs when you create shortages, which is exactly what progressives have advocated we do for years. Everyone knows when prices recede, Democrats are going to go right back to passing laws and regulations that undercut the petroleum business.

Energy policy can’t be capriciously implemented and then abandoned every time the Democrats’ poll numbers flail. This is just a little taste of the Green New Deal.

Last year, with inflation already looming, Biden preached that it was a “moral imperative” to cut CO2 emissions 50% from 2005 levels by 2030 and 100% by 2050. That’s a policy that will have us fondly reminiscing about $5 a gallon.

Until some new technology is devised, implementing any policy that resembles the GND—the plan Biden says is the “framework” for his own efforts at “environmental justice”—would have economic consequences approximal to having coronavirus economic shutdowns 30 years straight.

There is no sentient being that could accept the notion that Democrats are the party that is in favor of abundant fossil fuels. Hopefully the price – even in small measure — for their green policies is so politically severe that they will moderate. Because we all have unattainable dreams.

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A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL

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