Biden’s Energy Chaos: The Who, What, When, Why and How?

Cheap and reliable energy is what makes our nation strong in peace time and in war. Without it we devolve into a second rate nation dependent on others for energy, the very life blood that drives our economy.

Biden’s key policy is to create chaos by attacking our ability to discover, mine, drill, extract, refine, transport and provide cheap and reliable energy to every American family, community, business and governments at every level.

Watch this video interview with Rick Perry, the 14th United States Secretary of Energy from 2017 to 2019 and the 47th Governor of Texas from 2000 to 2015, on Fox News to discuss the Biden Administration’s Energy Crisis:

Here are the answers to the questions we asked in the title.

WHO: Joseph Robinette Biden Jr. and Jennifer Mulhern Granholm the United States Secretary of Energy. Granholm said, “I think blaming the president for high gas prices is like blaming Rudy Giuliani for 9/11.Note: The twin towers in New York City and the Pentagon were deliberately attacked by the radical Islamic terrorist group al Qaeda supported by the Taliban in Afghanistan. Joseph Robinette Biden Jr. deliberately canceled the Keystone XL pipeline, stopped issuing permits to explore and drill for oil and natural gas, made the decision to reduce and ultimately eliminate fossil fuel use and his policy to save the planet by going to green energy. Both of these are terrorist attacks on the American people.

WHAT: The Green New Deal.  The Inflation Reduction Act of 2022 (IRA)—a sweeping climate and health care package that invests $369 billion in energy, climate, and justice over 10 years—was signed into law in August of 2022. After the law was signed by Biden Natural Resources Defense Council President Manish Bapna stated, “This law moves us closer to President Biden’s pledge to cut climate pollution 50 to 52 percent from 2005 levels by 2030. To get there, he must use his established authority to write rules to help cut carbon pollution from our cars, trucks, and dirty power plants, reduce methane emissions, and keep investors informed on corporate climate risk…This is a turning point in the climate fight – the strongest U.S. action yet to confront the existential challenge of our time [climate change].” Note: No piece of legislation can alter the weather, let alone the climate. Climate change is a myth to pass legislation that forces mankind to do things that harm it.

WHEN: August 2022 with the passage of the Inflation Reduction Act of 2022 (IRA). Note: The passage of this act has not reduced inflation. In fact consumer prices and the inflation rate was 9.1% in June and has gotten much worse and America is officially in a recession. Wall Street is experiencing a bull market as well. The U.S. dollar has lost 13% its value since 2020. Today’s prices are 1.14 times higher than average prices since 2020, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 87.390% of what it could buy back then. The inflation rate in 2020 was 1.23%. JPMorgan Chase CEO Jamie Dimon stated that the S&P 500 could yet fall by “another easy 20%” from current levels, adding that “the next 20% would be much more painful than the first.” Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022.

WHY: Joseph Robinette Biden Jr. policies including lockdowns, vaccine mandates, goal to eliminate fossil fuels and his anti-capitalism policies. OPEC and its plus one Russia (OPEC+) announced they would curb production by 2 million barrels per day. This happened despite the Biden Administration’s plan to purchase OPEC barrels to refill the Strategic Petroleum Reserve (SPR) in exchange for a guarantee to not lower production. According to Goldman Sachs, we are likely to see oil prices return to $110 per barrel, and gasoline prices will likely return to $5 to $6 a gallon nationally.

HOW: By Executive Orders and legislation passed by the current Democrat controlled Congress.

In a Real Clear Policy column titled How Much Worse Can Our Energy Policies Get?  adjunct fellow at the Manhattan Institute Jonathan Lesser reported,

In the wake of OPEC’s two million barrel per day announced production cut, the Biden Administration has responded with a cynical set of policy responses that will further damage the US and world economies.

[ … ]

Back at home, the Department of the Interior is considering a ban on all offshore oil and gas leases for the next five years that is being pushed by green energy advocates. Coupled with DOI’s slow-walking of new leases on federally-owned lands, the ban will push natural gas and crude oil prices even higher. If Democrats convince the Biden Administration to ban natural gas exports, the harm will be compounded. Natural gas prices in Europe will rise even further and countries will burn more crude to generate electricity, raising crude prices still higher. OPEC and Russia will be delighted.

A cynical short-term effort to reduce the price of gasoline. Price controls on Russian crude that will increase prices. Restrictions on US natural gas and oil supplies supposedly to speed the transition to green energy. If these policies were not so economically destructive, they would be laughable.

Except consumers and businesses around the world won’t be laughing.

The Bottom Line

Americans nationwide have been footing the bill at the pump, at work and at the grocery store for the Biden Administration’s disastrous energy policies. Americans are paying the price for the Biden Administration’s energy dependence at the feet of Organization of Petroleum Exporting Countries (OPEC) and foreign adversaries like socialist Venezuela.

Unfortunately, our fuel bill is about to skyrocket yet again.

America First Policy Institute reports,

The Biden Administration’s energy dependent policies have put the United States in a vulnerable position. Instead of working for energy independence, the United States runs to foreign governments for energy. These governments include Venezuela, which is ironically an OPEC member.

Watch Astrid Hajjar examines the Biden Administration’s flirtatious advances toward Venezuela.

The cost of the Biden Administration’s energy dependent policies is being paid for by hardworking Americans, and these policies are helping enrich tyrants abroad. An America First Agenda is one that restores our energy independence and alleviates Americans’ pain at the pump.

©Dr. Rich Swier, the America First Policy Institute and the Center for Energy and Environment. All rights reserved.

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