Uand former President Donald Trump, the United States achieved effective energy independence. It became a net exporter of petroleum products and, for a brief time, crude oil.
In terms of geopolitics, the United States easily achieved what had been called American energy independence.
This meant that U.S. policy was no longer subject to the vagaries of Middle East policy, a major factor in Trump’s achievement of reconciling Israel with key Arab neighbors.
It also meant that Russia, another world producer of fossil fuels, had been limited in its use of hydraulic despotism in the service of its evil agenda.
Over a ten-year period, the shale revolution also created a vibrant and prosperous industry in the United States by reviving rural areas and providing better-paying jobs to those involved. Two consecutive presidents had the good sense to stay out of their way.
In fact, former President Barack Obama has done it tried to attack the invention of fracking and horizontal drilling, or maybe even to put all that oil underground.
Now, President Joe Biden is trying to throw away the independence, prosperity, and carbon emissions reductions that fracking has bestowed on the nation.
All this only to appease environmental extremists who need support and who believe it is possible to desire humanity’s abundant energy need.
The price of this idiocy is reflected in the pump every time it is filled. You may have noticed that the price of gasoline has risen by almost 50% compared to what was done a year ago. It is now at its highest point in seven years.
Biden, whose first acts included a ban on national oil exploration on federal lands and the cancellation of a necessary pipeline, has responded to this situation by not encouraging more national production.
Instead, he repeatedly approaches OPEC, hat in hand, begging the cartel and even the Russians to produce more oil for him. Seeing him ask foreign enemies to save his political position is really pathetic and degrading.
There is a large capacity for additional domestic production. Oil production at the end of 2019 reached levels significantly higher than today. Under better circumstances, higher prices would inspire even more production in the United States
But it seems Biden believes that as long as oil comes from elsewhere, it will not affect the climate. It may not be sharp enough to notice the joke.
The United States is currently in a grip on the supply chain crisis. The Biden administration, which is already hopelessly incompetent in dealing with regular presidential functions, such as the withdrawal from Afghanistan, border control and COVID-19, has no idea how fix it.
Imported oil reaches oil companies. The stacking of ships outside the nation’s ports probably means that even a sudden explosion of OPEC generosity will not improve their position.
Read more in the Washington Examiner
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