Why are energy prices so high everywhere? Democrats
When President Biden warned of a dark and deadly winter, he was referring to the Covid-19 outbreak which he promised to “shut down”. Although he has failed to stem the virus, his policies have unfortunately been more successful in curbing our once thriving energy industry.
After a year of his administration leading the Departments of Interior and Energy and determining regulations at the Environmental Protection Agency, anyone who pays a bill sees the results. Oil prices have nearly doubled since Biden’s inauguration.
Despite the yearning of environmental activists around the world, we are in fact a fossil fuel-driven economy, and all prices have risen dramatically: gas, food, utilities, shipping, durable goods. Biden’s inflation, now at 7%, its highest level in 40 years, is now the number one issue among voters and will no doubt weigh on every race in November.
The only logical answer for an embattled president is to change the narrative. So Biden bought a puppy.
To be fair, Biden alone is not to blame. The whole extreme left is. For years, leftist politicians have attacked the energy industry in the name of “climate change” and for years those of us who know the industry have warned of dire consequences.
The madness of the left on energy supply
Four years ago, Massachusetts Attorney General Maura Healey began using her office to prevent the construction of a pipeline. Without a constant supply, power plants have turned elsewhere for reliable natural gas: Russia.
Despite the sheer folly of sending Commonwealth checks to Vladimir Putin instead of Pennsylvania, Healey insisted it was better for the climate. Even when the Massachusetts power grid was faltering, she insisted that transatlantic freighters were an improvement over national pipelines to a neighboring state.
It was madness then. It’s worse now.
Massachusetts joins the ranks of many European nations enriching Putin. He used the surplus to build his army alongside Ukraine which is preparing to invade. You didn’t think he was going to build orphanages, did you? It is Vladimir Putin, after all. Maybe the Russian military can have a disclaimer, like the ones Healey applies to campaign ads. “This army is brought to you by climate change activists.”
Writing for Forbes, energy analyst David Blackmon breaks down the current state of power generation in New England. Despite the grants and posturing of climate-conscious Democratic politicians in the Northeast like the senses. Bernie Sanders, Elizabeth Warren and Green New Deal author Edward Markey, the region has increased the use of the fossil fuels they are trying so hard to eliminate. Damn New Englanders and their… warmth.
They also matter liquefied natural gas (LNG) of the Caribbean because of four-year-old Healey logic: why buy cheap from a friend what you can buy at a premium from a stranger? Add to that the few thousand miles in an ocean tanker and you have a perfect formula for being an eco-warrior.
Supply is becoming an ongoing issue for the energy industry. The United States is currently producing about 1.5 million barrels less crude oil per day than pre-pandemic levels. Worse still, investment in the industry has fallen nearly 25% over this period. Why? Biden.
Fossil fuels are a labor and market intensive industry, and they depend on government cooperation. That means an energy secretary who doesn’t laugh when asked about the industry’s challenges. It means a Home Secretary who doesn’t publicly say ‘it would be great to stop all oil and gas leases on public lands’. Investors aren’t going to bet on the Biden variable, even if oil hits seven-year highs.
The government drops the ball. It’s mid-January and we have a lot of winter ahead of us. Between the high prices and the scarcity of supply, consumers should be worried.
Lessons from the Texas Freeze
Last year, Texas experienced a terrible winter storm that interrupted its wind power generation. Unfortunately, 246 people died in this storm. For decades, Republicans in Texas have bought into green energy myths, quietly allowing the idea that fossil fuels were the enemy to fester in their political hearts. They introduced “renewable energy mandates”.
When the February 2021 storm froze wind turbines, proponents of renewable energy mandates quickly turned to green defense. It wasn’t about science or facts: it was about defending an ideology.
“Don’t blame the wind turbines,” launched Time Magazine, as well as USA Today, the Washington Post and, of course, the New York Times. The laughable, knee-jerk reaction raises a metaphysical dilemma: if something’s absence is no different from its presence, does it have value? Or even exist? If wind turbines have failed, and make no mistake, they have completely failed, but their failure doesn’t matter, so how can they have measurable success?
All of these outlets attribute the Texas fiasco to natural gas pipelines, as fossil fuels are and always will be the reliable source of green energy. Renewable energy advocates, desperate not to fail on the books, argue that under certain conditions natural gas must outperform. During this storm, he did not do so and is therefore at fault. Renewables are asked to do the bare minimum, to demand perfect conditions, and if a variable is introduced, they can throw in the towel and slander the real artists.
If Republicans in Texas are falling victim to the siren calls of green energy, then what hope does New England have? New England, bastion of untarnished liberalism, reverts to burning oil instead of cleaner natural gas, running out of LNG, sourcing from Russia and the Caribbean, polluting the oceans with more tankers , to sacrifice American jobs and to enrich Putin.
Again, 246 people fell victim to Texas Green Energy Dreams. It is the anonymous, the powerless, the voiceless, who die at the hands of the state because of political decisions based on ideology. And their numbers will climb unless there is a major reversal at the federal and state level.
Daniel Turner is the founder and executive director of Power The Future, a national nonprofit organization that champions America’s energy jobs. Contact him at [email protected] and follow him on Twitter @DanielTurnerPTF.