tn1911
10-26-22, 18:28
https://www.realclearwire.com/articles/2022/10/23/learning_all_the_wrong_lessons_from_americas_energy_crisis_860422.html
Self-inflicted wounds create teachable moments, but the architects of America’s current energy crisis are learning all the wrong lessons.
Skyrocketing energy costs are one of America’s harsh post-Covid realities. And with one in four American households struggling to pay for their energy needs before Covid, policymakers should have set their sights on making energy more affordable for more Americans.
Instead, as Joseph Toomey points out in his new report RealClearEnergy report, Energy Inflation Was by Design, policymakers squeezed supply everywhere they could, so it would become impossible to meet demand.
From the beginning, the Biden administration has prioritized restricting access to the fuels that power nearly 80% of America’s economy and roughly three-quarters of American homes. Revoking permits for the long-embattled Keystone XL Pipeline was one of President Biden’s first executive orders, making it harder and more dangerous to transport Canadian fossil fuels to American refineries. This decision was all the more hypocritical when, weeks later, President Biden gave his approval of Russia’s Nord Stream 2 pipeline to Germany.
In a like manner, the Biden administration is helping speed up the closure of the refineries that turn oil into gasoline. Escalating biofuel mandates are signaling to refineries to close up shop, as blending levels are reaching unsustainably high levels. Moreover, the Environmental Protection Agency’s (EPA’s) revoking of biofuel waivers for small refineries will only cause more refining capacity to buckle under those mandates’ costly weight. Gasoline and diesel refining capacity has been declining for decades, and is in no position to reverse course.
The Biden administration is simultaneously cracking down on drilling for the fuels that power everyday life. One quarter of America’s oil and gas is produced from federal property by way of leasing drilling rights to companies. However, the Biden administration recently cut onshore drilling leases by 80%, as well as notably curtailing offshore drilling. For the leases that were not cut, the Interior Department significantly increased royalty fees, making federal lands a less attractive drilling option, as well as allowing lawsuits to delay several already-purchased leases based on environmentally and economically squishy climate change metrics.
Here’s hoping this is still fresh in the minds of voters in less than two week. Once we’ve got control of both houses of Congress we can at least stop the funding of these anti oil policies or just let president pudding pop shut the whole thing down.
My wet dream would be us winning the house handily then by some miracle of God in heaven we decimated the Dems in the Senate with enough seats to successfully impeach puddin pop and the ho. Then let our newly appointed republican speaker become president.
Yeah I know fantasy... yeah.
Self-inflicted wounds create teachable moments, but the architects of America’s current energy crisis are learning all the wrong lessons.
Skyrocketing energy costs are one of America’s harsh post-Covid realities. And with one in four American households struggling to pay for their energy needs before Covid, policymakers should have set their sights on making energy more affordable for more Americans.
Instead, as Joseph Toomey points out in his new report RealClearEnergy report, Energy Inflation Was by Design, policymakers squeezed supply everywhere they could, so it would become impossible to meet demand.
From the beginning, the Biden administration has prioritized restricting access to the fuels that power nearly 80% of America’s economy and roughly three-quarters of American homes. Revoking permits for the long-embattled Keystone XL Pipeline was one of President Biden’s first executive orders, making it harder and more dangerous to transport Canadian fossil fuels to American refineries. This decision was all the more hypocritical when, weeks later, President Biden gave his approval of Russia’s Nord Stream 2 pipeline to Germany.
In a like manner, the Biden administration is helping speed up the closure of the refineries that turn oil into gasoline. Escalating biofuel mandates are signaling to refineries to close up shop, as blending levels are reaching unsustainably high levels. Moreover, the Environmental Protection Agency’s (EPA’s) revoking of biofuel waivers for small refineries will only cause more refining capacity to buckle under those mandates’ costly weight. Gasoline and diesel refining capacity has been declining for decades, and is in no position to reverse course.
The Biden administration is simultaneously cracking down on drilling for the fuels that power everyday life. One quarter of America’s oil and gas is produced from federal property by way of leasing drilling rights to companies. However, the Biden administration recently cut onshore drilling leases by 80%, as well as notably curtailing offshore drilling. For the leases that were not cut, the Interior Department significantly increased royalty fees, making federal lands a less attractive drilling option, as well as allowing lawsuits to delay several already-purchased leases based on environmentally and economically squishy climate change metrics.
Here’s hoping this is still fresh in the minds of voters in less than two week. Once we’ve got control of both houses of Congress we can at least stop the funding of these anti oil policies or just let president pudding pop shut the whole thing down.
My wet dream would be us winning the house handily then by some miracle of God in heaven we decimated the Dems in the Senate with enough seats to successfully impeach puddin pop and the ho. Then let our newly appointed republican speaker become president.
Yeah I know fantasy... yeah.