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The Costly Contradictions of Biden’s Crusade for Green Energy
The assault on fossil fuels distorts or undermines many other domestic and international priorities.
Opinion | The Costly Contradictions of Biden’s Crusade for Green Energy
The assault on fossil fuels distorts or undermines many other domestic and international priorities.
www.wsj.com
President Biden’s energy program is crystal clear: an all-of-government assault on the domestic fossil-fuel industry to further a green agenda. But its economic and political fallout is a muddled contrast. The Biden plan distorts or undermines so many other domestic and international priorities that it is in dire need of a midcourse correction.
The administration’s efforts, led by climate czar John Kerry and propelled by the progressive wing of Mr. Biden’s coalition, have included curtailing new leases for drilling, preventing new pipeline development, and expanding the areas off-limits for production. The Securities and Exchange Commission has discouraged new financing of fossil-fuel projects. New automobile mileage standards and increased mandates for ethanol blending in gasoline are part of the program. Pressure to phase out coal-fired electricity production and thwart new mining projects also contribute to the higher prices deemed the best tool to force the transition to a green-energy infrastructure.
To avoid the political brunt of historically high consumer energy prices, the administration apparently is considering allowing more exports of oil by Iran, as it is for Venezuela. It is also tolerating the somewhat inconsistent application of oil and gas embargoes on Russian supplies and increased purchases by China and India.
Despite the urgent global need to displace supplies of Russian oil and gas, encouraging domestic production of these fuels isn’t part of the administration’s response to Vladimir Putin’s aggression in Ukraine. And pressure on domestic production undermines other administration initiatives, such as rebuilding the manufacturing sector, creating jobs, strengthening supply-chain resilience, and weakening dictatorial adversaries such as Iran and Venezuela.
Commentary:
Indeed. Joe's just a genius. Biden, Kerry, Pelosi and Cortez (four people who have never had a real job) are making these decisions and destroying the country.
The desire to have electric cars, is problematical. The electricity to recharge electric cars, in many parts of the country is generated in fossil fuel fired power plants. So how “green” is that energy? Also, the electric cars require “dirty” mining of various minerals.
Simply, the electric grid would collapse if we suddenly had tens of millions of electric cars on the road, all recharging every day. We are expected to have rolling blackouts throughout America this year.
A clean source of energy is nuclear, but this is notably verboten according to Progressive Maoist/DSA Democrats, so we aren’t developing those resources because it offends the sensibilities of Greta Thunberg and her ilk.
Certainly, there are trade-offs and pluses and minuses with our energy futures. The PM/DSA DEM view is that we can only have solar and wind. Some liberals are ok with hydroelectric, but the most extreme enviro extremists don’t want hydro.
I think that, as far as these energy debates go, we need adults in charge, not demanding adolescent mindsets which see “fossil fuels” as evil, solar as good.
The PM/DSA Democrat cultists have promised America the era of the "Jetsons" but are delivering the era of Flintstones.
