@SecretaryPete and @JoeBiden speaking about trucking and how much trucking means to the country shows means that they have no idea that trucks run on fossil fuels and they are creating a crisis #BidenGasCrisis#WorstPresidentEver
Plus, something that gets left out of the current discourse is that numerous states have banned or proposed banning fracking, an effective way to access hard-to-reach energy sources.
I’ll give you one guess which politically party was behind these efforts.
And there were numerous hearings where Democrats have demonized the oil and gas industry in colorful but seriously dubious ways, making the industry’s standing on that side of the aisle clear.
Congressional Dems have also taken steps to add tighter (and in some cases, just punitive) regulations that make it harder for domestic energy companies to do business, including regs on offshore oil & regarding methane.
Naturally, making a process harder increases the cost.
And it wasn’t just Biden acting on his own.
As @SaysSimonson wrote about for @FreeBeacon, Dems in Congress have pushed to restrict domestic energy production even as prices have climbed:
https://t.co/1IePRV4NbW
These signals matter.
Extractive industries like oil & gas rely heavily on tea-leaf-reading, because even seemingly small gov’t actions can have huge impacts for a heavily regulated industry. A quick, easy-to-follow breakdown of some of the reasons here: https://t.co/Yp3b2SB2Og
All of these federal efforts came with a clear goal in mind: sending a signal that the days of fossil fuels would be ending soon.
Again, once upon a time, the corporate press was comfortable admitting this was the goal:
https://t.co/IRkBmQHjTS
In June of 2021, Biden suspended oil and gas leases that the Trump Admin had granted in Alaska, outraging local officials and ending one of the key actions Trump took to expand domestic energy production. https://t.co/VLsRmao1N9
Taken together, these early moves represent what climate activist Bill McKibben said “may well mark the official beginning of the end of the fossil-fuel era” arguing “they send a decisive signal about the end of one epoch and the beginning of another.” https://t.co/mOwnGo7bQq
And I’m sure that no one has forgotten that Biden shutdown the Keystone XL pipeline on his first day in office.
But what you may have forgotten was that this was part of a broader suite of efforts to “reverse ‘more than 100’ Trump-era policies.” https://t.co/5YqxDldQQE
Biden also proposed ending a wide range of tax benefits for drilling and exploration, something supporters said would hopefully “discourage additional oil and gas development.”
This makes the process more expensive, particularly when competing with heavily subsidized renewables.
Back before gas prices hit record highs, Biden’s allies were praising the Admin for taking bold steps to limit fossil fuel production.
One of their key points? We, supposedly, already had enough supply “to meet domestic needs.”
https://t.co/XykMTgCPGH