{"id":217487,"date":"2021-04-02T01:10:30","date_gmt":"2021-04-01T22:10:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bidens-needless-costly-war-on-us-energy-producers-will-hurt-your-wallet\/"},"modified":"2021-04-02T01:10:30","modified_gmt":"2021-04-01T22:10:30","slug":"bidens-needless-costly-war-on-us-energy-producers-will-hurt-your-wallet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bidens-needless-costly-war-on-us-energy-producers-will-hurt-your-wallet\/","title":{"rendered":"#Biden’s needless, costly war on US energy producers will hurt your wallet"},"content":{"rendered":"

“#Biden’s needless, costly war on US energy producers will hurt your wallet<\/strong>”
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The new Biden infrastructure and energy plan is supposed to create \u201cmillions of new jobs.\u201d But it is tantamount to a declaration of war against one of the largest sources of new jobs in the United States: our domestic energy producers.\u00a0<\/p>\n

It spoke volumes that when President Biden\u00a0hosted\u00a0an energy roundtable at the White House a few days ago, the reported list of invitees included the chief executives of many multinational corporations but not one all-American firm (the White House has declined to disclose the full list of invitees). Those multinationals \u2014 firms like BP, Chevron and Exxon \u2014 invest nearly as much overseas\u00a0as they do here at home.<\/p>\n

So much for putting America first.\u00a0\u00a0<\/p>\n

America didn\u2019t become the\u00a0world\u2019s largest energy exporter\u00a0in recent years\u00a0because of big conglomerates.\u00a0It was \u201cwildcatters,\u201d\u00a0with their hydraulic fracturing operations entirely situated within the United States, that nearly doubled domestic drilling. Such smaller enterprises don\u2019t have complex \u201cglobal footprints.\u201d<\/p>\n

As a White House economics adviser I used to discuss energy policy with then-President Donald Trump. I\u2019d tell him that we should strive to make America \u201cenergy-independent,\u201d but he would chastise me and insist: \u201cI want to make America energy-dominant<\/em>.\u201d<\/p>\n

Trump regularly\u00a0relied for advice on groups\u00a0like\u00a0the Domestic Energy Producers Alliance. He consulted regularly with on-the-ground experts like Harold Hamm,\u00a0the president of Continental Energy and the largest driller of the Bakken Shale in energy-rich North Dakota. As a result of this crusade for energy dominance, in Trump\u2019s last month in the Oval Office, the United States for the first time in half a century imported zero<\/em> oil from Saudi Arabia.\u00a0<\/p>\n

When\u00a0America\u00a0eliminated its dependency\u00a0on foreign producers,\u00a0it also\u00a0lowered energy prices\u00a0for the poorest Americans,\u00a0with gas prices in many states falling to below $2 a gallon.<\/p>\n

The quest for energy dominance also yielded massive job gains. The number of Americans directly employed by oil and gas producers\u00a0hit 800,000 last year.<\/p>\n

Those days \u2014 along with two-bucks-a-gallon gas \u2014 may be coming to an end. Biden and his media<\/a> and technocratic allies view domestic energy production as a villain to vanquish. Even if they perceive its value, they are nevertheless prepared to sacrifice it on the altar of climate and \u201csustainability.\u201d\u00a0The\u00a0left\u00a0sees job losses in this industry as a small price to\u00a0achieve its \u2014 insane \u2014 goal\u00a0of zero carbon emissions by 2035.\u00a0\u00a0\u00a0\u00a0<\/p>\n

That cavalier disregard for America\u2019s blue-collar workforce isn\u2019t what we were promised.\u00a0As a presidential candidate, Biden vowed he wouldn\u2019t push those workers into unemployment, and he even went so far as to\u00a0endorse\u00a0fracking.\u00a0But then in his first days in office, he curtailed the Keystone Pipeline and banned more drilling on federal lands, where there are tens of trillions of dollars of energy resources.\u00a0<\/p>\n

The biggest winner in Biden\u2019s new energy plan will be the Middle East. That\u2019s mainly because the \u201cclean-energy\u201d solutions the left advocates can\u2019t\u00a0possibly come close to meeting our energy needs for the next several decades.\u00a0<\/p>\n

Today, more than 75 percent of our energy comes from fossil fuels, and less than 7.5 percent comes from wind and solar power.\u00a0Less than 2 percent of the cars on the road are electric vehicles. So if we don\u2019t produce the oil and gas here, we are going to fill our tanks with oil and gas from the\u00a0Middle East\u00a0or Russia, enriching Mideast petro-despots and the Kremlin in the process.<\/p>\n

Biden must stop treating our domestic oil and gas producers as the enemy of progress. Oil and natural gas power our computers, our cars and trucks, our factories, our furnaces, our cell phones \u2014 and all that encompasses our $22 trillion industrial economy. To \u201cbuild back better,\u201d let those producers be part of an \u201call-of-the-above\u201d clean, cheap and reliable all-America energy policy. \u00a0\u00a0<\/p>\n

Stephen Moore, a senior fellow at FreedomWorks, is author of \u201cFueling Freedom<\/a>: Exposing the Mad War on American Energy.\u201d\u00a0<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Biden’s needless, costly war on US energy producers will hurt your wallet” The new Biden infrastructure and energy plan is supposed to create \u201cmillions of new jobs.\u201d But it is tantamount to a declaration of war against one of the largest sources of new jobs in the United States: our domestic energy producers.\u00a0 It spoke…<\/p>\n","protected":false},"author":1,"featured_media":217488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/07\/exxonmobil-biggest-ever-loss.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[100353,71429,94183,100568,991,72970],"class_list":["post-217487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-1-21","tag-fracking","tag-gas","tag-gas-prices","tag-joe-biden","tag-oil"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=217487"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/217488"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=217487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=217487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=217487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}