Spun Gold To “Reimagine” BAFTA Coverage
10.10.2022 - 10:07 / foxnews.com
Our nation is once again in a perpetual state of energy dependence.Twice now, the president of the United States has pleaded with the Organization of Petroleum Exporting Countries (OPEC) to come to the rescue of the American economy, and twice he has been snubbed.The most recent instance only confirms what everyone has known for nearly two years — the emperor has no clothes. This week OPEC and its plus one Russia (OPEC+) announced they would curb production by 2 million barrels per day.This happened despite the Biden administration’s quid pro quo scheme to purchase OPEC barrels to refill the Strategic Petroleum Reserve (SPR) in exchange for a guarantee to not lower production. According to Goldman Sachs, we are likely to see oil prices return to $110 per barrel, and gasoline prices will likely return to $5-$6 a gallon nationally. It’s understandable to see this announcement as a betrayal by OPEC, but the real betrayal is the Biden administration’s actions in weakening America’s energy independence and dominance.
America should never be put in a position where our energy policy is dictated by foreign nations. Under our leadership in 2019, the U.S.
achieved energy security when we became a net energy exporter for the first time in 67 years. That all came to a grinding halt when the Biden administration took the reins of the American economy. Since day one, when American energy producers were struggling to come up for air from the devastation of the pandemic, the Biden administration tied cement blocks to their legs by canceling the Keystone XL pipeline, layering regulatory red tape, and empowering excessive litigation aimed at killing new energy infrastructure development — and he did it all while pointing the
.Spun Gold To “Reimagine” BAFTA Coverage
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If President Joe Biden was looking for a gift for former President Jimmy Carter’s 98th birthday, his mishandling of the OPEC situation sure fits the bill. For all the current administration’s shortcomings and failures, they have been remarkably effective at waging war on America’s energy producers.
President Joe Biden has taken a number of steps to curb domestic fossil fuel production since taking office but has still turned to foreign dictators for oil as prices have ticked up. The Biden administration has aggressively pushed its climate agenda, which includes a transition from fossil fuels to green energy, over its first 20 months in office. For example, it has taken aim at oil and natural gas pipelines, restrained leasing on federal lands and waters, moved forward with stringent climate disclosure rules for the private sector and introduced burdensome environmental regulations.
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