“Trying to limit the political damage of skyrocketing gasoline prices, the Biden administration on Sunday trotted out Energy Secretary Jennifer Granholm. They’d have been better off if she’d gone to Mass.”
“Appearing on CNN’s “State of the Union,” Ms. Granholm said “we need to have increased production, so that everyday citizens in America will not be feeling this pain that they’re feeling right now.””
“The context of the discussion was President Biden’s upcoming visit to the Gulf Cooperation Council, where he’ll ask the Saudis to increase oil production. Ms. Granholm got the general principle right: The answer to high prices is increased supply. What she got wrong was locating the solution some 7,500 miles away in Middle Eastern oil fields.”
“On his first day in office, Mr. Biden canceled the Keystone XL pipeline and halted new leases in Alaska’s Arctic National Wildlife Refuge. A week later, he banned new oil and gas leases on federal lands and waters, and in June he shut down explorationon existing leases in ANWR. In October, he increased the regulatory burdens on building pipelines and other infrastructure. This February he limited leasing in Alaska’s National Petroleum Reserve. At every turn Team Biden has worked to restrict and reduce domestic oil and gas production.”
Read the article here:https://www.wsj.com/articles/biden-energy-market-gas-oil-green-energy-fossil-fuels-production-high-prices-11655924583?mod=itp_wsj&mod=djemITP_h
THE HYPERSPACE RAMBLER 