Jimmy Carter ignored the need for more energy and paid a steep price when he ran for re-election. Half a century later, Joe Biden is also ignoring it.
Because Biden chose to put “green” ahead of not only “national prosperity,” but also, “national security.”of free-market-minded observer Steve Milloy, “The most effective action to counteract the cut in Saudi oil production would be to ease the regulatory burden and offer unabashed support for the American oil and gas industry…. But Biden won’t do so.”
And that’s a shame, because the U.S. that Biden took over in 2021 was probably as energy-secure as it’s ever been.a net energy exporter for the first time since World War II.As Senator Bill Cassidy likes toon a pledge of “ensuring that the U.S. achieves a 100% clean energy economy and net-zero emissions no later than 2050.”Biden entered office pursuing a fossil fuel agenda animated by the idea that additional North American production should be discouraged.
The theory behind this agenda was coherent— restricting the supply of fossil fuels would push consumers toward renewable energy and accelerate the green transition—but that’s a strategy that inherently involves pushing prices up.With goals such as that, with policies such as that, higher prices were the feature, not the bug.
For his part, Carter was happy to leave them in place, because regulating the economy is what Democrats do. In addition, long before Newsom, Booker, or Warren, Carter had a demagogic streak of his own; in October 1977, heSuch hot rhetoric, of course, does nothing to actually encourage producers to produce more energy.Unsurprisingly, U.S. oil production
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