In the first week of his presidency, Joe Biden showed that he intends to destroy America’s energy independence. But his designs go much farther than ending just the XL Pipeline. He aims to destroy 80 percent of America’s energy industry.
Like every other foolish Democrat, Biden is banking on the fantasy of “green energy” to fuel the world’s biggest economy.
As former Trump economic adviser Stephen Moore noted that Biden has a sordid plan to kill jobs by the hundreds of thousands if not millions.
“The goals: kill fossil fuels; stop the building of pipelines; enter international treaties that outlaw fossil fuel use; end drilling on federal lands; strangle the oil and gas industries with regulatory assaults. And then throw billions and perhaps trillions of tax dollars at wind and solar farms,” Moore wrote.
The U.S. Energy Information Administration recently released a chart showing the latest official data on U.S. energy production sources from the Department of Energy. Some 80 percent of all our energy comes from oil, gas and coal. Less than 5 percent comes from wind and solar. Somehow, Biden is going to magically flip these percentages around in five or 10 years? Even the federal forecasters who support renewable energy think that is highly unlikely.
Moore added that even if Biden was able to miraculously quadruple America’s so-called “green energy” output, it would only amount to about 25 percent of our energy needs.
But Moore added that Biden’s plans will cause our energy prices soar.
As we produce less oil and gas domestically, two bad things will happen. First, gas prices are going to rise rapidly — perhaps to above $4 a gallon. Prices have already started to rise at the pump to more than $2.50 a gallon in many markets. Second, we will make up for the lost domestic energy production by importing more energy from Saudi Arabia, Russia and OPEC nations.
Bidens plan will completely destroy the energy independence we achieved under Donald Trump.
Worse, when we have to get our energy from foreign sources again, environmental standards once again suffer. “Trump was right when he said that we have the toughest environmental standards in the world. So, shifting energy production out of America only increases greenhouse gases,” Moore said.
“Are Americans willing to pay $4 or $5 a gallon to fill up the tank with Saudi oil or Russian gas?” Moore asked.
The conservative economist concluded, saying, “Wouldn’t it be smarter, safer and, yes, more virtuous to get the energy we need from Texas, Oklahoma, North Dakota or even Alberta, Canada, than from countries that hate us?”
Indeed it would.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.