“Mr. President, America is the world’s energy superpower. It is time we started acting like it again.”
We live in ironic political times when it comes to petroleum, a pillar of the master resource of energy. But consumers know and like their best energies, prominently including gasoline and diesel at the pump.
When citizen voters fuss about key petroleum products, politicians take off their ‘green’ masks and bow to reality. Remember Al Gore in his 2000 presidential run when motor-fuel prices became an issue? The author of Earth in the Balance stated:
I have made it clear in this campaign that I am not calling for any tax increase on gasoline, on oil, on natural gas, or anything else. I am calling for tax cuts to stimulate the production of new sources of domestic energy and new technologies to improve efficiency.
As long as I’m President, we’re going to keep on encouraging oil development and infrastructure, and we’re going to do it in a way that protects the health and safety of the American people. We don’t have to choose between one or the other, we can do both.
And today, with Trump-era petroleum plenty turning tight in the U.S. and around the world, President Biden stated:
On the surface, it seems like an irony. But the truth of the matter is — you’ve all known; everyone knows — that the idea we’re going to be able to move to renewable energy overnight [is] … just not rational.”
DOE Secretary Jennifer Granholm told U.S drillers: “Get your rig count up.” And John Kerry: ““But you can’t just shut down everybody’s economy across the planet and say, ‘OK, we’re not going to use oil’ or whatever.”
The enemies of oil want the very industry they despise to give them more time, a last hurrah, to better destroy that industry. (I wish Ayn Rand were alive to put words around this ironic travesty.) And, with courage and fervor, the Republican Party is calling out the destructive “Green” energy agenda for what it is.
This press release from the Senate Committee on Energy & Natural Resources went out earlier this week:
WASHINGTON, D.C. — Today, every Republican member of the Senate Committee on Energy and Natural Resources (ENR) sent a letter to President Biden outlining 10 steps he and Congress can take to regain America’s energy dominance.
The letter notes that, “Making America energy dominant will increase our nation’s and our allies’ security.” It offers 10 sensible steps to restore America’s energy dominance and blunt Russia and China’s energy-fueled geopolitical ambitions.
Of the ten points, nine can be described as free market or market conforming. Only Point Five calling on the U.S. Department of Energy to purchase domestically-produced uranium for a strategic uranium reserve is interventionist–and should be rejected as inconsistent with the rest of the letter.
The full March 2nd letter follows:
Dear Mr. President,
Russia’s invasion of Ukraine has laid bare a broken U.S. energy policy. It is time to change course and return America to its dominant role in global energy.
It is no secret that we have been opposed to the approach you have taken towards American energy production. Your administration’s focus on ending the production and use of traditional sources of American energy has contributed to soaring inflation. It also has left the U.S. and our allies vulnerable to the malicious maneuverings of Vladimir Putin. It is astonishing that while Putin’s Russia was poised to gobble up Ukraine, your climate envoy, John Kerry, was saying, “I hope President Putin will help us to stay on track with respect to what we need to do for the climate.”
You set the tone on your very first day in office by killing the Keystone XL pipeline. That sent an unmistakably strong signal to markets that your administration will oppose investments in U.S. oil and natural gas projects. The Keystone decision and others you and your administration have made continue to aggravate market uncertainty and contribute to the underinvestment we have seen in the oil and gas sector. The resulting rise in energy costs and inflation have hurt American families and our economy. Those decisions have also weakened our ability to address the immediate crisis in Ukraine and support our North Atlantic Treaty Organization allies.
Giving Putin’s Nord Stream 2 pipeline the green light was another blunder. Our policy should be to make Europe less reliant on Russian energy, not more. American energy should be part of that diversification effort, but your administration has made that ever more difficult.
It is time for your administration to develop a new approach that embraces America’s energy abundance. American-produced energy is not just good for our economy and international competitiveness. Making America energy dominant will increase our nation’s and our allies’ security.
Mr. President, releasing crude oil from the Strategic Oil Reserve or offering a gasoline tax “holiday,” as some have suggested, would do precious little in the short run and nothing in the long run. What is needed is an approach that will help us get through this energy crisis and equip us to prevent future energy crises.
Here are 10 things we can do that will help spur greater American energy production, blunt Russia and China’s energy-fueled geopolitical ambitions, and restore America’s dominant role in global energy:
Last month, before Russia’s invasion of Ukraine, you said you would “work like the devil” to protect American families and businesses from rising energy prices and inflation. We believe it is in America’s national interest, however, that you work like the moderate president you claim to be, reach across the aisle, and pursue with us the sensible and critical steps outlined above.
Mr. President, America is the world’s energy superpower. It is time we started acting like it again.