Comeuppance received

During the previous administration, the United States achieved energy independence, a goal that many had thought unachievable. But Democrats like Joe Biden saw that as a bad thing. When he came into office, he deliberately kneecapped the domestic energy industry.

Now oil and gas prices are soaring and Biden’s poll numbers are plummeting. First he went to OPEC to ask them to help, but naturally they refused. As a last resort, he went to domestic energy producers — the same people he proclaimed to be the enemy — to beg for help.

It would be his just desserts if they told him to get lost, but the truth is, his appeal is irrelevant. Domestic producers are not a cartel like OPEC that can just decide to produce more. They are an industry that responds to economics, and Biden deliberately created a situation in which it is unprofitable for them to produce more. They aren’t going to agree to lose money just to help Biden.

If Biden wants more domestic production, he has to undo what he has done:

By pursuing policies that restrict supply and make it harder to produce oil and natural gas here in America, Americans will have to pay more for their energy,” said Anne Bradbury, chief executive officer at the American Exploration and Production Council, which lobbies for independent oil-and-gas producers.

(Via The Daily Signal.)

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