Afternoon TEA: Biden Earns “F“ For First 100 Days
Did you know?
We recently passed President Biden’s first 100 days in office and just about everybody is assessing the impact of his policies and what they mean for the American people. Unfortunately, with the course Biden has set, our nation’s energy picture couldn’t be cloudier.
Affordable Energy for Our Families – Grade: F
On his first day in office, Joe Biden revoked the Keystone XL Pipeline permit. The project would have created tens of thousands of jobs and billions in earnings. Now, all that oil will be moved by train and trucks – a more expensive, more environmentally harmful way to go.
Clean Energy for Our Environment – Grade: F
With the president’s rhetoric on the environment, you would expect policies proposed to meet the challenge. Killing the Keystone XL Pipeline actually increased the carbon footprint of the gas and oil moving through the system. And, Special Climate Envoy, John Kerry, flies private, saying, it is “the only choice for somebody like me.” Especially interesting that Kerry said this after flying to Iceland to receive a climate award.
Abundant Energy for Our Future Grade: F
America has nearly a 100-year supply of natural gas. This is a vast resource that could virtually guarantee prosperity. And, the Biden campaign repeatedly and publicly professed that they would not waste this valuable resource by banning fracking. But in February when a regional commission voted to do just that, Biden’s US Army Corp of Engineers abstained from voting, allowing the ban to stand.
Domestic Energy for Our Security Grade: F
America’s vast energy resources as well as our vibrant economy power a global engine. But the Biden Administration is attempting to choke that engine and put us at the mercy of our competitors. By reentering the Paris Accord Agreement, they may have scored points with our European allies, but our adversaries in China and Russia are having a field day. Analysis shows it could cost 1.1 million jobs by 2025 and 6.5 million by 2040.
The new Administration’s policy decisions and public statements have taken a decidedly anti-energy turn. Instead of unleashing the potential of our domestic energy industry, the Biden Administration has walled it off and locked it down.