Commentary
Self-inflicted wounds create teachable moments, but the architects of America’s current energy crisis are learning all the wrong lessons.
Skyrocketing energy costs are one of America’s harsh post-COVID realities. And with one in four American households struggling to pay for their energy needs before COVID, policymakers should have set their sights on making energy more affordable for more Americans.
Instead, as Joseph Toomey points out in his new report RealClearEnergy report, “Energy Inflation Was by Design,” policymakers squeezed supply everywhere they could, so it would become impossible to meet demand.
From the beginning, the Biden administration has prioritized restricting access to the fuels that power nearly 80 percent of America’s economy and roughly three-quarters of American homes. Revoking permits for the long-embattled Keystone XL Pipeline was one of President Biden’s first executive orders, making it harder and more dangerous to transport Canadian fossil fuels to American refineries. This decision was all the more hypocritical when, weeks later, President Biden gave his approval of Russia’s Nord Stream 2 pipeline to Germany….