Jerry Simmons, president of the Domestic Energy Producers Alliance, said President Joe Biden’s statements about removing fossil fuels by 2050 and his administration’s tightening of the industry’s regulations are stifling the production of energy and causing prices to rise. “When you make these statements about an industry and, as the president, the incoming president, then you kind of set the stage,” Simmons told NTD Business on March 10. He added that the rhetoric about fossil fuels further curtails investors’ willingness to put money into an industry already hurting from the COVID-19 pandemic. Simmons was referring to statements Biden made during his campaign about ending the use of fossil fuels by 2050 to mitigate the so-called climate crisis. Simmons said that investment is key to exploring fossil fuels because each viable well costs millions of dollars to get up and running. “A typical well today costs about $8 million to drill; this isn’t …