Curbing inflation, particularly fuel prices that have soared above $5 per gallon in a number of states, and bolstering America’s position in the face of geopolitical rivals such as China and Russia requires changes to domestic energy production, refining, and transportation, according to Kelly Sloan, a senior fellow in energy and environment at the Centennial Institute, a think tank affiliated with Colorado Christian University.
One of the weakest aspects of President Joe Biden’s fiscal policy, Sloan argued, has to do with the president’s approach to energy procurement and distribution. This has led to out-of-control fuel prices, he said.
“Of course, that translates directly to oil and gas production, and not just oil and gas production, but transportation and refining. We can drill all we want, but if we don’t have the infrastructure, the capacity to transport the product to a refinery and then refine it into something that you can put into fuel tanks, it won’t do,” he said….