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By James ‘Spider’ Marks for RealClearEnergy
Since Day One, President Biden has taken bold measures on his energy agenda.
Among his many initiatives is the reversal of several of the economic-driving policies of the previous administration.
His federal leasing ban in particular is expected to have far reaching effects on local economies across the country, and increase reliance on foreign countries including Russia and Saudi Arabia for our energy needs.
This approach would significantly undermine our country’s energy security and return the U.S. to a heavy dependence on energy imports.
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In fact by 2030, such a ban could increase U.S. oil imports from foreign sources by 2 million barrels a day and spend $500 billion more on energy from foreign suppliers, according to an American Petroleum Institute analysis last year.
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This would leave America vulnerable to supply shortages and allow competitors such as Russia and Middle Eastern countries – among the largest natural gas producers but still lagging behind the U.S. – greater leverage in global energy markets.
The analysis also points out a potential of nearly 1 million jobs lost by 2022, especially in top producing states including Wyoming, Colorado, Utah and New Mexico. Sign up to receive the latest political news, insight, and commentary delivered directly to your inbox. By subscribing, you agree to receive emails from ThePoliticalInsider.com and that you’ve read and agree to our privacy policy and to our terms and conditions . You further agree that the use of reCAPTCHA is subject to the Google Privacy and Terms of Use .As our country continues to rebound from the economic downturn of the pandemic, now is not the time to put good paying jobs at risk.Looking back to the 1970s, Americans had to wait in lines to get gas on designated days, because of an oil embargo imposed on the U.S. by the Oil Producing Exporting Countries (OPEC). Gas prices also increased 40 percent within a few months and President Nixon announced on November 7, 1973 a goal of U.S. energy independence by 1980.It […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
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JD Rucker