Activist countries

America wants more oil, but only other countries

The self-defeating nature of Biden’s various energy policy moves continued Thursday as officials said they were considering a pair of moves seemingly designed to worsen the domestic oil and gas situation, not the US. to improve.

Biden officials are preparing to ease sanctions on Nicolas Maduro’s regime in Venezuela to allow it to pump more oil in exchange for “constructive talks” with the political opposition, as reported by the the wall street journal. The move would be designed to allow Chevron
and other American companies with interests in this authoritarian country to intensify their exploration and production efforts there.

So, we see this administration once again pursuing an energy policy that demands more oil from any nation other than the United States of America.

Upon learning of the administration’s plan, Alaska Sen. Dan Sullivan tweeted, “This is national security suicide. [President Biden] shuts down power generation in America, especially Alaska, then kneels to dictators in countries like Iran, Saudi Arabia, and Venezuela, begging them to produce more power. Does anyone in America think that makes sense?

The last question is valid, but no one in the Biden presidency seems willing to ask and answer it in his zeal to cling to his national narrative on green energy, which seems to demand that he take action to inhibit domestic oil production, whatever the consequences. . The Maduro regime’s outreach seems particularly insane from an environmental standpoint, given that oil produced in the United States is conducted to far more rigorous standards than in Venezuela.

Assuming Biden and his officials recognize that all countries share the same climate and atmosphere, a true “green” energy program would logically seek more oil production in the United States and less in Venezuela and other very pollutants.

Of course, that hasn’t been the driving logic of Biden’s policies since the day he took office. It was on that day, after all, that he canceled the cross-border permit for the Keystone XL Pipeline Northern Extension, which would have transported oil to the United States from Canada via a modern, environmentally friendly pipeline. environment rather than the more – polluting trains and trucks that currently transport crude across the border. It was just the first in a long line of seemingly irrational energy policy acts by this administration.

By now it should be obvious to everyone that logic has little to do with Biden’s energy policy, which seems almost entirely based on political ideology. How else to explain the second story that surfaced on Thursday, in which Fox News and others reported that Biden officials were still actively considering a complete halt to oil and gas lease sales in offshore federal waters like the Gulf of Mexico and off Alaska. , areas that provide up to 15% of domestic oil and natural gas?

In a long-delayed decision on a new five-year offshore charter plan, the Home Office is considering a structure that would hold a range of ‘0 to 11’ charter sales over that period. In a Home Office led by Secretary Deb Haaland, a longtime anti-oil campaigner, one could only reasonably expect that the actual number of sales made would end up being much closer to 0 than 11. But any number in that range would represent a dramatic reduction in the frequency of lease sales held under every previous administration since the Reagan years.

The plan is obviously designed to further hamper America’s ability to produce its own oil as the president and his officials continue to seek more oil production from other countries with looser environmental regulations. These measures also help explain why President Biden and other administration officials have reacted so aggressively to the deep production cuts of 2 million barrels per day announced by the OPEC+ cartel on Wednesday. As this presidency continues to act to restrict America’s domestic oil industry, it needs more production from OPEC+ and other countries, not less, to avoid major spikes in gasoline prices, which recently resumed an upward trend.

During a Sept. 15 roundtable, former Obama economic adviser Larry Summers called Biden’s energy policies “a little crazy.” Developments this week indicate that Mr. Summers may not be far off that assessment.