https://the-pipeline.org/bidens-continuing-war-on-energy-independence/
The Biden administration is terminating the seven remaining oil leases in Alaska’s Arctic National Wildlife Refuge (ANWR). These seven leases represented the last vestiges of the Trump era of America’s energy dominance. With the termination of these seven leases, the Biden administration has signaled to the world that it’s going to kill affordable energy for Americans along with U.S. energy dominance in the name of “saving our planet.” And just what does president Biden think he’s saving our planet from? “Climate change,” of course.
Thanks to Biden’s short-sighted decision, energy analysts report that the United States will produce 140,000 barrels of oil per day less than previously. This means that American energy consumers can anticipate a concomitant increase in their average fuels costs. Not surprisingly, the ecochondriacs who dominate America’s political, media, and educational sectors today rarely take into account basic economics. In this case, the law of supply and demand. The cut in American energy production will force the U.S. to rely more heavily on unstable foreign sources of fossil fuels, such as those in Saudi Arabia, Russia, and Venezuela.
In September, the government of Saudi Arabia surprised the world when it chose to cut oil production. This move has spiked the price of oil on the world market. Many energy experts are projecting that the cost of oil could spike to $100 per barrel or more. Meanwhile, Russia, another major fossil fuel producer, has also decided to cut production. Tack on increasing demand from China, the world’s second-largest economy with one of the largest middle-classes in the world, and you’ve got the perfect storm of energy insecurity for an America thanks to the radical Biden administration climate agenda.
Who benefits from the increased price of oil? The very regimes that the United States has problems with. Although the Saudis are a longtime regional partner in the Middle East, the U.S.-Saudi relationship has long been fraught, even before 9/11. The Biden administration has become especially antagonistic toward the Kingdom over their human rights abuses. Yet, by cutting American domestic energy production, Biden is ensuring the U.S. will be even more dependent on this unstable, even distasteful ally.