"Energy independence was not an awful goal. But true independence cannot be achieved by the market alone. The U.S. ensures that its food supply, timberlands, and water quality are not administered solely by the market. That same philosophy can apply to two of its most important natural resources: its fossil fuels and its climate. The first goal can be achieved through more aggressive management of the industry; the second, by a phaseout of fossil fuels altogether. Only through such stewardship can the United States secure the true dividends of prosperity and freedom."
This implies that our climate is isolated from the rest of the world's climate. That if we "phaseout fossil fuels altogether" that somehow that will save one of "our most important natural resources": climate. This makes no logical sense whatsoever but is in line with what seems to be some of the policy philosophy: if we impede additional domestic oil and gas exploration, new drilling and production, this somehow makes us greener by importing oil/gas from other countries (like Russia). It sort of highlights the contradictory goals of our energy policy.
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I'm mixing two Biden quotes, of course.
Could we produce more oil than we consume? Absolutely we could, but the green warriors are against increases in domestic production even though in low crude price times it doesn't do anything to reduce consumption.
As Obama said, high oil prices ($5/gallon gas) will address the desire to reduce consumption naturally over time. But with an election coming up, this is a political problem. Americans don't want to pay more at the pump or reduce their consumption to save the planet, especially during times of high inflation.
So let's just buy more oil from the Saudi's or Venezuelens. What problem does this solve again? Does it reduce consumption? Does it reduce green house gas emissions? Does it reduce America's dependence on foreign oil? No to all these questions, but it may help politicians get re-elected and kick all these cans down the road.
It won't help oil price, let's stay away the market, give government more control over both oil & gas industry and electric vehicle & renewable energy industry. These people will never waste a crisis for their agenda. They are idealogue, not the problem solvers.
Good line from it:
For geological and political reasons, they maintain some spare capacity, that is, oil-pumping capacity that can be turned on and off within six months. They consider fossil-fuel production to be a question of national security, and they regulate it as such.
The United States does not take this approach to its fossil fuels. The federal government does not claim any right to the oil or gas under private land. It has no policy tool to quickly increase or decrease drilling.
It is life. You reduce oil, you impact life; you kill the oil, you destroy life.
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Fracking wells does not take eight months.
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D’s and cancel culture again.
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