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Biden Energy Blunders Beget Global Instability and Domestic Pain

Posted on Thursday, February 24, 2022
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by Outside Contributor
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The peril of presidential policy blunders is that, by the time their consequences become obvious, it’s too late to avert the painful lessons.  

Both at home and overseas, we’re witnessing that dynamic due to the self-inflicted wound that is the Biden Administration’s energy policy.  

Here at home, the federal government reports that rising energy prices account for a disproportionate 21% share of the alarming overall rise in consumer price inflation.  For perspective, the average U.S. household spent $1,200 more on energy expenditures in 2021 compared to 2020, according to the University of Pennsylvania.  

According to a new Gallup survey released this month, public satisfaction with energy policies has fallen to an all-time low, which in turn helps explain Joe Biden’s unprecedented plummet in popularity:  

Americans’ satisfaction with a variety of aspects of U.S. society and the state of policy in key issue areas remains subdued in 2022 after falling in 2021…  Of all the issues and societal aspects measured in the survey, satisfaction with energy policies has fallen the most this year.  Higher gas prices are likely the reason this sentiment has dropped 15 percentage points in the past year.  Energy satisfaction had generally been stable between 2014 and 2021, before the steep decline this year.  The 27% currently satisfied with energy policies is the lowest Gallup has measured in its trend.  

As with its other myriad policy blunders from Afghanistan to Covid mitigation, the Biden Administration claims powerlessness and preposterously denies blame.  

As summarized by a damning Congressional Joint Economic Committee (JEC) report released this month, however, Biden’s energy policies are inflating prices by persecuting production:  

One week into his presidency, President Biden issued an executive order establishing a moratorium on leasing federal lands for oil and gas production.  President Biden has since called for the re-implementation of an Obama-era rule to require oil and gas producers, processers, and refiners to install expensive technology to detect methane leaks, and in a counterproductive attempt to protect the environment, has begun rolling back any reforms from the Trump Administration that lower costs for energy producers.  The Biden Administration also revoked permits for the Keystone XL Pipeline — a pipeline that would have transported 830,000 barrels of oil a day — proposed fee hikes on domestic energy producers leasing government land, and faces internal pressure to reinstate a misguided ban on oil exports.  These and other federal actions would directly and indirectly halt new investments that are critical to expanding domestic supply.  

Investors and business leaders make business decisions based on policy actions as well as the political discussion that often precedes policy. The perceived political climate can directly influence forward-looking investment decisions, especially in heavily regulated industries. The Biden Administration has consistently threatened oil and gas producers with new taxes, regulations, and reporting requirements that raise costs for domestic producers.  

Meanwhile, the Biden Administration’s weakness and miscalculation is triggering dangerous instability overseas.  

As itemized above by the JEC, it has embraced the same European model of demonizing fossil fuels and mandating alternative energy production that has left Europe more vulnerable to Russian threats to curtail gas imports amid the winter freeze. Whereas President Trump imposed sanctions on the Russian Nord Stream 2 pipeline to Europe, Biden inexplicably relented in servility to the Germans.  That makes forcefully standing up to Vladimir Putin’s aggression nearly impossible.  

Wasn’t President Trump supposedly the one enabling Putin’s self-interest?  

Biden Administration policies are also strengthening the Iranian dictatorship.  

After President Trump tightened sanctions on Iran in 2017, its oil exports plummeted from 2.5 million barrels per day to less than one-sixth that amount – 400,000 barrels per day – in 2020.  Today, its exports again exceed 1 million barrels per day and rising, continuing its nuclear malfeasance while Biden weakly resumes the Obama delusion that Iran can be our friend.  That in turn jeopardizes Middle East stability, thereby undercutting global energy markets and stability even more.  

Amid this growing chaos, China amplifies its menace toward Taiwan and across the Pacific region, assured that its sudden allies Russia and Iran have Biden sufficiently distracted.  Biden’s catastrophic blunder in Afghanistan only exacerbates that sense of American weakness and distraction.  

The greatest irony is that the green energy agenda favored by squeamish Europeans and environmental alarmists in the U.S. didn’t even achieve its stated ends.  While the U.S. charged ahead with the fracking revolution, we achieved energy independence and reduced greenhouse gas emissions by shifting toward greater use of cleaner-burning natural gas.  Europe, meanwhile, increased greenhouse emissions as its green energy sources failed and it abandoned nuclear energy, forcing it to rely on dirtier sources.  

In any event, after just one year in office, Biden Administration energy policies are sowing chaos overseas and consumer pain here at home.  Whether Biden is wise enough to reverse course by encouraging domestic energy production rather than penalizing it is an open question, but it’s incumbent upon elected leaders and the American public to force his hand.

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PaulE
PaulE
2 years ago

One has to wonder how much Democrats and the Never Trumper crowd are willing to pay for higher oil, natural gas, gasoline, electricity, food and everything else being driven substantially higher by incompetent and malicious policies of the Biden administration and Democrat politicians in general. All because they couldn’t get past an occasional tweet that offended their delicate sensibilities. Decisions matter and when one makes decisions based on style, rather than substantive policy results that produced extremely positive results, one frequently ends up with paying a higher price in more ways than one. Now we are stuck with Biden in the White House until 2024. Three more years of the worst POTUS in American history.

Tim Thompson
Tim Thompson
2 years ago

There should be an immediate turnaround of Biden Executive Orders on the Pipeline, energy leases on Federal land. His 100 days in office overturning make America Great Trump policies to Biden’s make America hurt policies needs to be rescinded. It has become a world problem now with Russia invading the Ukraine. He better act before China decides to compete with Russia and invade Taiwan.

Adonis
Adonis
2 years ago

These are not energy blunders, thus is all international destruction of the middle class.

Pete from St Pete
Pete from St Pete
2 years ago

Biden’s short sightedness that found America paying Putin enough money to not only shore up his failing communist economy, but also helped finance his build up so Russia could attack Ukraine. nice going a**hole.

paul
paul
2 years ago

Not a blunder at all but a calculated move to destroy the American economy . Called for by unelected task masters whom answer to no one.

tika
tika
2 years ago

all of “stutter-boy’s” problems are just like the scarecrow’s problem, except the scarecrow’s straw make him more valuable.

John Hunt
John Hunt
2 years ago

Obama was a lousy President during his 8 years, made misstep after blunder…and he’s not done much better as the puppeteer behind “Uncle Joe” Biden for this past year-plus. Incompetent and arrogant then…incompetent and arrogant now.

Stephen Russell
Stephen Russell
2 years ago

Had he NOT shutdown the pipelines wed not be in this mess now.
Oil prices hit 98.00 today

Connie Gordon
Connie Gordon
2 years ago

I don’t know why, but it is very difficult for me to put a “like” on someone’s post. I keep clicking and no response. I wanted to add others, but couldn’t get it done and gave up. Does this happen to anyone else? Maybe it’s just me. But it is very frustrating.

Morbious
Morbious
2 years ago

For petes sake, none of these executive decisions were blunders, mistakes or goofs. They’re knives pointed at the heart of this country, deliberately executed in order to weaken the country. If bidens energy policy was a mistake it wouldve been reversed by now and the oil would be flowing. This has happened because, as in canada, there are millions of us who vote robotically for leftists. Until that changes we’re in for a heck of a bumpy ride.

Karen
Karen
2 years ago

Hey Biden, open the Keystone pipe line now!!!!
What a blunder!!!! Do us a favor you commie and go to China and stay. It’s where you belong.

PaulE
PaulE
2 years ago

One has to wonder how much Democrats and the Never Trumper crowd are willing to pay for higher oil, natural gas, gasoline, electricity, food and everything else being driven substantially higher by incompetent and malicious policies of the Biden administration and Democrat politicians in general. All because they couldn’t get past an occasional tweet that offended their delicate sensibilities. Decisions matter and when one makes decisions based on style, rather than substantive policy results that produced extremely positive results, one frequently ends up with paying a higher price in more ways than one. Now we are stuck with Biden in the White House until 2024. Three more years of the worst POTUS in American history.

Tim Thompson
Tim Thompson
2 years ago

There should be an immediate turnaround of Biden Executive Orders on the Pipeline, energy leases on Federal land. His 100 days in office overturning make America Great Trump policies to Biden’s make America hurt policies needs to be rescinded. It has become a world problem now with Russia invading the Ukraine. He better act before China decides to compete with Russia and invade Taiwan.

Adonis
Adonis
2 years ago

These are not energy blunders, thus is all international destruction of the middle class.

Pete from St Pete
Pete from St Pete
2 years ago

Biden’s short sightedness that found America paying Putin enough money to not only shore up his failing communist economy, but also helped finance his build up so Russia could attack Ukraine. nice going a**hole.

paul
paul
2 years ago

Not a blunder at all but a calculated move to destroy the American economy . Called for by unelected task masters whom answer to no one.

tika
tika
2 years ago

all of “stutter-boy’s” problems are just like the scarecrow’s problem, except the scarecrow’s straw make him more valuable.

John Hunt
John Hunt
2 years ago

Obama was a lousy President during his 8 years, made misstep after blunder…and he’s not done much better as the puppeteer behind “Uncle Joe” Biden for this past year-plus. Incompetent and arrogant then…incompetent and arrogant now.

Stephen Russell
Stephen Russell
2 years ago

Had he NOT shutdown the pipelines wed not be in this mess now.
Oil prices hit 98.00 today

Connie Gordon
Connie Gordon
2 years ago

I don’t know why, but it is very difficult for me to put a “like” on someone’s post. I keep clicking and no response. I wanted to add others, but couldn’t get it done and gave up. Does this happen to anyone else? Maybe it’s just me. But it is very frustrating.

Morbious
Morbious
2 years ago

For petes sake, none of these executive decisions were blunders, mistakes or goofs. They’re knives pointed at the heart of this country, deliberately executed in order to weaken the country. If bidens energy policy was a mistake it wouldve been reversed by now and the oil would be flowing. This has happened because, as in canada, there are millions of us who vote robotically for leftists. Until that changes we’re in for a heck of a bumpy ride.

Karen
Karen
2 years ago

Hey Biden, open the Keystone pipe line now!!!!
What a blunder!!!! Do us a favor you commie and go to China and stay. It’s where you belong.

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