The president of the United States is celebrating the 'transition' away from affordable energy in the middle of an economic shock.
When it comes to the gas prices, President Joe Biden explained Monday, “we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.”
That’s, of course, if we survive the transition out of modernity...
Nearly every piece of climate legislation championed by Democrats, from cap-and-trade to Green New Deal, has been a deliberate effort to make energy less affordable, either by creating scarcity through fabricated markets and inhibiting fossil fuel production (banning fracking or stripping leases) or by trying to spike prices through gas taxes and mandating expensive alternative sources.
In 2020, Biden promised a “100% clean energy economy” with “net-zero emissions” in only a few decades. And like environmentalists have for decades, he ignored the huge destructive tradeoffs such a strategy would require. Among the very first things Biden did was rejoin the Paris agreement, revoke permits to build the Keystone XL — a pipeline that was marked to carry approximately 800,000 barrels of oil a day into the United States — and sign a slew of executive orders prioritizing climate change over energy production, halting new oil and natural gas leases on all public lands....
We’ve spent billions trying to make green energy a thing every year since then, and have been for decades, and yet we still derive only 12 percent of our energy from renewables – and within those renewables, only 11 percent from solar, the source most talked about by Malthusians. Around 63 percent of our renewable energy comes from useful geothermal, hydroelectric, and biomass sources.
Most of the progress made on lowering carbon emissions has been due to natural gas and technological efficacies in existing technology. (Adaptability is a far cheaper, more useful, and more reasonable strategy. We’ve been doing it for 200,000 years, give or take. The Department of Energy recently released $3.5 billion to fund direct air capture technologies that remove carbon dioxide, which likely do more in the long run than all the choo-choo trains or windmills.)
In any event, the upside of fossil fuels – cheap, portable, abundant – far outweighs the negatives of climate change. Economies would collapse without them. And for emerging nations, affordable fossil fuel remains a prerequisite for lifting billions of people out of poverty. And yet here is the president of the United States celebrating the “transition” away from affordable energy in the middle of an economic shock.