Why Is Biden Threatening an American Pipeline While Begging Russia, OPEC for Oil and Gas?

Commentary Fresh after publicly begging Russia and the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil and natural gas to ease a global supply crunch and skyrocketing energy prices, the Biden administration is nonsensically considering shutting down an American pipeline that’s crucial to our energy security. The question is, why? For more than 40 years, America was held hostage to the whims of OPEC and other foreign energy producers who were hostile to our national interests. For more than four decades, politicians on both sides of the aisle lamented our foreign oil dependency and dreamed of a day when America would become energy independent. Thanks to American innovation revolutionizing horizontal drilling and hydraulic fracturing, during the Trump administration, the United States became the world’s leading oil producer and produced more oil and natural gas than we used. America additionally benefited from a helping hand from Canadian oil imports, further marginalizing the impact of Russia and OPEC on American energy security. After the Biden administration halted construction of the Keystone XL pipeline, imposed an unlawful halt to new oil and gas projects on federal lands, and stifled American oil and gas production through a variety of other means, American energy production has plateaued despite increasing demand. As a result—and predictably—oil, natural gas, and gasoline prices have skyrocketed. Home heating oil prices are up more than 30 percent since Joe Biden entered the Oval Office. Crude oil prices have risen more than 50 percent. Natural gas prices have doubled. Gasoline prices are up about $1 per gallon. None of this was necessary. To the extent rising energy prices are taking a heavy toll on American consumers’ pocketbooks, the answer is simple: stop stifling American energy production. The Biden administration claims curbing American oil and natural gas production is justified and necessary by its climate change agenda. However, even Democratic political strategist Mark Penn admitted this week that the American people value energy independence over additional measures to reduce carbon dioxide emissions. Biden administration Energy Secretary Jennifer Granholm laughed uncontrollably when asked about rising gasoline prices and whether or not the administration will increase domestic energy production to counteract increasing prices at the pump. Granholm also acknowledges that Americans will have to pay significantly higher prices to heat their homes this winter. Now, adding injury to insult, the Biden administration acknowledges it’s considering halting the Line 5 pipeline, which has delivered oil and natural gas across Michigan and Wisconsin for more than 60 years. Closing the pipeline would drive American energy prices significantly higher. In what alternate universe does shutting down production of American and Canadian oil and natural gas drive down carbon dioxide emissions when the result is we have to beg Russia and OPEC to ship oil and natural gas overseas—emitting additional and unnecessary carbon dioxide into the atmosphere in the process? Moreover, how does it benefit the environment to encourage Russia and OPEC—with inferior environmental protection laws than the United States—to produce and ship more oil and natural gas while suppressing American production? How does deliberately shifting oil and natural gas production from America to Russia and OPEC benefit the American economy or American national security? The Biden administration’s energy and environmental policies are being exposed as nothing other than political greenstanding. Shutting down American energy production appeases the radical climate lobby that wields much power over the Biden administration. However, it does nothing to benefit the environment as it simultaneously puts America and the U.S. economy at the mercy of hostile foreign powers. The Biden administration needs to put an end to any and all discussion of shutting down the Line 5 pipeline. It also needs to put an end to its Russia-and-OPEC-first energy policy. Failure to do so will impose additional woe on American consumers while doing absolutely nothing to reduce carbon dioxide emissions or benefit the environment. Views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times. James Taylor Follow James Taylor is president of The Heartland Institute. More articles from this author

Why Is Biden Threatening an American Pipeline While Begging Russia, OPEC for Oil and Gas?

Commentary

Fresh after publicly begging Russia and the Organization of the Petroleum Exporting Countries (OPEC) to produce more oil and natural gas to ease a global supply crunch and skyrocketing energy prices, the Biden administration is nonsensically considering shutting down an American pipeline that’s crucial to our energy security. The question is, why?

For more than 40 years, America was held hostage to the whims of OPEC and other foreign energy producers who were hostile to our national interests. For more than four decades, politicians on both sides of the aisle lamented our foreign oil dependency and dreamed of a day when America would become energy independent. Thanks to American innovation revolutionizing horizontal drilling and hydraulic fracturing, during the Trump administration, the United States became the world’s leading oil producer and produced more oil and natural gas than we used. America additionally benefited from a helping hand from Canadian oil imports, further marginalizing the impact of Russia and OPEC on American energy security.

After the Biden administration halted construction of the Keystone XL pipeline, imposed an unlawful halt to new oil and gas projects on federal lands, and stifled American oil and gas production through a variety of other means, American energy production has plateaued despite increasing demand. As a result—and predictably—oil, natural gas, and gasoline prices have skyrocketed.

Home heating oil prices are up more than 30 percent since Joe Biden entered the Oval Office. Crude oil prices have risen more than 50 percent. Natural gas prices have doubled. Gasoline prices are up about $1 per gallon. None of this was necessary. To the extent rising energy prices are taking a heavy toll on American consumers’ pocketbooks, the answer is simple: stop stifling American energy production.

The Biden administration claims curbing American oil and natural gas production is justified and necessary by its climate change agenda. However, even Democratic political strategist Mark Penn admitted this week that the American people value energy independence over additional measures to reduce carbon dioxide emissions.

Biden administration Energy Secretary Jennifer Granholm laughed uncontrollably when asked about rising gasoline prices and whether or not the administration will increase domestic energy production to counteract increasing prices at the pump. Granholm also acknowledges that Americans will have to pay significantly higher prices to heat their homes this winter. Now, adding injury to insult, the Biden administration acknowledges it’s considering halting the Line 5 pipeline, which has delivered oil and natural gas across Michigan and Wisconsin for more than 60 years. Closing the pipeline would drive American energy prices significantly higher.

In what alternate universe does shutting down production of American and Canadian oil and natural gas drive down carbon dioxide emissions when the result is we have to beg Russia and OPEC to ship oil and natural gas overseas—emitting additional and unnecessary carbon dioxide into the atmosphere in the process? Moreover, how does it benefit the environment to encourage Russia and OPEC—with inferior environmental protection laws than the United States—to produce and ship more oil and natural gas while suppressing American production? How does deliberately shifting oil and natural gas production from America to Russia and OPEC benefit the American economy or American national security?

The Biden administration’s energy and environmental policies are being exposed as nothing other than political greenstanding. Shutting down American energy production appeases the radical climate lobby that wields much power over the Biden administration. However, it does nothing to benefit the environment as it simultaneously puts America and the U.S. economy at the mercy of hostile foreign powers.

The Biden administration needs to put an end to any and all discussion of shutting down the Line 5 pipeline. It also needs to put an end to its Russia-and-OPEC-first energy policy. Failure to do so will impose additional woe on American consumers while doing absolutely nothing to reduce carbon dioxide emissions or benefit the environment.

Views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times.


James Taylor

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James Taylor is president of The Heartland Institute.