Op-Ed: Joe Biden’s Climate Policies Weaken the U.S. and Strengthen China

This article originally appeared in Real Clear Energy on July 9, 2023

 

President Biden’s commitment to end fossil fuels has been ineffective in reducing the demand for oil – but very effective in both weakening the U.S. and empowering our primary global adversary, China. Assuming that a reduction in global carbon emissions is necessary to fight “climate change” (a disputed proposition), it nonetheless makes little sense environmentally, economically, or strategically to hobble the American fossil fuel sector (cancelling pipelines, discouraging financing, restricting leases, and slow walking permits) before sufficient sources of renewable energy with a proven capacity to meet global demand can be demonstrated.  

In its World Energy Outlook 2022, even the International Energy Agency (IEA) warned that if the supply of oil “were to transition faster than demand, with a drop in fossil fuel investment preceding a surge in clean technologies, this would lead to much higher prices – possibly for a prolonged period.” The IEA’s warning had the advantage of being written after the war in Ukraine threatened worldwide energy supplies, which, more effectively than any desk-top research, demonstrated the global economic threat posed by a too-rapid retreat from fossil fuels...

Read full op-ed in Real Clear Energy