It is with no pleasure that I found a media outlet recently acknowledge what The Heartland Institute has long argued: President Biden's energy and climate policies have increased Americans' energy costs.
Energy and climate policies and Americans’ living costs illustration by Greg Groesch / The Washington TimesIt is with no pleasure that I found a media outlet recently acknowledge what The Heartland Institute has long argued: President Biden’s energy and climate policies have increased Americans’ energy costs.
The Express blamed the policies that deserve it, noting: “Part of the reason for the surge in energy prices is the push to replace fossil fuels and nuclear power plants with renewable subsidies and green-energy mandates.” “The Biden administration has been a continually growing disaster for the domestic oil and gas industry,” Mr. Stone said. “Using the ‘New Green Deal’ as a basis, they have halted or delayed drilling on federal lands, attempted to restrict drilling because of allegedly endangered species, canceled pipelines, and restricted exports of crude and processed gas liquids.
Keep in mind those are just the direct energy costs to drivers, businesses, renters and homeowners. They do not include higher energy prices’ ripple effect on energy-intensive goods like food production and delivery, chemical production, and manufacturing. Author and energy analyst Robert Bryce has calculated that the subsidies and tax credits for wind and solar power alone have ballooned from an estimated $19.9 billion in 2015 to commitments of more than $425 billion by 2033, based on newly installed, approved and anticipated wind and solar construction projects.
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