Think Gas Shortages Are Bad? Buckle Up

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If the gas shortages plaguing the Southeast left you high and dry last week, buckle up. This is just a taste of our future under President Joe Biden’s energy policies.

Though these shortages were largely driven by panic buying, rather than by actual supply constraints due to the Colonial Pipeline hack, they demonstrate just how much energy—something the average American likely doesn’t think much about during their normal daily routine—defines our lives.

If the Green New Deal becomes a real deal, whether through Congress or by executive fiat (which is apparently Biden’s preferred strategy), gas shortages and skyrocketing prices at the pump are just the beginning.

If Biden succeeds, we can kiss energy independence goodbye. In 2019, the United States finally achieved the mission that founded the U.S. Department of Energy in the 1960s—freedom from dependence on foreign oil—when we became a net energy exporter. Just over 100 days into the Biden administration, our claim to that title is already fading.

Problems with just one pipeline led to a significant increase in oil imports; imagine how the global balance of power would shift if the federal government tried to recklessly shut down all U.S. fossil fuel production. We would once again become dependent on Russia, Saudi Arabia, and other unstable nations for our energy needs—ceding negotiation power, weakening our national security, and enabling irresponsible overseas producers with shoddy environmental and labor standards.

We could also expect the cost of living to rise dramatically. Consumer goods prices are already rising at the highest rate since the 2008 Great Recession, with inflation over 4 percent. An energy shortage would make inflation even worse—and affect the poorest Americans the most. – READ MORE

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