When Old Joe Biden took office, he immediately took "action" against fossil fuels to "help" in the battle against climate change. The administration made all sorts of statements and took numerous bows to take credit for their great environmental policies. As usual, though, it was all for show. In actual fact, what Biden and the Dems have done has actually INCREASED carbon emissions which are supposedly the cause of climate change. Let me explain:
1. Over the last 20 years before Biden, American production of natural gas has soared and the price of that fuel has plummeted. The fracking revolution opened enormous reserves of nat gas As a result, power plants that used to burn dirty coal changed to clean natural gas. Carbon emissions is the USA decreased as a result by much more than any other developed country in the world. And as an extra dividend, power costs were kept low.
2. When Biden took office, he banned fracking on federal lands, stopped leasing certain lands for any natural gas production, took steps to limit oil production and stopped the Keystone Pipeline which allowed production of enormous quantities of Canadian oil that kept prices down.
3. It has taken a while, but the price of natural gas in the USA has doubled. Supplies are short so prices have spiked. Oil prices have also soared, but not by as big a percentage. Just ask anyone who buys gasoline, and they will tell you.
4. As a result of soaring prices for natural gas, power plants are beginning to switch to burning coal or oil to produce energy. Each such switch sends huge quantities of extra carbon into the atmosphere. That's right, carbon emissions are rising again as a result. Remember a coal fired plant produces about six times the emissions of a natural gas power plant. Oil produces 65% more emissions than natural gas.
5. On top of everything else, prices for the average American for gasoline and electric power are soaring. Once again, this is thanks to the Biden/Dem inability to understand how markets work. When Biden cut the supply, the law of supply and demand drove prices up, and is continuing to do so.
6. It's hard to imagine that Biden and the Dems didn't know what the result of their idiotic policies would be. Indeed, the principal beneficiaries of all the new government "environmental" policies are the big oil and natural gas companies. They get to sell their products for multiples of the price during the Trump years. Most likely, Biden is paying back big oil/gas for all those campaign contributions that they poured into his campaign. The Dems say they care about the average American, but their actions prove that they don't. Biden has engineered a major cash transfer from the average American to the big oil companies and has undermined the so-called fight against climate change to boot.
Don't forget this next time you get to vote.
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