President Biden’s War on the American Oil and Gas Industry

The world is currently in the midst of its third great energy crisis. The first came in 1973 (remember the long gas lines?) when the U.S. sided with Israel in the Yom Kippur war. OPEC (an enemy of Israel and the U.S.) tried to punish us by cutting off oil shipments. We should have learned back then. We didn't. Near the end of the 1970s, when Islamic fundamentalists took over in Iran, we experienced our next great energy crisis (prices for oil doubled). And now, in 2021/2022, we are in the throes of our third worldwide energy crisis. But this time it is different. Instead of Middle Eastern despots being at the root of this crisis, it is self-inflicted--an irrational war against fossil energy by Joe Biden and those aligned with him on the environmental left.

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