Biden botched both economic and nat-sec strategy on energy

It’s understandable to see this announcement as a betrayal by OPEC, but the real betrayal is the Biden administration’s actions in weakening America’s energy independence and dominance. America should never be put in a position where our energy policy is dictated by foreign nations. Under our leadership in 2019, the U.S. achieved energy security when we became a net energy exporter for the first time in 67 years.

That all came to a grinding halt when the Biden administration took the reins of the American economy. Since day one, when American energy producers were struggling to come up for air from the devastation of the pandemic, the Biden administration tied cement blocks to their legs by canceling the Keystone XL pipeline, layering regulatory red tape, and empowering excessive litigation aimed at killing new energy infrastructure development — and he did it all while pointing the finger at American companies and accusing them of price-gouging and war profiteering.

American energy producers used to be the world’s largest swing producers — a mighty force able to counteract the price-fixing measures of foreign cartels like OPEC+. Today, however, the Biden administration prefers to fight fire with surrender.