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Biden’s Energy Policies Are Designed to Increase Prices and Inflict Pain (Guest: Myron Ebell)

May 31, 2022

The high prices at the pump, store, and on your bills is a direct result of President Joe Biden’s war on fossil fuels.

Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute, says there are multiple factors contributing to current high energy prices. Saying that, Biden's energy and climate policies are easily the main factor. For Biden, the grand energy transformation he endorses is worthy of the pain Americans will suffer through.

Regulations hampering the production and transportation of coal, oil, and natural gas along with ESG financial requirements and mandates have signaled to the fossil fuel industry that it may not have a future. The bankers who fund them have certainly gotten the message. Accordingly, many in the industry have decided to make hay while the sun shines. Rather than investing in new production, it is returning profits to shareholders. Biden's policies are not just bad for Americans. They’re horrific for the entire world.

Article Tags
Climate Change
Author
H. Sterling Burnett, Ph.D., is the Director of the Arthur B. Robinson Center on Climate and Environmental Policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org
Author
Myron Ebell is Director of the Center for Energy and Environment at the Competitive Enterprise Institute (CEI) and a Policy Advisor to The Heartland Institute.
mebell@cei.org @myronebell