Last week, RealClear Energy published an op-ed by Guy Caruso, former U.S. EIA Administrator, comparing the Biden administration’s energy policies to the failing policies of Jimmy Carter. Caruso asserted that high energy prices will be here for the foreseeable future because of faulty energy infrastructure decisions from the White House.
The faulty logic of the White House was in full force display when President Biden’s press secretary, Jen Psaki, stated, “Our view is that the rise in gas prices over the long term makes an even stronger case for doubling down our investment and our focus on clean energy options, so that we are not relying on the fluctuations and OPEC.”
The White House has embraced high gasoline prices to further their environmental agenda “never mind the short term financial burden this places on working families, or the long term consequences to our nation’s economy, to include rising inflation,” Caruso writes.
Yet, in opposition to what Psaki asserted, Caruso calls on the true issue at hand—the need for critical energy development and infrastructure investment here in the US. Caruso argued:
“The nation must be prepared to satisfy that demand; otherwise, Americans will continue experiencing pain at the pump and higher home heating bills… The increased production and export of oil, natural gas and natural gas liquids (NGL) is key to bolstering American national security, energy independence, and our foreign policy interests at home and abroad. Providing reliable, affordable fuels to our allies around the globe supports energy diversification, reduces carbon emissions, and strengthens the U.S. position in international affairs.”
At the end of his piece, Caruso highlights some of the energy latest industry innovations and technological advancements and how companies are working together to meet rising energy demand while also reducing costs and lowering carbon emissions.