Frank Macchiarola outlines four ways the Biden can avoid an energy collapse in Fox Business.
- While gas prices are driven by global markets, the Biden administration’s policies have decreased domestic production which have increased costs and threatened our energy security
- Biden can lower prices by allowing energy to be produced on federal lands and allowing key infrastructure like the Keystone XL pipeline to be built.
- Reducing regulations to allow American energy to be produced will benefit our economy while lowering emissions worldwide.
“Thus far, the administration’s efforts to increase domestic supply have been misguided at best. Releases from strategic stockpiles provide a short-term increase in oil – literally for days, not weeks or months – but do not help in the longer term if comparable quantities are not later produced to refill the reserves.”
Read the full article here.