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How US policies contribute to high energy prices

Jeffrey Kupfer writes in The Hill on how US policies contribute to high energy prices.

The C3 Take
  • Despite the progressive push to immediately eliminate all fossil fuels, experts agree that natural gas and oil will play a significant role in the world’s energy mix for years to come.
  • While higher prices were bound to happen as economies opened up and supply outpaced demand, the Biden administration has embraced policies that have increased energy costs for consumers.
  • To reduce emissions while protecting consumers, governments must pursue energy policies that are rooted in free markets and economic freedom.

“Even as we implement policies that pave the way for a lower carbon energy future, we need to recognize reality and the inevitable outcomes of our actions. We can’t dismiss the essential role of natural gas and oil in our economy. We can’t ignore the laws of supply and demand. We can’t shrug off the dramatic impact that these policies have on households and businesses.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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