Forbes’ Tilak Doshi outlines the coming energy shocks under a Biden-Harris administration.
- The energy policies promised by Biden and Harris ban new fracking permits and set our country on course for 100% renewable energy.
- Cutting out fossil fuels will drive up energy costs while producing less reliable energy.
- Instead of the government picking winners and losers, America must continue to let markets decided the future of our energy.
“Whether the energy shock emanates from the eclipse of the US as the world’s leading oil and gas producer (leading to high oil and gas prices) or from the collapse of the OPEC+ production cut agreement brought about by the re-emergence of unconstrained Iranian exports (leading to very low oil and gas prices), a Biden presidency presents some highly disruptive scenarios in global energy affairs, scenarios no less disruptive than any under Trump’s watch.”
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