If Biden Were Serious About Energy Policy, Here's What He'd Propose

Posted on AllSides July 11th, 2022
From The Right

When President Joe Biden chastises oil companies for profiteering, he evokes a J.R. Ewing–style caricature of a greasy, greedy executive sneering in a giant Stetson. Satisfying as it may be, this narrative is unmoored from economic reality. As with any other commodity, oil producers are price takers, not price makers; oil and gas shortages inevitably mean paying more at the pump. Prices will come down when demand doesn't outpace supply, but that relief is unlikely to arrive as long as this administration actively cultivates a climate of energy scarcity.


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