Posted on 01/11/2021 2:17:01 PM PST by Kaslin
With President-elect Joe Biden about to assume office, he will soon roll out his “clean energy” plan, aimed at reducing America’s dependence on fossil fuels.
But such a move will cause ripples beyond America’s borders. It will likely impact key developing countries that have become increasingly reliant on fossil fuel imports from the booming U.S. oil and gas industry.
Biden’s Clean Energy Plan
In December 2020, Joe Biden appointed his climate team, which included a person who served under the Obama administration.
Among the list of climate nominees and appointees is Gina McCarthy, who spearheaded the Obama administration’s Clean Power Plan, which mandated emission reduction in America’s power plants and set in motion the country’s alignment with the Paris Climate Agreement.
According to Biden’s official page, McCarthy will now serve as the first-ever National Climate Advisor at the newly envisioned White House Office of Domestic Climate Policy.
McCarthy currently serves as president and CEO of the Natural Resources Defense Council, an environmental lobbying group that is actively seeking to reduce methane emission from the oil and gas industry and limit the emission of carbon dioxide from power plants. Her appointment is a clear signal as to the direction the Biden administration is headed when it comes to the oil and gas sector.
Though Biden has not fully embraced the more radical calls for emission reductions—like the Green New Deal—his clean energy plan will still cause a disruption in the fossil fuel industry, including the booming natural gas industry.
Risking US Energy Security and Ripples Beyond Borders
The disruptions could threaten America’s energy independence. The country’s emergence as the undisputed energy powerhouse during the last decade can be credited solely to the booming oil and gas industry.
And it's not only other nations that will be affected. Importers of U.S. oil and gas also benefited from fossil-friendly policy.
To the extent that Biden’s anti-fossil fuel stance prevails in actual policy, it will diminish domestic production and so reduce or eliminate America’s energy surplus and energy independence.
Despite his anti-fossil stance, Barack Obama actually aided the development of the U.S. natural gas industry. The Trump administration furthered the policy. Since 2005, the U.S import of fossil fuels has fallen dramatically.
The U.S. is the world’s biggest producer of oil (19.47 million barrels per day in 2019, which accounted for nearly a fifth of the global production). It has held the top spot for the past six years. In 2019, after 70 years as a net importer, the U.S. became a net exporter of petroleum.
Developing countries like India, where the fossil fuel demand is extremely high and 80 percent of oil consumption is met through imports, saw a significant increase in import of natural gas and oil from the U.S. In fact, India began reducing its imports from its traditional trade partners like Iran and preferred imports from the U.S. Over in the Americas, Mexico, Canada, and Colombia rely heavily on U.S. oil supply.
But all these are likely to change if Biden implements his Clean Energy Plans. If oil and gas production are disrupted, the U.S. will cease to be a net exporter and will likely increase its oil imports from the Middle East, Canada, and Mexico. Countries like India will then have to increase their dependency on oil from volatile markets like Iran, threatening global security that U.S. oil and gas supremacy would otherwise have ensured.
If Biden walks the talk on his promise to reduce domestic fossil fuel production, the U.S. will lose its energy independence, and developing countries like India and Mexico will lose reliable oil and gas supply from a free market economy like the United States.
completely unhinged... the democrats will have the price of gas at 4.50 a gallon by july.
Welcome to “The Great Reset” folks, kiss your cars, your jobs, moderately priced consumer goods and your Liberty, GOODBYE. We DID NOT elect this mob.....
“Biden has outraised Trump among some of the biggest oil companies: ExxonMobil, Chevron, Royal Dutch Shell and ConocoPhillips, according to OpenSecrets.”
https://dfw.cbslocal.com/2020/10/20/texas-based-exxon-denies-president-trump-called-ceo-for-money/
$14.50
He will shut down our oil industry and coal as well.
The rest of the world will continue to extract, process, and use petroleum products.
The “New Green Deal” advocates are light weights in the logic department. Their policies will obviously kill the economy, as they are meant to, and thereby destroy the infrastructure required to innovate and advance so called “renewable energy” sources.
The only renewable sources remaining after the arbitrary and unscientific abolishing of fossil fuel will be living fuel, or wood. Imagine when America’s people have to chop down our forests just to keep from freezing in the dark as we starve.
Ah, but you say what about solar and wind power? Wind power is proving to be a failure for the most part, and costly along with being impractical. Solar is energy expended, and not at all usable when and where we actually need it. Forget improving these sources, with a dysfunctional Democrat economy.
There will be no energy to use to improve them. Dead ends are no beginning, even for idiots. Even they will regain consciousnesses when they too freeze in the dark as they starve.
If only the fossil-based electric generators took their systems off the grid, for a week, the idiot children might simmer down once there was no more power for their phones, or their internet, or for pumps to refuel food deliveries to their locust constituents.
I lived through the Carter years of stagflation, empty strip malls, COLA, odd-and-even gas lines (and a $7.50 purchase limit (about 10 gallons worth), etc.) All of which led to creation of the “misery index” “malaise”, etc. Utter failure.
Here we go again.
Not surprisingly, none of the occupants are human....
Expect to be shivering or sweltering in your darkened homes, standing in line for your ration of $4 per gallon gas and laughing at those guys with their Tesla’s stranded because the blackouts won’t allow them to recharge.
One more jack booted social climate thug in a skirt. Mary Nichols, Boxer, AOC also come to mind.
One more jack booted social climate thug in a skirt. Mary Nichols, Boxer, AOC also come to mind.
And when you get a chance thank a socialist for what they have done. Over here in the US they prefer to be called liberals as it has a better ring to it.
Correct that we didn’t elect them. Many gobblers of conspiracy theories did push hard to allow Democrats to elect them, though. Since our President was elected in 2016, Democrats gained four more years’ worth of new voters, freshly educated in public schools.
Maybe next time, we’ll get the vote out. If not, then more freedoms lost and maybe $10 per gallon of gas or diesel. All other products will go up with the price of fuel.
I find it difficult to read an article referring to petroleum products as fossil fuel. Anyone who believes there was plant and animal matter 40,000 feet below the earth’s surface, is a moron.
Lots of unemployed truckers and other workers in the oil patch in the near future.
Economies of the red states hit the hardest.
Welcome back to $5/gl fuel
Besides, how much animal and plant matter could there possibly be that met all of the requirements to be turned into oil? Petroleum is a renewable fuel.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.