West Virginia Leads the Nation

American Thinker.com ^ | December 26, 2021 | Clarice Feldman

[Kaslin]

Apart from its legislative and regulatory policies, the administration is doing everything it can to hamper the production of conventional fuels. The standard, and oft used, countermeasure is to seek judicial relief from nonsensical overreach, which takes a lot of time and money, but several states this week showed a more creative side, and it’s a good thing in my book.

At the Federalist, Tristan Justice details the administration’s misguided actions which prompted the response:

resident Joe Biden has been aggressive in quickly curtailing oil and gas development as promised on the campaign trail. Beyond the illegal suspension of new leases on federal land, the prohibition of new drilling sites on major untapped reserves, and higher fees in the pipeline for new energy exploration permits, however, it’s the administration’s pressure on Wall Street to refuse investment in the capital-intense industry that’s dealt the biggest blow to producers, spiking prices at the pump in the process.

I suppose the White House thought this sideways non-governmental attack was a clever move. After all, similar non-legislative moves are taking place everywhere with outside outfits like Blackstone and Merrill Lynch playing to the leftist administration’s lead in demanding corporate boards ignore their fiduciary responsibilities to stockholders by filling up their boards using racial and gender quotas and investing only in those outfits which meet the vague, immeasurable standard of ESG investing (Environmental, Social Governance) compliance.

[Brian Griffin]

“administration’s pressure on Wall Street to refuse investment in the capital-intense industry that’s dealt the biggest blow to producers”

Wall Street can be bypassed, and should be.

The Democrats raise gobs of money easily using the Internet.

[jdsteel]

The free market will come up with a work-around, but it will be a bit more expensive and entail more risk to the investors.

In the meantime we enjoy high inflation, one of the root causes of which is the demonization of CO2 and the resulting higher energy costs.

[upchuck]

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