Saturday, October 23, 2021

WE WERE WARNED


Total U.S. annual primary energy net imports (imports minus exports) generally increased in most years since the mid-1950s.

Donald Trump came to office with a “vision” and a promise for an “America first energy plan”. This included developing new oil fields in the US, creating “at least half a million new jobs” in energy, and promoting natural gas over coal in order to tackle emissions.

Trump delivered on his promise.

In December 2018, the U.S. became a Net Oil Exporter for the First Time in 75 Years!!  In addition, Trump Administration policies resulted in a massive supply of low cost clean natural gas. 

Increases in domestic natural gas production and increases in liquefied natural gas (LNG) export capacity resulted in The United States becoming a net exporter of natural gas for the first time since the late 1950s. In 2020, natural gas gross exports reached a record high. The USA became the world's largest supplier of gas. The climate benefits of natural gas over coal are very significant. 

The large supply of cheap and clean natural gas drove down demand for coal. As a result, coal production hit a 50-year low in 2020, and 151 coal mines were idled or closed.

On January 27, President Biden issued executive orders which did just the opposite. He revoked the federal permit for the continued construction of the Keystone XL Pipeline, (cost 11,000 jobs) and he "temporarily" stopped granting permits for oil and gas operations on federal lands, which will reduce U.S. oil production. There were at least 10 other orders and directives issued aimed at repealing directives issued by Trump.

Biden’s executive orders reduced U.S. oil supplies that reached historic levels of 13 million barrels per day just one year prior.

Biden's terrible energy policies resulted in skyrocketing natural gas prices. This contributed to a giant surge in the usage of the most climate unfriendly form of energy production - coal.

U.S. coal production is actually up significantly this year. The U.S. Energy Information Administration expects 22% growth in electricity generation from coal this year compared to 2020, partially due to coal's stable prices and the high cost of natural gas.

China is ramping up coal production like crazy. They are opening hundreds of new coal mines to meet energy demands at home and abroad. China, Russia, OPEC, and others including Iran are all too happy to fill the energy gap which Biden policies have contributed to.

Whereas most nations that signed on to the Paris Climate Accord failed to meet their goals and actually increased CO2 emissions, while Trump was President the USA made great strides in reducing greenhouse gases. 

Biden's policies amount to giant tax on consumers. 

The median price of a barrel of oil during Trump's term was approximately $45. Today's price is $85.  (89% increase in 10 months.) The average price for a gallon of regular gasoline during Trump's term was about $2.20. Today's price is about $3.38. (51% increase in 10 months.)

We were winning!

Trump's energy policies were one of his greatest achievements.  During the Trump years the economy and tbe consumer won. He drove down energy prices, lowered greenhouse gases, turned the USA into a net exporter of CLEANER energy supplies. In the process the United States national security interests were served and the world was a safer place. 

We were warned.

Trump warned us the Biden's energy policies would reverse America's supply gains, raise energy prices, help our enemies and make the world less safe. Biden even campaigned on the policies that Trump warned us about. 

WHY DID YOU VOTE FOR JOE BIDEN? SERIOUSLY, WHY?