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Putin's actions certainly don't help, but our policy response here is pretty stupid. Instead of ratcheting up our own oil production to counterbalance the loss
by uejfiweun 4y ago
Putin's actions certainly don't help, but our policy response here is pretty stupid. Instead of ratcheting up our own oil production to counterbalance the loss of supply from Russia, it seems we have intensified anti-oil regulations [1] in service of the goal of some mystical "energy transition" that is yet to materialize [2]. Of course, my sources here are just what I see online, would love to hear from someone who has firsthand perspective on the US energy industry.
[1] https://www.fool.com/investing/2022/06/05/chevrons-ceo-says-no-more-us-oil-refineries-what-s/ https://www.fool.com/investing/2022/06/05/chevrons-ceo-says-...
[2] https://nypost.com/2022/05/23/biden-praises-gas-prices-as-part-of-incredible-transition/ https://nypost.com/2022/05/23/biden-praises-gas-prices-as-pa...