23 C
Washington

Opinion | Biden Scapegoats the Saudis for an Energy Crisis He Created

Date:

Share:


The Biden administration plans to “re-evaluate” America’s eight-decade-old alliance with Saudi Arabia because of last week’s OPEC+ decision to cut oil production. But the White House posturing looks like a bid to distract from the effects at home of Washington’s failure to pursue a successful transition to clean energy.

Blaming Saudi Arabia, or OPEC+, or Vladimir Putin, for an energy crisis that results from a policy of switching from carbon fuels to “clean energy”—on the basis of what look like utopian assumptions—is disingenuous. Unlike countries such as Japan or China, America can produce far more oil than it consumes. The oil prices U.S. consumers pay are due to choices their leaders made.



Source link

Subscribe to our magazine

━ more like this

France’s post-election political chaos sets the stage for a weak government and a lower global profile

France looks headed for political instability after a surprise win by a left-wing coalition in Sunday’s legislative election left no party able to...

Paramount Global special committee backs merger with David Ellison’s Skydance Media

David Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s...

Hedge funds have no idea what to do about Tesla as shares rally while Trump, tariffs, and backlash against ‘woke’ EVs all loom

Hedge funds piled into short bets against Tesla Inc. right before the electric vehicle maker unveiled a set of numbers that triggered a...

Texas braces for Beryl as storm threatens to regain hurricane strength before making landfall

Beryl began lashing Texas with rain and intensifying winds Sunday as coastal residents boarded up windows, left beach towns under evacuation orders and...

Euro falls as France’s left wing looks to score stunning election victory, raising fears of more spending and deeper deficits

The euro fell after initial projections in France’s legislative elections pointed to a shock victory for the leftist alliance, whose campaign for a...