That’s how much the Biden war on fossil fuels has cost the U.S. economy since Biden entered office. The price has averaged just under $80 a barrel under Biden, versus an average of $65 a barrel under Trump, and $60 a barrel when Trump left office.

As the chart below shows, and as calculated by CTUP senior fellow Casey Mulligan, we are roughly 2 billion barrels of production under Biden, versus where we would be with Trump’s pro-drilling policies. America would be roughly $135 billion richer if we stuck with the America First energy strategy.