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Anyone Remember When America Was Energy Independent?

It was exactly one year ago. In January 2021 the USA produced more energy than we consumed. (Thanks to Mark Perry of American Enterprise Institute for the graph.) Then Joe Biden entered office. Now we are back to importing oil and gas – mostly because of reduced domestic drilling. OPEC is back in charge. Instead of incentivizing more drilling in Texas and Oklahoma, Biden begs Saudi Arabia to produce more oil.

Does that make one iota of sense? Not to our CTUP honorary Chairman John Catsimatidis who calls the Biden climate plan a “war on North American energy.”

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