ANCHORAGE, AK—The deliberate and premeditated invasion of Ukraine by brutal dictator Vladimir Putin has forced the US to reassess the importance of energy independence. With this new resolve, the Biden Administration has taken its first step toward increasing oil production for Americans by selling Alaska back to Russia so we can start drilling for oil there again.
Jen Psaki praised Biden’s brilliance in finding a solution that would prevent an energy crisis while also preventing new drilling on American land. She pointed out succinctly to journalists, “You see, it’s not American land anymore; it’s Russian land.”
Joe Biden needs to stop buying oil and gas from the Russian dictator, but rather than getting it from the US or Canada he’s talking to a dictator in Venezuela.
President Biden is scrambling to contain soaring oil prices, which closed at more than $123 a barrel on Monday. It speaks volumes about this Administration that it’s seeking help from Vladimir Putin’s client in Venezuela and our estranged Saudi allies rather than U.S. shale producers or our Canadian friends.
The Saudis and UAE are the only OPEC members that appear to have spare capacity, but they’ve rebuffed Mr. Biden’s pleas to increase supply. One reason is they don’t want to alienate Mr. Putin, who has become a power broker in the Middle East. Mr. Biden should never have alienated the Saudis, but we’d be much better off if he simply encouraged U.S. energy production.
The problem isn’t that “Big Oil” wants to keep production low. It’s that Joe Biden, Hassan, and the rest of Senate Democrats have made it clear for years that they want to force “Big Oil” out of business entirely. They’d rather put money in the hands of Iranian terrorists and Putin’s imperial army than put it on the household tables of American oil workers. Even the sight of Russians targeting civilians in Ukraine hasn’t changed their calculus on their opposition to American production of fossil fuels as a necessity for strategic leverage in a very dangerous world.
The Wall Street Journal’s editorial board slams Biden and Democrats for seeking oil from malevolent dictators in Tehran and Caracas rather than in the good ol’ USA. It makes no sense from a security perspective, nor from an economic perspective:
Easing Venezuelan sanctions would be a strategic blunder that provides a financial lifeline to Mr. Maduro while doing little to ease the oil price spike. Venezuelan oil companies say they can increase production by several hundred thousand barrels a day in eight months. The war in Ukraine may be over by then. …
Shale producers can increase production twice as fast as Venezuelan oil companies, and the profits would go to U.S. workers and shareholders rather than another dictatorship.
The anti-gas and oil thing was never about the weather, and not about CO2 either. It’s not about the workers, the voters, or the environment either. Just power and money.
March 8, 2022