DV Journal

As Americans continue to struggle with higher costs, they look to President Biden and former president Donald Trump to articulate their plans to combat inflation during their Thursday debate.

Reliable, affordable energy should be a pillar of any serious plan to fight inflation. Yet, misguided policies and heavy-handed regulations from Washington threaten to undermine America’s existing energy advantage — built on abundant oil and natural gas — and potentially increase costs further.

Here are five actions that Americans watching the debate should be looking for from each candidate.

—Leverage our abundant natural resources. Developing oil and natural gas on public lands and waters is a bedrock of the energy needed to power the economy and help keep energy-related consumer costs in check. It’s also critical to American energy security. For affordability and security, we must harness our vast energy resources, starting with oil and natural gas.

But the current administration needs to do that. For example, its five-year offshore oil and natural gas leasing program offers no sales in 2024 and a maximum of three through 2029. This is the weakest program ever proposed, especially when Americans and the world need more energy.

A more robust and predictable offshore leasing program is essential to an affordable energy future.

—Fix the broken federal permitting system. Building all infrastructure, not just essential energy projects, is too long and cumbersome. And it’s more than potholes and crumbling bridges. Building renewable energy projects, oil pipelines, airports and other needed improvements is nearly impossible due to the broken permitting system.

Reviews under the National Environmental Policy Act already take four and a half years, delaying billions in investment, making it harder to get affordable energy from where it’s produced to where it’s needed, and ultimately affecting families and businesses.

Comprehensive permitting reform is needed to expedite the process and benefit all sectors of the economy.

—Protect consumer choice. When it comes to energy, consumers deserve more freedom, not less. Government mandates don’t work. Over the last four years, Washington bureaucrats have considered banning new gas stoves and furnaces. What’s next?

Now, they’re targeting cars and trucks through the EPA’s recent tailpipe emissions rule and the Transportation Department’s fuel-economy standards — both of which should be rolled back.

If not, the government will force automakers to produce more electric vehicles, even as gasoline-powered vehicles become less accessible and more costly.

—Restore America’s geopolitical strength. Energy security is national security. America’s oil and natural gas abundance is the envy of the world. It should be leveraged to protect our citizens and allies.

U.S. exports of liquefied natural gas (LNG) strengthen our competitive edge against global adversaries. American LNG enables other countries to lower their emissions by replacing dirtier fuels, replicating the success that has made the U.S. a leader in global emissions reduction.

The Energy Department should lift the pause on LNG permits and promptly approve pending export applications to support America’s status as the world’s leading LNG supplier, affirm commitments to allies, unlock billions in investment and create American jobs.

—Advance sensible tax policy. The U.S. oil and natural gas industry supports more than 11 million jobs and drives billions in annual domestic investment. However, capital flows where capital is welcome, and U.S. tax policy must be competitive with other countries to ensure the next chapter of our energy future is written in America.

Specifically, our nation’s tax policy must ensure taxpayers reap the benefits of continued investments in America’s energy resources. At a time when the American people and small businesses feel the sting of inflation, we cannot afford to raise taxes that undermine our economic and energy security.

Moving forward, Americans are tired of the punishing increases in the cost of living and basic necessities.

Our five-point roadmap offers a clear path to strengthen our nation’s energy advantage and deliver economic benefits to the American people. It’s time to work together on solutions that could help mitigate inflation while securing America’s energy future.

Americans are facing a consumer confidence crisis as costs continue to climb and inflation crushes peoples’ pocketbooks. The 2024 inflation rate is still high at 3.4 percent, above pre-pandemic averages. And with federal officials making clear they plan to keep rates high and President Biden insisting he has already “turned around” the economy, it’s no wonder people are left scratching their heads.

Americans with fixed incomes are particularly susceptible to economic dips, with inflation and costs at the top of their minds. However, the security of our economic future and consumer welfare clearly isn’t the prerogative of policymakers whose job is to help alleviate financial burdens for Americans. Instead, they are full steam ahead on election-year politicking.

Take the latest move by Democrats in their crusade against American energy. Energy and Commerce Committee ranking member Frank Pallone Jr. recently launched a renewed focus on investigating oil and gas executives for alleged collusion and price fixing with officials from the Organization of the Petroleum Exporting Countries.

Unfortunately, to the detriment of the people, Biden and his progressive cabal are determined to use any agency, committee or platform to politicize the energy sector at a time when we need them the most. All in the name of politics.

Furthermore, their claims don’t hold much water given some important market indicators in the global energy marketplace. The data show that OPEC as an organization is foundering while U.S. energy has been booming in recent years, ramping up production that will offset OPEC supply cuts and contributing immensely to the American economy.

In fact, members of OPEC have been leaving for years, as Angola’s January 2024 exit follows others, such as Ecuador (2020), Qatar (2019) and Indonesia (2016). Market share among the remaining OPEC members declined to 27 percent, the same as during the pandemic. Unlike OPEC, global demand for fuel has since recovered and grown massively, along with U.S. supply steadily increasing since 2021 to reach 12.9 million barrels a day in 2023, according to the Energy Information Agency.

It makes no sense for systemic collusion to keep prices high and production levels down. The allegations against one energy executive directly contradict what the FTC itself has acknowledged: U.S. producers have led the world in production gains over the past few years, the only tool that will diversify market share and drive down prices.

The FTC’s formal complaint against Pioneer — the impetus for the letter from Pallone — acknowledges that U.S. output increases come from domestic production and that “U.S. production growth has injected new competition into the market and ultimately saved American consumers and businesses at the pump.”

This means the industry is actively working on expanding operations and keeping prices low, which Americans are seeing. If anything, the Biden administration has been more aggressive in its attempt to influence the members of OPEC. In October 2022, the president publicly begged the group to postpone oil cuts until after the U.S. midterm elections, all while simultaneously blaming U.S. producers for not doing enough to balance the market. If anything, Biden attempted to collude with OPEC over energy production and prices.

The question becomes: Well, why should we care? This issue is pertinent because the health of America’s energy economy directly reflects the health of the economy as a whole. According to Forbes, the United States became a net petroleum exporter in 2020, leading to a 2022 export total for oil of $119.37 billion and an export value of $75.02 billion for the first eight months of 2023.

Not only is this positive economic growth for businesses, but Americans also benefit at the pump. Oil prices nationwide have been declining overall since June 2022 after the Russian invasion of Ukraine, coinciding with record U.S. production to offset this. What we see here is U.S. production replacing OPEC supply cuts and Russian oil following global political upheaval, not collusion.

House Democrats have clearly piled onto this complaint to needlessly go after oil and gas companies for political gain rather than acknowledging that America’s booming energy economy has had material benefits instead of keeping prices high and competition low. This is a frivolous investigation request, and government officials must refocus on delivering financial relief for Americans.

This means attending to real economic issues like stagnation, inflation and everyday costs, not faulty collusion claims.

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The energy landscape in Pennsylvania is rich.  We’ve taken advantage of our huge coal and natural gas resources for more than a century.  More recently, prolific gas production has ensured low heating and power generation costs in Pennsylvania for years.  But the transition to a ‘green’ economy could stop this progress with clean coal and gas-fired generation, and could mean giving up our natural gas appliances too.

The energy industry in Pennsylvania has served us well.  Pennsylvania homes and businesses enjoy energy low prices and good energy jobs.  But now this is being threatened with bad science and misguided politicians.

First, some facts –

• Pennsylvania is the nation’s second-largest natural gas producer after Texas, producing more than 7½ trillion cubic feet each year.
• Pennsylvania is the third-largest coal-producing state, and it’s the second-largest coal exporter to foreign markets.
• Pennsylvania ranked second after Illinois in electricity generation from nuclear power. And since 2019, natural gas has surpassed nuclear energy as the largest source of in-state electricity generation.
• Over half of Pennsylvania households use natural gas as heating fuel; and the state’s 49 gas storage sites — the most for any state – help meet winter demand for the Mid-Atlantic and New England.
• Pennsylvania is the second-largest net supplier, after Texas, of total energy to other states.

Pennsylvania’s fossil fuel industry has been important to our nation – in the past, now, and in our nation’s future.

Today, we also demand that we are better stewards of the environment.  Industry has delivered with improved manufacturing methods and more efficient infrastructure.  The EPA reports that, since 1980, carbon monoxide emissions are down by more than 74%.  Nitrogen dioxide emissions have been reduced by more than 70%.  Sulfur dioxide emissions are off 93%.  And carbon dioxide emissions – CO2 – for all vehicles during the same period – have fallen by 31% – and still trending down .

President Biden is pushing a transition to a green economy.  But the EPA says we are getting greener without borrowing trillions of dollars.  I was always taught If it ain’t broke, don’t fix it.  Don’t force Electric Vehicles on us.  Let us choose what works best now, while we improve on technology for the future.

Biden says green industries can deliver jobs.  But running gas-fired power plants and refineries requires many workers.  How many jobs would Pennsylvania lose under Biden’s Inflation Reduction Act, which, by the way has only increased inflation?  Biden’s plan hopes to create more than 200,000 jobs over the next ten years in Pennsylvania.  What Biden doesn’t tell you is that the good jobs in natural gas and coal go away, to be replaced with taxpayer-subsidized energy justice jobs and environmental justice jobs, whatever that means.

President Biden visited the Philadelphia shipyard to talk about energy jobs, and one particular ship’s components will be built by nine unions across the country.  How do temporary jobs in Philadelphia help develop energy jobs across Pennsylvania?  Biden hopes that workers who lose their jobs in the transition will find a place in the green economy.  But the EV industry, as an example, is a net job loser for us, and a net job gainer for China.

Can Biden’s Inflation Reduction Act produce as many jobs as those we’ll lose?  If your job that is connected with natural gas or coal, or if your job depends on Pennsylvania minerals for manufacturing, then you can understand the damage that will be done if Mr. Biden phases out gas and coal.  You see, after the equipment is built and installed, solar and wind almost runs itself.  Job losses naturally follow.

According to the DoE, energy jobs in the U.S. grew by 3.8 percent in 2022, half of them being green energy jobs.  But remember – once it’s installed, most of the work goes away.  The green economy can’t replace job losses from refineries and power plants that require 24-hour, 365-day staffing.  And it cannot deliver the same reliable energy!  The wind doesn’t always blow and the sun isn’t always shining.

Thousands of Pennsylvania families have, for generations, made a living in oil and gas and coal.  Now Joe Biden wants to end these jobs and tell workers to find jobs elsewhere.  This delivers serious headwinds to energy with the green transition.  American companies cannot compete with cheap labor in China, which dominates the solar panel business.

I said in the beginning that I would tell you what we need to best develop energy here in Pennsylvania.  We need Donald Trump.  Donald Trump understands energy and real job creation.  He understands competition, and American ingenuity that produces energy from all sources – in a cleaner, and less expensive way.

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For another point of view, see: “Counterpoint: A Fossil Fuel Export Society is Wrong for America”

America’s oil and natural gas producers are innovating to produce more oil and gas than ever while generating less emissions and bringing reliable, affordable energy to Americans and our global allies. In its latest short-term energy outlook, the Energy Information Administration estimated that U.S. crude oil production reached “an all-time high in December of more than 13.3 million barrels per day.”

That production helps stabilize prices for consumers. Oil and natural gas are sold on global markets, and prices can be affected by events or decisions (frequently by bad actors) on the other side of the world. However, having strong U.S. output helps reduce the shock of those actions for Americans.

Our record level of energy production does face threats — specifically by the U.S. government, whose leaders have sought to shut down oil and gas producers with an all-of-government approach, but the industry pushes forward.

Last year, the oil and natural gas sectors continued to innovate and reach record-breaking levels of production. After becoming a net energy exporter in 2019, the United States has emerged as a behemoth in the global energy market, hitting prolific levels of oil and natural gas production and exports in the past year. U.S. liquified natural gas had a tremendous 2023, with the United States becoming the top LNG exporter in the world.

These record-breaking levels of production have not come at the expense of Americans, as some claim. On the contrary, record energy production levels have successfully met domestic and international demand, providing crucial energy security at home and abroad, all while keeping prices stable.

The American oil and natural gas industry continues to prioritize environmental progress. The workers producing the energy we use daily live in homes surrounded by the oilfield, breathing the air and drinking the water from aquifers above the oil reservoirs where they produce; thus, they are highly motivated to preserve and protect the environment for today and for future generations.

Data from the Environmental Protection Agency showed stunning drops in methane emissions across the board in oil- and natural gas-producing basins. The Arkoma Basin (Arkansas and Oklahoma) had a 77 percent decrease over the last five years. Anadarko (Oklahoma, Texas and Kansas) had a 44 percent decrease. And the Permian (Texas and New Mexico) had 32 percent less emissions. All show that even with record production, U.S. operators continue to produce oil and gas responsibly and with an eye toward methane reduction.

Voluntary initiatives like the Environmental Partnership, representing nearly 70 percent of U.S. onshore oil and gas operations, showcase the industry’s commitment to responsible operations through innovation and collaboration. In their 2023 report, the Environmental Partnership highlighted an additional 14 percent reduction in total flare volumes and a 2.4 percent reduction in flare intensity from the previous year — building on the work to cut flaring intensity nearly in half in 2022 — even as U.S. oil and gas production grew.

Considering the uncertain regulatory environment, these accomplishments and innovations are even more impressive. Nowhere has this been more apparent than in the Biden administration’s illegal actions regarding onshore and offshore leasing.

In the Gulf of Mexico, offshore production provides the lowest carbon barrels of oil, generates millions of dollars in funding for parks and recreation programs, and supports hundreds of thousands of jobs across every state. Yet the administration released an offshore plan 450 days late that only offered three lease sales over the next five years — the fewest in history.

Onshore, it’s a similar story. There are widespread administrative efforts to limit access for development despite disagreement from local groups, including tribes. The president and leaders who control the Senate want to limit capital access for producers, add new taxes and increase federal regulations.

Yes, our members are achieving record production NOW. But you can find a timeline on the Independent Petroleum Association of America website that shows how the exploration and production process — from identifying potential acreage and seismic testing to production and development — can take up to 15 years. There are many rounds of environmental analysis and permitting before a well starts producing. Much investment and planning goes into the process. Policies that stall energy production through delayed permitting, infrastructure or regulatory barriers diminish producers’ ability to operate.

The bottom line is a thriving American oil and gas industry means increased energy and economic security at home and abroad and progress toward global emission reduction goals. While administration regulatory hurdles add challenges, U.S. oil and natural gas producers continue to produce record-setting, responsible oil and natural gas.

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For a different point of view see: “Point: Record Production Means Energy and Economic Security”

America is producing more oil and gas than any nation at any point in history, and it’s an accomplishment that fails to give U.S. families energy security or lower prices. At the same time, U.S. exports of oil and gas have surpassed every other country on earth, enriching oil and gas executives while leaving families in the cold.

At the end of last year, more than 13 million barrels of crude oil were pumped daily from American lands and offshore waters, a record. Domestic methane gas production also set a record of more than 105 billion cubic feet daily.

America’s fossil fuel boom has resulted in massive profits for Big Oil giants, as companies pay out huge sums to shareholders and export fossil fuels worldwide while leaving American households, businesses and low-income communities in the lurch.

In recent years, the United States has followed the Qatari economic development model, latching our economy to finite natural resources with highly volatile prices. This move spells disaster for the global climate.

The surge of oil and methane gas exports is not only lethal for the planet, it means that we put American consumers at risk of paying higher — and more volatile — prices. Two years ago, the outbreak of war in Ukraine made clear that the boom in U.S. fossil fuel production and exports did nothing to remove Americans from the wild swings of energy markets.

Historically, what has set the American economy apart is not our aptitude for exporting raw natural resources but the value provided by manufacturing and innovation — the very sectors threatened by the higher fuel prices that will result from exports.

Instead of a raw material-extraction economy, we should build a sustainable, decarbonized 21st-century clean energy economy, which requires swiftly phasing out the fuels of the 19th century.

The U.S. economy is more tightly interlinked with global energy markets, so U.S. consumers are even more vulnerable to international supply shocks and punishing price swings.

This volatility is partly a consequence of the oil and gas industry’s push to make more money by exporting fuel, including an industry lobbying blitz that led to a 2015 decision by Congress to end a ban on crude oil exports that dated back to the energy crisis of the mid-1970s.

At the time, television ads paid for by the American Petroleum Institute claimed that lifting the export ban would push down gasoline prices and diminish Russia’s and Iran’s influence over gasoline prices. These claims proved untrue.

Oil billionaire Harold Hamm, CEO of Continental Resources, was more forthright about the true goal: more profit.  “We’re out here trying to compete at a discounted price,” Hamm told CNBC then. “I need to be able to deliver my oil to my partners in South Korea, but I can’t do it.”

But what’s good for the profits of Big Oil barons like Hamm is terrible for American families and businesses.

Fossil fuel industry talking points regarding exports of liquified methane, or LNG, are even more misleading. Exports of this fuel were nonexistent before 2016. But in just a few short years, the United States has become the world’s largest LNG exporter.

We should not make our residential and business gas customers compete with Berlin and Beijing for LNG produced in the United States. One energy model found that approving pending LNG terminals would increase spending on gas by $11 billion to $18 billion annually, with the most significant burden falling on low-income families. The trade group representing industrial businesses that are large consumers of gas and electricity is warning about the increased costs to its members.

Thankfully, the Biden administration is starting to take these issues seriously. President Biden’s wise decision last month to pause new approvals of LNG export terminals and establish a more robust public interest evaluation of those projects is a welcome sign.

Under federal law, the Department of Energy is required to evaluate whether LNG export projects are in the public interest. Yet, the agency has done a poor job of considering the negative effects on the climate, on vulnerable communities near LNG plants and on prices paid by consumers. The deck has been stacked in favor of export terminal developers.

Big Oil executives have pursued an “America Last” policy, price gouging consumers and pushing harmful export policies, a myopic vision that puts profit above everything. In the long run, we must wean ourselves from a dangerous dependence on fossil fuels that have sowed turmoil and chaos.

Reconsidering the effect fossil fuel exports have on our economy and climate is a vital step toward protecting American households and businesses from the impact that fuel exports have on our economy.

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he Biden administration opened up a new front in the oil and gas wars over the July 4 weekend by advancing a rule through the U.S. Fish and Wildlife Service to put the Dunes Sagebrush Lizard on the Endangered Species List.

The lizard’s habitat runs through the Permian Basin, where nearly 40 percent of oil and 15 percent of natural gas is produced in the U.S. 

The action joins a long list of executive orders and proposed agency rules by the administration that critics say are designed to kill the fossil fuel industry. President Joe Biden has made no secret of his goal to push the country to alternative energy sources in pursuit of what one expert calls “overly ambitious climate targets.” 

“The problem is we don’t have the infrastructure in place both in terms of the generation and transmission of electricity,” said Marc Scribner, senior transportation policy analyst at the Reason Foundation. 

Even as the administration heavily subsidizes electric vehicles, Scribner pointed out the charging infrastructure remains sketchy. He said that most people can upgrade their home’s electrical panel, but that’s another added cost. 

At the same time, electric vehicles add to the stress of the nation’s electric grid, the Environmental Protection Agency (EPA) is proposing to make it less stable. 

A new rule announced in May would require most fossil fuel power plants to cut greenhouse gas emissions by 90 percent between 2023 and 2040 or shut down. According to an agency analysis, approximately 120 natural gas and 200 coal-fired plants would be affected. 

“Powerplant shutdowns due to the rule could mean electricity grid failures in cities and communities across the country,” says Guy F. Caruso, a former U.S. Energy Information Administration administrator. “This could not come at a worse time, as our electrical grid is already strained with more electric household appliances and cars pulling power from the grid. In other words, if plants are forced to close prematurely, Americans will be paying more for a less stable grid.”

The administration has never disguised its negative view of fossil fuels, but its aggressive actions are at odds with most Americans, according to a new survey from the Pew Research Center. While 67 percent of U.S. adults support prioritizing the development of alternative energy sources over fossil fuels, just 31 percent support phasing out fossil fuels entirely, and another 32 percent don’t believe the country is ready to begin a phase-out. 

“Emotional rhetoric can only carry you so far,” Scribner said. “We’re not seeing reality align with some of the most aggressive calls to action.” 

Two high-ranking Senate Republicans want the Federal Energy Regulatory Commission to look at the administration’s aggressive clean power plan – Proposed Clean Power Plan 2.0 – through a series of conferences to analyze the negative impact on grid reliability. 

“The proposal presents unjustifiable claims about the future availability of technologies – including carbon capture, clean hydrogen, and the related infrastructure – used to power our electric grids,” Sens. John Barrasso (R-Wyo.) and Shelley Moore Capito (R-W.Va.) wrote in a letter to FECR Chairman Willie L. Phillips and Commissioners James Danly, Allison Clements, and Mark C. Christie.

The letter highlights statements from several commissioners, warning of an “impending, but avoidable, reliability crisis [caused by] public policies that are otherwise designed to promote the deployment of non-dispatchable wind and solar assets or to drive fossil-fuel generators out of business as quickly as possible.” 

The proposed designation of the sagebrush lizard as an endangered species is likely to spark a similar reaction as people after the EPA and the Consumer Product Safety Commission suggested outlawing gas stoves. 

“Anti-energy activists have been desperate to shut down drilling in the Permian Basin for years,” said Tim Stewart, president of the U.S. Oil & Gas Association, according to reports in Forbes. “Texas oil and gas operators spent tens of millions of dollars in voluntary conservation efforts to protect the dunes sagebrush lizard. Environmental groups meanwhile added nothing to the conservation efforts but petitions and lawsuits.”

More than 3 million acres of lizard habitat in Texas and New Mexico are enrolled in a conservation agreement that has helped protect the Dunes Sagebrush Lizard for more than a decade, according to Ben Shepherd, president of the Permian Basin Petroleum Association. 

Such efforts, though, are met with scorn and derision from environmental activists who cheer damage to priceless works of art while middle-class families struggle to pay rising utility bills. 

 “It’s no surprise that Americans continue to support the reliability and affordability of traditional energy sources to power their homes and automobiles,” said Craig Stevens, a spokesman for GAIN, an energy coalition group that promotes sound policies that safeguard economic and national security. “Policymakers should embrace a true ‘all of the above’ energy policy that strengthens our nation’s energy security while ensuring access to the power Americans need.”

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Oil extraction in Alaska has been a subject of controversy for decades. While proponents argue that it will enhance the country’s energy security and create jobs, environmentalists are concerned about its potential impact.

The project began in the 1960s and involved drilling in the Arctic National Wildlife Refuge (ANWR) in northeast Alaska. ANWR is a 19.6 million-acre region that is home to a diverse range of wildlife, including caribou, polar bears and migratory birds. The region is also significant for its cultural and spiritual importance to the Gwich’in people, who have lived there for thousands of years.

Environmentalists argue that the oil-drilling project will cause significant harm to ANWR’s delicate ecosystem. The drilling process involves using heavy machinery and drilling rigs that could damage the fragile tundra. The tundra is home to several plant species, including lichens and mosses that are crucial for soil stability and carbon sequestration. The drilling process could also lead to releasing of greenhouse gases and contaminating of soil and water resources, potentially harming wildlife and human health.

Oil spills and leaks could potentially harm these native species and cause long-term damage to their habitat. Additionally, they could disrupt the caribou’s migratory patterns, significantly affecting the Gwich’in, who rely on caribou for their subsistence and cultural practices.

These concerns have been amplified in recent years because of climate change. The Arctic is one of the regions most affected by climate change, with temperatures rising twice as fast as the global average. The melting of sea ice has opened up new opportunities for oil drilling, but it has also increased the risk of oil spills and leaks. Moreover, the extraction and burning of fossil fuels contribute significantly to greenhouse gas emissions, exacerbating climate change.

The project also raises questions about the country’s energy policy and commitment to transitioning to cleaner energy sources. The United States is one of the largest oil consumers, with more than 90 percent of its transportation fueled by petroleum products. While the country has made progress in increasing the use of renewable energy sources, its dependence on oil remains a significant challenge. The Alaskan project highlights the need for a comprehensive and sustainable energy policy that balances energy needs with environmental obligations.

Despite the concerns of environmentalists, the project has received support from some politicians and industry groups. Supporters argue that the project will enhance the country’s energy security by reducing its dependence on foreign oil and will create jobs. They also point out that the project will generate significant revenue for the government, which could be used for infrastructure development and other public projects.

Alaskan authorities have generally supported oil exploration in the Arctic. They argue that oil exploration and drilling would benefit the state. However, not all Alaskan authorities support oil exploration in the area.

Alaska Native communities, particularly those that rely on subsistence hunting and fishing, have expressed concerns about the potential effect of oil exploration and drilling on their way of life. They argue that the project would disrupt the region’s ecological balance and harm the wildlife they depend on for their subsistence.

Moreover, the Alaskan authorities’ stances on oil exploration are one of many factors that determine whether the project moves forward. The Bureau of Land Management regulates oil exploration and drilling in Alaska. The decision-making process involves evaluating the project’s potential environmental effects and economic benefits.

The contentious project highlights the tension between energy needs and environmental obligations. As the world faces the challenges of climate change and the need for a sustainable energy policy, it is essential to consider the long-term consequences of oil extraction projects and prioritize protecting our planet’s natural resources.

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For an alternative viewpoint see: Point: Nuclear Fusion Is the Energy Source of the Future

“Still decades and hundreds of billions of dollars away.”

That was the sobering refrain from the recent nuclear fusion announcement that has already taken decades and cost taxpayers hundreds of billions of dollars to get to this point of—wait for it—still being decades and hundreds of billions of dollars away.

Meanwhile, the Biden administration is thwarting domestic energy development and Congress can’t pass bipartisan permitting reform to make energy siting and transmission more predictable. All this while the nation suffers from the imperfect storm of gasoline and natural gas costs, increasing frequency of blackouts and brownouts, and a greater reliance on foreign energy sources.

Considering the genuine challenges our nation is facing, the U.S. should focus its resources on tangible solutions that are available now.

Around the world, more than 2 billion people live in energy poverty, and millions of Americans struggle to pay for electricity and transportation fuels. Separately, the war in Ukraine has highlighted an over-reliance on Russian natural gas in European countries — a gap that U.S. natural gas could help fill. In fact, the administration has promised more U.S. gas to England and other allied nations despite a history of making it more difficult for U.S. energy companies to extract and transport those resources domestically.

And not only is the federal government an obstacle, but some political and business leaders, like Michael Bloomberg, are underwriting public relations campaigns to end the use of traditional energy sources while they fly on private jets, sail on yachts, and live in mansions. They do not appreciate the struggle for affordable energy, potable water, and good jobs that most citizens of the country, and the world, seek.

The International Energy Administration and the U.S. Energy Information Administration acknowledge petroleum and natural gas will be among the most widely needed fuels for at least the next 50 years, and likely longer. Fuels that are necessary to drive vehicles, heat homes, and cook food.

In addition to leveraging North American petroleum and natural gas supplies, the U.S. has an opportunity to promote the advancement of traditional renewable energy sources. To his credit, President Joe Biden has presided over the largest deployment of solar and wind in U.S. history. Continued investment, coupled with a robust natural gas industry, is the best way to keep our economy strong, reduce carbon emissions and expand our electricity generation capacity.

Biden, working with Congress, secured record investments to accelerate renewable energy sources through landmark laws like the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. Through his Cabinet, departments have established important goals to build America’s budding offshore wind energy industry and increase the generation capacity of solar to help us reduce carbon emissions by the end of this decade. It is a challenge, but one that is within reach.

It is important that the United States, and specifically the Department of Energy, support new and innovative technologies to help us reach a clean energy future. A future that nuclear fusion may be a part of.

However, it is critical that we leverage our current resources to meet the energy demands of today—both domestic and global—by allowing U.S. energy companies to develop and transport the traditional energy resources that we have domestically. This will help lower the cost of energy, grow our economy and support our allies while greening our environment — all without waiting decades and spending hundreds of billions more dollars hoping for the best possible result from a cool science project.

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Just ahead of the midterm elections, the Biden administration and its allies launched a last-ditch effort to shift the narrative around high gasoline prices, pointing the finger at energy companies and threatening new taxes and potential market restrictions. Unfortunately, bad politics breeds bad policies, with potentially devastating results for American small businesses and consumers.

It is a tale as old as Washington: Politically motivated “solutions” may sway some, but the facts say otherwise. For example, one idea under consideration by the administration is banning gasoline, diesel, and other refined petroleum exports in hope to mitigate high prices at the pump. The White House has even requested the Department of Energy assess the possible impact of banning refined petroleum products. Further, Rep. Ro Khanna, a Biden administration ally, introduced a bill last month that would temporarily prohibit the export of motor fuel during periods when pump prices are high.

In reality, that type of government intervention imposes barriers on free markets and leads to distortions that inevitably result in less production, continued high prices, and grim consequences for our allies abroad.

The problem of increased prices cannot be solved with naïve, or cynical, policies like an export ban. Gasoline and other refined products are globally traded commodities, with the U.S. representing 12.1 percent of refined oil exports globally. Basic economics teaches us a decrease in the supply of a service or commodity, like oil, while demand remains the same, means the price tends to rise. More product in the market lowers prices globally, not just in the U.S. Alternatively, banning the export of refined products would likely just decrease inventory levels – why would a company invest if they can’t sell it? – and place more upward pressure on fuel prices.

According to a study conducted by the American Council for Capital Formation, refined products originally slated for export would be trapped in our coastal refineries, mainly driven by the lack of infrastructure to transport and divert these products from Gulf region refineries to the East and West coasts. This would ultimately lead to refinery capacity decreases domestically as well as an increase in product prices in the global market. The same study concluded that “more than two-thirds of U.S. consumers will see price increases, including average increases of more than 15 cents per gallon.”

Additionally, we cannot turn a cold shoulder to our allies. During the first half of 2022, the U.S. exported record amounts of petroleum products. For example, U.S. propane exports to Europe increased by 51 percent and set a record of 349,000 barrels a day in June. And when the EU’s new refined petroleum products sanctions on Moscow take effect in February, our allies will look to the U.S. as a global leader in exports to help fill that void.

Freeing markets from government controls, and relying on private competition and cooperation, enhances efficiencies, investment, and production – all subject to consumer sovereignty. Take, for example, the removal of the decades-long ban on crude oil exports in 2015. A study commissioned by the energy industry this year found that this policy reversal led to an increase of $161 billion in U.S. GDP, the addition of an annual average of 48,000 jobs, and reduced gas prices by an annual average of 4.6 cents per gallon. Clearly, embracing isolationist policies like restricted exports does not work in our economy’s favor.

The U.S. is facing increased global energy demand, constrained supply, and geopolitical instability, a situation that would be made far worse with these misguided Biden policies. Banning or restricting the export of refined petroleum products or crude oil is not the answer in the near term or over the long haul. The Biden administration and political allies ought to focus on providing tax and regulatory relief for the U.S. energy industry, and not meddling in critical international supply chains in the name of politics.

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When I talk to the citizens of the 6th Congressional District, the number one complaint is always the same: the Biden Inflation is crippling their household budgets. Working families in Berks and Chester counties are getting crushed by inflation this country hasn’t experienced in 40 years.

March’s annualized inflation rate hit a record 8.5 percent. The median household income in Pennsylvania is $70,000, but adjusting for inflation, these families are taking over a $5,000 pay cut.

The sharpest teeth in inflation’s bite are reserved for lower-income earners. The greatest increases in prices are occurring for gas and food, both of which constitute a larger portion of a family’s expenses with the less they earn. Rent is often the biggest monthly expense for working families, and that has also been increasing at a record pace.

The inflation has two drivers: the cost of oil has doubled since Biden took office and the federal government has accelerated deficit spending, adding $7 trillion in additional debt since COVID. These two factors, coupled with COVID shutdowns and lockdowns, backed by neither science nor common sense, have caused real harm to families across all income levels and especially for those struggling at the lower end.

The solutions are equally apparent. We must undo President Biden’s war on oil production (the only war he seems to be able to win), and we must put an end to wasteful spending.

During the Trump administration, we were an oil exporting nation. Due to Biden’s crackdown on expanding domestic production as well as reducing our refining capacity by shutting down the Keystone XL pipeline, we are more dependent on bad actors in the world like Russia and OPEC and more at risk for the wild price fluctuations that we are experiencing now.

COVID has been used as an excuse by the government not just to shut down businesses and schools, but to dramatically increase spending. We must we end this spree funded by debt that will cause future generations to suffer. We need to make hard choices about reforming the entitlement programs that consume a majority of the budget and are teetering towards bankruptcy.

Not only has our incumbent congresswoman, Chrissy Houlahan, not taken any action to address the macroeconomic issues that have forced a universal pay cut on her constituents, she and others like her, are at the root cause of the problem.

Houlahan voted for the reckless Biden budgets that have poured metaphorical gasoline on the inflationary fire, but she’s also opposed any effort to increase production of real gasoline here in the US.

As your next congressman, I will introduce legislation that expands our production, and I will not vote for any budget that does not contain a significant pathway towards regulatory reform and a massive reduction in spending.

The leftwing media recently suggested that middle-class Americans deal with inflation by cutting back bulk purchases, letting pets die rather than visiting the veterinarian and eating lentils instead of meat. I propose a much easier option: vote out far-left Democrats like Chrissy Houlahan that have brought us here and elect people like myself with a real solution to end inflation and restore the wages of working families here in Pennsylvania and across the country.

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