Erickson: When Oil Hit Its Record High in 2008, President Bush Knew Exactly What Had to Be Done

Erickson: When Oil Hit Its Record High in 2008, President Bush Knew Exactly What Had to Be Done

Op-Ed

An oil jack is seen in the above stock image. Then-President George W. Bush holds a news conference at the White House on Jan. 12, 2009, in Washington, D.C. (Chip Somodevilla / Getty Images; huyangshu / Shutterstock)

by Erick Erickson

In 2020, Joe Biden declared war on oil and gas in America. In a Democratic primary debate, he declared, “No more subsidies for the fossil fuel industry. No more drilling, including offshore. No ability for the oil industry to continue to drill, period. It ends.” High gas prices are all part of his plan.

The other day, now-President Biden insisted that his administration had done nothing to raise prices or restrict drilling. Actually, there have been plenty of regulatory measures taken and offshore leases curtailed as part of Biden’s war on fossil fuels.

If you were an investor, would you invest in a company the president of the United States had promised to target? The Biden administration’s posture has been squarely against the oil and gas industry, which has fostered uncertainty in the market and disincentivized further investment. It has coupled this with regulatory gusto and a refusal to fight Obama-appointed activist judges using climate change as an excuse to shut down offshore oil drilling. Read the rest at westernjournal.com.

1 comment
  • And it all goes back to CLIMATE CHANGE, that mythical bogeyman that really can’t be identified but it MUST BE REAL. After all, Crazy Billy Gates, Klaus “Anal” Schwab, George Soros and Zuckerturd say it is…so it just must be, right? WRONG!!!!!!!!!!!!!!