Biden Energy Policy Creates China Dependence

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The US depends on imports for 100% of 17 renewable-and-EV-critical minerals.

On Sept. 15, I testified to Congress about the unfolding energy crisis in Europe. When I explained how President Biden’s own energy policies are harming our allies abroad and consumers at home, Rep. Ro Khanna (D-Calif.) said to me, “If there was a war on energy, how is Exxon, Chevron, BP and Shell making over 200% profits? You can’t have a war on an industry and then they’re having record profits.”

The reason, I told Khanna, is precisely because the Biden administration has been stifling oil and natural gas production, thereby reducing supplies, and increasing prices and profits.

Do Democrats really not understand how supply and demand work? Of course they do. They know that, by repressing oil and natural gas production, they’re making these resources scarce and expensive. That’s how they want it. They think high gasoline prices will force people to buy costly electric cars. But they know that their position of effectively rationing energy is highly unpopular, so they seek to scapegoat oil and gas companies — an easy target.

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