America's energy revolution was a game changer that turned us into the world's pre-eminent energy power. Joe Biden is mounting a counter-revolution against it.
The president inherited an energy economy that was the envy of the world. He has spent the last 14 months working to dismantle that legacy. We are living with the consequences.
America's energy revolution was an astonishing technical and entrepreneurial achievement. It made us energy independent for the first time since the early 1950s. It made energy more affordable, which made us more prosperous and more competitive. It also delivered geopolitical flexibility at a time when America was contending with several emerging threats that intersected with energy.
Driven by fracking, horizontal drilling, and advanced seismic imaging technologies, America's crude oil and natural gas production shot up. From 2005 to 2019, oil and natural gas production jumped 116 and 89%, respectively. Over the same period, carbon emissions dove 19%.
That revolution came about because of a change of mindset toward policies that embraced energy abundance rather than energy scarcity.
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Instead of welcoming America's energy revolution, this president is mounting a methodical "whole of government" counter-revolution against it, all to achieve some completely unrealistic Green New Deal targets.