WNU Editor: I am old enough to remember when politicians were laughing at President Trump's plan to boost oil and energy production when he ran for the Presidency in 2016.
Within a year of his Presidency US production increased substantially, the US was self-sufficient AND it had become the world's largest oil producer, and prices crashed to levels not seen for generations.
It also neutered the OPEC cartel.
The Biden administration's policies of cancelling major infrastructure projects like pipelines, limiting fracking and other energy extraction projects, coupled with an increase in tax and regulatory measures .... all of this is going to damage energy production and will limit supplies resulting in higher prices.
The political problem for the Biden administration is that many Americans know this, and I am willing to bet that there is going to be a political price for this in 2022.
The above video of US Energy Secretary Jennifer Granholm laughing is a campaign ad in itself.
