Energy Prospectus

Biden’s crude oil policies may be the cause of shortages and inflation. Eurasia Review. Opinion.
With no known replacement for crude oil, Biden and the ESG believers need to be careful about eliminating “all” 3 fossil fuels! A year before being inaugurated President in 2021, Biden professed that “we are going to get rid of fossil fuels”. Before the recent inauguration, America achieved for the first time since Harry Truman was president about 70 years ago, to finally become crude oil independent and no longer held hostage to unstable Petro-powers and the vagaries of foreign crude oil supplies. While renewables continue to underperform in the generation of electricity, crude oil continues to be targeted for elimination along with coal and natural gas, even though oil is seldom used for generating electricity.

EIA says U.S. needs more natural gas pipes to boost output, stabilize prices. NGI.
If U.S. natural gas infrastructure is not expanded to meet growing demand, prices would escalate and more electricity generation is likely from renewables, coal and nuclear sources over the next three decades, according to federal researchers. EIA’s research team said the higher gas prices that would result from capacity constraints “primarily affect natural gas consumption in the U.S. electric power sector, which is more price-sensitive than the residential, commercial, and industrial sectors.” In its No Interstate Natural Gas Pipeline Builds case, EIA is projecting 11% less U.S. gas-fired generation during 2050 than in the Reference case.

Washington is broken

What we learned from the Big Oil hearing. E&E News.
The House Energy and Commerce Committee yesterday held the most anticipated of several planned hearings on the energy policy fight precipitated by Russia’s invasion of Ukraine. Democrats, looking to deflect blame for high gasoline prices as the midterms approach, launched an all-out campaign against the oil industry for alleged price gouging.
Republicans defended the industry, delighting in Democratic calls to boost oil and gas production after they campaigned in 2020 on climate policy. The six-hour hearing in the Oversight and Investigations Subcommittee offered a distillation of virtually every energy talking point lawmakers have lobbed at each other over the past month and a half. An array of lawmakers chimed in, as the subcommittee allowed other members of E&C to join the hearing, dragging the questioning late into the afternoon.

Democrats worried about gas prices are begging oil companies to drill more. New Republic.
Last fall, the House Oversight Committee convened to grill oil and gas CEOs about their funding of climate disinformation. Democrats asked the CEOs whether they would commit to lowering fossil fuel production for the sake of the planet. This week—less than 48 hours after the release of an IPCC report showing that existing fossil fuel infrastructure would push the world past 1.5 degrees Celsius of warming—many of those same executives were chided by Democrats for not drilling more.
The House Energy & Commerce Committee’s hearing on price gouging Wednesday offered a window into how Democrats are fumbling through two crises at once.

MY TAKE: We have elected idiots

Too kind to call them idiots. They are no nothing useless blobs . Imagine the money that's wasted on these idiots and
their staffs. Defund Congress