Energy Prospectus

Biden unintentionally drew a few seconds of riotous laughter from Republicans in the middle of his speech by predicting that the United States would remain dependent on petroleum “for at least another decade.” To say Biden’s prediction was optimistic might be an understatement. The United States currently consumes approximately a fifth of all the petroleum used around the world every day. And Biden’s own U.S. government data projects that American petroleum consumption will increase nearly every year for the next three decades.