Business

Adonis Hoffman: President Biden, oil and gas power America. Now is not the time to bite the hand of Big Oil


And yet, one of his first official actions was to stop the Keystone XL pipeline cold in its tracks and to sign an Executive Order that will "pause new oil and natural gas leases on public lands" indefinitely.


The leases account for about one quarter of annual U.S. production and most acutely impact several Western states, namely Colorado, Utah, Wyoming, North Dakota and New Mexico.


President Biden's actions are all as part of an about-face on U.S. energy policy intended to decelerate dependence on oil and gas and concentrate on clean, green alternatives.


It is another thing to allow the AOC wing of the Democratic Party to drive American energy policy for the foreseeable future, especially at the expense of a valuable industrial sector.


In addition to conservation and consumption changes, America needs to engage in a frank conversation about the real cost and consequences of eliminating fossil fuels from our everyday life.


In addition to conservation and consumption changes, America needs to engage in a frank conversation about the real cost and consequences of eliminating fossil fuels from our everyday life.






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