America is currently going through a profound energy crisis that it has not experienced since the 1970s.
The common corporate media narrative is that Vladimir Putin’s invasion of Ukraine has brought about this upswing in gas prices. However, careful scrutiny of gas prices throughout the Biden regime shows that these prices have been trending upwards prior to Russia’s invasion of Ukraine.
This points to structural public policy decisions leading to such increases. Namely, anti-oil and gas energy policies such as the Biden regime’s decision to shut down the Keystone XL pipeline and a recent move to cancel a high-profile oil and gas lease sale in Alaska.
Arizona congressman Andy Biggs illustrated the gravity of the energy situation in a tweet he posted on May 27, 2022:
“Two years ago, the average price of a gallon of gas was $1.96.
Today, it is at a record high of $4.59.
In August, it is expected to hover $6.00.
We are facing an unmitigated energy crisis.”
Two years ago, the average price of a gallon of gas was $1.96.
Today, it is at a record high of $4.59.
In August, it is expected to hover $6.00.
We are facing an unmitigated energy crisis.
— Rep Andy Biggs (@RepAndyBiggsAZ) May 27, 2022
Crisis is the perfect word to describe what the US is currently facing on energy matters. However, we should not assume that this is a random occurrence. It’s the product of public policies that shackle the non-renewable energy sector, thus making it difficult for more efficient and affordable energy sources to function properly.
As a result, America’s working class takes a beating due to rising energy costs. It’s no exaggeration to say that energy is the economy, due to how many aspects of modern, developed economies rely on energy. If the energy sector is disrupted, a domino effect across the economy will ensue.
Energy is no different from any sector of the economy. It functions best when market forces are allowed to operate. It’s government intervention that causes all these problems in the first place.
