Biden Dreams About Windmills Instead of Facing Up to Our Energy Crisis

Is President Biden at all serious about lowering the record gas prices at the pump? Here’s all you need to know: At 10:15 a.m., the energy secretary, Jennifer Granholm, met with seven major oil company CEOs; at 3:30 p.m., the president met with labor leaders, governors, and various green windmill makers in the Roosevelt Room of the White House to talk about windmills. “We’re about to build a better America. I really mean that. I mean a better America,” Mr. Biden said during his meeting. Wait a minute, let’s get this straight: The energy company CEOs meet with an underboss instead of getting invited to a meeting with the president, the boss, in the Roosevelt Room. What’s wrong with this picture?Because Mr. Biden is in Washington, not Rehoboth Beach, might he have sat around the table with the energy people, who could actually solve his oil and gas problem? Nah. Much more fun to talk windmills. It’s a question of priorities, right?By the way, I am reliably informed that the energy CEOs did not know about the afternoon windmill meeting with the boss. So, I think that says it all. The Bidens actually believe that $5 gasoline and $100 oil and 10 percent inflation is going to be solved by wind turbines and solar farms. This is not science. This is not common sense. This is left-wing ideology. Radical climate obsession.All the while, the American working people will suffer the high grocery prices and outrageous gasoline and diesel costs. If the president had attended the oil and gas CEO meeting, it might’ve been a very important moment. He didn’t, and it wasn’t.Participants tell me the energy meeting was polite, and in that sense “constructive”: At least Ms. Granholm didn’t insult the CEOs the way the president has.Yet when they talked about pull-backs in regulations, restrictions, permitting, Jones Act changes for transportation, even short-term waivers of overly restrictive environment regulations — each of which would increase supply and therefore reduce price — the energy secretary was not able to satisfy the concerns of the oil people.So nothing happened. And nothing’s going to happen, except the American economy’s going to continue to suffer, along with the American workforce. There is no give in Mr. Biden’s rigid climate ideology. He’s held hostage by the woke greenies and the labor unions and some of their allies in the renewable fuel subsidy and tax credit game. He’s not going to give an inch to fossil fuels. Mr. Biden is completely isolated. I think he’s afraid to go and face the oil people after his recent insults and blatant, factual misstatements. In an Energy Department press release, it says: “The Secretary made clear that the Administration believes it is imperative that companies bring supply online to get more gas to the pump at lower prices.” Just how exactly are they supposed to do that when they can’t get permits for new drilling, or refineries, or pipelines? Burdened by extremist regulations from Ms. Granholm’s energy department as well as the interior department, the EPA, and the Securities and Exchange Commission (that thinks it’s now the Securities and Environmental Commission), how exactly are these oil companies going to boost production? By the way, if you have a president and an energy secretary, among many others in the administration, who are constantly telling us that the solution to record gas prices is solar and wind farms, and that the ironclad policy is to abolish fossil fuels, why would these companies mount any expansive investment campaigns? They know they may be out of this fossil fuel business altogether.Even though the cavalry’s coming, and Congress is going to go Republican this November, the Biden White House can just keep issuing these anti-fossil fuel regulations. The big energy companies report to their shareholders, who own the companies. These investors will want management to deploy their capital in the most efficient, highest return rate possible. Mr. Biden’s telling them: Do not invest in fossil fuels, even though that used to be your business. It’s over.This is good for Russia, which is now back to peak pre-war oil production. It’s good, too, for the Saudis, the Iranians, and the Venezuelans, but it’s not good for American companies.You can’t just order more gasoline. There’s a process, with a long lead time. And this SPR business has failed.A federal gas tax holiday is dead on arrival. Gasoline rebates of some kind are a laughingstock, so the president and his energy secretary just decided to order the CEOs to produce more. Remember immaculate inflation? This is immaculate refining.I trust the Lord in all things, but it’s not clear to me that he’s going to magically produce new supplies of refined gasoline. That’s a little bit too earthly and material, I suspect, for him.Final point: I don’t understand the politics of this. If I were Mr. Biden and getting absolutely clobbered in the polls, and my party was cruising toward a major election defeat under these greenie policies, I’d probably want to change, reset, show flexibility — do something that makes consumers, motorists, and workers think there’s somebody in the White House who has eyes and ears.But no, the Bidens double down, or triple down. Same old failed policies. Not even one little meet-and-greet cup of coffee with some of America’s most important CEOs. What a terrible story. From Mr. Kudlow’s broadcast on Fox Business News.

Biden Dreams About Windmills Instead of Facing Up to Our Energy Crisis

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