Biden administration energy advisor Amos Hochstein explains why the White House is hesitant to embark on new oil and gas projects in a Tuesday interview with CNN’s “New Day.”
“So it’s about making a choice between what is the short term and the medium term so that we can make sure we have enough oil and gas to support us through the transition. And what are the kind of steps that we don’t want the oil and gas industry to take that would have long-term consequences when we don’t want new major projects that would take 20-30 years to become profitable,” Hochstein said.
“So, we have to make that differentiation to make sure the American consumer has what it needs to grow our economy and the global economy, but not take steps and endanger the climate work that we’re trying to do to make sure that we’re in a better footing to accelerate the transition,” he added.
Amos Hochstein, Biden’s energy advisor: To “accelerate” the transition we need to stop oil consumption and put a halt to projects. pic.twitter.com/ItxMdcmAnJ
— RNC Research (@RNCResearch) July 19, 2022
In other words, as Townhall’s Katie Pavlich wrote in March, the pain is the point. Pavlich pointed out that President Obama has been harsh on the oil industry in tweets, telling them they must drill more oil even though his administration is openly refusing to buy oil or gas. Pavlich said this about the interview.
“This clip is incredible & very revealing. While Biden berates oil/gas companies for not drilling & dumping $ into new exploration, his energy advisor admits they don’t want oil/gas investing in long-term projects. This is the Keystone XL problem that prompted oil/gas uncertainty.”
This clip is incredible & very revealing. While Biden berates oil/gas companies for not drilling & dumping $ into new exploration, his energy advisor admits they don’t want oil/gas investing in long term projects.
This is the Keystone XL problem that prompted oil/gas uncertainty https://t.co/CW7qHJ6C1B
— Katie Pavlich (@KatiePavlich) July 19, 2022
While some would say that the messaging is unclear, it’s obvious that their message is that they’ll blame anybody but themselves for the energy crisis.
″[C]ompanies must take immediate actions to increase the supply of gasoline, diesel, and other refined product,” Biden said in a letter to oil companies in June, CNBC reported.
Because it doesn’t want to risk climate change, the administration has been cautious in how it handles domestic energy production. They would prefer to let America remain dependent on the Organization of the Petroleum Exporting Countries, rather than allowing the United States to enter a new age of energy independence.
The Washington Post reports that Biden may declare a global emergency as a last resort effort to push his Climate Change agenda. The bill was unable to pass Congress due to opposition from Sen. Joe Manchin (D,WV). This would require the activation and expansion of production of solar panels as well as other energy products under the Defense Production Act, according to Reuters.
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