(WATTS UP WITH THAT) – The coming cold of winter is being paired with “green-inspired” energy policies that have created higher energy prices and fuel shortages. Historically, winters have been big killers. But centuries of innovation made us more resilient to the cold as we fully utilized the naturally available fossil fuels to generate heat and electricity. However, today these modern advantages are being sacrificed at the altar of climate change in exchange for the purported magic of wind, solar and batteries.
Though the pandemic-led economic recovery has contributed to a surge in energy demand, the real reason for shortages and price hikes is the anti-fossil fuel policies of political leaders.
In the U.S., motorists have faced rising gas prices as President Joe Biden has suffered dropping approval ratings in polls. The president first blamed OPEC for the price hike and then pleaded to the same OPEC to increase production. International oil prices are inelastic, meaning they closely follow the rise and fall of demand. It should be no surprise that fuel costs rose as a result of Biden’s restraint on all things fossil.
