Current High Energy Prices Were Decades In The Making
It is a common cliché to say that social media and the deluge of content we consume each day have significantly hampered, if not entirely destroyed, our attention spans. Sometimes it seems like memory itself may be a vestige of a bygone era, when we connected current events to past decisions and, almost like magic, learned to take different actions.
Current high energy prices are blamed on the war in Iran, which started seven months ago. While true, not all cost increases are the result of this relatively new market dynamic.
Numerous federal and state policy and regulatory choices made over more than a decade have played their own roles in current and past pain at the pump.
As recently as 2024, energy was rarely spoken of without its companion “sustainability,” by which advocates meant “transitioning” away from reliable fossil fuels to more intermittent sources (though this last part was not said out loud).
Actions matched that rhetoric. On day one in office, President Joe Biden canceled the Keystone XL pipeline project and was applauded for it. If he had not canceled it, more crude oil would have been brought to U.S. refineries, boosting fuel supplies and supporting lower prices. The Biden administration was overtly hostile to increased fossil........
