RE: From your link
Posted on: October 6, 2021 at 12:19:23 CT
Tigrrrr!
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Biden’s administration has worked quickly to challenge nearly every aspect of oil production and use through regulations and executive orders: financing and private sector investment, exploration and production, pipeline construction and operation, and use in cars and trucks.
Additionally, the administration has generated considerable political risk by threatening future energy and climate policies to overhaul the American energy sector with a transition away from conventional sources.
Biden’s commitment to the Paris climate agreement and his vision in the American Jobs Plan, and Congress’ efforts to implement the Green New Deal in piecemeal fashion, seek to orient energy markets around arbitrary political goals. They prescribe the use of certain kinds of energy—wind, solar, electric vehicles—rather than principles of competition, dynamic access to markets, affordability, consumer choice, and reliability.
Perhaps all of the demands from the left to “restructure” and “reimagine” energy markets are bumping up against reality.