EVERYTHING IS GOING SWIMMINGLY: Texas is running out of pipeline at the worst possible time.

As the IER report reminds us, Joe Biden came into office on a promise to “end fossil fuels.” He pushed the Federal Energy Regulatory Commission (FERC) to make changes to the permitting and approval process for new pipeline construction. The end result was “increasing delays and costs on natural gas projects.”

The latest FERC proposal has undergone many revisions and challenges, both from the industry and even from Congress. But the end result is the same. Any new or proposed natural gas infrastructure is going to cost a lot more to bring online and the environmental regulatory hoops companies will have to jump through are discouraging the industry from moving forward.

Crisis by design.