ENERGY IMPLICATIONS OF WAR: Alarm on Energy: The Second October War should wake America up to crucial geopolitical realities.
The Middle East crisis suggests that the net-zero energy scheme is becoming a national security risk. In the seventies, domestic oil production was faltering, and the U.S. was becoming more reliant on oil from the Middle East. Today, a major threat to America’s energy security is the $4.5 billion-per-year NGO-corporate-industrial-climate complex, an interconnected group of activists who are raking in hundreds of millions of dollars from some of America’s richest people, including Michael Bloomberg, Laurene Powell Jobs, Jeff Bezos, and John Doerr.
The all-renewable agenda pushed by NGOs and the Biden Administration’s EPA threatens the reliability and resilience of our electric grid. Regulators and policymakers have repeatedly warned about the looming crisis. For instance, in May, members of the Federal Energy Regulatory Commission delivered stark warnings to the Senate Energy and Natural Resources Committee. The agency’s acting chairman, Willie Phillips, told the senators, “We face unprecedented challenges to the reliability of our nation’s electric system.” FERC Commissioner Mark Christie echoed Phillips’ warning, saying the U.S. electric grid is “heading for a very catastrophic situation in terms of reliability.” Commissioner James Danly warned of a “looming reliability crisis in our electricity markets.” Danly continued, saying that policies and subsidies “designed to promote the deployment of non-dispatchable wind and solar assets” are causing reliability concerns because the subsidies are helping “drive fossil-fuel generators out of business.”
Given the uncertainties roiling global energy markets, what should the U.S. do now to ensure its energy security? First and foremost, the U.S. should embrace increased domestic energy production. The administration and Congress should immediately begin encouraging domestic mining and enrichment of uranium as well as domestic mining and refining of critical metals and minerals, including copper, graphite, rare earth elements, and high-strength magnets. They should also immediately begin refilling the Strategic Petroleum Reserve. Finally, they must recognize that the energy provisions in the Inflation Reduction Act make us, and our allies, more vulnerable to the impacts of the war in Gaza, which has already changed energy geopolitics.
Or as a smarter political figure than Joe Biden said, “drill, baby, drill!”