Biden Plays The Squid Game With The Energy Industry

Biden Plays The Squid Game With The Energy Industry

SEOUL, SOUTH KOREA - OCTOBER 26: Younghee, the giant robot doll from "Squid Game", is exhibited at ... [+] the Olympic Park on October 26, 2021, in Seoul, South Korea. (Photo by Chung Sung-Jun/Getty Images) Between the pandemic and the war in Ukraine, the energy industry around the world is in turmoil with soaring prices, supply chain problems, and pressure for a solution. A number of countries have turned to coal as a temporary fix for fuel shortages, U. S. LNG exports have been switched from Asia to Europe, and consumers in the U. S. are facing $5/gallon for gasoline. Half of the media is dominated by the blame game and the other half by promises to solve the problem—in return for government funding. The Biden Administration does not bear primary responsibility for the problem, even though its cancellation of the Keystone XL pipeline and halt of drilling leases on public lands were unwise, being little more than posturing to satisfy the left wing of the Democratic Party. Oil and gas production on public lands (onshore at least) is not very significant, and without the Keystone XL pipeline, Canadian oil is still produced, but transported by rail, which is more