THE FEDERALIST PAPERS – Energy industry executives are sounding the alarm on President Joe Biden’s disastrous policies and warning that they will force Americans to pay higher prices for gas and other utilities.
Steven Kopits is a longtime oil industry executive who’s currently the managing director of Princeton Energy Advisors. He’s horrified that since Election Day, gas prices have soared 18 percent, while the price of oil has rocketed almost 50 percent, the Washington Examiner reported Thursday.
Kopits said Biden’s reckless embrace of expensive, ineffective “green-energy” initiatives will hurt all Americans financially and could also damage the president politically.
“Biden has substantial political risk heading in the 2022 midterms,” he told the Examiner.
“He would do well to articulate a more balanced energy package because we may well see gasoline prices above $4 a gallon, and Republicans will not hesitate to finger the moratorium on leasing as the cause,” Kopits said.