According to White House National Economic Council director Brian Deese, no amount of domestic energy production will curb the rising gas prices.
Personally, I call absolute bullcrap on that argument. I would be willing to bet that he is simply saying that to excuse the fact that President Joe Biden shut down our pipelines and has refused to reopen them despite the skyrocketing prices.
Deese appeared on CNBC and argued that “no amount of domestic production we can do to reduce” gas prices. He suggested the only solution is to start “shifting to cleaner sources of energy.”
Biden economic adviser Brian Deese: “No amount of domestic production” would make us energy independent, we need to shift away from fossil fuels pic.twitter.com/CzydSf67oL
— RNC Research (@RNCResearch) March 9, 2022
“[W]hat we’re trying to underscore is that in the short term, production comes back based on facilities and rigs that were in process previously or are close to production,” Deese said. “And in those cases, there is no constraint. There’s no federal constraint to bringing that production back online, and that’s why we’re seeing that production come back. As you say, it takes some time in some cases. But we’re seeing that production come back quite significantly. So, I think that’s the pragmatic conversation we should have about the very short term.”
“The medium and long term, I think … the path and the trajectory is clear — there is no amount of domestic production that we can do when we’re dealing with a volatile global commodity, where the price is set globally, there’s no amount of domestic production we can do to reduce or eliminate our vulnerability as a country to that volatility,” he added. “The only way to do that is to reduce the energy intensity of the economy overall, which means shifting to cleaner sources of energy.”
Sure. People can barely afford a full tank of gas in their vehicle in order to go to work and buy groceries so they should therefore go buy a $60,000 electric vehicle. That's logical.
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