Under former President Donald Trump’s leadership, America was energy-dominant. By deregulating the sector, removing red tape, and unleashing domestic energy production, the United States became the largest energy producer in the world. Consumer costs were down, gross energy exports were up, and we were respected on the world stage as an energy powerhouse.
Fast forward three short years and the state of affairs is drastically different. In the first days of the Biden administration, President Joe Biden halted energy projects, shut down pipeline construction, and took every step imaginable to discourage the production of American energy resources. As a result, we’ve seen as much as a 60% increase in gas prices and a 20% increase in electricity prices.
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