Economy
Biden Is Failing The World
You can see that in Poland people are actually burning trash to stay warm. Burning trash in your fireplace creates toxic smoke. It’s hazardous. The government’s considering handing out masks so people can breathe more safely when they’re outdoors.
Recall that natural gas is the reason the United States reduced its carbon emissions more than any other country in the world. Carbon emissions have been on the decline globally, in large measure, because of the transition from coal to gas. Natural gas is something that most reasonable people agree is a superior fuel to coal. Natural gas is the reason the United States reduced its emissions by 22% between 2005 and 2020, which is five percentage points more than the United States had agreed to reduce our emissions under cap and trade legislation, which nearly passed Congress in 2010 and under the UN Paris Climate Agreement.
The above is a graph that was produced by Matthew Yglesias, a well-known progressive blogger. He tweets it out whenever somebody points out that President Biden isn’t doing all he can to expand oil and gas production. It’s accurate. It does show that oil production increased on a daily average under Biden from under Trump. But it’s deeply misleading. You have to remember that under Trump, the Coronavirus pandemic, for several months, massively slashed oil production.
You can see from the below chart of the EIA data on crude oil production that we still haven’t gotten back to where we were before the pandemic. Now consider how the need is much greater for US oil now that Europe and the United States are rejecting Russian oil.Upgrade
The United States is the biggest liquified natural gas exporter, it’s true. But it takes five years to bring online new LNG capacity in the United States. So all of the new LNG that’s come online during Biden’s presidency was due to past presidents.
And Biden has leased less land than any President since World War II. It’s a shockingly small amount of land: 130,000 acres as opposed to seven million acres under Obama, four million acres under Trump, during the first 19 months of their administrations. It’s a huge reduction in the amount of land being leased.
You can see that in some particular cases, like a very large oil and gas sale in Alaska, the Department of Interior claimed there wasn’t any industry interest in the lease. This turned out not to be the case. The Senator from Alaska, Lisa Markowski said, “I can say with full certainty based on conversations as recently as last night, that Alaska’s industry does have an interest in lease sales and the Cook Inlet to claim otherwise is simply false, not to mention stunningly shortsighted.”
People point out the oil and gas industry does have many thousands of leases, and that’s true, but there’s a high degree of uncertainty about whether the leases they have will produce oil and gas at levels that make sense economically to produce from.
So increasing oil and gas leasing at a time of an energy crisis in Europe seems like a no-brainer, but the Biden administration is not doing that. In fact, it’s been preventing the expansion of gas in many other ways.
You can see the Biden administration denied a request to have a formaldehyde regulation exempted. All else being equal, you’d wanna reduce that pollution. But I think a little bit of formaldehyde is gonna be a less toxic airborne event than having people breathing toxic wood and plastic smoke in Europe. The right thing to do, in terms of aiding our allies, would be to wave that regulation. But the Biden administration refused.
You can see that the Biden administration is actively considering forgoing all new offshore drilling in the Atlantic and Pacific. It may do no offshore leases at all for oil and gas.
Instead, the Biden administration has sought to give sanctions relief to Venezuela in the hopes that Venezuela would produce more oil. And of course, most famously Biden went to Saudi Arabia to ask the Saudis to produce more oil in July. Now, everybody agrees that was a huge foreign policy failure. The Saudis announced they would be cutting production with the rest of OPEC+. The Biden administration’s pressure on the Saudis apparently annoyed them. Now, they’ve been pushed closer into the arms of Russia. This is a pretty significant setback for the Biden administration.
At the same time Biden was going to Venezuela and Saudi Arabia to produce more oil. Biden administration was refusing to even meet with oil and gas executives. That’s a pretty serious snub when you consider that it’s an industry you want to expand production.
An oil and gas analyst on Twitter criticized a Senator from Wisconsin for suggesting the Democrats are responsible for the lack of refining capacity. He said, “What — do you also blame a political party for a flat tire?”
I pointed out that a single oil refinery outage would have little impact if we had sufficient refinery capacity, and the reason we don’t is that politicians, mostly Democrats have used regulations to prevent their construction. When I interviewed executives one said to me, “If you were an oil company, why would you invest hundreds of millions of dollars into expanding refining capacity if you thought the federal government would shut you down in the next few years? The narrative coming out of this administration is absolutely insane.”
So you can see here that refinery capacity was increasing all the way through 2020. It then declined due to the pandemic. And it has not risen since then. When the analyst was asked, why don’t we get more refineries? He clearly didn’t know. Or at least he said he didn’t know. But it’s clear the Biden administration has not wanted more refineries.
There was a chance to retrofit a major refinery in the US Virgin Islands. It was a refinery that was older. It needed pretty significant upgrades. It was polluting. But these are machines that can be fixed. Several billion dollars of investment would’ve fixed it and it goes back many years. This is an article from 2008. It describes how, at that time, the Democrats in the Senate killed a proposal for refinery expansion.
Go back to 2006. The same thing happened. The House was in the hands of the Republicans who passed a piece of legislation to expand refineries. And it was the Democrats who killed it. And, incidentally, they’re using the exact same arguments today that they used back then.
More recently, we’ve seen an attack on expanded natural gas pipeline capacity, including from Pennsylvania to the Northeast, particularly to Boston. The result of not having pipeline capacity is that they’ve been burning more oil for electricity in New England. In fact, oil-fired power jumped to a four-year high earlier this year. And they’ve been having to import liquified natural gas to New England rather than just pipe it in, which is significantly cheaper. Probably half as expensive.
Grassroots advocacy and lawsuits have prevented pipelines from being built. You can see there’s a strong correlation between the price of natural gas and the ability to get pipelines built. We stop building pipelines and gas gets more expensive. Globally, the impact is that we’re gonna return to coal. This is the consequence of stifling oil and gas production.
One could argue that we just need more scarcity in order to accelerate the transition to electric cars. But it’s notable that the major figures in this, including President Biden, supporters of President Biden, and representatives of his administration aren’t defending a pro-scarcity position. They’re instead claiming that they’re doing all they can to bring down oil and gas prices and expand production.
I think this data, and the historical chronology, paint a picture that shows that there has, in fact, been a war on natural gas and oil United States and that it is impacting global supplies, and leaving Europe vulnerable.
Click to see the video presentation of this article. Additional slides and graphs are in the video.
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Reporting on cities, energy, and the environment
Alberta
COWBOY UP! Pierre Poilievre Promises to Fight for Oil and Gas, a Stronger Military and the Interests of Western Canada
Fr0m Energy Now
As Calgarians take a break from the incessant news of tariff threat deadlines and global economic challenges to celebrate the annual Stampede, Conservative party leader Pierre Poilievre gave them even more to celebrate.
Poilievre returned to Calgary, his hometown, to outline his plan to amplify the legitimate demands of Western Canada and not only fight for oil and gas, but also fight for the interests of farmers, for low taxes, for decentralization, a stronger military and a smaller federal government.
Speaking at the annual Conservative party BBQ at Heritage Park in Calgary (a place Poilievre often visited on school trips growing up), he was reminded of the challenges his family experienced during the years when Trudeau senior was Prime Minister and the disastrous effect of his economic policies.
“I was born in ’79,” Poilievre said. “and only a few years later, Pierre Elliott Trudeau would attack our province with the National Energy Program. There are still a few that remember it. At the same time, he hammered the entire country with money printing deficits that gave us the worst inflation and interest rates in our history. Our family actually lost our home, and we had to scrimp and save and get help from extended family in order to get our little place in Shaughnessy, which my mother still lives in.”
This very personal story resonated with many in the crowd who are now experiencing an affordability crisis that leaves families struggling and young adults unable to afford their first house or condo. Poilievre said that the experience was a powerful motivator for his entry into politics. He wasted no time in proposing a solution – build alliances with other provinces with mutual interests, and he emphasized the importance of advocating for provincial needs.
“Let’s build an alliance with British Columbians who want to ship liquefied natural gas out of the Pacific Coast to Asia, and with Saskatchewanians, Newfoundlanders and Labradorians who want to develop their oil and gas and aren’t interested in having anyone in Ottawa cap how much they can produce. Let’s build alliances with Manitobans who want to ship oil in the port of Churchill… with Quebec and other provinces that want to decentralize our country and get Ottawa out of our business so that provinces and people can make their own decisions.”
Poilievre heavily criticized the federal government’s spending and policies of the last decade, including the increase in government costs, and he highlighted the negative impact of those policies on economic stability and warned of the dangers of high inflation and debt. He advocated strongly for a free-market economy, advocating for less government intervention, where businesses compete to impress customers rather than impress politicians. He also addressed the decade-long practice of blocking and then subsidizing certain industries. Poilievre referred to a famous quote from Ronald Reagan as the modus operandi of the current federal regime.
“The Government’s view of the economy could be summed up in a few short phrases. If anything moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
The practice of blocking and then subsidizing is merely a ploy to grab power, according to Poilievre, making industry far too reliant on government control.
“By blocking you from doing something and then making you ask the government to help you do it, it makes you reliant. It puts them at the center of all power, and that is their mission…a full government takeover of our economy. There’s a core difference between an economy controlled by the government and one controlled by the free market. Businesses have to clamour to please politicians and bureaucrats. In a free market (which we favour), businesses clamour to impress customers. The idea is to put people in charge of their economic lives by letting them have free exchange of work for wages, product for payment and investment for interest.”
Poilievre also said he plans to oppose any ban on gas-powered vehicles, saying, “You should be in the driver’s seat and have the freedom to decide.” This is in reference to the Trudeau-era plan to ban the sale of gas-powered cars by 2035, which the Carney government has said they have no intention to change, even though automakers are indicating that the targets cannot be met. He also intends to oppose the Industrial Carbon tax, Bill C-69 the Impact Assessment Act, Bill C-48 the Oil tanker ban, the proposed emissions cap which will cap energy production, as well as the single-use plastics ban and Bill C-11, also known as the Online Streaming Act and the proposed “Online Harms Act,” also known as Bill C-63. Poilievre closed with rallying thoughts that had a distinctive Western flavour.
“Fighting for these values is never easy. Change, as we’ve seen, is not easy. Nothing worth doing is easy… Making Alberta was hard. Making Canada, the country we love, was even harder. But we don’t back down, and we don’t run away. When things get hard, we dust ourselves off, we get back in the saddle, and we gallop forward to the fight.”
Cowboy up, Mr. Poilievre.
Maureen McCall is an energy professional who writes on issues affecting the energy industry.
Alberta
Alberta and Ontario sign agreements to drive oil and gas pipelines, energy corridors, and repeal investment blocking federal policies
Alberta-Ontario MOUs fuel more pipelines and trade
Alberta Premier Danielle Smith and Ontario Premier Doug Ford have signed two memorandums of understanding (MOUs) during Premier Ford’s visit to the Calgary Stampede, outlining their commitment to strengthen interprovincial trade, drive major infrastructure development, and grow Canada’s global competitiveness by building new pipelines, rail lines and other energy and trade infrastructure.
The two provinces agree on the need for the federal government to address the underlying conditions that have harmed the energy industry in Canada. This includes significantly amending or repealing the Impact Assessment Act, as well as repealing the Oil Tanker Moratorium Act, Clean Electricity Regulations, the Oil and Gas Sector Greenhouse Gas Emissions Cap, and all other federal initiatives that discriminately impact the energy sector, as well as sectors such as mining and manufacturing. Taking action will ensure Alberta and Ontario can attract the investment and project partners needed to get shovels in the ground, grow industries and create jobs.
The first MOU focuses on developing strategic trade corridors and energy infrastructure to connect Alberta and Ontario’s oil, gas and critical minerals to global markets. This includes support for new oil and gas pipeline projects, enhanced rail and port infrastructure at sites in James Bay and southern Ontario, as well as end-to-end supply chain development for refining and processing of Alberta’s energy exports. The two provinces will also collaborate on nuclear energy development to help meet growing electricity demands while ensuring reliable and affordable power.
The second MOU outlines Alberta’s commitment to explore prioritizing made-in-Canada vehicle purchases for its government fleet. It also includes a joint commitment to reduce barriers and improve the interprovincial trade of liquor products.
“Alberta and Ontario are joining forces to get shovels in the ground and resources to market. These MOUs are about building pipelines and boosting trade that connects Canadian energy and products to the world, while advocating for the right conditions to get it done. Government must get out of the way, partner with industry and support the projects this country needs to grow. I look forward to working with Premier Doug Ford to unleash the full potential of our economy and build the future that people across Alberta and across the country have been waiting far too long for.”
“In the face of President Trump’s tariffs and ongoing economic uncertainty, Canadians need to work together to build the infrastructure that will diversify our trading partners and end our dependence on the United States. By building pipelines, rail lines and the energy and trade infrastructure that connects our country, we will build a more competitive, more resilient and more self-reliant economy and country. Together, we are building the infrastructure we need to protect Canada, our workers, businesses and communities. Let’s build Canada.”
These agreements build on Alberta and Ontario’s shared commitment to free enterprise, economic growth and nation-building. The provinces will continue engaging with Indigenous partners, industry and other governments to move key projects forward.
“Never before has it been more important for Canada to unite on developing energy infrastructure. Alberta’s oil, natural gas, and know-how will allow Canada to be an energy superpower and that will make all Canadians more prosperous. To do so, we need to continue these important energy infrastructure discussions and have more agreements like this one with Ontario.”
“These MOUs with Ontario build on the work Alberta has already done with Saskatchewan, Manitoba, Northwest Territories and the Port of Prince Rupert. We’re proving that by working together, we can get pipelines built, open new rail and port routes, and break down the barriers that hold back opportunities in Canada.”
“Canada’s economy has an opportunity to become stronger thanks to leadership and steps taken by provincial governments like Alberta and Ontario. Removing interprovincial trade barriers, increasing labour mobility and attracting investment are absolutely crucial to Canada’s future economic prosperity.”
Together, Alberta and Ontario are demonstrating the shared benefits and opportunities that result from collaborative partnerships, and what it takes to keep Canada competitive in a changing world.
Quick facts
- Steering committees with Alberta and Ontario government officials will be struck to facilitate work and cooperation under the agreements.
- Alberta and Ontario will work collaboratively to launch a preliminary joint feasibility study in 2025 to help move private sector led investments in rail, pipeline(s) and port(s) projects forward.
- These latest agreements follow an earlier MOU Premiers Danielle Smith and Doug Ford signed on June 1, 2025, to open up trade between the provinces and advance shared priorities within the Canadian federation.
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