**Joe Biden’s Climate Policies Weaken The U.S. And Strengthen China**
Joe Biden’s Climate Policies Weaken The U.S. And Strengthen China
_Authored by Andy Pudzer & Sanjai Bhagat via RealClear Wire (https://realclearwire.com/articles/2023/07/09/joe_bidens_climate_policies_weaken_the_us_and_strengthen_china_964705.html),_
**President Biden’s commitment to end fossil fuels has been ineffective in reducing the demand for oil – but very effective in both weakening the U.S. and empowering our primary global adversary, China.** Assuming that a reduction in global carbon emissions is necessary to fight “climate change” (a disputed proposition (https://www.amazon.com/Unsettled-Climate-Science-Doesnt-Matters/dp/1950665798)), it nonetheless makes little sense environmentally, economically, or strategically to hobble the American fossil fuel sector (cancelling pipelines, discouraging financing, restricting leases, and slow walking permits) before sufficient sources of renewable energy with a proven capacity to meet global demand can be demonstrated.
https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bidenchair.JPG?itok=fwyjNxkP (https://cms.zerohedge.com/s3/files/inline-images/bidenchair.JPG?itok=fwyjNxkP)
In its _World Energy Outlook 2022_, even the International Energy Agency (IEA) warned (https://www.iea.org/reports/world-energy-outlook-2022) that if the supply of oil “were to transition faster than demand, with a drop in fossil fuel investment preceding a surge in clean technologies, this would lead to much higher prices – possibly for a prolonged period.” **The IEA’s warning had the advantage of being written after the war in Ukraine threatened worldwide energy supplies, which, more effectively than any desk-top research, demonstrated the global economic threat (https://www.realclearmarkets.com/articles/2023/06/23/seeking_permitting_reform_to_boost_energy_production_942542.html) posed by a too-rapid retreat from fossil fuels.**
Worldwide demand for crude oil is currently forecast (https://www.statista.com/statistics/271823/global-crude-oil-demand/#:~:text=The%20global%20demand%20for%20crude,barrels%20per%20day%20in%202023.) to hit an all-time high in 2023. China’s demand, in particular, is surging. In May, the IEA “revised up” its forecast (https://www.iea.org/reports/oil-market-report-may-2023) for growth in global demand, with “China accounting for nearly 60% of global growth in 2023.”
In the U.S., 79% of energy consumption comes from fossil fuels, while 13% comes from renewable energy sources, according to (https://www.eia.gov/energyexplained/us-energy-facts/#:~:text=Fossil%20fuels%E2%80%94petroleum,%20natural%20gas,primary%20energy%20production%20in%202021) the Energy Information Administration (EIA). That’s after tens of billions of dollars in government spending in support of renewables, particularly wind and solar, which combined account for a mere 5% of our energy consumption. The bottom line: so-called renewables are insufficient – and lack the necessary dependability – to meet our energy needs.
Despite this heavy fossil fuel dependence, **over the past two decades carbon dioxide emissions in the U.S. have _declined_ by 15% while China’s have _grown_ by 216%,** according to the EIA (https://www.eia.gov/international/data/world/other-statistics/more-other-statistics-data?pd=40&p=0000000000000000000000000000000000000000000000000000000b0001&u=0&f=A&v=mapbubble&a=-&i=none&vo=value&t=C&g=none&l=249-000000020000000000000000000000000000000000000002&s=-662688000000&e=1609459200000&;). The U.S. emissions reductions were due, in great part, to an increase in the use of inexpensive and clean-burning (https://www.eia.gov/energyexplained/natural-gas/natural-gas-and-the-environment.php#:~:text=Natural%20gas%20is%20a%20relatively,an%20equal%20amount%20of%20energy.) natural gas, which, thanks to fracking, the U.S. has and can produce in abundance.
If the goal is actually to reduce global carbon emissions without causing global economic chaos, increased use of dependable and abundant American natural gas makes far more sense than curtailing U.S. production and spending billions on unreliable and expensive “renewable” energy sources. Let’s face it, if renewables were economically viable, dependable, and available in sufficient supply, the Chinese would be using them. In fact, they have every incentive to do so.
Most of the processing (https://www.wsj.com/articles/u-s-car-makers-ev-plans-hinge-on-made-in-america-batteries-11675640784?page=1) of the minerals needed for electric-vehicle batteries happens in China. Using wind, solar, and batteries for energy production and transportation requires (https://media4.manhattan-institute.org/sites/default/files/the-energy-transition-delusion_a-reality-reset.pdf) significantly more metals (three times more copper, seven times more rare earths, 19 times more nickel, 25 ti…
https://www.zerohedge.com/energy/joe-bidens-climate-policies-weaken-us-and-strengthen-china
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"content": "**Joe Biden’s Climate Policies Weaken The U.S. And Strengthen China**\n\nJoe Biden’s Climate Policies Weaken The U.S. And Strengthen China\n\n_Authored by Andy Pudzer \u0026 Sanjai Bhagat via RealClear Wire (https://realclearwire.com/articles/2023/07/09/joe_bidens_climate_policies_weaken_the_us_and_strengthen_china_964705.html),_\n\n**President Biden’s commitment to end fossil fuels has been ineffective in reducing the demand for oil – but very effective in both weakening the U.S. and empowering our primary global adversary, China.** Assuming that a reduction in global carbon emissions is necessary to fight “climate change” (a disputed proposition (https://www.amazon.com/Unsettled-Climate-Science-Doesnt-Matters/dp/1950665798)), it nonetheless makes little sense environmentally, economically, or strategically to hobble the American fossil fuel sector (cancelling pipelines, discouraging financing, restricting leases, and slow walking permits) before sufficient sources of renewable energy with a proven capacity to meet global demand can be demonstrated.\n\nhttps://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bidenchair.JPG?itok=fwyjNxkP (https://cms.zerohedge.com/s3/files/inline-images/bidenchair.JPG?itok=fwyjNxkP)\n\nIn its _World Energy Outlook 2022_, even the International Energy Agency (IEA) warned (https://www.iea.org/reports/world-energy-outlook-2022) that if the supply of oil “were to transition faster than demand, with a drop in fossil fuel investment preceding a surge in clean technologies, this would lead to much higher prices – possibly for a prolonged period.” **The IEA’s warning had the advantage of being written after the war in Ukraine threatened worldwide energy supplies, which, more effectively than any desk-top research, demonstrated the global economic threat (https://www.realclearmarkets.com/articles/2023/06/23/seeking_permitting_reform_to_boost_energy_production_942542.html) posed by a too-rapid retreat from fossil fuels.**\n\nWorldwide demand for crude oil is currently forecast (https://www.statista.com/statistics/271823/global-crude-oil-demand/#:~:text=The%20global%20demand%20for%20crude,barrels%20per%20day%20in%202023.) to hit an all-time high in 2023. China’s demand, in particular, is surging. In May, the IEA “revised up” its forecast (https://www.iea.org/reports/oil-market-report-may-2023) for growth in global demand, with “China accounting for nearly 60% of global growth in 2023.”\n\nIn the U.S., 79% of energy consumption comes from fossil fuels, while 13% comes from renewable energy sources, according to (https://www.eia.gov/energyexplained/us-energy-facts/#:~:text=Fossil%20fuels%E2%80%94petroleum,%20natural%20gas,primary%20energy%20production%20in%202021) the Energy Information Administration (EIA). That’s after tens of billions of dollars in government spending in support of renewables, particularly wind and solar, which combined account for a mere 5% of our energy consumption. The bottom line: so-called renewables are insufficient – and lack the necessary dependability – to meet our energy needs.\n\nDespite this heavy fossil fuel dependence, **over the past two decades carbon dioxide emissions in the U.S. have _declined_ by 15% while China’s have _grown_ by 216%,** according to the EIA (https://www.eia.gov/international/data/world/other-statistics/more-other-statistics-data?pd=40\u0026p=0000000000000000000000000000000000000000000000000000000b0001\u0026u=0\u0026f=A\u0026v=mapbubble\u0026a=-\u0026i=none\u0026vo=value\u0026t=C\u0026g=none\u0026l=249-000000020000000000000000000000000000000000000002\u0026s=-662688000000\u0026e=1609459200000\u0026). The U.S. emissions reductions were due, in great part, to an increase in the use of inexpensive and clean-burning (https://www.eia.gov/energyexplained/natural-gas/natural-gas-and-the-environment.php#:~:text=Natural%20gas%20is%20a%20relatively,an%20equal%20amount%20of%20energy.) natural gas, which, thanks to fracking, the U.S. has and can produce in abundance.\n\nIf the goal is actually to reduce global carbon emissions without causing global economic chaos, increased use of dependable and abundant American natural gas makes far more sense than curtailing U.S. production and spending billions on unreliable and expensive “renewable” energy sources. Let’s face it, if renewables were economically viable, dependable, and available in sufficient supply, the Chinese would be using them. In fact, they have every incentive to do so.\n\nMost of the processing (https://www.wsj.com/articles/u-s-car-makers-ev-plans-hinge-on-made-in-america-batteries-11675640784?page=1) of the minerals needed for electric-vehicle batteries happens in China. Using wind, solar, and batteries for energy production and transportation requires (https://media4.manhattan-institute.org/sites/default/files/the-energy-transition-delusion_a-reality-reset.pdf) significantly more metals (three times more copper, seven times more rare earths, 19 times more nickel, 25 ti…\n\nhttps://www.zerohedge.com/energy/joe-bidens-climate-policies-weaken-us-and-strengthen-china",
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