FOX Business host Larry Kudlow calls the Biden-Harris battle on fuel for ‘Kudlow.’
Is he, or not? Is Kamala for fracking, or against it? Does he want to promote the expansion of fracking, or does he not? Everything is mysterious and confusing.
Yes, he is adamant that although his principles are the same, he is no longer one to be banned, but the spokesperson of the campaign yesterday continued to muddy the waters by saying that Kamala will not promote the increase of fossil fuels.
Besides, here are the wrong facts. Early in the game, the Biden-Harris administration canceled the Keystone XL pipeline. What does that tell you? Then, during their tenure, they banned fracking in ANWR. What does that tell you?
They also banned fracking in the National Petroleum Reserve. They also stopped drilling in the oil and gas rich state of New Mexico. It took a court order to open even a small lease in the Gulf of Mexico, and recently, The Biden-Harris administration halted LNG exports, a decision that was an energy, economic and foreign policy blunder.
Rep. Elise Stefanik, R-NY., discusses the Democratic Party’s relationship with America’s religious people on ‘Kudlow.’
RESEARCHERS SAY ARKANSAS MAY HAVE 19M TONS OF LITHIUM CRITICAL FOR BATTERY POWER
Oil production has increased due to today’s high prices, as well as lease concessions made during the Trump years. However, the number of Baker Hughes rigs has halved since 2019, as the tax and regulatory battle on fossil fuels has slowly decimated small producers and businesses.
Meanwhile, big oil companies like Exxon and Chevron have acted like investment managers, as they return money to their shareholders, instead of opening new drilling. I can’t blame them, because if Kamala wins, the garbage war will intensify.
If you won’t allow drilling in Alaska, or you won’t build new pipelines, or you’ll extract clean fuels like natural gas, or if you’re against nuclear, it probably doesn’t matter whether or not you’re against the ban on fracking.
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Baseload power for the next 50 to 100 years should come from fossil fuels and nuclear, but Biden-Harris will block that. The handwriting is on the wall, right? Power to ruleor even independence, will be out the window. Our oil producing enemies in Russia, Iran and Venezuela will succeed.
Electricity prices in particular, and inflation in general, will hit home again. That’s the wrap.
This article is adapted from Larry Kudlow’s opening remarks on Oct. 22, 2024, edition of “Kudlow.”
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