Posted 4/10/2024, 5:08:00 PM
Biden Pursues Clean Energy Agenda Amid Soaring Prices and Inflation
- Energy prices have increased nearly 38% since Biden took office in January 2021, with electricity up 28%, gasoline up 52%, and diesel up 50%
- Inflation Reduction Act (2022) invested $369B in clean energy incentives and tax breaks to reduce emissions 40% by 2030
- Biden administration has leased less federal land for oil-and-gas drilling than any since WW2
- Critics say pursuing clean energy is out of touch as inflation forces Americans to pay more for energy
- Biden has drained Strategic Petroleum Reserve by 42% amid high prices, canceled plans to replenish it, and begged OPEC for more oil
