“Russia needs high energy prices — that’s its only export — and so by pushing the world price of oil down … and by making the United States the world’s major energy source, we were in a great position, but [Joe Biden] has reversed all of that.”.
McFarland highlighted America’s securing of energy independence in the oil and natural gas industries “because of the fracking industry.”.Economist Stephen Moore warned that the Biden administration’s energy policies, ostensibly pushed to combat “climate change,†will erase American energy independence and prevent the development of multitrillion-dollar domestic resources.