Over the past 4 years, we witnessed an onslaught of regulation like nothing we have ever seen before--an attack that specifically targeted affordable and reliable sources of energy like oil and natural gas, among others. The purpose of these overbearing and in some cases outright illegal rules was clear: It was an attempt to shut down conventional energy in our country from sources the Democrats just don't like. Through this barrage of overregulation, the Biden administration created record-high gas prices and a grid reliability crisis that our Nation must now address. We must recognize that we are really in a critical moment for American energy. The North American Electric Reliability Corporation has found that over the next 10 years, due to a rise in energy consumption and the policy-driven retirement of our existing power generation, our country may face major electric reliability concerns. The Biden administration compounded these issues through regulations that sought to force a transition to unreliable, intermittent energy resources.
Editor's note · Context
Discussing the impact of regulations on energy sources and prices during Senate floor debate.
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