Joe Biden's energy policy strikes the right balance between the short-term need for oil...
In one, off the coast of central and northern California in the Pacific Ocean,. Spanning 373,268 acres, these turbines will deploy 30 gigawatts of energy by 2030, enough to power 10 million homes.a corporate pipeline developer received federal approval
At face value, an offshore wind farm in the Pacific and an oil export terminal in the Gulf are staggeringly contradictory. The former is a major down payment towards meeting our nation's goals of cutting greenhouse gas emissions by half by 2030; the latter would prop up a fossil fuel that contributes heavily to those emissions.
It was difficult enough for Biden to spend significant political capital modernizing the American energy economy and advancing decarbonization goals through a narrowly Democratic congressional majority. Now add in a global energy market suddenly shunning Russian oil due to the war in Ukraine, gas prices that peaked at an average of $5 per gallon this year, and a domestic economy reeling from soaring inflation.
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