video Kudlow: Biden’s ‘incredible transition’ is part of some progressive dream
‘Kudlow’ host reacts to Biden’s green energy policies
So, there's Joe Biden telling us how wonderful
high gas prices are: We're going through an incredible transition away from fossil fuels. "God willing when it's over, we'll be stronger and the world will be stronger and less reliant on fossil fuels when this is over."
God willing, Mr. President, we'll still have an economy.
Sky-high gasoline prices—including diesel prices and including natural gas prices—are not the answer. We are never going to replace fossil fuels, whether you or John Kerry understand this.
Electric cars are great, even though you won't invite Elon Musk to the White House, because he runs a non-union shop and now he's for free speech and even worse, he's going to vote Republican. But even Elon has called for stepped up
production of oil and gas.
GAS PRICES UP 35% SINCE BIDEN TOUTED 'MAJOR EFFORT' TO REDUCE GAS PRICES
President Joe Biden addresses the 76th Session of the U.N. General Assembly on September 21, 2021 at U.N. headquarters in New York City. (Photo by Timothy A. Clary-Pool/Getty Images / Getty Images)
The only thing missing from President Biden's "I-like high gas prices speech" is that he didn't say it in Davos, where all the climate nuts are gathered to sing the praises of a fossil-free world and to trash capitalism like they always do.
I've been to a couple of those Davos meetings, but only because I was forced at gun point to accompany President Trump.
It's not a wonderful experience. Hundreds or thousands of CEOs and their fellow travelers extolling radical green policies and trashing free-market capitalism – really, truly, CEOs doing this. People you would think might know better, but they no longer know better.
There isn't a blue-collar worker within three continents of Davos. That, there, is the problem. People that drive a semi or a pickup and their livelihood depends on it. They're just dying to have $10 gas or diesel. Traveling salespeople, who cover large swaths of the country, they're just dying to have $10 gas.
Heck, people who live in the New York metropolitan area, who can't get power, air conditioning, home heating, or gasoline because they're goofball democratic governors have completely shut down access to fossil fuels. One state away in Pennsylvania there's prosperity, because actually a democratic governor years ago opened the door to drilling and pipelining fossil fuels from the great Marcellus Shale. But in western New York, there's none of it, just a few blocks away from the border.
Reminds me of East and West Berlin, during the old days. Instead of creating jobs or rejuvenating a long moribund part of New York State, the lefties running New York would much rather import oil and gas from Russia.
BIDEN ADMIN RISKS AMERICANS' RETIREMENT ACCOUNTS TO PUSH CLIMATE AGENDA, GOP LEADERS IN 24 STATES WARN
Special Presidential Envoy for Climate John Kerry speaks during a press briefing at the White House on January 27, 2021 in Washington, DC. ( Drew Angerer/Getty Images / Getty Images)
At Davos, climate czar John Kerry talks about how many people are getting killed from droughts, fires, mudslides, floods, storms, but in fact, none of this is true.
As Bjorn Lomborg has written repeatedly, deaths from climate-related events have been plunging for over 100 years. For example, in the 1920's almost half a million people were killed by climate-related disasters. Last year it was less than 7,000. Climate-related disasters have killed 99% fewer people than 100 years ago. We are safer from climate disasters than ever before no matter what climate-crazed activists or their media allies may tell us.
The other night on this show former EPA Director Scott Pruitt was criticizing the extremist Biden view of climate. All this business of direct, indirect or cumulative, enviro metrics are useless in a world where technology improves climate by leaps and bounds.
The natural gas revolution is just one example. The U.S. has the
lowest carbon emissions of any of the big countries. Mr. Pruitt mentioned the promising advances in carbon sequester and storage, something which has been developing rapidly and widely.
Nobody can predict the future, but in a prosperous world, with typical American wealth creation, we will have the resources to develop the know-how by smart entrepreneurs to make air and water cleaner and cleaner. That is our history. We don't need outrageous energy prices that will ratchet up inflation and crash the economy, devastating middle-class, blue-collar American workers along the way.
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There is no reason why fossil fuels can't co-exist with renewables and nuclear in the next 100 years. We used to call it "all the above," but as far as Mr. Biden's so-called "incredible transition," that is a bit of woke ideological root canal without Novocaine inflicted on the American economy, in an utterly unnecessary strategy.
This is part of some progressive dream, what Newt Gingrich calls "big government socialism." It is a bad dream. It is a dream that must end. We will not restore high growth and low inflation until we rid ourselves of this nightmarish progressive dream. Need I say it again? The cavalry is coming.
This article is adapted from Larry Kudlow's opening commentary on the May 24, 2022, edition of "Kudlow."
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