Testimony – Fueling Unaffordability: How the Biden Administration’s Policies Catalyzed Global Energy Scarcity and Compounded Inflation

March 29, 2023

Watch the full video here: https://oversight.house.gov/hearing/fueling-unaffordability-how-the-biden-administrations-policies-catalyzed-global-energy-scarcity-and-compounded-inflation/

Mentioned Clip

Rep. Lauren Boebert (R-Colo.) and Mark Paul, assistant professor of economics at Rutgers University, discuss the correlation between the high cost of energy and what critics call questionable legislation during a House Oversight Committee hearing.

NTD.com, March 30, 2023

Testimony Cited in The Epoch Times

Another witness, Rutgers University Professor Mark Paul, argued that “climate change is the greatest crisis humanity has faced.”

He testified that a move away from oil and gas would “delink the U.S. economy from hostile authoritarian regimes.”

Yet, robust evidence shows that a transition from fossil fuels risks strengthening America’s dependence on China, a hostile regime increasingly hostile to U.S. interests and run by the Chinese Communist Party (CCP).

“Unfortunately, Republican plans are intended to increase the extraction of fossil fuels,” Paul told Rep. Shontell Brown (D-Ohio), who accused Republicans of pushing “misinformation.”

Rep. Lauren Boebert (R-Colo.) asked Paul whether he supports nationalizing the U.S. oil industry. Paul said that he did.

She called that a “communist-style takeover.”

The Epoch Times, March 30, 2023

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