KUDLOW: Biden's Fear Mongering

The House Republicans are off to a good start, passing two energy bills that make a lot of sense. Two weeks ago, they passed the Protecting America’s Strategic Petroleum Reserve from China Act, whose content is self-evident. It was a lopsided, bipartisan vote of 331 to 97. Today, they passed the Strategic Production Response Act, which would tie any SPR sales to additional oil and gas leasing on federal lands. The vote was 221 to 205.

Hopefully, the next step will be a broad-based H.R. 1 permitting bill that will reopen fracking, pipelining, refining, LNG terminals, and so forth. This is all so important, because refined petroleum products permeate virtually every nook and cranny of the American economy.
Larger supplies will bring down prices and make it affordable for middle-class working people. Of course, President Biden opposes all this.