Jerry Simmons, president of the Domestic Energy Producers Alliance, said President Joe Biden’s statements about removing fossil fuels by 2050 and his administration’s tightening of the industry’s regulations are stifling the production of energy and causing prices to rise.
“When you make these statements about an industry and, as the president, the incoming president, then you kind of set the stage,” Simmons told NTD Business on March 10. He added that the rhetoric about fossil fuels further curtails investors’ willingness to put money into an industry already hurting from the COVID-19 pandemic.
