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ResNet’s Guide to the Presidential Debate 🗽

RESNET’S GUIDE TO THE PRESIDENTIAL ELECTION

With the election mere months away, let’s take a look at recent headlines to evaluate each presidential candidate from an energy policy perspective.

KAMALA HARRIS

• WSJ reported Kamala Harris performed her first political backflip of the presidential campaign, reversing her support for a ban on fracking for oil and gas. Running for president in 2019, Ms. Harris averred “there’s no question I’m in favor of banning fracking.” While popular among progressives, a fracking ban doesn’t play well in working-class areas, especially Pennsylvania, which is the second largest natural gas producing state after Texas.

  • Ahhhh, the old flip flop-a-ruski. This feels like a classic “a ducks opinion of you depends on wether or not you have bread” situation. She needs to win Pennsylvania to have a shot at winning the election. 5 years ago she gladly supported a policy that would have unemployed hundreds of thousands of Pennsylvanian workers, but now she needs those people to vote for her. Don’t love it.

  • Conclusion: While we appreciate she switched allegiance to the good guys (for now), this kind of feels like she quit drinking just to pass her DUI class. Our concern is as soon as she’s off parole she goes right back to taking laps around the dum-dum park talking about how we need to ban fracking in the US with no viable alternative so we end up shipping heating oil in from cargo ships like her friend Elizabeth Warren does in Massachusetts.

RFK JR.

• Robert F. Kennedy, Jr.'s presidential campaign walked back his promise to ban hydraulic fracturing, also known as fracking, as part of his plan to combat plastic pollution. In a statement to Fox News Digital, the campaign said Kennedy, if elected president, would implement a "phase out" of fracking which would be achieved by ending taxpayer-funded subsidies for the industry and allowing the free market to work.

  • “Phase out” sounds scary but what’s it mean? Phase out like when I said I’m phasing out Zyn by going from 6 milis to 3 milis but then I end up just popping a 3 mili every 20 minutes instead of a 6 mili every hour thus actually consuming more Zyn? Or phase out like the way the CIA phased out RFK’s uncle? Need some clarity here but don’t love it.

  • Conclusion: We want to get behind RFK. But we can’t. At the end of the day, RFK is a crypto guy. He’s not a gas boi.  He said he has most of his money in bitcoin which means he likely has none of his money in highly levered small cap Haynesville dry gas producers drilling $40M exploration wells at $2 gas. Hard to relate to a guy like that.

BIDEN

• While he announced earlier this month that he decided to drop out of race, The Biden administration continues to do good work on the energy policy front. Biden’s administration recently announced it would seek to curb U.S. emissions of powerful industrial greenhouse gasses such as nitrous oxide as it enters a new phase in the national strategy to fight climate change.

  • What I like about Biden is that in order to personally contribute to the reduction in nitrous emissions, he apparently decided to huff as much of it as he possibly could right before his debate with Donald Trump. In fact, if you view every television appearance and energy policy decision that Biden’s made through the lens of “that guys huffing nitrous to reduce greenhouse emissions” then he’s actually had a remarkable term all things considered and if you disagree then frankly I’d like to see your favorite politician try to run a country while being high on whippets.

  • Conclusion: RIP old friend. Banning LNG exports was a bad look. Maybe the worst energy policy decision of the last century. Especially when you consider it was just blatant pandering to people who are 1. already voting for your party 2. Too stupid to understand that this policy actually hurts the cause they purport to care so deeply about (lowering emissions). You think inhaling nitrous is intense try inhaling fumes from a pile of dung you burn to heat your 3rd-world home because some politician had to cut your access to clean/reliable energy so he could curry favor with people who glue themselves to tennis courts in the name of saving the planet.

TRUMP

• WSJ writes that as Donald Trump accepted the GOP presidential nomination earlier this month, he reminded the oil industry why he is their man. “We have more liquid gold under our feet than any other country by far, we are a nation that has the opportunity to make an absolute fortune with its energy,” Trump said.

  • Winner! Winner!

  • Conclusion: After careful consideration and thorough analysis, ResNet has decided to officially endorse the only presidential candidate who has never publicly declared he wants to ban fracking (and thus terminate our jobs and livelihoods).

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