Former Energy Secretary Rick Perry slams Biden-Harris admin's energy policies

Published On Sep 23, 2024, 6:00 AM

Rick Perry, former U.S. Energy Secretary, criticizes the Biden-Harris administration for its energy policies, specifically the cancellation of the Keystone XL pipeline and restrictions on energy exploration in Alaska. Perry argues that these actions threaten U.S. energy security and could lead to increased reliance on foreign energy sources. He advocates for expanding energy infrastructure, including the building of more pipelines, to promote domestic energy independence and support allies globally. Perry warns that failing to secure energy resources could reverse decades of progress towards American energy security.

Stock Forecasts

The criticism of the Biden administration's energy policies by a prominent former official may influence market sentiment negatively, particularly for companies involved in traditional energy infrastructure. If the political climate shifts towards more supportive energy policies, stocks of companies like Energy Transfer could see positive movement as infrastructure projects are potentially revived or funded.

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Former Texas Governor Rick Perry criticized the Biden-Harris administration's energy policies, including the cancellation of the Keystone XL pipeline and energy projects in Alaska.