Several Republican National Convention speakers blamed President Biden's policies for rising gas and electricity prices, but experts attribute the increases to global market forces and other complex factors.
Brad Plumer and Lisa Friedman report for The New York Times.
In short:
- Republicans claimed Biden's policies increased gas and electricity prices.
- Experts say global market forces and events like Russia's invasion of Ukraine influenced these price hikes more than Biden's policies.
- Former President Trump promised more domestic drilling, but experts argue other factors affect energy prices.
Key quote:
“The bulk of electricity price spikes are the result of ‘increasing cost and volatility of fossil fuels’ and extreme weather events like wildfires.”
— Brendan Pierpont, director of electricity modeling at Energy Innovation
Why this matters:
Misleading narratives can cloud public understanding and influence policymakers. For instance, blaming renewable energy for all price increases overlooks the benefits of reducing reliance on fossil fuels and the long-term savings from sustainable energy investments. Conversely, ignoring the costs associated with maintaining and upgrading the grid to accommodate renewables can lead to unrealistic expectations and frustration.
