Biden turns to Venezuela as Europe commits economic 'suicide by genuflecting to green utopia'

foxnews.com:

As President Biden reportedly seeks a weakening in oil sanctions on Communist autocrat Nicolas Maduro's Venezuela while opposing fossil fuel speculation at home, Fox Business host Charles Payne warned the U.S.

could follow in Europe's footsteps as they "genuflect" to the green revolution at the expense of their own citizens. Payne noted how European nations shuttered their own energy production capabilities over the past decades, before realizing most recently they are in the midst of an energy crisis with the dual setbacks of their major proprietor Russia no longer being a viable source and their left-leaning governments' collective green energy policies causing self-inflicted damage to their grids. "I used on ['Making Money'] a schematic from 1974 when Germany predicted overwhelmingly all their power will be coming from nuclear power plants," he said. "Of course, they've scratched that.They wouldn't build liquefied natural gas facilities.

Now they're trying to expedite them, but takes years to build them." "The suicide that we are seeing by Western nations genuflecting to this green utopia that they think is right around the corner – but instead they're killing; they're crushing the citizens." An oil pumpjack operates in the drive-thru area of a McDonald's in Bradford, Pennsylvania, near the New York border. (Reuters) Under Biden, oil spiked from a Trump-era low of under $2 per gallon in many places to over $5 during the summer.

While the price settled somewhat to around $4 as of late, Payne said the proverbial wound is self-inflicted. "It's going to get a whole lot worse," he said. "This conversation we're having right now, we're going to have another conversation similar to this a year from now and two years from.