![]() Gas prices fell between June and September. Rather than confront the green crusaders who fund his party, he opened the spigots of the Strategic Petroleum Reserve (SPR) and pleaded with OPEC+, especially with America’s Persian Gulf allies, to increase production. Midway through his first year in office, Biden’s energy-dampening regulations contributed to and interacted with the general price inflation he mistakenly assumed to be "temporary." The president panicked. Retail gas prices rose steadily between Election Day 2020 and June 2022. You decrease supply of oil and gas until prices rise enough for the average consumer to search online for a Tesla. The transition involves hiking the cost of carbon-based energy to the point where renewable alternatives become affordable by comparison. The "clean energy transition," as Sullivan and Deese put it, is among the top priorities of the Democratic Party. One week later, Biden stopped issuing new oil and gas leases on public lands.īiden knew what he was doing. The other order blocked oil and gas exploration in the Arctic National Wildlife Refuge, forbade drilling in large parts of Utah, and canceled the Keystone XL pipeline between the United States and Canada. One order pledged that America would rejoin the Paris climate accords and commit to the deal’s targeted reductions in carbon dioxide emissions. Biden signed 17 executive orders on his first day in office, and two of them dealt with U.S. On issue after issue, the instructions that Biden gave at the outset of his presidency have made America less prosperous, less independent, and less secure.Įnergy and immigration tell the tale. The OPEC+ embarrassment was the latest reminder that he, not Putin nor Saudi Arabia, is the chief author of the Democratic Party’s current woes. He’s incensed that OPEC+ may have helped the Republican opposition weeks before the midterm election.īiden really ought to look in the mirror. President Biden has been around long enough to understand the special relationship between fuel prices and presidential job approval. But they brought up the proverbial gas "pump" twice and U.S. Here is how you can tell: Sullivan and Deese mentioned Ukraine only once in their 311-word missive. Yet the White House’s true worry is domestic. National Security Adviser Jake Sullivan and National Economic Council director Brian Deese released a joint statement slamming the decision as "shortsighted" and harmful for "lower- and middle-income countries that are already reeling from elevated energy prices." OPEC+ includes Russia, and rising oil prices will help Vladimir Putin, undermine Europe’s ability to keep the lights on, and reduce food supply in the Global South. President Joe Biden was outraged on October 5 when the oil-and-gas cartel OPEC+ announced that it would cut production by two million barrels of oil per day. ![]()
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