What Americans are experiencing at the pump is the price for having a political party in charge whose agenda is vehemently antagonistic to fossil fuels. Biden has vowed to make the United States achieve net-zero emissions economy-wide by 2050. From the outset, the Biden administration went after fossil-fuel production. In January, he signed executive orders suspending the issuance of oil and gas permits on federal lands and waters. The Biden administration also canceled the Keystone XL Pipeline, and has recently admitted that it’s considering shutting down a pipeline in Michigan. Canceling Keystone automatically led to a loss of thousands of jobs. If the Michigan pipeline is canceled, more jobs will be lost and energy prices will spike.
Blaming Biden’s policies… meanwhile in reality, more offshore drilling permits under the Biden administration are way up.
The Keystone XL pipeline would not affect the price one bit.
And of course Putin isn’t going to “believe” in man made climate change… his stolen wealth is built on petrol money. He is rich… he won’t be affected… so why should he care?
They are issuing permits in other places in the country like is it going out of style… so it is kind of hard to make the claim that they are “hostile” to fossil fuel.
Plus… in the real world… the recently passed Infrastructure bill has $25 Billion in new subsidies for fossil fuels while the Build Back Better portion which contains the green energy provisions is pretty much dead.
So be rejoiceful… you guys are winning.
Why would issuing permits in ANWR lower gas prices?
I am confident that policies will be revised to correct much of the inflation. The question is how long and how many new entitlements will be initiated before it is.
Funny how people mention Putin “disappearing” enemies but talk about the Clintons and Obama disappearing friends who have become liabilities is called crazy talk.
Oil companies aren’t racing to drill ANWR where the break even price is about $75/bbl when the Permian is around $35/bbl. Where would you expend your capital, Camp? ANWR or Permian?
This thought that lack of ANWR or Keystone is holding us back from low cost gas is right wing propaganda.
