President Joe Biden announced late Wednesday night that his administration is ending a number of gas and oil leases in the Arctic.
The announcement comes as gas prices across the country near an average of $4 per gallon and as Saudi Arabia cuts back on oil production. [emphasis, links added]
“If President Biden is truly concerned about the rising cost of energy, he should brush up on the basic laws of supply and demand. Canceling these leases, after Saudi Arabia and Russia announced production cuts this week, will only raise prices at the pump.
“President Biden says he cares about working-class Americans, but this move proves all he really cares about is appeasing his green donors,” American Energy Alliance President Thomas Pyle released in response to the move.
My Administration is canceling all remaining oil and gas leases issued under the last administration in the Arctic Refuge and proposing to protect 13 million acres in the Western Arctic.
There's more to do, but we’re taking action to meet the moment for future generations.
— President Biden (@POTUS) September 7, 2023
“Alaskans can be trusted to be good stewards of their environmental resources. They broadly support new development within their state. This federal overreach will stifle their economy and cost jobs. Senator Murkowski and Senator Sullivan should insist on reversing this action in the upcoming budget negotiations,” he continued.
Before the 2022 midterm elections, President Joe Biden repeatedly tapped and depleted the Strategic Petroleum Reserve in an effort to keep prices under control.
Biden drained our Strategic Petroleum Reserve to just 18 days’ worth of supplies. https://t.co/xIC7dA0dMM pic.twitter.com/qQqrI22qXD
— GOP (@GOP) September 6, 2023
Read more at Townhall
The password is IMPEACH BIDEN
“… issued under the last administration …”
The key words. Everything Biden does to reverse Trump’s efforts will be used against “No Joke” Joe in campaign ads.
I have a suspicion that OPEC will try to defeat green regimes with higher and higher fuel prices. EV’s are certainly a threat to them. The slow suffocation of capitalism is too.
There is a movement amongst the BRICS countries to create a global currency to replace the Greenback. The BRICS guys are recruiting new members. If they succeed, where will all those trillions in American currency end up? The USA, fueling inflation.