Team Biden’s energy nonsense never stops. The latest: a bizarre claim that Americans are saving money — $120 a month, or $420 million in total since summer — at the pump.
Yes, gas prices are down from their scorching-hot $5.01-per-gallon June peak to a still-painful $3.85. [bold, links added]
But, by all accounts, the main reason for the drop was that Americans reduced their driving in response to the sticker shock.
And that $3.85 is still 62% higher than when Biden took office. So there have been no savings at all.
Biden’s new drawdown of our Strategic Petroleum Reserve is nearly as pathetic: 15 million barrels, enough to cover a puny seven-and-a-half-days of reduced OPEC output.
And this will draw the reserve down to near 40-year lows. Cross your fingers it’s not needed for its actual purpose, namely in case of a military emergency.
Even when the prez calls for increased domestic production — the actual solution here; unshackling the enormous capacities of American energy as his predecessor did — he plays lickspittle to Green New Dealers.
We “need to responsibly increase US oil production,” Biden postured Wednesday. “Responsibly” here means “not at all.”
All this after the Saudis wouldn’t play nice with Biden over oil output (maybe because he vowed to make the kingdom a “pariah” state and cozies up to Iran).
Even now, his main idea is to burn foreign oil, as if Saudi or Venezuelan oil is somehow better for the environment.
Yet more proof Biden’s energy policies are as nonsensical as . . . everything else he argues for.
And as damaging to average Americans and the nation.
Read more at NY Post
It will stop when the leftists have us living in caves as the cavemen did. To a leftist, that’s monumental progress.
Let me “shatter” one of the environmental activists & this Administration’s biggest pieces of DISINFORMATION. The idea that the VAST majority of oil & gas operations in the U.S are NOT responsibly conducted is an outright FALSEHOOD. As a thirty year practicioner (primarily) in oil & gas permitting, anyone who tells you the industry is “under-regulated” is either misinformed or a LIAR. At the federal, State & municipal levels, depending on the region, any O & G operator faces a MYRIAD of rules & regulations. Add to this the numerous oil & gas lease provisions & conditions of approval and you have a long standing, well established framework that provides SIGNIFICANT environmental protection. Given the regulatory burden, espoecially on the federal domain. many days it amazes me the industry even continues to try to produce domestically. PLENTY of disincentives. So, I categorically REJECT the idea that the industry is not operating responsibly.and I openly DEFY anyone to show me a single nation, with the possible exception of Canada on air rules, that either meets or exceeds U.S operational standards. Yesterday, I watched the latest installment of our President openly VILIFYING the oil & gas industry in an incoherent, misguided “screed” about purported “energy security.” Folks better wake up. If we continue down this path, we will be right behind the FIASCO unfoldding in Europe. Energy POVERTY is not a good plan. Start making the necessary adjustments at the ballot box next month…