During Biden’s campaign for the 46th president of the United States, in 2019, Joe promised that he would “end the fossil fuel industry” and did just that.
Similarly in 2020 on the Democrat primary debate stage, Biden promised to wage war on the American oil industry by terminating subsidies and drilling feasibility.
“No more subsidies for the fossil fuel industry,” Biden said. “No more drilling, including offshore. No ability for the oil industry to continue to drill, period,” Biden said of his energy policies if he won the presidency. “It ends.”
Biden did keep his promise by banning new oil and gas leasing on federal lands and ordering federal agencies to go green cancelling the Keystone pipeline on the first day of his presidency.
The result of Biden’s actions have caused gas prices to skyrocket from $2.54 when he took office to over $5.00 per gallon causing a hardship on many Americans.
Biden was very bold when he announced that he was signing the order terminating the fossil fuel industry, but why has he not taken responsibility for the outcome of his policies?
In May, Biden celebrated record-high gas prices, gushing that the pump pain was part of “an incredible transition” of the US economy away from fossil fuels.
He has blamed the rise in gas prices on Putin, the oil industry and now gas station owners, but this is part of his plan for the sake of climate change.
Asking foreign countries like Saudi Arabia and Venezuela for oil is a ridiculous move on Biden’s part, but typical of what his administration has done regarding other issues like the withdrawal of our troops from Afghanistan, opening the southern borders, inflation, etc.
May, 2022, 2,000 people (democrats, republicans & independents) were asked what their concerns were. 52% of all the people agreed that inflation is their major concern and 16% are concerned about climate change.
It is time for Joe to change his focus and make American first again, not last.
In the midst of gasoline pump prices reflecting 100%+ increase, Biden Tweets (@POTUS) on July 1, “My message to the companies running gas stations & setting prices at the pump is simple: this is a time of war and global peril. Bring down the prices you are charging at the pump to reflect the cost you’re paying for the product. And do it now”.
Here’s a few, major, contributors to the doubling of gasoline prices:
1. Lack of confidence by the petrol refinery industry. Biden’s EPA & IRS have been weaponized against the oil industry.
Mike Wirth, CEO of Chevron, says (June 22, 2022) he “doesn’t believe there will ever be another new, major oil refinery built in the U.S. Even if oil producers like Chevron increased their crude-oil production, there’s not enough refining capacity to meet the demand for petroleum products like gasoline, jet fuel, and diesel. In fact, many refineries have been shutting down as a result of Federal policies enacted since January of 2021.” That means prices will remain elevated even if oil companies pump more crude oil.
2. Rampant inflation. When the Federal Reserve printed over 40% of the world’s available U.S. dollar in ONE year (under Biden’s direction), prices of all consumer-demand products & services increased. Some, much greater than others… gasoline being the most recognized;
3. Biden’s EPA put into effect the “E15” fuel mandate (https://www.epa.gov/fuels-registration-reporting-and-compliance-help/e15-fuel-registration), which, enforces the requirement of refineries to purchase credits (as proof) from the EPA. These “credits”, known as Renewable Identification Numbers (RIN’s) are recovered at the pump in gas prices;
4. Futures market speculation. On July 1, 2022 Biden’s Interior Department’s, Deb Haaland, reinforced the 100% ban on America’s Atlantic & Pacific offshore oil & gas drilling. This will, only, limit the U.S.’s supply of ready-available energy and will increase future price via the, classic, economic supply-demand model. Furthermore, it will NOT impact a “Green” environment — fossil-derived fuels will continue to be used through oil imports.
It was 5 days-ago, Biden was blaming Putin for increased fuel prices. Now, it’s the gas station’s fault!
Yeah, Biden did that!
What other excuses or blame does Biden have to extol?