Posted on 05/15/2022 7:11:44 AM PDT by E. Pluribus Unum
Americans are struggling under the weight of crippling inflation, from skyrocketing gas prices to exorbitant grocery bills. And even if few Americans thought the Biden Administration had a plan to combat these things—especially considering the fact that their spending and regulatory problems directly created them—I’m betting most Americans didn’t think the President would take obvious actions to immediately make things worse either.
Yet, that is what he did this week, canceling one of the most important oil and gas leases at the country’s disposal in the middle of the night. This action will halt the potential to drill for oil in over 1 million acres on the Cook Inlet in Alaska, marking a devastating loss for those trying to increase the oil supply in the country.
A top official with the American Petroleum Institute, the country’s largest oil and gas trade association, called the cancellation of the Cook Inlet lease “another example of the administration’s lack of commitment to oil and gas development in the US.”
According to The Hill, “canceling the sale would be in keeping with political promises President Joe Biden made in the name of halting global warming.”
Not only did the Biden Administration cut this lease, they also stopped two other pending leases in the Gulf of Mexico claiming there were “conflicting court rulings that impacted work on these proposed lease sales.”
This is a problem of basic Econ 101. High prices clearly demonstrate the country needs more oil and gas. But instead of opening up the supply chain, the Biden Administration continues to restrict it in numerous ways—proxy wars in Russia, trade wars, and now canceling leases that would allow us to develop our own resources.
(Excerpt) Read more at conservativedailynews.com ...
Dems have no idea how oil affects prices.
Not according to Psaki and Biden himself - it’s Putin’s fault that gas is at record-breaking prices.
And the media dutifully reported such.
Biden doesn’t even know “he” did this.
Lame duck presidents are free of consequence. Brain dead puppet presidents even more so.
Gas ⛽ is up again.
Higher food prices, higher gas prices and war.
Thanks, Democrats. Thanks a lot.
The war on fossil fuels, waged by fervent lunatic ideologues who have real power, will cause famine and spark horrific hunger wars. Stolen elections matter.
The Evil Big Oil Companies are gouging us by charging money for oil products.
If we broke them up into small local oil companies, like Bob's Local Oil and Fishbait Company, we could get gasoline for free.
He’s lucky, in that, many in the worse (and growing) areas of the country do not drive.
If we buy the crap the Rats are selling, we’ll keep getting more crap.
Obozo was president last time gas was above $4. BiDung was Veep. Now BiDung is prez, gas above $4. No Coincidence, it’s a plan.
Went to the grocery store today. Came back and listened to this.
https://m.youtube.com/watch?v=0-ZNopIJG4M&noapp=1
Ry Cooder
Biden Administration knows you have to bring a nation down to it’s lowest point before you can change all the rules.
Stalin winks
Bump
it could be worse. there could be mean tweets
Here in OK gas is 3.99.....
It’s amazing to watch the destruction of the economy take place, and heart breaking. All it took was a stolen election, willing accomplices in the media, and a brain dead occupier in the WH who single handily reversed everything Trump did to make American Great Again.
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