Brandon needs to consult with AOC on economic matters. She'll sort this out in no time.
Posted on 10/13/2021 11:53:23 AM PDT by karpov
The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter.
Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel costs are expected to surge, according to the U.S. Energy Department. Oil-and-gas production remains below the nation’s peak reached in 2019.
“We are closely monitoring the cost of oil and the cost of gas Americans are paying at the pump. And we are using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets,” a White House official said.
Press Secretary Jen Psaki said Wednesday that she is not aware of any contact with oil and gas companies “around this particular issue.”
U.S. crude oil recently hit $80 a barrel for the first time in seven years, as the Organization of the Petroleum Exporting Countries and their allies known as OPEC+ restrict output. The White House has discussed rising prices with top OPEC producer Saudi Arabia in recent weeks.
The average retail price of a gallon of gasoline has risen to $3.29, according to AAA figures. The U.S. Energy Department said on Wednesday that household heating costs are expected to rise dramatically this winter for all fuels, but particularly for heating oil and propane. [nL1N2R916Z]
U.S. oil production has been slow to rebound from 2020, when output dropped during the coronavirus outbreak.
(Excerpt) Read more at reuters.com ...
"On Monday energy companies scrapped a 116-mile pipeline to deliver gas from Pennsylvania to New Jersey due to regulatory obstructions. Pipeline blockades by Democratic states in the Northeast have depressed gas prices and investment in the Marcellus shale in Pennsylvania. One ironic result is that, with gas in short supply, New York and New Jersey may wind up burning more oil for electricity this winter.
Meantime, permits issued by the Interior Department for drilling on federal land declined to 171 in August from 671 in April. Democrats’ $3.5 trillion-plus spending bill includes royalty and fee increases that would make U.S. oil and gas producers globally uncompetitive. Less U.S. production will make global oil and gas prices higher for longer than necessary."
Maybe open ANWR back up, or build a pipeline from Canada, or promote more fracking.
Cost is driven by Supply and Demand. The Democrats have curtailed our supply, so ...
and when the oil companies refuse to cooperate... the admin will come down harder, saying see, they are heartless.
Joe talking through his hat...
Maybe they could start by not taxing the sh** out of the gas at the pump! These companies make a minimal amount of money compared to the state and the fed.
“Oil and Gas Companies ask White House for more pipeline permits and federal gas and oil exploration lease permits.”
How can Energy Companies lower prices, as supply decreases and production costs are artificially increased? By losing money, and going out of business! This is about as in depth as any energy policy thinking goes in the Biden Administration, which is to say, stupid.
What a bunch of IGNORNANT BULLSHIT!
You drove up the cost and everyone knows it. You dumbass and our whole dumbass administration!
The “Biden Administration’s” unbelievable hypocrisy continues.
They just cannot stop lying can they? The 16 anti domestic fuel production EOs Bugout Biden signed on his 1st day had nothing at all to do with it apparently
WE WERE ENERGY INDEPENDENT. NEED I SAY MORE?
I guess they want them to give it away.
Totally clueless how oil and coal are managed and priced.
Biden and his commies are in so much trouble.
Oh brother.
Yet another manifestation of gropey joe the pedo’s insanity.
Brandon needs to consult with AOC on economic matters. She'll sort this out in no time.
Well Duh, last year he was going to throw them in jail.
Grill the eeevil oil companies in front of Congress!! I wanna see heads on pikes!! Makes my blood boil how these eeeevil mofos are making billions while we’re rubbing sticks together for fuel!!
< /S >
LET'S GO BRANDON!
The libs are going to force us to use less fossil fuels so they can save the planet through your pain.
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