Posted on 06/07/2022 12:28:31 PM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen said American consumers will be at the mercy of oil companies this summer, as crude oil is expected to reach $160 a barrel, according to an analysis released Monday by Goldman Sachs.
Speaking to the Senate Finance Committee on Tuesday, Yellen took heat from both Republicans and Democrats for inflation that’s near 40-year highs, with gasoline prices up almost 50 percent over the last year.
In May, a gallon of gas cost more than $4.50, according to a national average compiled by the U.S. Energy Information Administration. It’s now at $4.86 a gallon, up 25 cents in just one week.
(Excerpt) Read more at thehill.com ...
We may not even make it that far. The possibility of a full-scale insurrection by the populace could very well happen.
what?
she acts like this is an accident!
BIDEN and the liberals WANTED THIS!!!
they SAID that wanted gas prices to go through the roof to force people to adopt electric!!!
If Trump were president, he could fix the oil problem almost immediately. Liberals don’t want to fix it.
Does ANYONE in this administration even KNOW WHERE GASOLINE COMES FROM??????
How the raw materials are found?
How they are recovered for use??
How the PIPELINES are CRUCIAL to having gasoline?
How a ‘refinery’ works ??
What other products result from the products of a REFINERY???
MONUMENTAL STUPIDITY is in charge of the most important things......
Forget everything you remember from 2017-2021. Forget…forget…
“Virtually impossible”, sure.
But get the damned oil drills back on line and stop canceling oil field contracts and get America’s oil refineries back to maximun output and it will be ACTUALLY POSSIBLE to have energy independence and affordable energy.
Saint Bath House of Man’s Country Part III will destroy us.
ALL of this is on purpose.
Of course it is…
Blame shifting, as usual.
Just do what StabUsNow did, buy an EV!!! 🤓
Americans are simply too dumb to understand that going broke to fill up our cars is how we STICK IT TO PUTIN.
Luckily we have smarter people in DC, running the country.
Wrong.
Start drilling again, and stop with the Anti-Oil policies.
To accomplish this we must impeach OBiden, eliminating him and Kamala Harris from office, falling back to his election Rival and VP to take the role.
After defense, perhaps, the primary focus of our national government should be energy independence. If ANY president ties our hand with respect to energy self-sufficency, they should be drawn and quartered. We should be beholding to no one for our energy needs. Talk about being vulnerable. If we can do it with unicorn farts, fine, but that day is not here now. Until then, petroleum, coal, nuclear, whatever. Take over Venezuela, if need be. The United States should go hat in hand to nobody. Rush was right, oil is the life blood of our democracy,
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