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Yellen: ‘Virtually impossible for us to insulate ourselves’ from soaring gas prices
The hill ^ | 06/07/2022 | Tobias Burns

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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: drillbabydrill; gas; prices; virtually; yellen; yellencorrupt; yellenlies
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To: jeffersondem

We may not even make it that far. The possibility of a full-scale insurrection by the populace could very well happen.


41 posted on 06/07/2022 1:10:23 PM PDT by RayChuang88 (FairTax: America's Economic Cure)
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To: ChicagoConservative27

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.


42 posted on 06/07/2022 1:46:26 PM PDT by TexasFreeper2009
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To: ChicagoConservative27

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......


43 posted on 06/07/2022 2:10:07 PM PDT by ridesthemiles
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To: ChicagoConservative27

Forget everything you remember from 2017-2021. Forget…forget…


44 posted on 06/07/2022 2:10:34 PM PDT by mikey_hates_everything
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To: ChicagoConservative27

“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.


45 posted on 06/07/2022 2:17:54 PM PDT by CaptainPhilFan ( )
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To: mountainlion
Drill? Well that would take years before it would have any affect...
46 posted on 06/07/2022 2:19:59 PM PDT by fhayek
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Of course it is…


47 posted on 06/07/2022 2:41:03 PM PDT by TnTnTn
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To: ChicagoConservative27
Treasury Secretary Janet Yellen, aka Baby Seal.


48 posted on 06/07/2022 2:48:59 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: ChicagoConservative27

Blame shifting, as usual.


49 posted on 06/07/2022 3:15:59 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith….)
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To: ChicagoConservative27
Yes we can insulate against rising fuel prices...

Just do what StabUsNow did, buy an EV!!! 🤓

50 posted on 06/07/2022 4:06:12 PM PDT by Deplorable American1776 (I'm the one trying to save American Democracy...Donald Trump 6/21 at the NCGOP convention! )
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To: ChicagoConservative27

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.


51 posted on 06/07/2022 4:16:37 PM PDT by BobL (My hatred of Necons/Globalists exceeds my love of Ukraine or any other country, other than the US)
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To: ChicagoConservative27
Yellen: ‘Virtually impossible for us to insulate ourselves’ from soaring gas prices

Wrong.

Start drilling again, and stop with the Anti-Oil policies.

52 posted on 06/07/2022 4:18:25 PM PDT by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: Lazamataz

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.


53 posted on 06/07/2022 4:33:06 PM PDT by Rustybucket ( )
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To: fhayek
Open up the regulations to allow drilling, unleash the industry form demonicrat dictators. There are enough wells shut down to fuel the world. We need some new refineries also.
54 posted on 06/07/2022 4:38:17 PM PDT by mountainlion (Live well for those that did not make it back.)
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To: mountainlion

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,


55 posted on 06/07/2022 5:04:55 PM PDT by fhayek
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To: ChicagoConservative27

Typical of politicians everywhere!
Blnk
56 posted on 06/07/2022 10:35:55 PM PDT by minnesota_bound (Need more money to buy everything now)
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