The Biden administration knows what they are doing, and knows that the policies they are putting in place will cause gas prices to further increase.
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INTRO. With the keystone pipeline being canceled, along with countless oil leases across the united states also being canceled it was inevitable that the gasoline prices would go up. Now add inflation to the mix, and we have the components for a Rocket Ship of price increases.
SOURCE 1. Daily caller writes. As an economist told Fox Business host Neil Cavuto during a Thursday appearance, President Joe Biden must “allow energy producers to do what they do,” otherwise things will only get worse.
In the aftermath of Hurricane Ian, Biden threatened oil companies with a federal investigation if they engaged in “price gouging.” AAA reports that gas prices have increased by 99 cents since September 2021. Many experts believe Biden’s opposition to fossil fuel production has contributed to the increase in energy prices. A permit for the Keystone XL pipeline was revoked by the Biden administration in January 2021, an offshore lease sale was canceled in May, and a court ban on oil and gas lease sales was upheld in June.
Rising gasoline costs come when Department of Transportation Secretary Buttigieg stated he plans to ban gasoline cars.
Next News Network reported. A new California ban on new gas-powered cars is being considered by the Biden administration, and Transportation Secretary Pete Buttigieg indicated that he is “interested” in the proposal.
The California Air Resources Board issued new rules last month that require 35% of new vehicles to produce zero emissions by 2026, and 100% by 2035. According to Buttigieg, effective climate change mitigation requires a rapid transition to electric cars.
New benchmarks were announced days before California asked residents to lower energy usage during peak hours to avoid a power grid failure. Citizens were also asked not to charge electric vehicles. Leaders in policy and industry, including Tesla CEO Elon Musk, have warned against rushing to adopt renewable energy solutions.
It seems that Biden knows that the canceled gas leases and policies he has put into place are causing gasoline prices to skyrocket. But he has stated openly that he wants to end the oil industry. Appears that all of our pains in the pocketbook are according to Biden’s plan.
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