March 14, 2022
SOME Biden defenders are challenging his effect on energy costs. Some facts:
Gas was soaring way back in Dec. He released 50 million barrels (a drop
in the ocean) from our Strategic Reserve - long before Russia. In Nov.
he passed new regulations governing methane emissions from oil and gas
production, transmission, storage, and distribution that would cost
more than $10 billion a year. Biden’s first action after taking office
was to halt new oil and gas leases on federal lands and waters. The
administration canceled the Keystone XL pipeline and suspended oil and
gas leases in the Arctic National Wildlife Refuge and New Mexico
(despite opposition from the Navajo Nation). He also resurrected the
"Waters of the United States†rule, which increased barriers to energy
projects. In April 2021, without the consent of Congress, Biden
rejoined the Paris agreement, which will result in onerous new
regulations that raise energy costs; and exempts China, Asia, India and
Africa, the biggest polluters. Biden forced every U.S. state to develop
state carbon-reductio
Tim adds:
He also pressured the banks to refuse loans to oil companies to defund them. And he said we would ban gas-powered cars by the end of the decade, which was guaranteed to get investors out of the oil and gas market. He further angered the Saudis over the murder of Kashoggi, and also by reinvigorating the Iran nuclear deal, so they are content to allow the prices of oil to rise. And while Biden's administration has approved some leases (he was ordered by the courts to do so) he has done it in a way to prevent any drilling. It generally requires a number of permits to open a new well, and Biden will approve just one and keep the projects held up. He also refused permits to a new refinery, the first one to be built in years. And don't get me started on coal! Or nuclear.
Posted by: Timothy Birdnow at
09:10 AM
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Post contains 445 words, total size 3 kb.
Posted by: Dana Mathewson at March 14, 2022 10:34 PM (aTfFy)
Posted by: Mike at March 15, 2022 12:45 AM (uvpeF)
Posted by: Timothy Birdnow at March 15, 2022 08:11 AM (j7XHm)
It's just proof that liberals NEVER think things all the way through.
Posted by: Dana Mathewson at March 15, 2022 09:52 PM (FSK6u)
Look at how it was done in Europe to create the E.U.; that is the template. France tied Germany's economy to them through a series of treaties and economic partnerships. There hasn't been a European war since - but at what cost? There isn't really a France or Germany anymore either.
Posted by: Timothy Birdnow at March 16, 2022 07:51 AM (vEoY4)
Posted by: Fake Watches at August 28, 2023 02:11 AM (OAWTR)
Posted by: Fake Watches at August 28, 2023 02:11 AM (OAWTR)
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