FJB announces we will pull 1 million barrels a day from strategic reserve...Gas jumped 30 cents. Just the other day he announced the largest one day pull and gas jumped another 30 cents. Supply and demand drives prices, but FJB has waged war on supply. Every policy change he has enacted from day 1 has had an effect. These 2 30 cent jumps were AFTER the cost of gas about doubled during his 1st year in office. I did a double take on Tuesday morning at 4.89 in SW WI on the way to work. It was 4.59 on Monday. He needs to go.
From Ted Cruz (like him or hate him, he's not wrong):
“The Biden administration's assault on oil and gas production began during his campaign when he pledged during the debate and I want you to look at what he said. He said quote, ‘No more drilling on federal lands. No more drilling including offshore. No ability for the oil industry to continue to drill. Period. Ends.”
“That's what he promised the American people and you know what? He delivered on that promise the first day in office - he cancelled the Keystone pipeline. The next week he halted all federal oil and gas lease sales, stopping development on the part of the economy that produces 24% of America's energy. On May 7, Biden's Interior Department announced plans prohibiting oil gas production on 30% of U.S. federal lands on June 1, but first Biden revoked leases on the North Slope of Alaska, totaling 16 billion barrels of oil in stranded production. On October 7, Biden eliminated Trump's permit streamlining regulations. On October 29, Biden's interior began using the quote, ‘social cost’ of carbon in permitting, which is a new kind of analysis never enacted by Congress designed to get to know and deny permits. And then on March 21, just a few weeks ago, Biden’s Security and Exchange Commission announced a new regulation aimed at reducing investment in oil and gas cutting off capital for drilling. Supply and demand has been how prices have been set from the dawn of time, supply and demand still operates. The Biden administration has waged a war on supply and prices have skyrocketed. This is not an accident. This is not Putin. This is Joe Biden and the Democrats in the Green New Deal and they're desperately looking for a political excuse to blame somebody else for the consequences of what they promised they would do to the American people.”