Wednesday, December 01, 2021

Joe Biden's Dirty Little Secret: He Wants Higher Gasoline Prices

When he announced last week that he would release more oil from the American Strategic Petroleum Reserve, President Joe Biden told the American people he is doing everything possible to bring down gas prices at the pump.

That's a lie. This administration and the climate change crazies have declared war on American energy.

They want high oil and gas prices. The Biden master plan is for American oil and gas production and consumption to go to zero over the next 15 to 20 years. How do you achieve that goal? By making oil and gas so expensive and so unavailable that Americans are forced to use alternatives.

In other words, the fact that gasoline is roughly $1.25 more expensive per gallon today under Biden than it was a year ago under former President Donald Trump didn't happen by accident. This was not a result of a natural disaster, such as a hurricane, that could knock out our oil facilities. This was by design.

The left believes that they can change the temperature of the planet by forcing American energy companies to produce less oil and to force Americans to use less of it. How do you get people to buy less of something? You raise its price. This is basic high-school introductory economics.

Some on the Biden team have inadvertently admitted this. Cornell University professor Saule Omarova, a high-ranking Biden nominee for one of the country's leading regulatory agencies, said she wants to "bankrupt" U.S. oil, gas and coal companies -- and apparently has no problem putting roughly five million Americans into unemployment lines. Biden's appointee to be vice chairman of the Federal Reserve Board, Lael Brainard, was asked at a congressional hearing recently if she thought high gas prices were a problem. She hemmed and hawed and refused to answer with a simple "yes." Instead, she explained that this is a "complicated" issue. How is this complicated?

U.S. oil production is down roughly two million barrels a day from the peak production under Trump prior to COVID, yet Biden recently blamed high oil prices on the Saudis and the OPEC nations for holding back supply. Hello! That is exactly what cartels do. They use their market power to jack up the prices so they can maximize their profits.

Trump broke the back of OPEC by making the U.S. the dominant energy-producing nation in the world. Biden has handed back that power to the Arab oil sheikhs and Vladimir Putin in Russia. Now they are gouging us. What a shock!

Texas Gov. Greg Abbott said it well in August that Texas "can easily produce that oil" if Biden "will just stay out of the way."

He won't.

The Biden administration's strategy is to force-feed the American economy expensive, unreliable and made-in-China wind and solar energy. His $3 trillion Build Back Better bill would dole out more than $500 billion of taxpayer dollars to the wind, solar and electric vehicle industry to break the back of oil and gas production. If this energy source is so efficient, why does it need a half-trillion dollars of your and my money?

Meanwhile, nearly every Biden policy has been deliberately aimed at killing U.S. oil and gas production -- from killing the Keystone XL pipeline to trying to shut down other existing natural gas pipelines in the Midwest (Home heating costs are going way up this winter.) to shutting down much of Alaska oil production to new Environmental Protection Agency rules making it very difficult and expensive to drill here in America. He is also preventing the mining of American coal, which is still one of the dominant sources of electric power around the world. He also wants to raise taxes on the oil and gas industry.

Now, let's be honest. Do any of these policies suggest that Biden and his liberal friends in the green-energy movement want to keep oil and gas prices low? If you answer yes to that, you probably believe that Al Gore invented the internet.


Buttigieg Tries to Make Families Feel Better About Gas Prices By Offering an Unaffordable Alternative

As the Biden Administration continues to push American families into alternative energy sources by maintaining pain at the pump, Transportation Secretary Pete Buttigieg is attempting to explain away high gas prices.

During an interview with MSNBC over the weekend, Buttigieg reassured Americans they won't have to worry about an increase in gas prices ever again, so long as they buy an electric vehicle.

"Families who own that vehicle will never have to worry about gas prices again," Buttigieg said. "The people who stand to benefit most from owning an EV are often rural residents who have the most distances to drive, who burn the most gas, and underserved urban residents in areas where there are higher gas prices and lower income."

"They would gain the most by having that vehicle. These are the very residents who have not always been connected to electric vehicles that are viewed as kind of a luxury item," he continued."If we can make the electric vehicle less expensive for everybody, more people can take advantage, and we'll be selling more American-made EVs, which means in time they'll become less expensive to make and to buy for everybody."

Rural residents who need to drive long distances are the worst candidates for electric vehicles, which only charge for a certain number of miles. Outside of major cities, electric charging stations don't exist.

According to Cox Automotive, the average electric vehicle costs at least $55,000. President Biden has embraced the Green New Deal plan to eliminate most oil and gas use by 2030


Ending gas financing for Africa will be a fatal blow, says Senegal

Plans by some nations to end the financing of gas exploration will prove a "fatal cost" for several emerging African economies, Senegal President Macky Sall said at the start of theChina-Africa Summit in Dakar on Monday.

Senegal, like several other African countries, is sitting on billions of cubic metres of gas reserves and is expected to become a major gas producer in the region which will not only boost power supply but potentially spur double-digit economic growth from 2023.

"A few days after the end of COP26, I must also draw the attention to the decision taken by certain countries to stop foreign financing of fossil fuels, including the gas sector, even as the use of other more polluting energy sources continues," Sall told the summit, referring to this month's climate conference in Glasgow.

"At a time when several African countries are preparing to exploit their significant gas resources, the end of funding for the gas sector, under the pretext that gas is a fossil energy, would bear a fatal cost to our emerging economies," Sall said.

He urged African countries to work together to maintain financing for gas as a transitional energy, adding that blocking funding will add to the climate injustice Africa is already suffering.


Yippee! Power crisis forces China to buy Aussie coal for first time in a YEAR

Crippling power shortages in China have forced the communist regime to back down from their ban on Australian coal.

Beijing blocked the commodity in November last to punish Canberra for suggesting and international inquiry should be held into the origins of the Covid-19 pandemic.

The Chinese campaign of economic coercion - which also saw similar bans on key export sectors like barley, wine, cotton, seafood, timbre and copper - was meant to punish Australia for speaking out.

But the economic threat spectacularly back-fired on the authoritarian nation leaving China with widespread blackouts heading into winter, as it generates more than half of it's electricity through coal.

Tough-talking Wolf Warrior diplomats quietly softened their stance with tens-of-millions shivering and in the dark - allowing in 2.8 million tonnes of Australian coal in last month.

Commonwealth Bank Global Markets Research analyst Vivek Dhar on Tuesday said it 'looks to be a pragmatic move by Chinese policymakers'.

'Australian coal that was sitting at port stockpiles were cleared by Chinese customs last month to address an acute shortage in China's coal and power sector,' he said.

As well as being a concern for residents, financial firm Goldman Sachs estimated about 44 per cent of industrial activity was affected by power shortages.

The Chinese economy was hit with a perfect storm that compounded the energy crisis after it blocked dozens of coal ship from entering Chinese ports, leaving sailors stranded for months.

President Xi Jinping recently imposed price caps and restrictions on energy suppliers just before the cost of coal skyrocketed.

Metallurgical coal jumped from about $100 a tonne when the ban was introduced to $274 a tonne in October.

'Every million tonnes of coal has recently been costing China's steel mills more than US$400 million, compared with around US$250 million paid by steel mills everywhere else,' David Uren wrote last month in a paper for the Australian Strategic Policy Institute.

'The difference is entirely explained by China's embargo on Australian coal.

'Since China's mills use almost two million tonnes of coal every day, the premium it pays above coal costs in the rest of the world adds up to about US$2 billion a week.'




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