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It’s Not Putin, This Is Biden’s Price Hike, Even If The White House Continues To Blame Russia For Its Own By Michael Robison
It’s Not Putin, This Is Biden’s Price Hike, Even If The White House Continues To Blame Russia For Its Own
By Michael Robison
https://rayviolet.blogspot.com/2022/06/its-not-putin-this-is-bidens-price-hike.html
As late as Friday, during a speech at the Los Angeles Port Authority, President Biden continued to blame Russian President Vladimir Putin for the record-setting surge in gas prices impacting the nation, a worn-out tactic by the White House to shift the blame for the insane prices.
However, nothing could be further from the truth.
Yes, we know that oil companies set the price of gasoline. But, thanks to the ongoing climate change initiatives, the closing of oil pipelines, the reductions of land by Biden for drilling, and the canceling of oil and gas leases, Washington has done more than enough to create an inflationary pressure on the cost of fuel.
Let’s look a bit closer. In April, the Biden Administration announced a revised plan to reduce the land available for oil and gas by about 80% while raising royalty rates for the land amidst rising energy costs.
The Department of Interior (DOI) announced on April 18 its efforts to reform the federal oil and gas leasing program. The move significantly reduced the amount of land available for drillers.
The Bureau of Land Management (BLM) will proceed with operating oil and gas drilling lease sales on roughly 144,000 acres of federal lands. According to the DOI, this reduction of 80% is a significant change in the amount previously designated.
The administration hasn’t conducted an onshore lease sale since January 2021. They have delayed the program on numerous occasions.+++
https://rayviolet.blogspot.com/2022/06/its-not-putin-this-is-bidens-price-hike.html
By Michael Robison
https://rayviolet.blogspot.com/2022/06/its-not-putin-this-is-bidens-price-hike.html
As late as Friday, during a speech at the Los Angeles Port Authority, President Biden continued to blame Russian President Vladimir Putin for the record-setting surge in gas prices impacting the nation, a worn-out tactic by the White House to shift the blame for the insane prices.
However, nothing could be further from the truth.
Yes, we know that oil companies set the price of gasoline. But, thanks to the ongoing climate change initiatives, the closing of oil pipelines, the reductions of land by Biden for drilling, and the canceling of oil and gas leases, Washington has done more than enough to create an inflationary pressure on the cost of fuel.
Let’s look a bit closer. In April, the Biden Administration announced a revised plan to reduce the land available for oil and gas by about 80% while raising royalty rates for the land amidst rising energy costs.
The Department of Interior (DOI) announced on April 18 its efforts to reform the federal oil and gas leasing program. The move significantly reduced the amount of land available for drillers.
The Bureau of Land Management (BLM) will proceed with operating oil and gas drilling lease sales on roughly 144,000 acres of federal lands. According to the DOI, this reduction of 80% is a significant change in the amount previously designated.
The administration hasn’t conducted an onshore lease sale since January 2021. They have delayed the program on numerous occasions.+++
https://rayviolet.blogspot.com/2022/06/its-not-putin-this-is-bidens-price-hike.html
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