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Gas and Oil: Anywhere But Here

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Posted By: Dreadnought, 3/7/2022 10:48:21 PM

The Biden administration’s energy policies could not possibly be less coherent. The administration, from its first day in office, moved aggressively to suppress fossil fuel production in the U.S. The inevitable result has been a sharp rise in the prices of oil and gas. Having caused the problem, the administration has now set out to remedy it by buying gas and oil wherever it can be found–from Russia, notwithstanding the Ukraine invasion; from Saudi Arabia; and most recently from Venezuela. Via InstaPundit, Bryan Dean White sums up succinctly: And the Babylon Bee has a modest proposal that makes sense in the bizarre world of Joe Biden: “Biden Sells Alaska Back To Russia

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Reply 1 - Posted by: terrywhite 3/8/2022 6:28:40 AM (No. 1093322)
Biden's energy policy, like any of his policies, has no coherence because it is not based on any rationale except to vindictively reverse any policy put in place by Trump.
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Reply 2 - Posted by: homefry 3/8/2022 7:53:39 AM (No. 1093403)
My wife and I have a small retirement account where all our various, modest savings are. We have a person with a large company who handles it for us, making investments and such. I told him right before the election, if quid pro joe wins, invest in foreign oil and gold. If Trump wins, roll the dice. He talked me into holding the course he had us on. Now there is talk of 200 dollar barrels of oil and gold is up to what? 2000 an ounce?
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Reply 3 - Posted by: jeffkinnh 3/8/2022 8:25:57 AM (No. 1093438)
"70% of likely voters want “the U.S. government [to] encourage increased oil and gas production to reduce America’s dependence on foreign sources of oil and gas,”" Americans have always supported environmentalism when NO COST is attached to it. As soon as you add a personal cost, support for such policies quickly falls away. Republicans should point out that the costs for DEMOCRAT policy are not just at the pump and home heating. All businesses are paying more for energy and it bumps up their prices, creating the huge inflation we are experiencing. Rational people expected this outcome. Fools that vote for dems have been clueless. Now some of them are truly "woke". Consider that the ~20% that support the current policies are the rabid dem core that has forced those policies into place. This is the tail wagging the dog. Consider also that the Presidency has been controlling things such as the Keystone XL pipeline. It's construction was examined and approved by several agencies. BO blocked it. Trump OKed it. Biden blocked it again. Barring immediately imminent and significant problems, the president should NOT have this level of control. Once regulatory review is done, such projects should proceed without such whimsical interference.
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