Tag

Gas

Browsing

(RepublicanWire.org) – Federal Reserve Chairman Jerome Powell on Wednesday appeared to contradict President Biden’s repeated insistence that Russia’s invasion of Ukraine was the primary driver behind inflation in the U.S.

During a Senate Banking Committee hearing, Sen. Bill Hagerty, R-Tenn., got Powell to admit that inflation was high well before Russia’s Feb. 24 invasion of Ukraine. 

Hagerty noted that in December 2021, inflation has risen to 7% – up from 1.4% in January 2021, when President Biden took office. Since Russian tanks rolled across the border of Ukraine, inflation has risen incrementally to its current level of 8.6%. 

With these statistics stated, Hagerty asked Powell if he believed the war in Ukraine was the “primary driver” of inflation as the Biden administration has tried to portray.

Hagerty noted that in December 2021, inflation has risen to 7% – up from 1.4% in January 2021, when President Biden took office. Since Russian tanks rolled across the border of Ukraine, inflation has risen incrementally to its current level of 8.6%. 

With these statistics stated, Hagerty asked Powell if he believed the war in Ukraine was the “primary driver” of inflation as the Biden administration has tried to portray.

“No inflation was high … certainly before the war in Ukraine broke out,” Powell said. 

“I’m glad to hear you say that. The Biden administration seems to be intent on deflecting blame,” Hagerty said, noting that as recently as Sunday, the administration “spread the misinformation that Putin’s invasion of Ukraine was the ‘biggest single driver of inflation.’” 

“I’m glad you agree with me that that is not the truth,” Hagerty told Powell. 

Energy Secretary Jennifer Granholm was asked about Powell’s comments, and her response was to stick to the original spin no matter what — even after being informed about what the Fed chairman said earlier:

Granholm said that “the only way out of the current energy crisis is to diversify fuel sources through clean energy.”

To deflect, Granholm list the cost of gas in other countries. However, at the other end of the spectrum, Venezuelans pay just $0.08 for a gallon of gas, the cheapest prices on the planet. Libya and Iran also pay less than a dollar per gallon of gas, with petrol costing $0.12 and $0.20, respectively.

Individual countries actually have some control over their gas prices via government policies. Since countries and gasoline retailers purchase gas on the open market, the biggest factor driving prices at the pump is the amount of taxes and fees that countries place on gas, or the amount that countries subsidize gas prices.

One of the reasons gasoline costs so much right now is, the Biden administration has waged a war on fossil fuel.  Biden’s unwillingness to reverse course on his administration’s commitment to put the American oil-and-gas industry out of business is at the consumer’s expense.

(RepublicsanWire.org) – Former President Barack Obama established three propane tanks at his Martha’s Vineyard property as he backs green measures amid spiking gas prices in the United States.

Obama turned to home storage to guard against increasing prices. National fuel prices set a record high of $5 per gallon as he backed environmentally friendly policies, alerting of the dangers of climate change.

“When it comes to climate change, time really is running out. Earth Day is a reminder that if we pledge to do our part and then follow through on those commitments, we can help preserve and protect our planet for future generations,” he tweeted on April 22.

Obama’s underground propane tanks, totaling 2,500 gallons of propane gas, were installed at the property for “residential purposes,” the office of the select board of Edgartown, Massachusetts, reported.

The cost of propane gas has been growing in the U.S., with estimates from last October indicating those who use propane to heat their homes would spend 54% more than in winter 2021.

The Biden administration has tried to divert the blame for the rising costs of gas to Russian President Vladimir Putin as well as oil companies. Press secretary Karine Jean-Pierre called for oil companies to do their “patriotic duty” and lower gas prices.

“We are calling on them to do the right thing, to be patriots here and not to use the war as an excuse or as a reason to not put out a production, to not do the capacity that is needed out there so that the prices can come down,” she said on Wednesday.

The White House has suspended drilling leases in Alaska, and Democrats have proposed to increase taxes on oil companies’ profits.

The office of the select board of Edgartown, Massachusetts, told The Daily Caller News Foundation that an application for an “underground propane installment was approved at the 79 Turkeyland Cove Road address,” the location of a property owned by former President Barack Obama. The tanks are to be used for “residential purposes,” the office told TheDCNF, and have a total capacity approved of “2,500 gallons which was broken into two 1,000 gallon tanks and one 500 gallon tank.” “We’ve never had a private propane tank come to us,” select board member Arthur Smadbeck told the MV Times.

For the average American household, propane gas is increasingly becoming more costly. Americans who use propane to heat their homes can expect to spend 54% more to run and keep their homes due to increased energy prices, according to the U.S. Energy Information Administration.

(RepublicanWire.org) – “People are really, really down,” Biden told the Associated Press in an interview on Thursday.

“Their need for mental health in America has skyrocketed because people have seen everything upset,” Biden said. “Everything they’ve counted on upset. But most of it’s the consequence of what happened, what happened as a consequence of the, the COVID crisis.”

Biden says America needs a mental health intervention. And he is dutifully following the first rule of politics: deny reality. Biden spoke of the warnings by some economists that a recession was on the way.

“First of all, it’s not inevitable,” he said. “Secondly, we’re in a stronger position than any nation in the world to overcome this inflation.”

As for the causes of inflation, Biden wont take the blame for that either, “If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I’m not being a wise guy,” he said.

The president’s statement appeared to be about inflation rising worldwide, not necessarily whether countries had higher rates than the U.S. Annual inflation in Japan, for example, has risen in recent months though it’s still at a yearly rate of 2.4%, according to the Organization for Economic Co-operation and Development.

Biden said he was still optimistic about the economy, given the 3.6 percent unemployment rate. But with interest rates rising — the largest increase since 1994 — unemployment will once again become an issue, along with inflation, and tightening credit.

About the only thing that’s missing from the 1970s is “malaise.” Oh, wait.

Yet Biden’s remedy is not that different from the diagnosis made by former President Jimmy Carter in 1979, when the U.S. economy was crippled by stagflation. Carter said then the U.S. was suffering from a “crisis of confidence” and “the erosion of our confidence in the future is threatening to destroy the social and the political fabric of America.”

The president said he wants to endow the U.S. with more verve, fortitude and courage.

“Be confident,” Biden said. “Because I am confident. We’re better positioned than any country in the world to own the second quarter of the 21st century.”

Brave words. Empty words, but brave. Sometime in the next decade, China will surpass America as the number one economy in the world. And the Chinese government has a lot more confidence in their Communist system than Biden and his woke advisors have about American capitalism. If you’re looking for a reason for America’s decline, that’s a good place to start.

The similarities between Joe Biden and Jimmy Carter are eerie. Both men had no faith in the genius of America — its capitalists, its workers, or its ability to compete. The people aren’t inspired by leaders who whine about how unfair the criticism is, or how circumstances beyond the president’s control are the real cause of our problems.

For Carter, it was the Arab oil embargo that was the proximate cause of our economic woes. He, too, blamed the American people for not being inspired by his very existence. In a way, Biden and Carter are pathetic historical figures, lashed by forces they don’t understand. And like Carter, Biden will exit history in disgrace, leaving behind a prostrate nation needing to be inspired.

(RepublicanWire.org) – Over half of American voters believe President Joe Biden is intentionally allowing gas prices to skyrocket in order for the people to use less fossil fuel, a Friday poll found.

A Trafalgar Group poll found that 53% of Americans believe the president is intentionally allowing prices to rise in order to make people rely on clean energy, according to the poll. Another 39% countered saying he is not doing so. Over half of Independent voters, 56%, agreed soaring gas prices are the president’s intention, while 37% disagreed.

Nearly one-quarter of Democrats, 24%, believe the president is intentionally allowing prices at the pump to rise, while 68% do not believe he is having any impact. The vast majority of Republicans, 77%, believe the administration wants gas prices to soar, while 12% disagree.

The poll surveyed 1,091 adults between May 25-29 with a 2.9% margin of error.

Republican Florida Sen. Marco Rubio told Fox News in May that Democrats “want” inflation and high gas prices to pursue their goal of Americans purchasing EVs.

“I think there are people in their party that actually like it,” he continued. “They’re not gonna say it because they don’t want to get crushed in the next election although I believe they will be. But they like the fact that there’s inflation and high prices. They believe the more expensive oil and gas gets, the more people are gonna buy electric cars. Well, not everyone can afford an electric car right now, we don’t have enough electric cars, and the batteries for those electric cars are made in China. Look, these guys, they want this.”

In a video, which is a clip from a March 2020 Democratic presidential primary debate between Biden and Sen. Bernie Sanders, Biden promises to drastically cut back domestic oil production.

In order to do so, Biden promised to attack the fossil fuel industry through the removal of numerous subsidies and permits.

“No more subsidies for the fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill,” Biden said during the debate.

“Period. It ends.”

And, predictably, with less fossil fuel production came higher gas prices.

On Thursday, the national average price for gas passed $5 a gallon, shattering previous record prices according to fuel savings company Gasbuddy.

“It’s been one kink after another this year, and worst of all, demand doesn’t seem to be responding to the surge in gas prices, meaning there is a high probability that prices could go even higher in the weeks ahead,” Gasbuddy lead petroleum analyst Patrick De Haan said.

Biden’s efforts to tamp down domestic oil production have had a massive impact as well. His administration’s willingness to print off incredible amounts of money is creating an inflationary crisis that hasn’t helped either.

If Biden truly wanted to correct these mistakes, he’d be opening up the drilling floodgates.

(RepublicanWire.org) – Trevor Noah, host of “The Daily Show,” headlined Saturday night’s White House Correspondents’ Dinner, after President Joe Biden gave his own remarks. Many of the jokes were true, as was also the case with the president’s remarks, specifically as he poked fun at himself with his low approval ratings. When it came time for Noah to reference how the American people are hurting from high costs across the board, Biden’s reaction really drew responses, for all the wrong reasons.

“I think ever since you came into office, things are really looking up, you know. Gas is up, rent is up, food is up, everything.” The camera panned to Biden’s reaction, which wasn’t a simple chuckle, but some hearty laughter.

The next day, on Sunday afternoon, Joe Biden’s personal account tweeted a pitiful attempt of trying to convince Americans that “I’m focused on doing everything I can to lower the cost of gas and energy and accelerate our transition to clean energy.”

The tweet once more prompted replies of that clip of the president laughing while the American people suffer under his administration and due to his policies. 

Worse for the president, a poll from The Washington Post-ABC News was released on Sunday morning, as it once more highlights how the American people largely disapprove of how he is handling these issues.

When it comes to how Biden is handling issues such as “the economy,” just 38 percent approve while 57 percent disapprove. On “inflation, that is rising prices,” he has just a 28 percent approval level, while 68 percent disapprove. 

(RepublicanWire.org) – Republican chief legal officers in more than a dozen states are urging President Joe Biden to reconsider his halting of the Keystone XL Pipeline and are criticizing the “hypocrisy” of the U.S. now potentially importing Canadian oil.

On his first day in office, Biden revoked the permit for a $9 billion pipeline designed to transport hundreds of thousands of oil barrels from Alberta, Canada, to the United States. Now, Montana Attorney General Austin Knudsen is leading the charge to reinstate it.

“We warned you then if your decision was not reversed, Americans would ‘suffer serious detrimental consequences,’ consumers would pay higher prices, and our allies would become further dependent on Russian and Middle Eastern oil.” 

Biden’s cancellation of the 1,200-mile pipeline reportedly killed thousands of jobs, and Republicans wrote to the administration in February demanding to know how many. Knudsen and 20 other Republican attorneys general filed a lawsuit last year against Biden alleging he exceeded his authority by nixing the pipeline.

The letter comes amid record-high gas prices and 40-year high inflation that has put a strain on American families. The Producer Price Index, an inflation measurement for wholesale producers, spiked 11.2% annually from March 2021 to March 2022. The Consumer Price Index, which tracks consumer inflation, reached its highest level in 41 years only a day before these numbers were released.

“We’re seeing 50 plus percent increases in the price of gasoline,” Knudsen stated. “I don’t care if you’re in Montana or if you’re in Virginia. Everybody bears that cost and that hurts. Fuel is what drives our economy and we have to be able to drive our vehicles. We have to be able to heat our homes.”

The Republicans say European countries are now “unable” to levy sanctions on Russia amid its invasion of Ukraine without risking an economic recession and blast the president for a potentially contradictory decision to now import oil from Canada. The letter notes that the pipeline would have provided the same oil.

TC Energy, the company overseeing the pipeline, filed a $15 billion trade claim against Biden last year seeking damages from the U.S. government. The formal request for arbitration was submitted under an alleged “breach” of the legacy North American Free Trade Agreement (NAFTA).

(RepublicanWire.org) – Secretary of Transportation Pete Buttigieg joined Joy Behar, Sara Haines, and Ana Navarro on ‘The View” this week to talk about Florida’s new “Parental Rights in Education” law — which he absurdly claimed “will kill kids” — before going on to add inflation and high gas prices to his list of Florida Governor Ron DeSantis’ faults.

“Your husband, Chasten, is a teacher and he’s been a vocal critic of what’s going on in my state of Florida when the, with the so-called ‘don’t say gay’ law, which he says will kill kids. Do you agree?” Navarro asked Buttigieg.

“Yeah, he’s right,” Buttigieg answered. “And I think every law to be judged for the effect it’s going to have on real people in real life, and I get the political reasons why they’re doing this. By the way, some of those political reasons (laughs), they don’t have a plan on anything else, right? I mean, they don’t have a plan on dealing with inflation or dealing with gas prices or dealing with the issues.”

Buttigieg’s bizarre claims immediately drew harsh criticism on Twitter.

(RepublicanWire.org) – White House press secretary Jen Psaki said Monday she hopes President Joe Biden doesn’t blame her for his low approval ratings.

“When Biden came into office last year, he was around 60% and even more, and now he’s around 40% and sometimes less.” Today News Africa correspondent Simon Ateba asked Psaki. “Who does he blame now: Putin, Trump, you — the communication team?”

“Oh, does he blame me? Oh, I don’t know,” Psaki said while laughing. “I hope not.”

“Look, I think that the president recognizes that the country is still grappling with a small number of challenges that impact people and their everyday lives, whether that is a continuing fight with a pandemic that has been going on for several years or the fact that costs are going up. Some of those are a result of the actions of President Putin — yes, as it relates to gas prices — but others are related to impacts of COVID-19 and impacts on the supply chain.”

“So, what our focus is and his focus continues to be: on solutions to address these challenges, and keeping our heads down and trying to continue to deliver for the American people,” she added.

A recently released NBC News Poll revealed Biden’s approval rating hit new lows amid the war in Ukraine and surging inflation. Among those polled, 40% approved of Biden’s handling of the presidency, with just 16% strongly approving. Thirty-eight percent of those polled blamed Biden for surging inflation.

The poll was conducted between March 18-22 among 1,000 adults, 790 of whom are registered voters. There was a 3.1% margin of error among respondents.

(RepublicanWire.org) – Any car-owning American who has taken a recent trip to the pump will be able to tell you one thing: Gas is expensive. Really expensive. Indeed, as of last week, a gallon costs $4.231 — up $1.379, from a year ago. (The same trend is true for natural gas.) The crisis has evidently lasted longer — and proved more economically serious — than the Biden administration suggested.

Curiously, the cabinet official best equipped to address it has remained completely mum on the issue. I’m referring to former New Mexico political activist, former member of the U.S. House of Representatives, and current secretary of the Department of the Interior, Deb Haaland.

Secretary Deb Haaland manages the federal government’s onshore subsurface mineral estate — about 700 million acres (30 percent of the United States) held by the Bureau of Land Management alone. There are, of course, additional oil and gas resources to be found on tribal lands, in the Alaska National Wildlife Refuge, and on the outer continental shelf.

According to the website operated by the Department of the Interior’s Bureau of Land Management, in fiscal year 2018 (which is unfortunately the most recent data available), sales of oil, natural gas, and natural-gas liquids produced from the federal and tribal mineral estate accounted for only a small fraction of total sales in the U.S. (8 percent of all oil, 9 percent of all natural gas, and 6 percent of all natural-gas liquids).

These numbers could be much higher. In the best of times, the federal government might be a more difficult partner for oil and gas companies than private landowners or even state land offices that have a much stronger financial incentive to approve permits than does Washington. Now, with the avowedly anti-fossil-fuels Biden administration and anti-oil-and-gas activist Deb Haaland in control of the Interior Department, the permitting situation is much worse.

And that’s the point of this critique. If the Biden administration really wanted to address rising gas prices, it could do so most readily by encouraging drilling on federal lands — especially on onshore resources in Deb Haaland’s home state of New Mexico.

Yet rather than pursuing that fairly simple solution, the administration would rather plead with such hostile nations as Venezuela and Iran to expand their production.

Whether it is Deb Haaland calling the shots within the administration on energy policy or whether she is just one of many decision-makers, the Biden administration’s embrace of anti-energy environmental groups and their policies appears to be the root cause. Not surprisingly, Haaland herself rose to some level of prominence by opposing traditional energy, calling for a fracking ban, and promoting the Green New Deal. “I am wholeheartedly against fracking and drilling on public lands,” Haaland said in an interview with the Guardian in May 2019.

Haaland is unlikely to moderate her views, even as skyrocketing energy prices have become a major problem. Instead, she avoids dealing with the issue entirely. Consider just a few examples:

  • The Interior Department and its associated agencies have not issued a single press release on the energy-crisis situation, much less about increasing production on federal lands.
  • There have been no tweets from Secretary Haaland on the issue of increasing energy production on federal lands.
  • When the secretary does focus on energy issues, as she did in a visit to Ohio, the focus is on infrastructure — cleaning up orphan wells, legacy pollution from extractive industries, and moving toward renewables.
  • Oddly, even Haaland’s calendar hasn’t been updated in nearly a year (since March 2021).

While the Interior Department and Deb Haaland have been completely missing in action during the ongoing energy crisis, Energy secretary Jennifer Granholm is at least publicly calling for ramping up production. Previously the White House was “quietly” calling for more production, but you can look far and wide for specific Biden-administration policies to increase supply. The best you’ll get is the recently announced release from the Strategic Petroleum Reserve.

Unfortunately for hard-pressed motorists and, more generally, American consumers being throttled by high inflation, the Department of Energy can’t really do anything directly to address America’s energy crisis. The department that can, though, is nowhere to be seen. Perhaps the administration simply doesn’t want Haaland front and center because she has such a long track record of opposing the very energy resources necessary to solve the current crisis.

Will Haaland come out of “hiding” to lead the charge on behalf of increasing American supplies of oil and gas? I’m not holding my breath. This administration remains more beholden to radical environmental groups than any in history. Prices may come down a bit if the war in Ukraine ends, but high gas prices and constrained American production are a feature, not a bug, for the Biden administration and its interior secretary.

(RepublicanWire.org) – Responding to an assertion from the White House that oil companies are simply refusing to drill despite having the leases to do so, oil workers said that there isn’t any oil in the locations permitted by the White House.

Laid-off Keystone XL pipeline workers are blaming U.S. President Joe Biden for causing the country’s growing energy crisis.

The workers, who lost their jobs after Biden cancelled construction of the Keystone XL pipeline immediately after taking office, say that the U.S. is in “deep trouble” if the president’s energy policies continue to inhibit the oil and gas industry.

As Rebel News previously detailed, Biden’s move to cancel the Keystone XL pipeline on his first day in office was followed up by the imposition of new environmental regulations and the administration’s refusal to issue new drilling permits, an environmentalist policy that has come under intense scrutiny as gas prices soar.

Rather than accepting responsibility for his policy failures, Biden has attempted to pass the buck to Russian President Vladimir Putin over the war in Ukraine. The United States, alongside its European allies, have sanctioned Russia over the ongoing conflict which has now entered its third week.

“They’re gonna go up,” Biden said last week when asked in Texas about the surging price of gas. Asked if he had a plan to fix the problem, Biden told reporters, “I can’t do much right now. Russia’s responsible.”

Speaking to Fox News, Neal Crabtree, a laid-off Keystone XL worker, said that Biden’s liberal policies are causing the surge in gas prices.

“As long as Biden is using this policy of any-way-but-an-American-way, we’re in for some deep trouble,” he said.

“The thing about the Keystone is the workforce is ready to go. We can build this thing,” Crabtree explained to Fox & Friends. “We can have this thing up and going in about eight months.”

His remarks were echoed by Sen. Josh Hawley (R-MO), who wrote, “While Biden ramped down America’s energy production, destroying blue-collar jobs and livelihoods along the way, Putin ramped up.”

“We should be able to sustain ourselves and not depend on other nations raising their price and then affect us. That shouldn’t even be in the question,” said another worker who spoke to Fox News this past weekend.

The workers told the station that the only way to get the price of gas down was to put the thousands of laid off Keystone XL workers back to work.

“He’s pushing for solar and wind power, but it’s been proven over and over, that’s just not as efficient as burning natural gas, refining crude,” said a laid off oil worker. “We are sick of hearing, ‘This is Putin’s price hike.’”

In regard to White House Press Secretary Jen Psaki’s claims that oil companies are simply refusing to drill despite having the leases to do so, oil workers said that there isn’t any oil in the locations permitted by the White House.

“If there was oil there, the gas companies would already be drilling it and they would already be producing it. And it’s a lie,” said a worker.