We know by now that Biden has no intention of fixing this energy crisis. It was his administration that pushed rules that got us here in the first place. He promised during the 2020 Election to shut down the oil industry. Any claims that he is trying to make things better is a lie.
In fact, any of the “solutions” his administration has put forward has only made the problem worse. He depleted our strategic oil reserve (which brought down prices by a few pennies), only to buy up gas immediately afterward—reducing supply and raising prices. He authorized more ethanol in our gas—which is the equivalent of watering it down.
And now, his energy advisor is suggesting another move that will bankrupt oil companies.
Energy Secretary Jennifer Granholm said the administration hasn’t ruled out a petroleum export ban Tuesday, an apparent reversal of its previous position on the policy…
“I can confirm the president is not taking any tools off the table,” Granholm remarked Tuesday during a visit to Louisiana, Reuters reported…
However, market analyses of the 1975 federal oil export ban, which was repealed in 2015, suggested the policy had a negligible impact on prices and, sometimes, led to higher domestic energy prices. Allowing oil exports incentivizes domestic production, ensures global market stability and boosts the U.S. economy, according to multiple studies. [Source: Daily Caller]
As usual, Biden and the idiots who run his administration are making the very worse decisions. They might impose an oil export ban, which would prevent American oil companies from selling their product to other countries. This, to a child, would mean more oil available to Americans. But the result will be just the opposite.
The reason gas prices (and electricity prices) are so high is because Biden is hammering energy companies with heavy regulations and fines. Companies are also denied drilling on federal land, a major source of natural resources. Banning oil exports would be even fewer profits for these companies, who would be forced to further reduce how much oil they process.
Which, of course, would lead to even higher prices.
But that is Biden’s goal anyway. He is in no way intending to make this problem easier for everyday Americans. He wants gas to get as high as it can go, to punish Americans for driving traditional cars. In his warped, tiny mind that will force all of us to buy Teslas. In reality, it only makes lobbyists, environmentalists, and foreign oil providers richer.
And Americans even poorer.
Author: Jim Stone
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