February 27, 2022
High gas prices? Yep, Biden really did that
By Silvio Canto, Jr.
We've seen lots of cartoons with the caption "I did that," a reference to President Biden causing higher gasoline prices.
Guess what! He really did that. It's not political hyperbole. He did it, and it all started the first week of his presidency. Let's go on Memory Lane with this editorial on Tipp Insights:
On January 27, 2021, seven days into his term, President Biden issued a moratorium on new oil and gas lease permits on federal lands and waters. Republican attorneys general from 13 states sued. A federal judge sided with them, ordering the Biden administration to hold lease sales.
Not rebuffed, Biden, in June 2021, halted the Keystone XL pipeline project. The administration reluctantly held the lease sale, but another federal judge last month, to the administration's delight, canceled leases of more than 80 million acres in the Gulf of Mexico.
The results have been immediate. During the first 11 months of 2021, crude production fell dramatically, to just 11.14 million barrels per day, a significant 9% drop. The decrease is a direct result of the aggressive efforts by the Biden White House to cripple oil production and distribution.
As world economies recover from the pandemic and OPEC producers and Russia refuse to increase output, a drop in U.S. energy supplies has pushed oil prices up and up.
more
https://www.americanthinker.com/blog/2022/02/high_gas_prices_yep_biden_really_did_that.html
