Author Topic: The U.S. Is Entering a Severe Energy Crisis  (Read 375 times)

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rebewranger

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The U.S. Is Entering a Severe Energy Crisis
« on: May 23, 2022, 01:41:34 pm »
The U.S. Is Entering a Severe Energy Crisis
 
By JIM GERAGHTY
May 20, 2022 12:41 PM
 
The U.S. is entering a severe energy crisis, and the Biden administration is whistling past the graveyard.

JPMorgan commodities analyst Natasha Kaneva predicts a “cruel summer” ahead.


“With expectations of strong driving demand — traditionally, the U.S. summer driving season starts on Memorial Day, which lands this year on May 30, and lasts until Labor Day in early September — U.S. retail price could surge another 37% by August to a $6.20/gallon national average,” she wrote in her May 17 research note.

This morning, the national average gas price is $4.59 per gallon — yet another all-time record. The average price in the state of California is $6.06 per gallon. Because prices in California are usually a dollar to $1.50 more than the national average, if Kaneva’s projection is accurate, Californians will be paying $7 to $7.50 per gallon by August.

If gas hits $6 per gallon, there are a lot of U.S. households who will struggle to afford the gas they need to commute to their jobs.

https://www.nationalreview.com/corner/the-u-s-is-entering-a-severe-energy-crisis/

Offline IsailedawayfromFR

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Re: The U.S. Is Entering a Severe Energy Crisis
« Reply #1 on: May 24, 2022, 08:52:56 pm »
What type of idiot write this?

It's already here.

Oil and natural gas prices are approaching alltime highs while the government stifles bringing on more production to relieve prices.

Coal prices have gained 300% during the past year.

Nuclear and coal power plants are being shut down on whims and California is destroying its hydroelectric power generation as well to save a few fish.

While the Brandon people worship renewables which provide no real benefit to anyone other than Chinese manufacturers and well-connected people that receive government handouts, ordinary Americans suffer.

The long gasoline lines and more rolling blackouts will be the norm.  And Brandon is selling off even the heating oil reserve so people will freeze to death.

« Last Edit: May 24, 2022, 08:54:25 pm by IsailedawayfromFR »
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington