Biden throws gas on inflation fire
Washington Examiner
September 08, 2023 07:05 AM
A president concerned about economic well-being in the nation he leads would look for ways to reduce the price of gasoline as both Saudi Arabia and Russia announced extended cuts to oil production this week.
But President Joe Biden doesn’t care about that. He is bought and paid for by environmental radicals such as California billionaire Tom Steyer, who, coincidentally, owns the Lake Tahoe cabin at which Biden just spent a week vacationing. That is why Biden officials announced this week that they intend to cancel oil leases on land estimated to contain 11 billion barrels of oil.
“My administration is canceling all remaining oil and gas leases issued under the last administration in the Arctic Refuge,” Biden posted to X on Wednesday. “And there is more to do.”
That “more” is ominous. Biden has been smashing mineral development, putting millions of acres of land off-limits for exploitation from Arizona to Minnesota, New Mexico to Utah.
As a direct result of these barriers to economic development, working people will not only have to pay higher prices for energy derived from oil and gas, but the electric vehicles that Biden wants to force consumers to buy will be more expensive thanks to higher prices for nickel and cobalt.
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