It is clear where President Biden’s priorities are. He issued a ban on new oil drilling to satisfy the environmentalists causing gas prices to double. However, with his ratings falling because of inflation fueled by rising fuel prices and his out of control spending, he apparently had second thoughts about restricting our oil production. He apparently hoped to cut his party’s losses in the off-year elections, and bowed to public pressure to cut gas restrictions to allow a drop in gas prices. He agreed to open new gas drilling and gas prices started to fall slightly. However, due to pressure from environmentalists, who contribute to his party’s campaign funds, he has now restored the ban on new drilling and prices have begun rising again. Apparently he is more concerned about the source of his campaign funds than about the voters that elected him and who might not vote for his party in the upcoming election.
Posts Tagged ‘Gas Prices’
Gas Prices-J
I just checked gas prices to fill up the car and the price has been going up for three weeks straight. A lot of it is due to the fighting in the Mid-East. Most stations are about $3.29 a gallon compared to $1.75 a gallon when President Biden took office. President Trump pushed America to be independent of Arab oil prices which lowered gas prices since it didn’t have to be transported from the Mid-east and profits went to American workers and investors. Under President Trump, gas prices would not have been affected by the war, but now the fighting is pushing prices up still further. President Biden forced cuts in America’s oil production forcing us to buy oil from Mid-Eastern countries which has to be transported by ship, greatly increasing the cost. A lot of that oil goes through the Suez Canal and the shipping lanes near the Arab States. Arab terrorists have made travel in the region difficult and many are oil tankers who are opting to go around the south of Africa to avoid it, which creates extensive delay and a lot of extra cost. In addition, there is nothing to prevent the Arab countries from raising prices to hurt the American economy, like they did in 1974. The profit from Arab oil goes to Arab countries who supply our oil and much of it goes into the pockets of rich Arab rulers who in turn support Arab terrorist activities.
Gas Prices-I
Many people complain about the high cost of gasoline but do not realize the full impact that high oil prices have on the economy. Many companies rely on parts to be shipped to them and most stores have goods shipped to them. Increases in gas prices increases the cost of shipping and raises the cost of goods at the store. In addition, many people commute to work and increased gas costs increases the cost of getting to work. In addition, many homes and businesses heat with oil and the higher cost oil also increases the cost of heating. Yet few people getting raises to cover the higher cost and many people are seeing cuts in hours as businesses try to cut costs. In 1974, I worked for the welfare department (now Job & Family Services). Gas jumped from $.50 a gallon to $1.00 a gallon overnight when the Arab States raised the cost of oil. A 100% increase in cost. We were dependent on them for oil at the time and many companies went out of business and a lot of people were thrown out of work. My caseload increased from 150 cases to 250 cases within a year and I had to take time off my caseload one day a week to do intake on new clients. Though the increase is not as fast today, it is still hurting an economy already hurting due to the poor economic policies of the current administration.
Gas Prices-H
When President Biden took office, he cut of construction of the pipeline from Canada and cut back American oil production. He said it was to protect the environment but it merely transferred the problem to the countries that produce the oil and increases the risk of pollution because the oil has to be transported overseas by tankers and runs the risk of oil spills. Pipelines are safer because the pipeline is underground and isn’t subject to storms and collisions. The only justification for shifting to overseas oil is that it sends the profits to the Arab States instead of keeping them here in the United States and Canada. In addition, the Canadians turned to China to sell the oil that the United States would not be buying, since the Canadians already have a pipeline to the West Coast, which benefits China. In addition, it hurts us because it costs American jobs and the Arab States use the profits to support terrorism. However, the biggest problem is the threat that is not obvious. When we became dependent on Arab oil, it allows them to raise their prices since they don’t have to compete with American produced oil. The Arabs are now doing that further threatening America’s unstable economy. Since we have discontinued the pipeline construction and cut our own production, we can’t just increase production to force the price down. It will take time to reopen the wells and complete the pipeline.
Gas Prices-G
President Biden has been talking up how gas prices are dropping slightly. While he is responsible for the price drop, I wouldn’t be proud of it if it were me. Prices are dropping because people are driving less. They are being hurt by the high price of gas and by inflation, so they are limiting their driving. Gas stations are lowering their prices to encourage people to drive more. President Biden has been draining our oil reserves to bring down oil prices but it is leaving us short on reserves if we face another hurricane like Katrina that shuts down the offshore oil wells. The Canadian pipeline was supposed to provide a backup but President Biden shut that down as well so we have no backup if our oil supply is threatened. President Biden has figured out another way to control the price of gas and that was to extend the time allowed to use fuels containing ethanol. It creates a lot more pollution than regular gas, so it is restricted in summer when people do the most driving. Gas with 70% ethanol was promoted in the beginning because ethanol is made from plants which are renewable so we would use less gas but it required that engines be specially made to handle it so it can’t be used in older cars that weren’t made for it. It gained a lot of support from environmentalists concerned about us running out of oil, but they turned against it when they found it created more pollution. Many embraced it because it was 40-50 cents less a gallon until they realized they got a lot less miles per gallon, so it really wasn’t the bargain it appeared to be. I used it for a while because it was cheaper until I found it was actually costing me more for gas every week due to the reduced gas mileage. Not many people use it anymore, so few stations carry it. Some stations use gas with 10% ethanol. There is usually a sticker telling you but most people probably don’t notice it. Overall, it probably won’t have much effect on gas prices and most people won’t realize the reduced gas mileage, so it is mainly a publicity stunt before the elections to make it look like he is trying to solve it in order to counter his failing popularity.
Gas Prices-F
President Biden is desperate to contain rising gas prices that have reached a 40 year high and are still climbing. He is trying stopgap measures that help for a few days or a week or so but isn’t dealing with the underlying problem. We need to get the pipeline restored and our domestic oil production back online so we are not dependent on foreign oil. President Obama cut American oil production and forced us to depend on foreign oil under the pretense of protecting the environment and gas prices reached over $4.00 a gallon. President Trump restored American oil production and made America free from dependence on foreign oil and prices dropped to around $1.75 a gallon. When President Biden was declared the winner, prices jumped to $2.60 a gallon in anticipation of President Biden cutting American production. Since President Biden cut American production and cancelled the pipeline, gas prices have continued to climb and have reached a 40-year record high. He has created a situation in two years far worse than President Obama created in his eight years. That doesn’t even count the risk of oil shortages due to dependence on foreign oil and the fact he is draining our reserves leaving us at risk in case of war or natural disaster. We are dependent on Russia and Iran and are not on friendly terms with either. Russia only supplies a small amount of our oil and has caused us a major headache. Iran supplies most of it and has already cut off our supply once in 1974 and gas prices doubled almost overnight causing widespread business closings, high unemployment, and long lines at the pump due to gas shortages. Do we want to face that again? We need to elect people to Congress and the Presidency who will put America first.