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Didn’t Joe Biden shut down the Keystone XL pipeline? I’m not saying it’s all Bidens fault but there have been multiple occasions on which Joe Biden vowed to eliminate fossil fuels. It seems to me that the guy who lured Americans in to voting for him based on handouts is now abandoning the same constituents as casualties in his own war against oil. I am not against Energy alternatives, matter of fact I’ve moved to all electric yard tools. I just believe the transition needs to happen because electric, hydrogen or whatever other source we move to is really better. Not just better because our buddy Joe killed the alternative …. but I guess he doesn’t care, after all, he’s not affected by it.
Biden shut down *construction* of the XL pipeline. The XL had not been built. The XL pipeline would have been used to transport foreign (Canandian) oil, not US oil.
Yes, Joe did it and now, amazingly, Canadian oil must instead be transported by rail lines owned by Berkshire Hathaway, controlled by Warren Buffett who just happens to be a big contributor to the Democrats. Just a coincidence, of course.
Dominic actually meant to say that higher oil prices primarily benefit billionaires like the surviving Koch brother and Koch Industries, notorious right wing extremist supporters of notorious right extremists (ie the Republican Party)—just a coincidence that he failed to mention it when he touted his conspiracy theory
As we await the inevitable “brown outs” this summer as the electric companies are already warning us about, what will the electric grid look like when all of these EV cars/trucks need to be “filled up”? Maybe the Fed’s will dial up more power from Coal plants…uggh
Tony C. —. Absolutely correct. The brown outs will probably resemble those in
Cali once EV’s start replacing gasoline cars.
Our current green strategy will not work.
The US imports very little Russian Oil, like 3-8% total so not sure why they even bring up Russia in this article. By contrast, the US imported 61 percent of its crude oil from Canada, 10 percent from Mexico, and six percent from Saudi Arabia in the same year. This was for the year 2021.
Biden shut down the Keystone Pipeline, could honestly increase oil drilling offshore if he wanted, pretty much anything to help-but refuses. This would not push his EV agenda.
Can someone explain why inflation in the US is higher than most other industrialized nations? I’m guessing they also get their oil on the world market and also suffered from the impacts of Covid.
US 8.6%
Germany 7.9%
Mexico 7.65%
Italy 6.9%
Canada 6.8%
S. Korea 5.4%
France 5.2%
Australia 5.1%
Japan 2.5%
Saudi Arabia 2.3%
China 2.1%
The European Union as a whole is experiencing 8.1% inflation. Also, you missed the United Kingdom—the world’s seventh largest economy—with 9% inflation. And Brazil, the 9th largest economy, with inflation of 11.73% inflation. And India, 5th largest, with 7.04%
People are so quick to blame President Biden for high gas prices when our prices are well below the price a gas in Europe. Perhaps we should look at the vehicles we drive. Big crossovers, bigger SUV’s, hot rod Dodge V8s, heavy pickups. Maybe we should look at the gas guzzlers we drive as being a big part of the problem.