Reply to thread

Message

<blockquote data-quote="Thebrownblob" data-source="post: 6151275" data-attributes="member: 60485">Nope, and Joe Biden’s policies at the beginning of his presidency had a huge impact on the price of gas throughout his presidency so he shares much of the blame for the high the high prices. Even if he realized later, it was a mistake. It was too late to help his presidency.[URL unfurl=&quot;true&quot;]https://www.rstreet.org/commentary/joe-biden-shares-the-blame-for-the-nations-soaring-gas-prices/[/URL]“But even if Biden were blameless for inflation, he’s not off the hook, because his energy policies were all aimed at restricting oil production, which leads to higher gasoline prices. Within hours of taking office, he <a href="https://www.washingtonpost.com/politics/2021/01/22/energy-202-biden-administration-puts-freeze-federal-fossil-fuel-leases-permits/" target="_blank">imposed a moratorium on drilling permits</a> on federal land. Not long after, he implemented a <a href="https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html" target="_blank">moratorium on oil and gas leases</a> (later ruled illegal). And offshore energy leases <a href="https://www.noia.org/federal-offshore-oil-gas-leasing-program/" target="_blank">remain impossible to get</a>, despite a mandate from Congress. Additionally, scarce refining capacity <a href="https://www.rstreet.org/commentary/you-cant-fix-refinery-shortages-with-more-government-intervention/" target="_blank">is now a chronic condition</a> in the United States, as refiners see no value in investment amidst the administration’s attempts to force a transition to electric vehicles.As always, gasoline prices are influenced mostly by economics, and partially by presidents. Biden may bemoan high gasoline prices as out of his hands, but he hasn’t done anything to help either”</blockquote>

[QUOTE="Thebrownblob, post: 6151275, member: 60485"] Nope, and Joe Biden’s policies at the beginning of his presidency had a huge impact on the price of gas throughout his presidency so he shares much of the blame for the high the high prices. Even if he realized later, it was a mistake. It was too late to help his presidency. [URL unfurl="true"]https://www.rstreet.org/commentary/joe-biden-shares-the-blame-for-the-nations-soaring-gas-prices/[/URL] “But even if Biden were blameless for inflation, he’s not off the hook, because his energy policies were all aimed at restricting oil production, which leads to higher gasoline prices. Within hours of taking office, he [URL='https://www.washingtonpost.com/politics/2021/01/22/energy-202-biden-administration-puts-freeze-federal-fossil-fuel-leases-permits/']imposed a moratorium on drilling permits[/URL] on federal land. Not long after, he implemented a [URL='https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html']moratorium on oil and gas leases[/URL] (later ruled illegal). And offshore energy leases [URL='https://www.noia.org/federal-offshore-oil-gas-leasing-program/']remain impossible to get[/URL], despite a mandate from Congress. Additionally, scarce refining capacity [URL='https://www.rstreet.org/commentary/you-cant-fix-refinery-shortages-with-more-government-intervention/']is now a chronic condition[/URL] in the United States, as refiners see no value in investment amidst the administration’s attempts to force a transition to electric vehicles. As always, gasoline prices are influenced mostly by economics, and partially by presidents. Biden may bemoan high gasoline prices as out of his hands, but he hasn’t done anything to help either” [/QUOTE]

Verification