Dec 1, 2021
President Biden is at fault for high gas prices. Here’s why.
Late Tuesday, President Biden announced his Administration will order the National Gas Reserves to begin a ubiquitous release of over 50 million barrels of oil. Here’s why that's so bad.
By: Mo Gerstley
On Tuesday, the Biden Administration announced that they'd be releasing 50 million barrels of oil from the emergency stockpile of petroleum maintained by the United States Department of Energy. The move comes after an anomalous few weeks of high-gas prices, inflation, and economic decline. Despite this, the Biden Administration has insisted that by opening up the reserve, “gas prices will drop.” Nonetheless, though, it is no doubt vital, to comprehend the very reason why prices for model gas that are used for cars, trucks, and vehicles on American roads, along with more paramount wields such as aviation uses like planes, factory utilities, and others are skyrocketing. Forbes Senior Contributor, Robert Rapier points out that “President Biden’s energy policies earlier in the year” may have caused this “sort of situation.” This is entirely faultless. Just hours following the inauguration of President Biden, the then-78-year-old President immediately signed a bill outlawing expansion or further production from the iconic oil pipeline extension system running through Canada and the United States, the Keystone Pipeline. The Keystone Pipeline and its controversial extension, the Keystone XL pipeline is a vital fraction needed to maintain the long-distance transportation of gas and oil in the United States, and halting its production, immediately following a massive return of the American workforce to the marketplace, is significantly damning to the gas industry, and the millions of individuals and businesses that rely on it. Proposals for a rational environmental initiative all propose to make a subtle and moderate transition to a chole-less, and gass-less world so that industries are forced to develop efficient alternatives in a healthy economic manner, rather than artificially forces them to do so, which can lead to a less effective and efficient alternative for energy. However, it is beyond the halting of a vital pipeline that hurt the American economy, and Americans most basic needs to fill their cars up in the morning. Within his first one hundred days in office, the President proposed a $2.7 trillion American Jobs Plan that according to his office, would rebuild a much cleaner U.S. economy. It proposes billions for the transition to electric vehicles and clean electricity, support for clean manufacturing, and more. The plan was eventually forged into his later bill, the “Build Back Better” act, which was one of the most ambitious climate plans ever, and despite his administrations' insistent claim that it would create millions of jobs, employment never progressed to the initially claimed point it would reach, in fact, in June 2021, 6.2 million people did not work at all or worked fewer hours because their employer closed or lost business, this coming far after markets began reopening following the coronavirus pandemic, and its economic effect in its aftermath. In addition to that, even more, economic damage was caused by Biden’s reversal and halting of Trump policies surrounding the issues of drilling on public lands, EPA scientific standards, climate assessments in project planning, and more. In the perception of business executives and oil tycoons, these restrictions act as a major stumbling block for production in the U.S. and thus, gas giants are having trouble providing basic gas for civilian cars and trucks, and for more significant wields such as aviation uses like planes, factory utilities, and others as previously relayed. There is no doubt that President Biden’s policies relating to the climate, and business restrictions are hurting the gas industry which in turn impair American life, and the is no doubt that this gas crisis, is another sign of Biden’s failing presidency.
