Hey person who's icon is the "God of Farts" once again makes a comment with NO proof!
OPEC is a part of the cost of gas rising, simply because Biden begged OPEC to increase production.
But not knowing as the "God of Farts" has shown what the final per gal cost components are one simple non-economic fact:
Supply! Biden STOPPED signing exploration leases on Federal land that provides 25% or more of domestic gas.
FACT :
About a quarter
(25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Oil production from federally-managed lands and waters topped a record 1 billion barrels last year
abcnews.go.com
So with 25% of oil production coming from Federal lands and with the stoppage of exploration means rising cost to oil producers.
With oil companies recognizing exploration on Federal lands has stopped where will future oil production come from?
As a result oil companies exploration expenses go up adding to future reduction of reserves....Just the facts.
Biden's signature stopped exploration on land that provides 25% of domestic oil production.
The lawsuit notes that coastal states receive significant revenue from onshore and offshore oil and gas activity. Stopping leases, the lawsuit argues, would diminish revenue that pays for Louisiana efforts to restore coastal wetlands, raise energy costs and lead to major job losses in oil-producing states.
Thirteen states sued, saying the administration bypassed comment periods and other steps required before such delays can be undertaken. Federal lawyers argued those steps weren't required.
www.npr.org