Youre right Bidens policies were idiotic. Suppressing oil production keeping it below demand to force us to by EV cars
Key actions and policies cited by critics include:
- Canceling the Keystone XL Pipeline permit: On his first day in office, President Biden revoked the permit for the pipeline, which was intended to transport 830,000 barrels of oil daily from Canada to U.S. refineries.
- Pausing new federal leases: The administration issued an executive order to pause new oil and gas leases on federal lands and waters while it conducted a review of the federal oil and gas program.
- Increasing regulations and fees: Critics point to finalized rules that increase bonding requirements for offshore producers and a new fee (tax) on methane emissions that exceed certain thresholds, which they argue increases costs and disincentivizes domestic investment.
- Pausing new LNG export permits: In January 2024, the administration temporarily paused pending approvals for new liquefied natural gas (LNG) export projects, which critics argue empowers geopolitical rivals like Russia and Iran while hurting U.S. allies dependent on American energy.
- Draining the Strategic Petroleum Reserve (SPR): The administration conducted large releases from the SPR to help stabilize prices, bringing the reserve to its lowest level since the 1980s, which critics view as a misuse of an emergency asset for political expediency.
The false excuse that Biden produced more means nothing it was less than demand. They made federal lands off limits stopped oil in the gulf and Alaska.
This helped Putin and Iran fund the wars. It also caused inflation since our entire economy is based on oil which is in many manufactured products not just gas.
Biden was impaired incompetent and downright stupid