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DAILY ENERGY NEWS | 03/08/2022
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** Gas prices setting the record highs means it's time for the admin to spew some record lies.
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The Federalist ([link removed]) (3/7/22) reports: "President Joe Biden’s Press Secretary Jen Psaki tried to evade White House responsibility for soaring gas prices Monday, casting blame solely on overseas turmoil in Ukraine. Gas prices hit a national average of $4.06 a gallon, according to AAA, this week reaching a new high not seen since 2008 when prices reached their all-time peak at $4.11. 'The increase,' Psaki said, 'is a direct result of the invasion of Ukraine,' adding 'there was an anticipation' of rising prices. In anticipation, however, the White House has only exacerbated a self-inflicted crisis by doubling down on the administration’s war on domestic energy production in the name of climate change and environmental justice. As the impending invasion of Ukraine foreshadowed turbulence in global energy markets, President Biden’s Department of Justice reinstated the administration’s suspension of new
oil and gas leases on federal lands through a legal filing in Louisiana. Despite Psaki’s blame on Russian aggression for the spike in energy costs, gas prices began to soar upon Biden’s first days in office after the president’s inaugural orders shut down the Keystone XL pipeline and unilaterally suspended new oil and gas leases on public land."
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** "Biden is begging to buy more oil from Saudi Arabia
Biden is offering to buy more oil from Maduro's Regime
Biden is desperate to buy more oil from Iran
The only ones he refuses to buy more oil from is Americans"
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– Senator Marco Rubio, (R-FL) ([link removed])
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Today in satire, tomorrow in headlines.
** BabylonBee ([link removed])
(3/7/22) "reports": "The deliberate and premeditated invasion of Ukraine by brutal dictator Vladimir Putin has forced the US to reassess the importance of energy independence. With this new resolve, the Biden Administration has taken its first step toward increasing oil production for Americans by selling Alaska back to Russia so we can start drilling for oil there again. 'Folks, nobody wants to ruin America’s beautiful Alaskan wilderness with oil trucks and drilling rigs, come on!' said President Biden in response to questions he thought were coming from a house plant in the West Wing. 'But I’ve never had a problem getting oil from Russia, so there you go, go get him.' Jen Psaki praised Biden’s brilliance in finding a solution that would prevent an energy crisis while also preventing new drilling on American land. She pointed out succinctly to journalists, 'You see, it’s not American land anymore; it’s Russian land.'"
Biden's "one giant leap" moment.
** ([link removed])
Iran, Venezuela, Russia...How about Canada, Joe? Save on translators!
** Reuters ([link removed])
(3/6/22) reports: "Alberta, Canada's main oil-producing region, can help alleviate the global oil supply crunch caused by energy disruptions, Alberta energy minister, Sonya Savage, said on Sunday. Alberta has some spare pipeline and rail capacity and can move more oil to the United States, Savage said in Houston ahead of the CERAWeek energy conference by S&P Global. Oil prices in Monday trading in Asia have soared to $128 per barrel, up from about $83 per barrel in January. 'We are the solution, not Venezuela and others,' Savage told Reuters, an apparent reference to U.S. sending a delegation to Caracas last week to discuss an easing of U.S. oil sanctions. She also said it was 'unconscionable' for any nation to be buying Russian crude oil or refined products in light of its invasion of Ukraine."
Energy Markets
WTI Crude Oil: ↑ $125.24
Natural Gas: ↓ $4.59
Gasoline: ↑ $4.17
Diesel: ↑ $4.76
Heating Oil: ↑ $430.75
Brent Crude Oil: ↑ $129.72
** US Rig Count ([link removed])
: ↑ 755
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