Joe Biden has searched everywhere to find the root of high fuel prices. Except his own house.
Hot Air (11/28/22) reports: "During recent public appearances, President Joe Biden has continued to complain about energy prices as well as the potentially catastrophic shortage of diesel that has been forecast to hit the United States soon, particularly in the northeast. Of course, he never takes the blame for any of this himself. He instead tries to blame the “greedy” energy companies or, of course, Vladimir Putin. He has called for bans on oil and gas exports and even suggested a mandate that diesel stocks be maintained at a higher level. But a new report from the Institute for Energy Research addresses the actual root of these problems. What we’re facing is a significant loss in refinery capacity in the United States and its various territories. We’ve lost more than a million barrels per day in production capacity, but rather than working to rebuild that capacity, the White House is issuing new edicts that will result in diminishing it further. 'President Biden is complaining about diesel prices and production and his Administration is looking at banning petroleum exports or placing minimum requirements on diesel stocks, which they think will fix the problem. The real problem is that the United States lost one million barrels a day of refinery capacity due to reductions in demand from COVID lockdowns, refinery conversions to biofuels due to lucrative subsidies and onerous environmental regulations.' Banning petroleum exports (which are already at severely low levels) would only cut off markets, making the American oil and gas industry even less profitable, thereby disincentivizing any efforts to expand capacity. And as for an executive order directing a specific amount of diesel to be kept in stock, well… that’s simply insane. You can’t order more diesel to magically appear with a few scribbles of a pen. Someone has to produce the required oil, move it to a refinery, and create the diesel."
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"Considering which tree has the lowest impact on our rapidly warming planet has become a vital part of the holiday decision. Plus, choosing a planet-friendly tree will likely get you on Santa’s good list."
– Rachel Ramirez, CNN
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