>THAT’S IT. SEE YOU TOMORROW
I look forward to these posts now, so you can't stop. Thank you, o7
Industry Insiders on Real Story Behind High Gas Prices: Structural Problems, Hostile Policies, and Inaction
By Allen Zhong October 5, 2022
High gas prices in America are caused by a mismatch between U.S. oil production and refining, bad policies or political hostility, and the Biden administration’s inaction, according to experts and oil industry insiders.
“They’ve made the fossil fuel business in North America the enemy of the people, that’s why the prices keep trending up,” he said.
On his first day in the White House, President Joe Biden signed an executive order to revoke President Donald Trump’s permit for the Keystone XL Pipeline.
It turned out to be one of the most fatal moves for U.S. energy security and gas price stability because Canada is one of the most important sources of the conventional crude oil that most U.S. refineries can handle and the Keystone XL pipeline is what is needed to transport the Canadian crude oil.
“Keystone XL pipeline was going to supply about 800,000 barrels a day of Canadian oil and about 100,000 barrels a day of North Dakota oil, which is the right oil [heavy oil],” Kish said.
The logical thing to do, if the Biden administration is intending to lower gas prices, is to increase the oil supplies from Canada and Alaska that work in U.S. refineries.
They doubt Biden really has the intent to lower gas prices.
Catsimatisdis is concerned that the intention of the Biden administration is to promote an “incredible transition” from fossil fuel to electric vehicles, as Biden suggested in May.
“When it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden said.
Catsimatisdis said the idea is “crazy.”
“You have to laugh about it because it’s crazy. You know, we don’t have the minerals to make the batteries,” he said.
He worried that Biden’s agenda is bringing the Americans down a dangerous path.
“I welcome new technology. But maybe you do it over 30 years, over 40 years. And make sure it works before you put everything else out of business … and then we find out it doesn’t work,” he warned.
https://c-vine.com/blog/industry-insiders-on-real-story-behind-high-gas-prices-structural-problems-hostile-policies-and-inaction/
Bless you, anon.
This bread has been the S L O W E S T bread I have experienced in a while, and it's Day Shift, for gosh sakes. I had to refresh back to the catalogue to make sure it was working…kek
(I know, the captcha was broken again) 'dis here is a test…
finally…