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Maybe Biden is secretly in bed with the O&G industry, that's why we're all being punished by high gas prices! LOL
Remember when the Left slandered Bush on that in 2007/08? They were saying things like this: "He's a Texas guy, he wants high oil to make money", arrgghhhh!
Let's separate the oil you put in your car (Americans sometimes say 'gas' what europeans call benzene) from the gas Europeans need to heat their homes.
Benzene has always been high in Europe - roughly between 8-11$ a gallon with exchange rate and conversion of liters to gallons.
Gas to heat homes has been low, is still not that bad, but will spike this winter for sure.
Much of that higher price, though, is not due to the cost of "benzene" but higher, much higher, liquid fuel taxes than in the US.
Everything that is high now will go higher.
And soon that extra 15% tax will be put on companies to send retail prices even higher.
And then the Fed says there's 2 more rate hikes in the coming months.
Everything that is high now will go higher.
And soon that extra 15% tax will be put on companies to send retail prices even higher.
And then the Fed says there's 2 more rate hikes in the coming months.
We're being set up for a perfect storm here.
All it's going to take is an invasion of Taiwan by the CCP prior to the midterms.
All it's going to take is an invasion of Taiwan by the CCP prior to the midterms.
Well we are trying to get China to do something as we are keeping our warships there and politicians keep going there to tout how the US will defend them.
Just a matter of time. The US "war games" have moved from the Black Sea to the Taiwan Strait.
Yes necessarily. The pipeline if not axed would have injected much more Canadian oil into the market through the US and it's refineries than is currently being trucked or railed through. Also with less risk of environmental accidents as well. At the time the presidential cross-border permit was revoked, construction of the 1,120-mile Keystone XL segment was on track to be completed in 2022, with operations starting in early 2023. Much better than asking petty dictators to ramp up their oil production which is what we are doing now don't you think?
From Harvard Magazine written by Butler professor of environmental studies Michael B. McElroy back in 2013
Quote:
can minimize environmental damage. From the U.S. perspective, there are sound economic and security reasons to encourage development of the Canadian resource. Subject to the conditions noted here, I would recommend that the Keystone XL project should be approved.
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