Gas prices have soared to a seven-year high as the Biden administration continues to wage economic warfare against America’s energy producers.
“Average gas price: June 2020: $2.21 June 2021: $3.07 President Biden’s economy!” Rep. Jim Jordan (R-OH) tweeted in June.
Average gas price:
June 2020: $2.21
June 2021: $3.07
President Biden’s economy!take our poll - story continues below
— Rep. Jim Jordan (@Jim_Jordan) June 21, 2021
Biden’s bloated, un-American $3.5 trillion budget disaster would make matters worse. It feature billions in punitive charges on the U.S. energy sector.
Per Just the News:
Yet, the Democrats’ $3.5 trillion budget reconciliation bill reportedly includes an estimated $6 billion worth of charges on U.S. oil and gas operators on federal lands, which could effectively put mom and pop small business, and minority and Native-owned operations out of business, in addition to killing tens of thousands of jobs.
There isn’t enough oil and gas supply to meet U.S. demand, due to a combination of factors, including the Biden administration halting new leases on federal land, halting the Keystone Pipeline, increasing regulatory burdens, and other measures that will take years to correct, those in the industry argue.
In one of his first acts in office, President Joe Biden, through executive order, halted the issuance of new oil and gas leases on federal lands, effectively stopping much production for existing operations. He also eliminated low-cost Canadian crude from being processed by mid-continent and Gulf Coast and U.S. refiners by prohibiting the Keystone pipeline from opening.
Biden’s goal is to destroy the U.S. energy sector. And doing that will cost every American thousands a year in higher gasoline, electric, and natural gas prices.
The Democrats want to send us back to the stone ages.
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