https://blog.pricegroup.com/2021/11/18/ ... 1-18-2021/
When it comes to energy the Biden administration wants their cake and eat it too. They want to go green, shut down pipelines, put on drilling moratoriums, tell investors that they’re wrong if they invest in fossil fuels and then they complain when prices rise. Words have meaning and the policies of the Biden administration are responsible for rising gasoline prices. OPEC and Russia’s growing control over the global oil supply is in part because of the Biden administration’s pullback from U.S. oil and gas production.
We will hear from analysts and fact checkers saying that the energy crises is not Biden’s fault. When I predicted that all of this this would happen if Biden got elected, most fact-checkers said no. We were told that the cancellation of Keystone Pipeline and threats to kill Line 5 in Michigan and North Dakota access line would in no way impact prices but yet it did. Oil producers cut back because of fears of what could come next. Investment in fossil fuels dried up as pension funds and other major sources of capital stayed away.
Natural gas prices were up on colder weather and the cold shoulder from Belarus to Europe. Belarus cut off natural gas supplies to Europe but said it was only maintenance that was “unplanned”. It is unplanned maintenance of a major natural gas pipeline after Belarus president Alexander Lukashenko warned Europe that he might use natural gas as a weapon. This Putin lackey is sending a message. Putin and Lukashenko are playing a game of good cop, bad cop when it comes to supplying Europe with natural gas this winter. Make no mistake about it, they’re sending signals to Europe that if they are crossed in any way they can make them freeze.