Biden Energy Plan or lack there of

Biden Energy Plan or lack there of

Postby dan_s » Tue Nov 16, 2021 11:43 am

It’s time to be honest about fossil fuels’ role in energy transition. Foreign Policy.
The global energy crisis has hit U.S. shores: Fuel prices are rising, and a global supply shortage of natural gas is driving up the cost of heat and electricity as winter approaches. The Biden administration, worried that rising energy prices could cost votes and kneecap its ability to implement policies, has begged OPEC to pump more oil and Russia to step up gas supplies to Europe. At the same time, the Republicans have no useful energy policy alternative on offer. The United States needs a fundamentally new energy policy that will deliver reliable energy supplies at affordable prices with low impact on the environment and climate.

Read more: https://foreignpolicy.com/2021/11/15/fuel-inflation-oil-gas-energy-transition-climate-change-biden/
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 27309
Joined: Fri Apr 23, 2010 8:22 am

Re: Biden Energy Plan or lack there of

Postby dan_s » Tue Nov 16, 2021 11:45 am

IHS Markit: Banning exports of us crude oil would likely raise gasoline prices, not lower them.
Business Wire. Instituting a ban on U.S. crude exports has currently been put forward for consideration as a “tool” to alleviate rising U.S. gasoline prices—average price in October up 36% from a year ago. This is one of the notable factors contributing to the surge in inflation, the highest increase in U.S. consumer prices in 31 years. However, the unintended consequences of such a policy would likely increase gasoline prices rather than lower them, according to a new analysis by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions.
Dan Steffens
Energy Prospectus Group
dan_s
 
Posts: 27309
Joined: Fri Apr 23, 2010 8:22 am

Re: Biden Energy Plan or lack there of

Postby Fraser921 » Tue Nov 16, 2021 6:06 pm

Now he is begging China for oil

https://www.scmp.com/economy/china-economy/article/3156290/us-asks-china-release-oil-reserves-part-discussions-economic?module=lead_hero_story&pgtype=homepage
Fraser921
 
Posts: 635
Joined: Mon Mar 22, 2021 11:48 am


Return to Other topics of interest

Who is online

Users browsing this forum: No registered users and 6 guests

cron