Today, the United States is in a self-inflicted energy crisis. Globally, the energy sector is a complete disaster. "Tightening markets for LNG (LNG) worldwide and major oil producers cutting supply have put the world in the middle of 'the first truly global energy crisis,' the head of the International Energy Agency (IEA) said."
The Biden government celebrates the price of gas coming down from its summer highs
- Americans are still being hurt at the pump, and it is still impacting our supply chain.
- The average price of a gallon gas in the United States is $3.76, per AAA. This is up from $2.40 per gallon the week after Joe Biden was inaugurated as President in 2021
Biden's war on fossil fuels
- In January 2021, President Biden signed executive orders directing the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters
- President Biden also revoked the permit for the Keystone XL pipeline
- As gas prices surged over the summer of 2022, the Biden administration didn't relax regulations to unleash our energy power
- Biden begged countries such as Saudi Arabia and Venezuela to pump more oil
- The nation's strategic oil reserves are now at their lowest levels since 1984
- We are also seeing an unprecedented decline in the nation's diesel fuel supplies
- United States is now down to less than 25 days of supply of diesel fuel
- To make matters worse, the United States has just a 26-day supply of heating oil
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