From article Sen. Hagerty: Biden Admin Lit Inflation Fuse. Jack Gournell. March 20, 2022.
Sen.
Bill Hagerty, R-Tenn., says the Biden
administration's $1.9 trillion American Rescue Plan and war on American domestic
energy production is to blame for record inflation levels.
"The
Biden administration on day one launched a war against domestic energy here in
America," Hagerty stressed Sunday to "The Cats Roundtable" radio
show on WABC 770 AM, hosted by John Catsimatidis.
..
"The
day Biden came into office he canceled the Keystone pipeline permit and stopped
drilling offshore and on federal lands.
He
basically sent a very clear message to the capital markets this administration
was not going to support any sort of investment in the oil and gas
industry," Hagerty said.
"Global
energy prices have increased dramatically," the congressman continued.
"And
one of the biggest beneficiaries of this is, guess who? Vladimir Putin.
Putin has been able to use this windfall from
Biden's shortsighted domestic energy policy to fuel his war machine that
he has now unleashed on Ukraine. It's unbelievable that America would find
itself in a situation where we are actually fueling the fire."
…
According
to Bloomberg, Pierre Andurand, a French commodities trader, sees oil hitting
$200 a barrel.
"I
don't think that suddenly they stop fighting, the oil comes back,"
Andurand told reporters.
"It's
not going to be the case. The oil's going to be gone for good. We'll have to live with higher prices to keep
demand down."
Andurand
believes so far, 4 million barrels of oil per day have been sidelined since
Russia invaded Ukraine.
(end
of article)
… …
A
posted comment:
“Outsider
Trump gets elected to office. The result was cheap gas, cheap food, energy
independence, no wars and focused on our country’s own issues. Establishment
hacks led by Biden get back in, and we get inflation, crashed economy, medical
tyranny, WW3, and need to secure a loan to buy gas.”
…
The
current period of natural, cyclical rising temperatures back to geological
historical average is timely, magic and a dream for our negative
misery-aspiring Democrats.
We
and They see and know zat dem anti-economy grow, penury-equality-aspiring
misery-wuvver (we’re united victims and victimizers) socialists here and
everywhere have been disappointed by the past repeated failures of socialism dictatorship
to take hold and wrest freedom, prosperity, and happy from the U.S. and drive
All us down and back to miserable Old.
Global
warming has been seized upon and is being turned into an effective tool for
reaching their now-within-reach goal of total miserable global socialism.
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