The Biden regime on Friday discussed raising the rates for energy companies to drill for oil and natural gas on public lands amid rising fuel prices and after having tapped the country’s Strategic Petroleum Reserve just days before. This from westernjournal.com.
A report from the U.S. Department of the Interior cited climate concerns when recommending that companies pay more, as the federal government attempts to lower the price of fuel at the pump.
The report was ordered by Biden when he took office in January.
The report said the federal oil and gas program is harmful to the environment and called for royalty rates, bonding rates and other fees for energy companies to be raised.
Companies drilling on federal land currently pay a minimum royalty rate of 12.5 percent. It was not immediately clear on Friday how raising rates for oil leases could work to lower gas prices.
On Tuesday, Biden handlers ordered 50 million barrels of oil to be released from the strategic reserve.
“It will take time, but, before long, you should see the price of gas drop where you fill up your tank,” he said. “And in the longer term, we will reduce our reliance on oil as we shift to clean energy.”
He further said that higher gas prices are not related to his Regime’s green energy initiatives. And this we can believe, yes?
“I also want to briefly address one myth about inflated gas prices: They are not due to environmental measures. My effort to combat climate change is not raising the price of gas or increasing its availability. It — what it is doing: It’s increasing the availability of jobs. Jobs building electric cars, like the one I drove at the GM Detroit — at the GM factory in Detroit last week,” he said.
The Interior Department’s suggestion to hike up the rate for drilling leases, along with Biden’s announcement he would tap into the country’s oil reserve, came the same week that Energy Department Secretary Jennifer Granholm admitted she had no idea how many barrels of oil Americans consume daily during a news briefing.
“I don’t have that number in front of me. Sorry,” Granholm responded.
The reporter pointed out that the number is somewhere around 18 million barrels, and that the administration’s decision to tap into the emergency reserve will flood the market with enough crude to cover roughly three days of crude used under normal circumstances.
It’s all merely eye wash to prop up sagging public opinion of an inept, installed, masquerading puppet who is being handled by an idealist cadre of fools who can’t get a handle on their own asses despite using both hands.
This raise of oil drilling fees is a dumb idea preceded by an even dumber idea—addressing climate change—by the dumbest cadre of fools ever to step into the White House.
To quote Fred G. Sanford: “You big dummy!” and “This is the big one. I’m dying.”
God help us every one.
