Refuting claims that Biden caused the increase in gas prices
Does president Biden direclty control gas prices at the pump? Just in the US? Or in the world?
UK vs US gasoline prices over the last 10y. They’re in lock-step. So if you’re claiming that Biden directly controls gas prices, then he must being coordinating it with the UK gas prices for the last 10y as well to keep them in sync?
Same also applies to Canadian gas prices, BTW.
Biden caused increase in gas prices by cancelling Keystone pipeline and rules he put in place against US energy producers!
Biden caused increase in gas prices by cancelling Keystone pipeline:
The Keystone XL Pipeline:
Is not built yet, and would not have been ready for years still (2030?)
Doesn’t increase U.S. oil production.
Would have carried Canadian tar sands to refineries in other countries.
can't be used for gasoline
Rejoined Paris Climate Agreement -- how has this actually affected any oil production in the US?
Issued moratoriums for oil and gas permits on fed land - apparently there are 9000 existing permits in-hand for gas and oil production that haven't been acted on. Only a small percentage of those are on fed land. It's not like the gas companies don't already have a huge backlog of places they could drill new wells. They just aren't.
Stifled innovation w/ burdensome regs - be specific - what regs have stifled what innovation that has actually impacted oil production in the US?
Politifact check:
The facts on U.S. oil productionThere are many factors at play in the steady climb in gas prices since Biden took office, including increased demand after pandemic lockdowns ended, inflation and, now, the war in Ukraine. But lower oil production in the U.S. isn’t one of them.
America produced 11.185 million barrels of crude oil per day in 2021, compared with 11.283 million a year earlier under Trump. The amount produced in Biden’s first year exceeds the average daily amount produced under Trump from 2016 to 2018, according to data from the U.S. Energy Information Administration.
Biden did issue an executive order his first month in office that paused new oil and gas lease sales on government land pending a review, but that order was struck down by a federal judge in June.
Despite claims to the contrary, oil production was unphased in the U.S. following the order. And cancellation of the Keystone Pipeline didn’t impact production levels, as many Biden critics have alleged. In addition, Biden has surpassed Trump in issuing drilling permits on public land, the Washington Post reported in January.
