Energy costs are crushing families and businesses.
The Biden administration is blaming gas stations, energy producers, and even the war between Russia and Ukraine…
But that’s not true.
Why are prices so high?
To paraphrase the great economist Milton Friedman, inflation is “too much money chasing too few goods, which leads to rising prices.”
When the Federal Reserve prints excessive money, the dollar’s value drops, making everything more expensive.
But it’s not just government overspending causing inflation—gas and oil prices are soaring due to a dwindling supply caused by President Biden’s Executive Orders and the Energy Department’s horrendous “Green New Deal” energy policies.
Biden’s policies perfectly illustrate Freidman’s theory: Less oil and gas production creates high pump prices.
The Biden Administration claims to be working on lowering gas and oil prices while simultaneously throttling back oil and gas production— It’s all part of the great deception. Biden promises to lower gas prices but institutes policies that raise them.
Right now, the oil industry is “treading water,” but as Biden calls for production to fall even more, America could be on the road to economic collapse.
Here’s what Biden has done in just the last year:
- Access Cut Off: Quarterly lease sales suspended, despite legal requirements.
- Drilling Permits Delayed: Slower approval processes are stalling new projects.
- Federal Lands Locked Up: Access to federal lands for development has been restricted.
- Producer Costs Increased: New regulations and costs burden energy producers, driving up prices for everyone.
Recent Actions and Their Impact
In August 2023, the Bureau of Land Management (BLM) banned new oil leasing on 1.6 million acres in Colorado, designating nine zones as “areas of critical environmental concern.”
This move affects over 100,000 acres, hurting many Native American tribes that rely on revenue from mining and drilling.
In a settlement with green activists, the Biden administration restricted oil and gas leasing across 11 million acres in the Gulf of Mexico, aligning with Biden’s campaign promise to end fossil fuels and achieve net-zero carbon emissions by 2050.
President Joe Biden campaigned on a promise to eliminate federal drilling projects on federal lands. Biden also delivered a “guarantee” as a candidate in 2019 that his administration would “end fossil fuels.”
Drilling Bans and Lease Reductions
- September 2023: The Department of the Interior (DOI) announced the smallest number of oil and gas lease sales in history, focusing instead on offshore wind development under the Inflation Reduction Act (IRA).
- April 2024: The Biden administration banned drilling on 13.3 million acres in Alaska’s National Petroleum Reserve, citing a commitment to conservation and addressing the climate crisis. This decision affects nearly half of the Reserve’s 23 million acres, further limiting new oil and gas leasing. The decision was part of his administration’s push to “meet the urgency of the climate crisis.”
These actions reflect a broader climate agenda to phase down offshore oil and gas in the Gulf of Mexico, which in 2021 accounted for about 15% of total U.S. crude oil output.
The Bureau of Land Management (BLM) is also withdrawing some 2.8 million acres of the Beaufort Sea, ensuring the entire US Arctic Ocean is off limits to new oil and gas leasing.
These decisions aligned with the Biden administration’s sweeping, radical climate agenda, which aims to achieve net-zero carbon dioxide emissions in the U.S. energy sector by 2035 and the entire U.S. economy by 2050.
Industry and Legislative Backlash
These policies exacerbate inflation and energy costs:
American Petroleum Institute (API): Senior VP Dustin Meyer labeled the Alaska drilling ban “another step in the wrong direction,” stressing the need for American energy leadership.
“This misguided rule from the Biden Administration sharply limits future oil and natural gas development in Alaska’s National Petroleum Reserve, a region explicitly intended by Congress to bolster America’s energy security while generating important economic growth and revenue for local Alaskan communities,” Meyer said.
API President Mike Sommers called the restrictive offshore leasing program a move that undermines energy production and affordability.
“In the face of skyrocketing inflation nationwide, the Biden administration persists in failed energy policies that exacerbate the pain Americans feel every time they fill up at the gas pump,” remarked Mike Sommers, President and CEO of the American Petroleum Institute.
He criticized the administration’s restrictive offshore leasing program as part of a broader strategy that undermines America’s energy production prowess, limits access to affordable energy, and diminishes our global leadership.
Chairman Pete Stauber of the House Committee on Natural Resources echoed these concerns, condemning President Biden’s energy policies for driving up economic hardship at the pump and advocating for a return to American energy independence.
Stauber pointed out Biden’s decisions, from canceling the Keystone XL Pipeline to restricting oil and gas development in Alaska, arguing that these actions penalize American consumers with higher fuel costs.
He emphasized the necessity of embracing America’s abundant energy resources instead of relying on foreign oil, stressing that growing energy demands require a robust domestic production strategy.
Stauber concluded by asserting the urgent need for the Biden administration to pivot away from its current policies to effectively meet America’s future energy needs.
The Bottom Line
The Biden Administration’s extreme effort to reduce oil and gas supply drives up prices and strains American households and businesses.
As energy demand grows, Biden’s restrictive policies make gas and oil unaffordable and jeopardize our nation’s energy security.
- Oil and gas companies want to drill and produce.
- Investors want to invest in oil and gas.
- Consumers and businesses want lower prices.
It’s time to become energy independent, lower costs for consumers and businesses, and export oil.
Trump was on the verge of making us energy-independent, opening up drilling in 2016 and making America the largest oil exporter by 2020.
What do you think? Leave a comment in the comment section below or email me at [email protected]
Action Steps:
1) Pray for our country.
2) Volunteer, donate (money/time), and vote to replace these radicals in Congress, the Senate, and the Presidency.
3) Order my new book, The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream
Chapter 3: Danger #2: The Growing Economic Crisis: 7 Misunderstood Problems That Are Crippling Our Economy delves into the heart of the economic storm that threatens the very foundation of the American Dream.
Chapter 3 exposes the seven misunderstood problems crippling our economy, a searing exploration of the perilous path we tread due to economic mismanagement by radical ideological socialist politicians and bureaucrats.
Unchecked government spending is pushing the nation to the brink of economic collapse. The looming specter of inflation, deficits, and soaring debt threatens to shatter the stability we once took for granted. The radical socialists, in their pursuit of misguided policies, are inadvertently devaluing the very currency that forms the backbone of our economic strength.
The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream exposes lies, myths, and distortions from the media and politicians.
It gives you answers and solutions to turning America around…
It allows you to share these dangers and a solution to cutting through the deception with friends and family.
It exposes under-the-radar and little-known behind-the-scenes reasons America is falling backward and how to make it move again.
Click here to get The Great Deception – Craig Huey
You can order the book on Amazon HERE
You can also get the audiobook version HERE.
You can also get an autographed edition online HERE or by phone at 615-814-6633 (M-F, 10 am to 3 pm).
You can also send a check for $26.13 (including shipping) payable to Media Specialists and send it to this address:
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