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Thorner: Biden’s plan for $15 gallon gasoline

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Permian Basin Oil Boom EH TT 09

By Nancy Thorner - 

In case you missed this, our government wants to shut down the Permian Basin.

On July 1, 2022 David Blackmon at Forbes reported the following:  “EPA Targets Permian Basin, Widening Biden’s War On Oil And Gas.”

The Permian Basin  is currently the most productive oil and gas region in the United States, providing about 43% of the oil production and 15% of the gas of the entire country. The Permian Basin is also the site of about 40% of the nation’s active drilling rigs, according to the Enverus daily rig count.   And so, it seems that EPA is gearing up to declare the Permian Basin a so-called ‘non-attainment area’ with respect to ozone."

Wrote Blackmon: [T]he Environmental Protection Agency (EPA) announced [this week that] it may soon issue a ruling declaring that vast parts of the Permian Basin are in ‘non-attainment’ status under the agency’s ozone regulations. If such a declaration is made, it will constitute a direct governmental assault on what is by far America’s most active and productive oil-producing region and its second most-productive natural gas area. 

Blackmon again: What would be the effect of such a declaration on current and future U.S. domestic oil and gas production?

Placing the Permian Basin in non-attainment status would force a significant reduction in the region’s rig count, severely limiting the domestic industry’s efforts to increase U.S. oil production at a time when the global oil market is already severely under-supplied.

“Texas Governor Greg Abbott promptly called on the Biden Administration to back off, saying that an EPA ‘non-attainment declaration ‘could interfere in the production of oil in Texas which could lead to skyrocketing prices at the pump by reducing production, increase the cost of that production, or do both.’"

 
But Blackmon notes, "The plan comes from an office headed by a Biden-appointed anti-fossil-fuel activist and thus is likely a core element of the administration’s program: “Mr. Biden appointed Joe Goffman, another of the many anti-fossil fuel activists that now hold senior posts at his various agencies, to head up EPA’s Office of Air and Radiation on an acting basis. That appointment might have been made with this specific policy action in mind.”

Meanwhile, over at the Interior Department, July 1 was also the day for issuance of a statutorily mandated five-year offshore oil and gas leasing plan.  Nicholas Groom at Reuters has a summary here.  "The bottom line is, we’re going to completely shut down leasing off both the Atlantic and Pacific coasts, but maybe we’ll allow a little in the Gulf of Mexico or the Cook Inlet (Alaska). The number of auctions over the five-year period will be in the range of ‘zero to eleven,’ and supposedly we’ll take public input as to which way to go."

 
Interior Secretary Deb Haaland in a statement left no doubt as to where she wants and expects this to come out: “‘From Day One, President Biden and I have made clear our commitment to transition to a clean energy economy,’ Haaland said in a statement. '"Today, we put forward an opportunity for the American people to consider and provide input on the future of offshore oil and gas leasing. The time for the public to weigh in on our future is now."'
 
Who else wants high gas prices?
 
The WEF, using the COVID lockdowns shifted their globalist agenda into hyperspeed.
 
On Monday, July 11, 2022, the WEF released a position paper that tries to link, what they have identified as, two “global crises” as one – “climate change” and the “decline of democracy.”
 
It says fighting the former can save the latter as long as consumers stop burning coal, oil, and gas in exchange for green renewables.
 
The WEF paper argues for the past 15 years, democracy has been in decline worldwide. To protect and promote freedom, “leading democracies must strengthen their economies and safeguard liberty.”
 
It says the alternatives to green energy must be priced out of the market.
 
First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition.
 
The leading democracies of the G20 should collectively commit to phasing out cost and tax breaks for the production and consumption of fossil fuels. They should also phase in more efficient pricing of fossil fuels through taxes or tradable permits to cover the costs of local air pollution, global warming, and other economic damages.
 
The paper insists that compliance can and must be enforced.
 
Forcing other economies to reform their under-pricing of fossil fuels to avoid the penalties imposed by the policy should also be actively pursued, according to the WEF, with U.S. President Joe Biden already committed to punishing the fossil fuel industry out of existence.
 
The paper concludes that by delaying a clean energy transition, “leading democracies are making their economies more vulnerable through continued reliance on fossil fuels.
 
Conclusion
 
Every country where green energy has been tried has failed.  Fossil Fuels is the only thing that makes this nation a rich country.  Check out what is happening now in Sri Lanka and in the Netherlands
 
Want $15 or more gallon of gas? Vote Democrat.

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4 COMMENTS

  1. When gas costs more per gallon than many make per hour, nobody is going to build houses, renovate, redecorate, go on vacation, go shopping for S&Gs, Go out on the town, and many won’t even work because they can’t pay for the gas to get them to and from work. They won’t go to the doctor until it is an emergency.
    You are talking about $180 to fill a 12 gallon tank of gas. I work 3 miles from home and only make 220 per week. Does this seem economical to you? FJB and his puppet-master!