Biden’s Energy Depression Is Nigh
What will skyrocketing energy prices mean for U.S. consumers this winter? Seniors, the poor, those living paycheck to paycheck will suffer most. But all will suffer.
The effect of these increases — the lack of trickle-down economics — seems pretty obvious. Unless someone powerful gets this administration to sweep the deck of climate radicals, people will needlessly die. All will suffer.
On his first day in office, President Biden shut down the Keystone XL pipeline, closed Alaska’s reserves (ANWR), canceled offshore leases, and imposed massive new regulatory burdens on firms that distribute clean natural gas and petroleum products that contribute to every aspect of American life.
When gas prices skyrocketed earlier this year, the administration began draining the Strategic Petroleum Reserveto historically (and dangerously) low levels. This has temporarily kept prices in check, but only because of the midterm elections. After the midterms, if the radicalized EPA isn’t reined in, we should prepare for $8 gas, minimum. If Democrats retain power, we are in for a succession of long, dark winters.
If left unchecked, this “progressive” administration will touch off — needlessly — a second Great Depression.
Hat tip: BadBlue Uncensored News.
