Facts:
1. The last few years US oil production highest ever. Huge records in barrels per day.
2. Demand for oil in USA now is actually lower than Trump pre-Covid high demand.
www.ceicdata.com
Given the above....so why are gas price now $0.75 - 1.50/gallon higher than Trump pre-Covid years?
Answers.....in order of causation...
1. Biden/Harris regulations & new oversight rules enacted are the main reason your energy is higher. From the article below....
"The Biden Administration’s whole-of-government avalanche of regulations has imposed over $1 trillion in additional regulatory costs on American businesses and consumers"
2. World instability caused by Biden/Harris admin enriching Iran via oil sales not allowed previously. Terror proxies cause market & transportation problems.
3. Ukraine war financed by USA in the past added instability to market was a problem, but market has adjusted to that blip. Biden dipped heavily into SOR to help the transition.
oversight.house.gov
The higher energy prices will continue until a new administration removes these onerus regulations.
But make no mistake Biden/Harris is why you pay more at the pump.
1. The last few years US oil production highest ever. Huge records in barrels per day.
2. Demand for oil in USA now is actually lower than Trump pre-Covid high demand.
US Oil Consumption, 1965 – 2024 | CEIC Data
US Oil Consumption was reported at 18,983.557 Barrel/Day th in Dec 2023. This records an increase from the previous number of 18,862.210 Barrel/Day th for Dec 2022.
Given the above....so why are gas price now $0.75 - 1.50/gallon higher than Trump pre-Covid years?
Answers.....in order of causation...
1. Biden/Harris regulations & new oversight rules enacted are the main reason your energy is higher. From the article below....
"The Biden Administration’s whole-of-government avalanche of regulations has imposed over $1 trillion in additional regulatory costs on American businesses and consumers"
2. World instability caused by Biden/Harris admin enriching Iran via oil sales not allowed previously. Terror proxies cause market & transportation problems.
3. Ukraine war financed by USA in the past added instability to market was a problem, but market has adjusted to that blip. Biden dipped heavily into SOR to help the transition.
![oversight.house.gov](/proxy.php?image=https%3A%2F%2Foversight.house.gov%2Fwp-content%2Fuploads%2F2023%2F01%2Fsocial-share.png&hash=d515be6f50082ef62cd5c3c9e7336e94&return_error=1)
Comer Releases Report on the Biden Administration’s Detrimental Green New Deal Agenda - United States House Committee on Oversight and Accountability
United States House Committee on Oversight and Accountability
The higher energy prices will continue until a new administration removes these onerus regulations.
But make no mistake Biden/Harris is why you pay more at the pump.
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