Saudis Respond To Biden: Your Energy Crisis Isn’t Our Problem
US gas prices at the pump (national average) are at $3.421, having soared since President Biden was elected – much like they did when President Obama was elected – to some of the highest prices in history…
President Biden refuses to take any blame for this. Instead of realizing the climate-crisis-focused policies are impacting the fossil fuel supply chain before the replacements are ready to fill the void, he has blamed COVID and OPEC+ – driving America to be more dependent on foreign oil rather than increase production domestically.
“Oil is not the problem… The problem is the energy complex is going through havoc and hell.”
Of course, always wanting to signal their virtue and follow the narrative – and amid the farce that is COP26 – Democrats have decided that this is the right time to offer a bill that stops banks from financing fossil fuel plans.
Senators Edward Markey and Jeff Merkley introduced the bill which would would require the Federal Reserve to mandate that major banks stop the financing of projects that emit greenhouse gas emissions.
The legislation would prohibit financing of new or expanded fossil fuel projects by 2022 and prohibit the financing of all fossil fuel projects by 2030. It would also prohibit thermal coal financing by 2025.
Which, of course, will lead to less development, lower supply, and higher and higher prices…
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