Because of Biden’s Anti-American Energy Agenda, Families Will Be Forced To Pay Even More To Heat Their Homes And Fill Up Their Gas Tanks

BIDEN’S ANTI-AMERICAN ENERGY AGENDA

• After the Biden administration begged OPEC to produce more oil for nearly a year, OPEC has announced they are going to cut oil production by two million barrels per day.
  • Meanwhile, average U.S. gas prices are back up to nearly $4 per gallon, more than $1.50 higher than when Biden took office.
• Biden halted oil and gas leases on federal lands, cancelled the Keystone Pipeline, and proposed billions in new taxes on the U.S. fossil fuel industry.
• Instead of unleashing American energy producers, Biden depleted 30 percent of the U.S. Strategic Petroleum reserve, and now wants to release 10 million more barrels despite it being at its lowest level in four decades.
  • In 2020, Democrats blocked the Trump administration from filling the Strategic Reserve at $24 per barrel, but now Biden wants to fill it at $80 per barrel.
• It’s no wonder why 60 percent of Americans say energy is heading in the wrong direction under Biden.

BIDEN FAVORS FOREIGN OVER DOMESTIC OIL

• Instead of visiting states like Texas, Pennsylvania, and North Dakota to ramp up U.S. energy production, Biden has continuously begged hostile foreign nations to produce oil.
  • Last November, OPEC ignored calls from Biden to pump more oil.
  • In February, Biden had a call with Saudi Arabia where he begged for oil.
  • In March, the administration traveled to Venezuela to enter discussions with the illegitimate, criminal Maduro regime to pump more oil.
  • In March, Biden’s Transportation Secretary Pete Buttigieg admitted buying oil from Iran is “on the table.”
  • In July, Biden traveled almost 7,000 miles to Saudi Arabia to personally beg for more oil.
  • Last week, Biden “launched a full-scale pressure campaign” to dissuade OPEC from cutting oil production.
• Biden’s diplomacy was so bad that even though OPEC was originally considering a cut of one million barrels per day, the cartel announced an actual production cut of two million barrels per day.
• Faced again with a chance to unleash American energy, the Biden administration is instead planning to ease sanctions on Venezuela in exchange for oil.

KILLING AMERICAN ENERGY: A PROMISE KEPT BY BIDEN

• As president, Biden has spent the last year and a half pushing policies meant to crush American energy.
• On his first day in office, the Biden administration “issued a memo suspending the authority of the local Bureau of Land Management offices to approve leases, drilling permits, and mining operations.”
  • The same day, Biden cancelled the Keystone XL pipeline which killed 11,000 jobs.
  • Former Obama economic adviser Larry Summers: Biden "made a mistake by canceling the Keystone pipeline," "slowing down all kinds of permitting," and "being hostile" to "natural gas.”
  • This pipeline would have become operational just a few short months from now.
  • Biden also reinstatedObama-era energy regulations and began the process of rolling back pro-U.S. energy regulations from the Trump-era.
• In June 2021, the Biden administration suspended oil and gas leases in the Arctic National Wildlife Refuge (ANWR).
• Last November, the Biden administration announced multiple policies that targeted American-made energy.
  • The administration proposed increasing royalty rates on domestic oil production and limiting areas available for development, which would ultimately make it more expensive to drill for oil and gas on public lands.
  • The administration admitted it was “studying” shutting down the Line 5 Pipeline in Wisconsin and Michigan.
  • The administration announced new regulations for methane emissions which are expected to cost U.S. producers over $1 billion a year.
• In February, the Biden administration indefinitely delayed planned oil and gas lease sales on public lands.
• In March, Biden took new steps to suppress American energy, declining “to appeal a federal court decision vacating the only lease sale held on federal lands or waters.”
• In May, The Biden administration announced a new rule requiring companies to “disclose greenhouse emissions.”
  • The rule will be costly for businesses and make it more difficult for U.S. oil and gas companies to fund their operations.
  • Starving U.S. oil and gas producers of financing could “have the unintended consequence of driving most of the production to national oil companies (NOCs),” foreign state-owned or controlled oil companies like PetroChina and Venezuela’s PDV.
• Last week, it was announced that the Biden administration is weighing a “complete block on offshore oil drilling” which supplies 15 percent of America’s oil and gas.

BIDEN’S ANTI-AMERICAN ENERGY AGENDA HAS EMPTIED AMERICANS’ POCKETS

• This winter, Americans should expect to pay 17 percent more for their heating bills, “reaching the highest cost in more than a decade.”
  • Jason Bell from Pennsylvania: “The prices of everything have escalated to the point that a part-time job may not be enough to supplement the increases of bills that we have budgeted.”
  • Deanna Schultz from Illinois: “Last month I had $16 left after paying bills.”
• As of August, a “historic” amount of households – one in six – are behind on utility payments due to “soaring energy costs.”
  • In 2021, “55.3 million Americans struggled to afford their energy bills.”
• On top of higher heating bills, U.S. gas prices are now on the rise at nearly $4.00 per gallon.
  • The only solution Biden has offered for Americans struggling to pay these high prices is to buy a $66,500 electric vehicle.