Had Democrats spent the last 3.5 years liberating US oil/gas investment, production, and transport instead of strangling them, energy would be far cheaper.
Great post. It should be added that Democrats attempt to temporarily conceal the impact of their suicidal policies by releasing vast amounts of petroleum out of the emergency stockpile called the The Strategic Petroleum Reserve. Dispensing with this stockpile is a national security threat and it is unwarranted to do so in a politically motivated attempt to reduce prices at the pump ahead of the midterms.
You've hit the nail on the head. Now get ready because it gets worse:
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"The original intent of the SPR was to insulate the US from significant oil supply shocks and to ensure requisite industries – most notably the US military – had ready access to energy resources during times of significant national emergencies. Over time though, the SPR has gradually become politicized. In 2015, Congress began using it to game the Congressional Budget Office’s (CBO) score of major funding bills, mandating sales in the future to make present-day spending appear “deficit neutral.” For example, The Fixing America’s Surface Transportation Act of 2015 calls for SPR sales totaling 66 million barrels from US fiscal years 2023-2025, while the Tax Cuts and Jobs Act of 2017 calls for the sale of 7 million barrels over US fiscal years 2026 and 2027. The Bipartisan Budget Act of 2018 calls for the sale of 100 million barrels between 2022 and 2027.
And on it goes.
There’s nothing strategic about such mandates, but they have served to normalize the conversion of this national insurance policy into a political piggy bank. To overturn these future mandated sales would require offsetting budget cuts elsewhere – in other words, it’s not going to happen. In the past year, President Biden has taken things to the next level, draining the SPR at an unprecedented rate in a desperate, temporary attempt to keep a lid on the price of gasoline ahead of the 2022 midterm elections. "
Great post. It should be added that Democrats attempt to temporarily conceal the impact of their suicidal policies by releasing vast amounts of petroleum out of the emergency stockpile called the The Strategic Petroleum Reserve. Dispensing with this stockpile is a national security threat and it is unwarranted to do so in a politically motivated attempt to reduce prices at the pump ahead of the midterms.
You've hit the nail on the head. Now get ready because it gets worse:
----
"The original intent of the SPR was to insulate the US from significant oil supply shocks and to ensure requisite industries – most notably the US military – had ready access to energy resources during times of significant national emergencies. Over time though, the SPR has gradually become politicized. In 2015, Congress began using it to game the Congressional Budget Office’s (CBO) score of major funding bills, mandating sales in the future to make present-day spending appear “deficit neutral.” For example, The Fixing America’s Surface Transportation Act of 2015 calls for SPR sales totaling 66 million barrels from US fiscal years 2023-2025, while the Tax Cuts and Jobs Act of 2017 calls for the sale of 7 million barrels over US fiscal years 2026 and 2027. The Bipartisan Budget Act of 2018 calls for the sale of 100 million barrels between 2022 and 2027.
And on it goes.
There’s nothing strategic about such mandates, but they have served to normalize the conversion of this national insurance policy into a political piggy bank. To overturn these future mandated sales would require offsetting budget cuts elsewhere – in other words, it’s not going to happen. In the past year, President Biden has taken things to the next level, draining the SPR at an unprecedented rate in a desperate, temporary attempt to keep a lid on the price of gasoline ahead of the 2022 midterm elections. "
https://doomberg.substack.com/p/past-the-salt
I agree! I wonder what a Republican Government would do to abolish the Jones Act so that FF can be shipped easily within the US ports and borders?