Biden’s Decision To Stop The Keystone Pipeline Absolutely Hiked Gas Prices
A White House desperate to evade blame for record gas prices is now trying to dismiss claims its decision to stop the Keystone XL Pipeline did anything to amplify Americans’ pain at the pump.
“Any action on Keystone wouldn’t actually increase supply, and it would transmit oil years in the future,” National Economic Council Director Brian Deese told
CNBC earlier this month. “What we need right now is to address the immediate supply disruption.”
The supply disruption felt by American consumers today deceptively labeled
by the president as “Putin’s Price Hike” wouldn’t be nearly as severe had the administration pursued a sustainable energy policy from day one, with domestic production ready to offset overseas turmoil. On day one, however, President Joe Biden followed through on his campaign promise to launch a regulatory assault against the nation’s oil and gas producers in the name of climate change.
New drilling leases on federal lands were brought to a halt by Biden’s illegal executive order
, and Biden unilaterally revoked the cross-border permit for the Keystone XL Pipeline to transport oil from the Canadian Tar Sands to Gulf Refineries. Fifteen months later, an unpopular administration desperate to save political capital and bring down gas prices is searching for ways
to import Canadian crude after the White House terminated the project to accomplish exactly that.
Transport by train or truck presents far more environmental risks than by pipe, also undermining the administration’s decision to cancel the Keystone XL Pipeline.
President Joe Biden followed through on his campaign promise to launch an assault against American oil and gas producers on day one.