With Americans paying around $5 for a gallon of gas, President Joe Biden has tried to defuse the criticism by blaming Russia, oil companies, and most recently gas stations for the sky-high prices.
But recently, Biden revealed one more time that his green agenda is the reason, as his administration suggests it will BLOCK new drilling for gas and oil off America’s east and west coasts and the Gulf of Mexico.
U.S. President Joe Biden has proposed blocking all new drilling in the Atlantic and Pacific Oceans as the world cries out for more energy from more sources far from Russia, the Middle East, and the OPEC oil cartel.
Biden is also moving to shut down exploration and production of oil and gas on onshore federal lands while acknowledging the importance of fossil fuels in the U.S. energy landscape, as Breitbart News reported.
How high could a gallon of gas go?
The current price for a barrel of oil is just around $108 US and JP Morgan says a worst-case scenario could see it hit $389 US a barrel, with others suggesting that $150 to $200 a barrel isn’t out of the question. READ: JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut AND Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices, an SEB analyst says
MEANWHILE, IN BRITAIN: Energy Rationing ‘Inevitable’ Under Boris Johnson’s Green Agenda, Warns Lord Frost
AND IN GERMANY: Germany’s Energy Crisis Could Worsen Amid Low Wind Power Output