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Biden is the new Carter? (Read 2072 times)
lee
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Biden is the new Carter?
Oct 19th, 2021 at 2:20pm
 
Want proof that the Biden administration is really the second incarnation of the Carter administration? We have runaway inflation, Americans trapped overseas, a member of the first family who tried to do business with Libya and a president begging the Organization of the Petroleum Exporting Countries and allies (OPEC Plus) to increase oil production. It’s like the 1970s all over again.

Gas prices have risen $1 a gallon since Joe Biden’s election, while crude oil prices have doubled since November to $83 per barrel — and some analysts predict they could rise by another $10 before the end of the year. Natural gas prices have shot up more than 150 percent in the same period, which means winter heating bills for the half of American homes that use natural gas are projected to be 30 percent higher than last year — 49 percent higher in the Midwest.

This is the result of deliberate policy choices. Biden has made clear his intention to tax and regulate the fossil fuel industry out of existence. During the 2020 campaign, he declared, “I guarantee you. We’re going to end fossil fuel.”

Well, those threats have consequences. Today, the number of rigs producing oil across the United States is 528, roughly half its 2019 peak under President Donald Trump. When you tell oil producers you plan to put them out of business, they are not going to bolster production or drill more wells. When your $3.5 trillion “Build Back Better” plan would impose punitive taxes oil and gas, the producers are going to get the picture that building back better doesn’t include them.

And when you make clear you plan to destroy an industry, banks and investment firms stop investing in it. The New York Times reports that the “flow of capital from Wall Street has slowed to a trickle after a decade in which investors poured over $1.4 trillion into North American oil and gas producers through stock and bond issues and loans” as woke capitalists “pare their exposure to fossil fuels to meet the commitments they have made to fight climate change.” BlackRock, the world’s largest asset manager, has announced that it intends to have “net zero emissions across our entire assets under management by 2050.”

The result? Less fossil fuel production and higher prices — with lower-income Americans who can afford it the least penalized the most at the pump.

Biden’s energy policy is not only hostile, it is incoherent. The president canceled the Keystone XL pipeline between the United States and Canada, but then greenlighted the Nord Stream 2 pipeline between Russia and Germany. He declares his intention to reduce fossil fuel production at home in the name of climate change, but then asks OPEC Plus to produce more oil abroad. Increased production will result in the same carbon emissions no matter where the oil is drilled. Why not produce it here in America?

Under Trump, the United States became an energy superpower. He withdrew from the Paris climate accord, approved the Keystone XL pipeline, opened the Arctic National Wildlife Refuge to exploration, rolled back Obama-era regulations such as the Clean Power Plan that held back domestic exploration and production, and enabled the United State to supplant Russia and Saudi Arabia as the world’s largest oil producer. That not only created millions of jobs, it made America energy independent for the first time in years. And it transformed the national security landscape, strengthening the United States vis-a-vis Russia, China and Iran.

Now Biden seems determined to cede our status as an energy superpower. In just a few short months, he has brought us back to where we were in the Carter years — pleading with a foreign oil cartel to increase production rather than increasing production ourselves.

During the 1970s, when America was locked in a twilight struggle with Soviet communism, what did the left demand? Nuclear disarmament. It took the election of a new president, Ronald Reagan, who launched a massive nuclear buildup, to secure our position as the world’s preeminent nuclear superpower and win the Cold War.

Well today, America has become the world’s preeminent energy superpower. And what is the left demanding? Energy disarmament. At the very moment the United States has achieved strategic dominance in a critical area for our economic and national security, the Biden administration and its progressive allies want to unilaterally disarm. And with energy prices skyrocketing, Americans are now paying the price for the Democrats’ war on fossil fuels. All we need is for bell bottoms and disco to come back, and our transformation into the Carter era will be complete.

https://www.washingtonpost.com/opinions/2021/10/14/biden-gas-prices-jimmy-carter...
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Jim Lahey
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Re: Biden is the new Carter?
Reply #1 - Oct 19th, 2021 at 5:14pm
 
lee wrote on Oct 19th, 2021 at 2:20pm:
Want proof that the Biden administration is really the second incarnation of the Carter administration? We have runaway inflation, Americans trapped overseas, a member of the first family who tried to do business with Libya and a president begging the Organization of the Petroleum Exporting Countries and allies (OPEC Plus) to increase oil production. It’s like the 1970s all over again.

Gas prices have risen $1 a gallon since Joe Biden’s election, while crude oil prices have doubled since November to $83 per barrel — and some analysts predict they could rise by another $10 before the end of the year. Natural gas prices have shot up more than 150 percent in the same period, which means winter heating bills for the half of American homes that use natural gas are projected to be 30 percent higher than last year — 49 percent higher in the Midwest.

This is the result of deliberate policy choices. Biden has made clear his intention to tax and regulate the fossil fuel industry out of existence. During the 2020 campaign, he declared, “I guarantee you. We’re going to end fossil fuel.”

Well, those threats have consequences. Today, the number of rigs producing oil across the United States is 528, roughly half its 2019 peak under President Donald Trump. When you tell oil producers you plan to put them out of business, they are not going to bolster production or drill more wells. When your $3.5 trillion “Build Back Better” plan would impose punitive taxes oil and gas, the producers are going to get the picture that building back better doesn’t include them.

And when you make clear you plan to destroy an industry, banks and investment firms stop investing in it. The New York Times reports that the “flow of capital from Wall Street has slowed to a trickle after a decade in which investors poured over $1.4 trillion into North American oil and gas producers through stock and bond issues and loans” as woke capitalists “pare their exposure to fossil fuels to meet the commitments they have made to fight climate change.” BlackRock, the world’s largest asset manager, has announced that it intends to have “net zero emissions across our entire assets under management by 2050.”

The result? Less fossil fuel production and higher prices — with lower-income Americans who can afford it the least penalized the most at the pump.

Biden’s energy policy is not only hostile, it is incoherent. The president canceled the Keystone XL pipeline between the United States and Canada, but then greenlighted the Nord Stream 2 pipeline between Russia and Germany. He declares his intention to reduce fossil fuel production at home in the name of climate change, but then asks OPEC Plus to produce more oil abroad. Increased production will result in the same carbon emissions no matter where the oil is drilled. Why not produce it here in America?

Under Trump, the United States became an energy superpower. He withdrew from the Paris climate accord, approved the Keystone XL pipeline, opened the Arctic National Wildlife Refuge to exploration, rolled back Obama-era regulations such as the Clean Power Plan that held back domestic exploration and production, and enabled the United State to supplant Russia and Saudi Arabia as the world’s largest oil producer. That not only created millions of jobs, it made America energy independent for the first time in years. And it transformed the national security landscape, strengthening the United States vis-a-vis Russia, China and Iran.

Now Biden seems determined to cede our status as an energy superpower. In just a few short months, he has brought us back to where we were in the Carter years — pleading with a foreign oil cartel to increase production rather than increasing production ourselves.

During the 1970s, when America was locked in a twilight struggle with Soviet communism, what did the left demand? Nuclear disarmament. It took the election of a new president, Ronald Reagan, who launched a massive nuclear buildup, to secure our position as the world’s preeminent nuclear superpower and win the Cold War.

Well today, America has become the world’s preeminent energy superpower. And what is the left demanding? Energy disarmament. At the very moment the United States has achieved strategic dominance in a critical area for our economic and national security, the Biden administration and its progressive allies want to unilaterally disarm. And with energy prices skyrocketing, Americans are now paying the price for the Democrats’ war on fossil fuels. All we need is for bell bottoms and disco to come back, and our transformation into the Carter era will be complete.

https://www.washingtonpost.com/opinions/2021/10/14/biden-gas-prices-jimmy-carter...


LOL Trump lost, Twice by the popular vote, lost the house AND the senate!
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lee
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Re: Biden is the new Carter?
Reply #2 - Oct 19th, 2021 at 5:18pm
 
Jim Lahey wrote on Oct 19th, 2021 at 5:14pm:
LOL Trump lost, Twice by the popular vote, lost the house AND the senate!


Poor petal. This about Biden. So you have nothing to show any of it wrong. What a maroon (Bugs Bunny) Grin Grin Grin Grin Grin

What was it Obama said? Oh that's right - "Never underestimate Joe's ability to (F)muck thing up"
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Jim Lahey
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Re: Biden is the new Carter?
Reply #3 - Oct 19th, 2021 at 5:20pm
 
lee wrote on Oct 19th, 2021 at 5:18pm:
Jim Lahey wrote on Oct 19th, 2021 at 5:14pm:
LOL Trump lost, Twice by the popular vote, lost the house AND the senate!


Poor petal. This about Biden. So you have nothing to show any of it wrong. What a maroon (Bugs Bunny) Grin Grin Grin Grin Grin



LOL Trump lost
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lee
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Re: Biden is the new Carter?
Reply #4 - Oct 19th, 2021 at 5:22pm
 
What was it Obama said? Oh that's right - "Never underestimate Joe's ability to (F)muck thing up"
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Jim Lahey
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Re: Biden is the new Carter?
Reply #5 - Oct 19th, 2021 at 5:22pm
 
lee wrote on Oct 19th, 2021 at 5:22pm:
What was it Obama said? Oh that's right - "Never underestimate Joe's ability to (F)muck thing up"


LOL Trump lost
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lee
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Re: Biden is the new Carter?
Reply #6 - Oct 19th, 2021 at 5:23pm
 
Poor petal. You are showing your level of intellect again. Grin Grin Grin Grin Grin
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Jim Lahey
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Re: Biden is the new Carter?
Reply #7 - Oct 19th, 2021 at 5:27pm
 
lee wrote on Oct 19th, 2021 at 5:23pm:
Poor petal. You are showing your level of intellect again. Grin Grin Grin Grin Grin


LOL Trump lost
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aquascoot
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Re: Biden is the new Carter?
Reply #8 - Oct 19th, 2021 at 5:27pm
 
lee wrote on Oct 19th, 2021 at 5:23pm:
Poor petal. You are showing your level of intellect again. Grin Grin Grin Grin Grin



gweggy is as demented as Joe.

he's forgotten his name is gweggy and he thinks its jim lahey
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lee
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Re: Biden is the new Carter?
Reply #9 - Oct 19th, 2021 at 6:16pm
 
They do say small things amuse small minds. Having a sock must be so stimulating. Wink
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Jim Lahey
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Re: Biden is the new Carter?
Reply #10 - Oct 19th, 2021 at 6:43pm
 
lee wrote on Oct 19th, 2021 at 6:16pm:
They do say small things amuse small minds. Having a sock must be so stimulating. Wink



LOL Trump lost
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Grappler Truth Teller Feller
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Re: Biden is the new Carter?
Reply #11 - Oct 19th, 2021 at 6:53pm
 
I doubt he has the energy to keep up with a Carter...
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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lee
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Re: Biden is the new Carter?
Reply #12 - Oct 19th, 2021 at 6:54pm
 
poor old Jimbo
Has only one string to his bow.
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Dnarever
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Re: Biden is the new Carter?
Reply #13 - Oct 19th, 2021 at 7:05pm
 
The only comparable autocratic leader like Trump was a European and you are not allowed to use his name. Hey They even had white nationalists in common.
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lee
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Re: Biden is the new Carter?
Reply #14 - Oct 19th, 2021 at 7:13pm
 
Dnarever wrote on Oct 19th, 2021 at 7:05pm:
The only comparable autocratic leader like Trump was a European and you are not allowed to use his name. Hey They even had white nationalists in common.


The deflection is strong in this one. Wink

But tell us more about Biden's fully funded promises.
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