Biden's energy screw up could get much worse

 Charles Lipson:

Biden’s looming energy crunch 
If Putin invades Ukraine, who will fill the supply gap caused by sanctions?
...

The political question for Joe Biden is simple and painful: will an energy crunch force the administration to change its pro-green policies, which have curtailed supplies? Those policies have already meant higher costs for consumers to fill up their cars and heat their homes. Those mischievous stickers on gas pumps, showing Joe Biden pointing at the price-per-gallon and saying “I did that,” are cruel but correct. Sanctions on Russia would raise those prices even higher. Moreover, the increases would come on top of surging inflation and slumping real wages, posing more political problems for an administration that already has too many of them.

...

What should also be noted is that Biden's restrictions on US energy that are driving up the price are helping to fund Russian aggression.  Russia is one of the primary beneficiaries of Biden's restriction on the supply.  It has given him the resources to go to war.  One of the by-products of sanctions will mean more increases in the price of energy as Europe seeks other resources. 

Biden's pander to Big Green has been a disaster not only for US consumers but for world peace.  It is one of his many big blunders since taking office.  It is also adding fuel to inflation which is another of his screw-ups.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more