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Biden’s Energy Sec can’t answer the most basic question about gas prices

Energy Secretary Jennifer Granholm doesn’t have the answer to the basic question that people in her position must know: How many barrels of oil does the United States consume per day?

Gasoline prices are currently at the highest in seven yearsand spike is a major component in Inflation rate 6.9 percent the country is going through, highest in 31 years.

At a White House news briefing on Tuesday, Granholm speak, “We, in this administration, don’t allow unrest when we look at the market to find the cause behind the high prices.”

“This administration has looked at every single tool we can use to protect families from rising fuel costs,” the former Michigan governor added.

Granholm noted that President Joe Biden has authorized the release of up to 50 million barrels of oil from Strategic oil reserves in the coming weeks.

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SPR holds up to 727 million barrels. In 2020, former President Donald Trump command it will be filled when crude oil price is low.

A reporter request How many barrels of oil per day does the American Granholm consume?

“I don’t have that number in front of me. I’m sorry,” she replied.

It was a decent response after claiming the authorities “didn’t leave any stones behind when we checked the market.”

The most basic information that one needs to look at the market would have to be supply and demand.

Follow-up reporter quotes a number from the US Energy Information Administration website said the country consumed more than 18 million bpd in 2020, the lowest level since 1995.

He pointed out that the release of 50 million barrels of oil would equate to less than three days of consumption.

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Granholm replied that the aim is to supply oil in the coming weeks, not all at once, as a bridge to ease price pressures.

The clerk predicts prices will start to fall through December and into the new year.

However, Granholm has emphasized repeatedly that the Biden administration’s long-term solution is “clean construction,” with energy sources like wind and solar.

USA is producing nearly 2 million barrels oil production under Biden is one day less than at its peak under Trump, during which the nation’s government became net energy exporter for the first time in nearly 70 years.

Granholm told reporters she’s not sure why oil production hasn’t rebounded, noting that there are 150,000 fewer workers in the industry and 250 fewer rigs working now than there were before COVID.

Well, let me help the secretary.

On Biden’s first day in office, he canceled Keystone XL . Pipeline, is expected to ship 800,000 barrels of oil per day from Canada to refineries in Texas.

And he halted the issuance of oil and gas exploration permits on federal lands, and his Interior Secretary shut down drilling in Arctic National Wildlife Refuge in Alaska too.

NS EIA reported in April that oil production at the Frontier finally hit its lowest level in more than 40 years in 2020.

The downtrend has continued since the late 80s and the opening of the ANWR, which has the capacity to hold more than 10 billion barrels of untapped oil reserves, offers an opportunity to reverse the trajectory.

Earlier this month, Granholm laughed when asked what her plan was to increase oil production in the US.

“That was hilarious,” she replied. “Do I have a magic wand on this one?”

You know former President Barack Obama in 2016 said no Magic wand that Trump could wave to bring factory jobs back, but the 45th president figured it out.

He also locates the wand that helps the United States become leading oil producer In the world.

If Granholm and Biden have any questions, just look at Trump’s policies, and the path back to the downside becomes very clear.

Randy DeSoto has written more than 2,000 articles for The Western Journal since he joined the company in 2015. He is a graduate of West Point and Regent University Law School. He is the author of the book “We Hold These Truths” and the screenwriter of the political documentary “I Want Your Money”.

Place of birth

Harrisburg, Pennsylvania

nationality

American

Trophies / Awards

List of deans graduating from West Point

Education

United States Military Academy at West Point, Regent . University Law School

Books written

We hold these truths

professional member

Bars in Virginia and Pennsylvania

Location

Phoenix, Arizona

Spoken language

English

Professional topics

Politics, Entertainment, Belief



https://www.westernjournal.com/watch-bidens-energy-sec-cant-answer-basic-question-gas-prices/ Biden’s Energy Sec can’t answer the most basic question about gas prices

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