It is no major surprise that there is a crunch at the gas pump that has been worsened by the Russian invasion of Ukraine.

The higher gas prices have pushed Americans to call for the reopening of the controversial Keystone XL pipeline, but those calls may be nothing more than a pipe dream.

In the beginning, when Biden took office, the first thing that he did was stop the Keystone pipeline that President Trump had opened.

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Soaring gas prices raised hope the administration may revisit the decision to mothball the project. It gained even more traction on Monday when Alberta Premier Jason Kenney said the financial squeeze at pumps could be alleviated if the project was restarted.

“We could turn this around in less than a year,” he said. His comments came as crude prices surged to almost $140 a barrel.

However, does not appear to be an option any longer.

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TC Energy, the Canadian developer behind the Keystone XL project, poured cold water on the idea of it ever getting back up and running on Tuesday, telling the Washington Examiner: “The Keystone XL pipeline project was terminated in June 2021 and will not proceed.”

Here is more from The Washington Examiner:

If Keystone XL were to restart, it would mean rehiring workers, buying back pricey equipment, setting up housing, dealing with environmentalists opposed to the drilling, and getting small businesses burned by Biden’s decision to agree to reinvest in virtual ghost towns.

Even if all of the obstacles were removed, it’s unlikely XL would do anything to ease the sticker shock many drivers currently see at the pumps.

The United States has slapped a list of sanctions on Russia in response to its unprovoked invasion of Ukraine but, until this week, had avoided targeting the country’s oil sector out of fear it would cause crude prices to spike. Biden’s announcement he would ban the import of Russian oil and gas did just that. However, the White House claims high gas prices are Russian President Vladimir Putin’s fault and could be brought down by gas companies should they choose to do so.

Russia is the world’s third-largest oil producer and is responsible for 10% of global supply, according to U.S. Energy Information Administration data.

Republicans have called on Biden to increase domestic oil production.

“The challenge is that President Biden still won’t say ‘yes’ to American energy because to replace that Russian oil is the real critical step,” House Republican Whip Steve Scalise told the Wall Street Journal. “The answer is right below our feet.”

The president, though, showed no signs of reversing course.

“This crisis is a stark reminder [that] to protect our economy over the long term, we have to become energy independent,” Biden said. “Loosening environmental regulations or pulling back clean energy investment won’t lower energy prices for families.”

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If that does not show you just how much contempt Joe Biden and the left has for the American people, I am not sure what will.

These liberals shot us in the foot and we are not just proverbial screwed, but literally too.

 

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2 Responses

  1. Kent

    the real way to knock down prices is to remove that brain dead ahole and all of his administration along with all of the democrats in the house and senate except Joe Manchin and Sinema

    Reply
  2. Ox

    No one should believe that higher gas prices are due to Putin. If one belies that then they are morons. The higher gas prices are due to the American Voter, they are partially to blame, the liberal commie Democrats that voted for Lying Corrupt Quid Pro KING Joe. They voted for senile corrupt old fart politician with one foot in the grave, that went around campaigning if one elects Corrupt Quid Pro, he is gong to raise everyone’s taxes and he is going to kill Big Oil. The Democrat voter knew this was going to happen, and they still voted for this moron to be POTUS, just to get rid of Trump. Next time, thank a Democrat for the rise in gas prices.

    Reply

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