President Biden has waged a war on fossil fuels, hampering domestic production even as he has turned to foreign dictators in Saudi Arabia and Venezuela for more oil.
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The average price of gasoline nationwide increased to $3.87 a gallon on Thursday, extending a multi-week streak of price increases, according to AAA data. Oil prices in the U.S. and worldwide have also moved upward in recent days.And the National Energy Assistance Directors Association projected in September that the average cost of U.S. home heating across all fuels — including gas, heating oil and propane — will spike 17.
"At a time when maintaining a global supply of energy is of paramount importance, this decision will have the most negative impact on lower- and middle-income countries that are already reeling from elevated energy prices," the statement added. campaign pledge to"end fossil fuel""The administration continues to look elsewhere when the solution has always been here at home," Emily Haggstrom, the vice president of communications for the Consumer Energy Alliance, told reporters during a call Thursday."This should be a no-brainer in economics, national security and environmental terms, and we urge the Biden administration to seize this moment.
The Biden administration has also introduced a new pipeline approval process that it said would factor in downstream greenhouse gas emissions, a rule that could represent a major hurdle for future energy infrastructure development.
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