Skip to main content

President Biden Blames Russia And Oil Companies For High U.S. Gas Prices

 

Daily Mail: Biden blames COVID AND Putin for soaring gas prices, admits it's 'hard to tell' when they will go down and says Americans will save $80 a month if they buy an electric car as he unveils plan to reduce pain at the pumps 

* President Biden announced the release of 180 million barrels of oil over six month from the Strategic Petroleum Reserve later on Thursday 

* He said record high gas prices had two roots: the pandemic and Putin's war 

* He will also ask Congress to impose fees on oil and gas companies that lease federal land but are not using permits to produce energy 

* And he will use the Defense Production Act to accelerate switch to electric cars 

* The White House has been desperately looking at ways to lower fuel prices 

* Oil prices have surged since President Putin invaded Ukraine 

* At the start of the year the price of a gallon was about about $3.30, while today it is averaging about $4.22 

* It would be the largest release in the near 50-year history of the SPR 

President Joe Biden said Thursday that record gas prices were caused by the pandemic and Vladimir Putin's war in Ukraine as he unveiled a two-pronged plan to increase supply and reduce demand. 

He announced he would release a million barrels of oil per day from the nation's strategic reserve for the next six months and accelerate the switch to electric vehicle.  

Read more ....  

Update #1: Biden blames Putin for high gas prices (Washington Times)  

Update #2: Biden to tap oil reserves, press oil sector to hike production (Politico)  

WNU Editor: Of course they will not .... White House won’t name oil and gas companies it’s blaming for high prices (FOX News). 

I have a question. Is President Biden's reasons for high gas prices working? You tell me.



from War News Updates https://ift.tt/MCbtvms
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Bath Iron Works starts building new Arleigh Burke-class Flight III destroyer USS J. William Middendorf

General Dynamics Bath Iron Works has started construction of the future USS J. William Middendorf (DDG 138), a Flight III Arleigh Burke-class destroyer that will strengthen the U.S. Navy’s missile-defense and escort capacity during sustained operations in the Red Sea, Eastern Mediterranean, and Indo-Pacific. The ceremonial first steel cut took place in Maine on May 19, 2026, as the Navy continues relying on Flight III destroyers equipped with the SPY-6 radar and Aegis Baseline 10 combat system to replace the air defense and command role of retiring Ticonderoga-class cruisers ahead of the future DDG(X) program.  Read full defense news at this link... USS J. William Middendorf belongs to the Flight III configuration that began with USS Jack H. Lucas (DDG 125), the first Flight III destroyer commissioned in October 2023. (Picture source: US Navy) Read more... from World Defence News https://ift.tt/tSRkVWI via IFTTT
Post a Comment
Read more

China’s PHL-191 MLRS Shows How Airburst Munitions Could Transform Modern Battlefield Suppression

 China has showcased what appears to be an airburst-capable munition fired from its PHL-191 long-range modular multiple launch rocket system during a live-fire exercise, highlighting a growing emphasis on suppressing dispersed battlefield targets rather than relying solely on point strikes. Footage released on July 19, 2026, by China Military Online and the Chinese Ministry of National Defense suggests the PLA is expanding its long-range fire-support options with effects designed to disrupt troops, air-defense sites, and lightly protected equipment across a wider area, reinforcing its ability to shape the battlefield before major combat operations begin.  Read Full Defense News At This Link. New PLA footage shows China’s PHL-191 rocket artillery system delivering concentrated, apparent airburst fragmentation effects against dispersed battlefield targets (Picture Source: Chinese Ministry of National Defense) from World Defence News https://ift.tt/jYnGm7H via IFTTT
Post a Comment
Read more

US Navy considers Ford-class aircraft carrier redesign to match Trump's WWII island style preference

On August 16, 2026, the U.S. Navy initiated an operational and technical evaluation regarding whether to move the island superstructure on future Ford-class aircraft carriers from its current far-aft placement toward amidships, following directive preferences from President Donald Trump. The assessment will likely focus on whether relocating the command structure toward a World War II-era configuration would negatively impact flight deck operations, sortie generation rates, and recovery airflow dynamics. This design review also follows an August 13 directive ordering the Navy to replace the Electromagnetic Aircraft Launch System and Advanced Weapons Elevators on the future USS Doris Miller with steam catapults and hydraulic systems.  Read full defense news at this link... The USS Gerald R. Ford (CVN-78) places its island much farther aft so more aircraft can be parked and moved directly toward the catapults without interfering with landings, whereas USS Enterprise (CV-6)'s amidship...
Post a Comment
Read more