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Biden Doubles Down on His War on American Energy As Families Pay the Cost

With Americans facing the highest home heating bills in over two decades, Joe Biden doubled down on his war on American energy yesterday promising “no more drilling.”  MAKE NO MISTAKE: President Biden is forcing families to pay the cost of his failed Green New Deal agenda. House Republicans have made a commitment to an economy that’s strong—and that begins with unleashing American energy dominance to drive down costs. BIDEN’S ENERGY CRISIS:
  • Diesel prices are approximately 50% higher than they were this time last year, at $5.33 a gallon.
    • Our diesel reserves are now at the lowest seasonal level since 1951.
    • Diesel is used to fuel trucks, ships, tanks, and other vessels that are crucial to our economy. 
  • On the day that President Biden was sworn into office, the average price for a gallon of gas nationwide was approximately $2.39.
    • The national average for a gallon of gas is $3.80 as of Monday—over a dollar more than when Biden took office.
  • According  to the Energy Information Administration, households are expected to pay an average of $1,359 this winter for energy—the highest in 25 years.
    • Regions that rely heavily on home heating oil, such as the Northeast, will pay an average bill of $2,354.
    • This is due to a nearly 30% expected increase in both the price of natural gas and home heating oil.
  • Last month, Ministers from the Organization of the Petroleum Exporting Countries (OPEC+) announced that they would cut oil production by 2 million barrels a day, their largest reduction in oil output since the start of the pandemic, in a move that has already caused oil prices to increase to nearly $94 per barrel. This move follows President Biden’s recent trip to Saudi Arabia in which he asked the country to increase its oil output, after calling the Kingdom a “pariah.” 
    • In response, the White House is preparing to scale down sanctions on Venezuela’s authoritarian regime in order to gain access to their oil exports, while also stating that they will, “deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month,” yet again raiding our strategic reserves for political gain.
  • The Strategic Petroleum Reserve (SPR), which is meant for weather events or national security emergencies, is now at its lowest point since 1984 because of President Biden.
  • While Americans struggle with an energy crisis, the Biden administration continues to drain our SPR for political gain and threaten our national security.
  • President Biden has leased fewer acres of federal and offshore land for domestic oil and gas production at this point in his presidency than any other president since the end of World War II.
    • A Wall Street Journal report confirms leasing under Joe Biden has dropped by 97% compared to the first 19 months of former President Trump’s presidency.
  • President Biden and House Democrats continue to celebrate the Inflation ‘Expansion’ Act, which spends over $350 billion on failed Green New Deal initiatives and includes an American Energy Tax.
  • Biden has continued to beg dictators and other foreign adversaries for help easing prices rather than unleashing American energy dominance.
  • On day one of Joe Biden’s presidency, he launched his war on American energy when he killed the Keystone XL pipeline, which could be supplying 830,000 thousand barrels per day of oil from Canada to U.S. refineries.
  • The Biden administration has continually passed the buck by blaming not only domestic energy producers but now gas station owners, however:
  1. End the federal freeze on oil and gas leases.
  2. Fast-track pending LNG export permits
  3. Expedite approval of all pipeline and energy development
  4. Stop the regulatory assault on U.S. energy development and financing