Oil move certainly puzzling
By Tony Farkas
The latest executive order to come out of Washington, D.C., is to me the head-scratcher of all time.
Recently, the Biden Administration (I say that because I’m not sure we have a true leader) has killed all applications for oil and gas leases in the Cook Inlet in Alaska and the Gulf of Mexico.
The reasons given were that in Alaska, there didn’t seem to be much interest in drilling, and in the gulf, there were conflicting court rulings regarding something, or some other thing, or basically, there were reasons, so there.
Here we are at the crux of another crisis, that being rampant inflation as well as oil prices hitting heretofore unheard of highs, and our leadership is crippling the means we have to combat this. Moreover, if, as Biden and his chorus claims, the price of gas and oil is directly related to the actions of Vladimir Putin, then as a defense for our country, shouldn’t we generate our own oil so as to, you know, bring prices down?
This isn’t good policy no matter how it’s sliced.
When I last checked, gas prices were headed north still, approaching $4.20 a gallon for regular. Diesel has cracked the $5 mark and shows no sign of slowing down. It’s been proven that being energy independent lowered prices, but since it was under the Bad Orange Man’s Mean Tweet Show and Revue, it doesn’t really count, so we’re going to choke our own supply as a way to, uh, do what exactly?
Most of the reasons I’ve heard for cutting off or disapproving exploration and leases have been in appeasement of the environmental lobbies, who feel that any time we need energy-related items, it has to come from some other country because we’re busy saving the planet, or something. At the same time, though, we’re pushing electric cars, which sadly rely on electricity, so it essentially defeats the purpose, but hey, environmental care or something.
On the heels of this revelation, we come to find out that while U.S. children, dependent on formula for their nutrition, are having to do without. Grocery stores across the nation are reporting empty shelves, and mothers are anguished about feeding their children.
However, the U.S. government is flying pallets of formula to the southern border, where immigrants, not even legal immigrants, get to feed their children. On the face of it, it’s yet another government policy that puts Americans last while catering to other countries, or in this case, peoples.
It’s not my point to deny anyone food. It is, however, my point that to choke off a source when there is a dire need is a ridiculous way to combat the problem.
Essentially, you can’t solve a problem like a severe shortage of ice cream by taxing (or limiting, or hoarding) cream and sugar. It’s back to the axiom of suppy and demand; cutting off supply will raise demand, and consequently prices, and that’s certainly a dumb way to solve a problem.
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