Americans already reeling from a 13-year inflation high, should prepare for heating bill to shoot up dramatically this winter, says the government.
72 days till ? Christmas and it’s going to be a budget buster…
⛽️ Gas prices are skyrocketing
✈️ Airlines are in chaos
? Heating costs are up
? Toy shortages are loomingAnd it’s all thanks to Joe Biden! pic.twitter.com/0HzBP3H416
— Rep. Jody Hice (@CongressmanHice) October 14, 2021
“With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter,” USA Today reported.
Worldwide demand for oil and natural gas as it recovers from the pandemic and the administration’s hostility to fossil fuels are largely to blame for the rampant rise in prices.
“The rapid but uneven economic recovery from last year’s COVID-induced recession is putting major strains on parts of today’s energy system, sparking sharp price rises in natural gas, coal and electricity markets,” said the International Energy Agency.
Republicans however think the trouble lies closer to home with Joe Biden in the White House.
“He does not want energy to be affordable,” Rep. Michael Burgess, R-Texas, said this week on Fox News about Biden according to Energy Wire. “The Green New Deal crowd that has his ear right now wants us to get our energy from starlight and the windmills.”
In January, Biden issued a moratorium on new oil and gas leases on federal lands.
While a federal judge blocked the moratorium, without the certainty of backing by the administration for new leases, the judge’s actions won’t help the oil and gas industry discover more oil and gas for the US.
“Tying up important energy resource development issues like this in a courthouse will discourage oil and gas investment since it leads to uncertain financial outcomes,” said David Dismukes, executive director of LSU’s Center for Energy Studies, after the Biden administration appealed the ruling.
Which is exactly what the Biden administration wants, says another professor about the court delays that will prevent exploration and oil production in the US.
Eric Smith, associate director of the Tulane Energy Institute compared it to environmental groups filing repeated lawsuits in different courts to slow down construction of an oil pipeline.
“Basically, the federal government has learned lessons from the environmental community,” he said according to the Advocate in Louisiana.
