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Energy Secretary: US Will Remain Energy Independent After Coronavirus

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US Energy Secretary Dan Brouillette assured the public Monday that the country will remain energy independent after the coronavirus pandemic passes, he said during an interview with Fox Business host Stuart Varney on Monday.

“I have to remind you and the viewers we are in fact in a different position than we were just 10 or 15, 20 years ago, certainly. Imagine if this pandemic had happened in 1973 or in 1974 when we were wholly dependent upon nations for the importation of oil,” Brouillette explained.

He added, “The fact that we are able to produce the amounts that we are able to produce today, place the United States of America, place this President at a position of strength in order to bring this deal together.”

The Organization of Petroleum Exporting Countries member countries reached a deal over the weekend to cut oil production to nearly 10 million barrels per day in response to low demand amid the coronavirus global economic crisis. However, Brouillette said the cutback is “only half the story” siding with President Donald Trump who earlier tweeted that OPEC+ is cutting “20 million barrels a day, not the 10 Million that is generally being reported.”

https://twitter.com/realDonaldTrump/status/1249691642975727616

“There are over 100 countries that produce oil all around the world and what we will see is production declining over the next few months as the world deals with this COVID-19 pandemic. So when you add up all of the production cuts around the world, we’re gonna be much closer to 20 million barrels per day coming off the market, which represents roughly 20 percent of the production just a month or a month and a half ago,” the Secretary said.

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Economy

Psaki Dismisses The Price Of The Most Expensive Thanksgiving Ever

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Jen Psaki
Photo by BRENDAN SMIALOWSKI/AFP via Getty Images

White House Press Secretary Jen Psaki minimized the strain that the inflation crisis is putting on Americans as she was asked about President Biden’s decision to go to “a billionaire’s compound in Nantucket” for the most expensive Thanksgiving in history.

“What message does it send to the middle-class Americans President Biden says that he’s trying to help who are struggling this week to cover the cost of the most expensive Thanksgiving ever, that the president is going to take a few days off at a billionaire’s compound in Nantucket?” Fox News’ Peter Doocy asked.

“Well, first I would say, I don’t know if you’ve ever cooked a turkey before, but a twenty-pound turkey is a pretty big turkey, I think we can all agree. They’re about $1 more,” Psaki said.

It should be noted that the price of a turkey is 24% more expensive than last year, and the overall Thanksgiving dinner is 14% more expensive.

“So not to minimize that, any increase in prices is something the president is concerned about, as is evidenced by his announcement today and as his efforts to push forward on additional relief for the American people,” Psaki continued. “But I just want to be clear that there’s an abundance of Turkeys available, about $1 more for a 20-pound bird, which is a huge bird, if you’re feeding a very big family and that’s something that again, we’ve been working to make sure people have more money in their pockets to address it as the economy is turning back on.”

While the Biden administration claims they have been working “to make sure people have more money in their pockets,” inflation has resulted in people earning less. According to the Department of Labor, as of October 2021 “real average hourly earnings” and “real average weekly earnings” had decreased 1.2% and 1.6% from last year, respectively.

In contrast, the Trump economy saw an increase in “real average hourly earnings” and “real average weekly earnings” 3.2% and 5.0%, respectively, from pre-pandemic October 2019 to the height of the pandemic in October 2020.

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