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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

Biden spends $1.65 trillion taxpayer dollars while vacationing in St. Croix

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Joe Biden

While vacationing in the island of St. Croix for the holidays, President Joe Biden on Thursday signed into law the massive $1.65 omnibus spending package.

The whopping 4,155 pages was supported by only nine House Republicans and 13 Senate Republicans. Majority of criticism from the GOP includes concerns that the bill was rushed and crammed with wasteful spending by a lame-duck Democratic-dominated Congress. The recourse will punish American families by adding to the national debt and exacerbate inflation.

“Today, I signed the bipartisan omnibus bill, ending a year of historic progress. It’ll invest in medical research, safety, veteran health care, disaster recovery, VAWA funding — and gets crucial assistance to Ukraine,” Biden tweeted. “Looking forward to more in 2023.”

Senate minority leader Mitch McConnell “praised the bill on the grounds that it represents a real decrease in discretionary spending. He presented it as a positive that nondefense spending jumped by only 5.5 percent, from $730 billion to $772.5 billion, amid an inflation rate of 7.1 percent” writes National Review.

“The bipartisan government-funding bill that Senators Shelby and Leahy have finished negotiating does exactly the opposite of what the Biden administration first proposed,” he said. “This bill provides a substantial real-dollar increase to the defense baseline . . . and a substantial real-dollar cut to the non-defense, non-veterans baseline,” McConnell insisted as negotiations were wrapping up.

House minority leader Kevin McCarthy, however, stated his strong disapproval of the bill before it even advanced. Affirming a letter from 13 House Republicans, McCarthy demanded the bill is reckless, irresponsible, and a “purposeful refusal to secure and defend our borders.”

For example, it failed to incorporate protections for Title 42, the pandemic policy that allows illegal immigrants to be expelled on a public-health basis, which currently hangs in the balance at the Supreme Court.

National Review adds, “The funding in the bill, which averted a federal government shutdown before the new year, includes an allocation of $45 billion in defense assistance to Ukraine. Some Republican priorities, such as Electoral Count Act reform and a bigger military budget, were nested in with Democratic appropriations, such as increased funding for Medicaid and food stamps.”

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