Economy
With gas prices at record highs, Biden CANCELS gas lease
“We did it, Joe” memes of Vice President Kamala Harris and Joe Biden are popping up all over social media alongside individuals photographs of the horrendously high prices they have to pay at the gas pump to fill their cars.
Biden has no intention of fixing it, as proven by the administration’s recent decision to actually cancel an oil and gas lease win the Gulf of Mexico and Alaska’s Cook Inlet.
This is nothing short of purposeful destruction of America. The Interior Department told The New York Post that the Cook Inlet lease sale would not move forward because of a “lack of industry interest in leasing in the area.”
In the Gulf of Mexico, the department canceled two lease sales, citing “conflicting court rulings that impacted work on these proposed sales.”
The timing is outrageous, considering “as of Thursday morning, the national average price of a gallon of regular gas stood at $4.418, according to AAA — the highest on record and $1.41 higher than at this time last year.”
Additionally, the scenario also displays just how much federal judges tend to completely disagree with his actions. “Biden imposed a moratorium on the sale of new leases one week after his inauguration, but the order was later blocked by a Louisiana federal judge who granted a preliminary injunction to 13 states that claimed they would suffer ‘irreparable injury’ from the White House move” writes The Post.
At least federal judges are watching out to keep our country afloat, let along thriving, considering our own President and Vice President will not.
Republicans and energy industry representatives are fuming over the decision. “Yesterday, Americans paid the highest price for gasoline in history,” tweeted Sen. Marco Rubio (R-Fla.). “At the same time Biden just canceled our largest pending American oil & gas lease sale.”
“Gas prices are at a record high, and Biden just canceled oil and gas leases in Alaska and the Gulf,” added Sen. Tom Cotton (R-Ark.). “Joe Biden is directly responsible for the high cost of gas.”
“It’s almost like the Biden administration WANTS gas prices to go higher” said Pennsylvania US Senate GOP candidate Carla Sands
“The President has spoken about the need for additional supplies in the market, but his administration has failed to take action to match that rhetoric,” Frank Macchairola of the American Petroleum Institute told CBS News, calling the cancellations “another example of the administration’s lack of commitment to oil and gas development in the US.”
“In the kind of price environment that we’re seeing, there are negative consequences to shutting off oil and gas development, both politically and practically,” he added.
If the administration had moved forward with the Alaskan lease, it would have covered more than 1 million acres, according to The Hill.
Banque Pictet, the private banking arm of the Pictet Group based in Switzerland, has admitted to conspiring with U.S. taxpayers to hide billions of dollars from the Internal Revenue Service (IRS) in over 1,600 secret bank accounts. The Justice Department revealed on Monday that Banque Pictet has agreed to pay over $120 million in restitution to the U.S. Treasury as part of a settlement.
The bank’s involvement in the tax evasion scheme spanned from 2008 through 2014, during which it conspired with American taxpayer clients to conceal more than $5.6 billion of the approximately $20 billion in U.S. assets. This led to an evasion of around $50.6 million in U.S. taxes, according to prosecutors.
Of the $5.6 billion concealed, the funds were distributed across 1,637 accounts, implicating more than 40% of the total 3,736 private accounts owned by U.S. taxpayers held by the bank. Banque Pictet reportedly assisted its American clients in hiding their undeclared accounts through various means, including the formation and administration of offshore entities. Undeclared accounts were then maintained in the names of these entities on behalf of U.S. taxpayer clients.
Jim Lee, Chief of IRS Criminal Investigation, emphasized the importance of the case in sending a strong message to those attempting to hide assets and income offshore. Lee stated, “This case should provide a clear message to others who try to hide their assets and income offshore. Offshore tax evasion is a priority for IRS Criminal Investigation.”
The settlement underscores the ongoing efforts by U.S. authorities to combat tax evasion and sends a clear warning to financial institutions and individuals involved in such illicit activities. As regulatory scrutiny intensifies globally, financial institutions face increasing pressure to ensure compliance with international tax laws and prevent their involvement in tax evasion schemes.
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Stephane
May 14, 2022 at 7:16 am
DEMON RATS like their bread with a LOT OF BUTTER!
On both side, if possible! There are 2 back pockets on their pants, and skirts and handbags are wide open all the time!
So, bring on the restrictions for the People while the entitled lawmakers of the left are still cashing in on the “””perks””” of the position, and their salaries, and their per diem, and their “””opportunities”””.
Isn’t communism great?
Audie M Jordan
May 14, 2022 at 10:52 am
I am sure Xi wakes up every morning laughing at the antics of Obama’s puppet.
He does not have to worry about fuel & probably has daily numbers on the reduction in our strategic reserves.
Look out Taiwan.
rbblum
May 14, 2022 at 12:20 pm
The controlling forces are doing whatever is possible to incentivize switching to electric vehicles by increasing the cost of petrol . . . But, are there any viable plans to generate a sufficient amount of electric power needed for the electric vehicles ?
Alabaster Mc Gillicuddy
May 14, 2022 at 6:14 pm
Who is in charge here, Biden or Susan Rice?
JM
May 14, 2022 at 10:48 pm
JUST WHEN THE HELL DO, WE, THE PEOPLE, GET TO EXPRESS OUR RIGHTS? WE NEED TO TAKE BACK THE GOVERNMENT BEFORE BIDEN AND HIS RAT FRIENDS EAT IT ALL UP! WHEN HE GETS DONE BEING PRESIDENT, WE WILL BELONG TO CHINA AND ANY OTHER COUNTRY THAT WANTS TO INVADE US! WTF?
dardeeb76548@gmail.com
May 15, 2022 at 12:10 am
Joe Biden is a walking disaster.
He bubbles and shuffles along the way.
EVERY SINGLE THING HE DOES IS FOR THE DOOM OF OUR America as we know it.
He wants slaves too do his dirty work.
Please vote out every last one of these quackadoddles.
Give us back our country Joe.
Resign now.
This administration is full of knuckleheads.
Every single one.
ALAN
May 15, 2022 at 9:38 am
WHAT THIS TELLS ME IS THAT THE DEMOCRATS FEEL THEY CAN’T LOSE IN THE MIDTERM ELECTION SINCE THEY KNOW HOW TO “FIX” THE ELECTION.. WHY ELSE WOULD THEY BE MAKING SUCH BONE HEAD DECISIONS? LIKE I SAID BRANDON COULDN’T RUN A ONE MONKEY CIRCUS! 50+ YEARS SUCKING OFF THE GOVERNMENT, NEVER RUNNING A BUSINESS, NEVER HAVING TO SO A PROFIT. HE HAS “THE WORLD OWES ME A LIVING” ATTITUDE WHY WOULD HE GIVE ONE RATS ASS ABOUT THE LITTLE PEOPLE .. AKA . YOU & I.
BillGatesForPrison
May 15, 2022 at 10:03 am
““It’s almost like the Biden administration WANTS gas prices to go higher” said Pennsylvania US Senate GOP candidate Carla Sands.”
Almost! It’s not almost like that, it’s exactly like that. Does anyone actually believe any administration could possibly make the wrong decisions in every single case where our country’s future is being decimated by the result? Nobody could be this wrong all the time! Face it, the Biden Administration is a Trojan horse being used to bring down the United States as soon as possible.
Carolyn Struewing
May 15, 2022 at 11:17 am
Impeach Joe Biden
John Stinger
May 15, 2022 at 5:38 pm
Thanks for confirming you know absolutely nothing about oil prices.
Oil companies have a backlog of leases. The SOONEST this could have anything to do with gas prices is 7 or 8 years from now.
U.S. oil production is way up over 2020 and expected to set a record in 2023.
The lease cancellations will have no impact on gas prices for years. Your claim is egregiously wrong.
*CHARLES H. GARRIDO SR..
May 15, 2022 at 6:06 pm
GREETINGS…
ONE MORE TIME FRIENDS..ADMINISTRATION PLUS PRES.MR.BIDEN & VICE PRES MRS HARRIS ALL IS DOING ON “INTENTIONALLY” UNFORTUNATELY MR.PRES IS WALKING DANGEROUS PATH DESTROYING THE USA!
BRING “COMMIE” A NEW DAY !CRIED! SOCIALISM INCLUDING THE REAL PRESS (92%) PROPAGANDA AND POLITICIANS BRING MUCH POWER & VESTED ($$$) INTEREST …ONE THING FOR SURE “AMERICA’ TROUBLE!
TKS COOP CHARLIE G/SR…………………THE USA!
Kevin
May 17, 2022 at 3:27 pm
Just another well thought out plan by this administration??? Let’s allow foreign countries to get rich at the expense Americans, because of yet another bad political decision! Biden will go down in history as the worst President ever!
Benny lee Grindstaff
May 19, 2022 at 7:03 pm
Is JOE BIDEN GOING TWO go be with Beau BIDEN in HELL, if so I will pay for gas
Two Help them have a warm get together.