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Economy

With gas prices at record highs, Biden CANCELS gas lease

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“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.

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Economy

Austin become first Texas city to approve pilot ‘Guaranteed Income Program’

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Austin, Texas has approved a pilot ‘Guaranteed Income’ program joining other liberal cities. The program will give 85 families $1,000 per month for an entire year. The program’s $1.18 million in  funding will be handled by a nonprofit and recipients can spend the money however they wish.

Austin Mayor Steve Adler, who belongs to a coalition called Mayors for a Guaranteed Income, said it will prevent homelessness; it’s not a “giveaway” but rather, “it is investing in ourselves.”

“We can find people moments before they end up on our streets and prevent them, divert them from being there. That would be not only wonderful for them, it would be wise and smart for the taxpayers in the city of Austin because it will be a lot less expensive to divert someone from homelessness than to help them find a home once they’re on our streets,” said Adler.

Atlanta, Georgia also announced it was launching a similar pilot basic income program in January. 300 residents will receive $500 each month for a year. NBC DFW5 reports that “Across the country, dozens of cities and counties — some using money from the $1.9 trillion COVID-19 relief package approved in March 2021 — are giving some low-income residents a guaranteed income of $500 to $1,000 each month to do with as they please, and tracking what happens.”

The Mayors coalition will use its data –collected by a University of Pennsylvania-based rrsearch center — to lobby the White House and Congress for a federal guaranteed income.

 

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