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(FreedomWire.org) – President Biden attempted to downplay the U.S. inflation crisis during a “60 Minutes” interview, claiming that the month-to-month rate has “hardly” risen – which prompted his CBS interviewer to dispute his response.

CBS correspondent Scott Pelley asked: “Mr. President, as you know, last Tuesday, the annual inflation rate came in at 8.3%. The stock market nosedived. People are shocked by their grocery bills. What can you do better and faster?”

Biden quickly told Pelley he needed to “put this in perspective” and that the inflation rate month-to-month was “up just an inch, hardly at all.”

Pelley quickly interjected: “You’re not arguing that 8.3 [percent] is good news?”

“No, I’m not saying it is good news, but it was 8.2 or 8.2 [percent] before,” Biden responded. “I mean… you’re making, make it sound like, all of a sudden, my God, it went to 8.2%.”

“It’s the highest inflation rate, Mr. President, in 40 years,” Pelley fired back. 

“I got that. But guess what we are? We’re in a position where for the last several months, it hasn’t spiked, it is just barely, it’s been basically even. And in the meantime, we created all these jobs,” Biden argued, while acknowledging that prices “have gone up.”

The interview is the latest of Biden’s attempts to aggressively defend his economic policy. The White House celebrated the passage of the Inflation Reduction Act last week – despite the Dow Jones Industrial Average tumbling more than 1200 points that same day.

The Inflation Reduction Act is intended to lower prices for consumers, as the current economic crisis is forcing some Americans to rely on credit to pay for basic necessities. 

In addition, a University of Pennsylvania Penn Wharton analysis revealed the Inflation Reduction Act would do little to reduce the annual rate of inflation in the midst of the economic recession. The bill would only reduce annual inflation by 0.1 percentage point over the next five years.

“When it comes to credit card spending over the past couple of years, we have seen categories shift on where people are spending their money,” Wells Fargo executive vice president Krista Phillips said. “Right now, our top categories are grocery and gas.”

Consumer prices rose in August by one-tenth of a percentage point, even though economists had expected inflation to go down. Median inflation hit the highest level ever recorded.

The median Consumer Price Index, which reflects only measures in the center of CPI’s prices changes, rose 0.7 percent compared with the prior month, an acceleration from the 0.5 percent increase recorded in June. The unrounded figure of 0.73789 percent is the highest on record, slightly above the previous record of 0.73078 percent set in June.

This is equivalent to an annual rate of inflation of 9.2 percent. That is the highest on record.

(FreedomWire.org) – The president held a dramatic celebration of the “Inflation Reduction Act” on Tuesday afternoon at the White House, with a host of Democrat members of congress and guests.

This celebration occurred on the same day the federal government revealed that consumer prices rose again in August.

The Bureau of Labor Statistics’ Consumer Price Index released Tuesday morning shows that inflation in August rose one-tenth of a percentage point from July and up 8.3 percent from the previous year.

Grocery prices continue rising fast, as prices rose 0.7 percent from July and 13.5 percent from the previous year. Restaurant prices are up 0.9 percent from July

The “Inflation Reduction Act” spends billions of dollars subsidizing green energy projects, subsidies for electric cars, and propping up government-subsidized health care.
But the cost of health insurance and energy keeps rising.

Health insurance rose 2.4 percent over the past month and up 24.3 percent from the previous year. Electricity prices rose 1.5 percent from the previous month, and natural gas rose 3.5 percent.

Biden told supporters on Monday the United States was making progress on inflation.

“The American people should have confidence that we’re on the right track, that we’re seeing real progress,” he said at an event in Boston on Monday.

Inflation is still red-hot, despite an anticipated decrease from economists.

The latest report is a tough blow for a President who last month signed the misnomered ‘Inflation Reduction Act’ and an administration that tried telling the American people inflation had peaked.

Commerce Secretary Gina Raimondo was rather confident the Consumer Price Index was on the slide back in July, saying inflation has “probably” peaked, but that could change due to factors “out of our control.”

Those factors cited were “another war” and “another COVID,” neither of which contributed to the August report.

White House press secretary Karine Jean-Pierre engaged in a bit of mathematical wizardry when she declared last month’s 8.5% year-over-year rise in inflation to magically be “0%.”

“We just received news that our economy had 0% inflation in July,” she said in a blatantly false statement. “While the price of some things went up, the price of others, like gas, clothing, and more, dropped.”

Former President Barack Obama, in a White House appearance just days ago, praised President Biden and told the American people they are “better off” under his administration.

To host a party to celebrate inflation is a slap to American’s faces, talk about adding insult to injury.

The White House should have at least waited for The Bureau of Labor Statistics, to release the consumer price index report, before planning a celebration.

(FreedomWire.org) – Biden’s Energy Secretary Jennifer Granholm said California is “in the lead” on energy and can “show the rest of the nation how it is done.”

Meanwhile in California…

California’s Democrat Governor Gavin Newsom is begging people to turn off their lights and not use appliances to avoid power outages amid soaring temps.

Newsom obsessively tweeted and retweeted “Flex Alert” instructions to Californians.

Newsom continued to beg people to set their thermostats to 78 and avoid using large appliances Tuesday evening.

California Sen. Alex Padilla told Californians not to do their laundry or wash dishes.

This is what it’s like living under total Democrat rule.

The politicians are telling people when they can wash their dishes.

California banned gas-powered car sales starting in 2035.

Many analysts have said it is impossible to meet the projected need for all-electric cars in the state – EVER.

One former environmentalist who now exposes the lies of the “Green Mafia” explained the sheer impossibility of meeting California’s electric, in 10 years, 20 years, or ever!

Dr. Michael Shellenberger points out that California would require 20 new nuclear power plants…while it now has ONE that it is trying to shut down!

But they absolutely refuse to build any new nuclear plants. And it cannot be done with “wind and solar” only, as Gavin Newsom insists.

This is what Joe Biden and the Democrats want for all Americans. The question now is, will Americans wake up before it’s too late?

(FreedomWire.org) – The state with the largest auto market in the U.S. is poised to ban the sale of new combustion engine vehicles by 2035, hastening the transition to electric vehicles in America and beyond. 

California regulators on the California Air Resources Board will vote Thursday to enact a sweeping plan that bans gas-powered vehicles—a move that would likely spur at least a dozen other states to follow suit with similar plans.

“This is monumental,” board member Daniel Sperling told CNN. “This is the most important thing that CARB has done in the last 30 years. It’s important not just for California, but it’s important for the country and the world.”

The rule, issued by the California Air Resources Board, will require that all new cars sold in the state by 2035 be free of greenhouse gas emissions like carbon dioxide. The rule also sets interim targets, requiring that 35 percent of new passenger vehicles sold by 2026 produce zero emissions. That requirement climbs to 68 percent by 2030.

Transportation is the nation’s top source of planet-warming greenhouse-gas emissions.

Gavin Newsom, the governor of California, called the new rule “one of the most significant steps to the elimination of the tailpipe as we know it.”

“Our kids are going to act like it’s a rotary phone, or changing the channel on a television,” Governor Newsom said in an interview. […]

The governments of Canada, Britain and at least nine other European countries — including France, Spain and Denmark — have set goals of phasing out the sale of new gasoline-powered vehicles between 2030 and 2040. But none have concrete mandates or regulations like the California rule.

But the plan appears to put the cart before the horse in a state that already struggles with energy shortfalls.

“Whether or not these requirements are realistic or achievable is directly linked to external factors like inflation, charging and fuel infrastructure, supply chains, labor, critical mineral availability and pricing, and the ongoing semiconductor shortage,” John Bozzella, president of the Alliance for Automotive Innovation, told the Times. 

“Where is that increased power being sourced from?” said Ann Bluntzer, the executive director of the Ralph Lowe Energy Institute at Texas Christian University. “Fossil fuels? Wind? Solar? Hydro?”

In addition to these concerns, there’s also the issue of how lower income residents would afford electric vehicles, which are currently cost prohibitive.  

 The vote comes two years after Gov. Gavin Newsom signed an executive order mandating all passenger vehicles sold in California be zero emission by 2035, a move helped by the Biden administration reinstating the state’s ability to set its own vehicle emission standards earlier this year. 

(FreedomWire.org) – In a sign of just how desperate President Joe Biden is for a political victory — any victory — yesterday, he took credit for the recent slight decrease in the price of gasoline consumers are paying at the pump.

A slight decrease that still has the price per gallon at a level most vehicle owners have never paid in their lifetime.

In a tweet Biden said, “folks, as we fight inflation, bringing down gas prices is a big part of the job, and here’s the good news. Gas prices have dropped every day this summer. That’s more than 40 days in a row. We now have 40,000 gas stations in the United States where the price of gas is $3.99 or less. How’d we get the price down? Well, a new report today shows that our plan to take oil out of storage, put it on the market, played a big part. Plus, I’m pressing the oil industry to pump more oil here in the United States, and as the global cost of oil drops, pass the savings on to the consumers. But we have a lot more to do. We’re working with the oil and gas industry to get production up and prices down, even as we stay focused on transitioning to a clean energy economy and I promise you, I’ll continue to do everything I can to bring down gas prices.”

(FreedomWire.org) – Joe Biden has been rapidly depleting the Strategic Petroleum Reserve of oil in order to lower gas prices in the United States or so he says, but 6 million barrels of oil have been sold to Unipec, the trading division of the Chinese state-owned Sinopec. In 2015, BHR, an investment firm partially owned by Hunter Biden bought up a $1.7 billion dollar share of Sinopec, a communist Chinese-controlled company.

The DOE sold four million barrels to Unipec in the fall of 2021, almost six months before Russia’s invasion of Ukraine. That oil sold for $63 dollars a barrel or about eight dollars a barrel less than oil was selling on the open market. If only Joe would be that nice to Americans, but alas, no American oil company has put Hunter on its Board of Directors. What would be happening right now if it were Don Jr. rather than Hunter. The NYT and WaPo would be demanding that President Trump be impeached.

Ben Lieberman, a senior fellow at the Competitive Enterprise Institute said, “I think it takes a bad policy and makes it worse. The idea of tapping into the Strategic Petroleum Reserve rather than maxing out on American drilling was foolish from the start, it’s like taking out a loan instead of going out and earning more money.”

“The Strategic Petroleum Reserve never really was a substitute for that and now to hear that this oil is going to China is problematic because it undercuts their rationale even more,” said Lieberman. “Biden’s policy just shows that he’s not putting American consumers and the American economy first or second or even third.”

(FreedomWire.org) – Independent Vermont Sen. Bernie Sanders lost it Sunday over Democratic West Virginia Sen. Joe Manchin on ABC’s “This Week.”

Sanders cut off “This Week” host Martha Raddatz when she brought Manchin’s refusal to back a key bill for Democrats that covers climate provisions and tax hikes, as seen in a clip shared to Twitter. “Six months ago, I made it clear that you have people like Manchin, Sinema to a lesser degree, who are intentionally sabotaging the president’s agenda, what the American people want, what a majority of us in the Democratic Caucus want. Nothing new about this,” Sanders told Raddatz in the clip.

“And the problem was that we continued to talk Manchin like he was serious. He was not. This is a guy who is a major recipient of fossil fuel money, a guy who has received campaign contributions from 25 Republican billionaires,” Sanders continued in the clip.

Raddatz then played a clip of the West Virginian leader express his deep concerns over inflation in his state, asking Sanders for his reaction.”

“You ask the people of West Virginia whether they want to expand Medicare to cover dental, hearing and eyeglasses; you ask the people of West Virginia whether we should demand that the wealthiest people and large corporations start paying their fair share of taxes,” Sanders argued back, “Ask the people of West Virginia whether or not all people should have health care as a human right, like in every other country on Earth. That’s what they will say. In my humble opinion, you know, Manchin represents the very wealthiest people in this country, not working families in West Virginia or America.”

(FreedomWire.org) – The Biden administration made clear that it’s not concerned with how high gas prices are affecting everyday Americans.

During a press conference at the NATO summit in Madrid, a New York Times reporter asked President Biden whether he believes a proposal for an oil price cap for Russian exports would help lower prices at the pump. The reporter further wondered how long drivers in the U.S. and abroad can expect “to pay that premium for this war.”

Biden was clear the financial hit Americans are taking at the pump will continue.

“As long as it takes so Russia cannot, in fact, defeat Ukraine and move beyond Ukraine,” he said. 

Biden’s Director of the National Economic Council, Brian Deese doubled down on that position. 

“What do you say to those families that say, ‘listen, we can’t afford to pay $4.85 a gallon for months, if not years?’” CNN asked.

 “This is about the future of the Liberal World Order and we have to stand firm,” Deese replied.

(FreedomWire.org) – As the oil crisis reaches a tipping point, the Biden administration is refusing to renew domestic oil production. White House press secretary Karine Jean-Pierre is claiming the responsibility falls on oil companies, and oil companies have pointed to Biden’s policies and campaign promise to destroy the oil industry.

Americans are facing the highest energy prices seen in decades, with the American Automobile Association (AAA) reporting that the national average price for a gallon of gas stood at almost $5 as of Saturday.

President Joe Biden has responded with a letter telling oil companies to boost production. Yet as the Federalist contributor David Harsanyi recently pointed out, the hypocrisy of that demand is infuriating. 

“You can’t spend decades working to undercut production and campaign on the promise of destroying an industry and then demand it turn on a dime when it’s politically convenient,” he wrote.

He then linked to footage from the 2020 presidential campaign in which Biden could be seen promising to all but cripple the energy industry.

“Number one, no more subsidies for fossil fuel industries,” Biden declared. “No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period, ends, number one.”

Harsanyi also noted how upon taking office, Biden canceled the Keystone XL pipeline and “signed a slew of executive orders prioritizing climate change over energy production, halting oil and natural gas leases on all public lands.”

(FreedomWire.org) – The left have been reciting the narrative that Americans must buy electric vehicles and how much better they are for the environment.

On Tuesday, Michigan Sen. Debbie Stabenow, a Democrat, bragged to colleagues during a Senate Finance Committee hearing about driving her electric car from her home state to Washington, D.C., unconcerned about the price at the pump. She said, “I drove it from Michigan to here this last weekend and went by every single gas station and it didn’t matter how high it was.”

She was widely mocked on social media for her “let them buy Teslas” moment.

The truth is that the high price of electric cars is not the only reason they’re not catching on. They require electricity to run. Lots and lots of electricity, in fact.

And we have General Motors spokeswoman Kristin Zimmerman to thank for letting the cat out of the bag.

During the unveiling of a new Chevy Volt last year, Zimmerman said, “Everybody thought we killed the electric vehicle.” She playfully added, “No, we didn’t. It’s alive and well.”

The smile quickly left her face when a reporter asked what source of electricity was being used to charge the vehicle.

“It’s coming from the building,” she replied.

The reporter clarified, “What’s your mix of power?”

“Lansing feeds power to the building,” she answered, hoping that would end the questioning.

It didn’t.

Stopping herself before uttering the dirty word “coal,” Zimmerman said, “I betcha there’s a bit of co — they’re heavy on natural gas, aren’t they?”

Video of the exchange cuts to J. Peter Lark, an official with the Lansing Board of Power and Light, who set the reporter straight. He told him, “It would be charging off our grid, which is about 95 percent coal.”