(1) Timing here is not coincidental.
Biden battered over inflation.
Biden asks OPEC to increase production.
OPEC refuses.
Then comes Omicron.
Biden battered over inflation.
Biden asks OPEC to increase production.
OPEC refuses.
Then comes Omicron.
(2) The Biden energy policy is specifically to blame for the current price increases across the entire energy sector.
(3) Biden halted pipelines, cancelled oil and gas leases, blocked expanded refinery capacity and regulated the entire U.S. oil industry into a place of diminished capacity. That is why energy prices have, as Obama promised, “necessarily skyrocketed.”
(4) All of Biden energy policy, and all of Biden spending around the Build Back Better agenda, is designed to take us from where we are now into some distant place where fossil fuels are not the energy mechanism; that’s the Green New Deal component of this.
(5) However, there is no policy for their transition – they stopped all current energy development around oil and coal.
And, we ain’t seen nothing yet. Depending on how cold it is this winter, we can expect natural gas and home heating oil to double in the next few months.
And, we ain’t seen nothing yet. Depending on how cold it is this winter, we can expect natural gas and home heating oil to double in the next few months.
(6) The near horizon looks pretty clear. Gasoline will keep rising fast and will cost $6 to $7/gal before next spring. There is no way under current Joe Biden policy to avoid this, unless he was to completely abandon his energy policy; that’s not likely.
(7) The climate change ideologues, academics and far-left communists behind the Biden policy are not likely to see the catastrophic economic damage as a bad thing.
Instead, they say it’s the new normal.
Instead, they say it’s the new normal.
(8) With that level of supply side economic chaos seemingly unavoidable, the only way for Biden to try and mitigate political damage is an attempt to halt the demand side. That’s why the administration needs Omicron.
(9) Our window to prepare for another jump in inflation is slowly closing. We are down to around 60 days, and then things get ugly. The people behind Biden know this. Omicron is a tool they are trying to use to moderate speed of impact within the window.
(10) That reality is also why the White House cancelled Joe Biden's previously scheduled public remarks today on the topic of inflation.
They were told today by private sector companies, inflation is about to get worse. The White House is in crisis mitigation mode. /END
They were told today by private sector companies, inflation is about to get worse. The White House is in crisis mitigation mode. /END
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