Skylar Capital CEO talks natural gas prices popping

The folks at Institute for Energy Research have identified 100 separate Biden executive orders, regulations, and laws that have impeded oil and gas production and raised prices at the pump. These range from killing pipelines, to expanding EPA regulations on oil and gas drilling and refining, to taking hundreds of thousands of acres of prime oil and gas lands on public lands and in areas like the Gulf of Mexico off-limits for drilling. Economist Casey Mulligan of the University of Chicago estimates that these policies have reduced oil and gas drilling by 2 to 3 million barrels a day. That increased production would bring gas prices down at the pump. 

Perhaps none of these half-truths and outright fibs should be too surprising. What should we expect from the administration that first denied inflation, then said inflation was transitory, then claimed it was only a high-class problem? Biden has done another about-face, decrying inflation as bad but now it is Russia’s fault or greedy businesses, like meatpackers or oil companies and even mom-and-pop gas station owners.

It must be magic! Lol