- Justin Haggerty | The Daily Knight
Corrupt U.S. Government responsible for High Gas Prices
Justin Haggerty | The Daily Knight
While the illegitimate Washington D.C. blames rising gas prices on Russian military operations in Ukraine, global oil and gas markets do not fit the narrative portrayed by the White House or the mainstream media.
The Gateway Pundit reported that Washington is "so obsessed with climate change that they even had a meeting with oil executives last year and pressured them to decrease output."
The Washington Free Beacon reported:
"How Dems Helped Spike Gas Prices
Despite reassurances from the White House that it is doing nothing to discourage oil companies from opening new drill sites, President Joe Biden’s allies in Congress just months ago pressured oil executives to decrease outputs because of climate change, raising questions about the Democratic Party’s strategy to lower prices for consumers.
In late October, for example, the House Oversight and Reform Committee called in the CEOs of Exxon, BP, Shell, and Chevron to explain what steps they are taking to produce less oil and gas, with Rep. Hank Johnson (D., Ga.) alleging that “the world can’t wait” any longer. At the time, gas prices were hovering around a 10-year high.
The hearing has gained new relevance as a global gas shortage has pushed prices to an all-time high. Prices are rising even more due to Russia’s invasion of Ukraine, with no sign of falling after Biden’s announcement that the United States will no longer accept Russian oil imports. Those facts have left Democrats scrambling for a solution before the November midterms as Republicans demand that the White House encourage domestic oil drilling operations."
Two sources confirmed, to our staff to The Daily Knight, that multiple ExxonMobil facilities have only been producing at 35% capacity in the past year. The idled back production prolonged the recessed socio-economic effects of COVID-19 and made any possible recovery unlikely. For what was the leading oil and gas market in the world, American oil & gas production has been stagnant through 2020 and 2021.
Yet, Washington wants to blame Russia for the recent spike in prices. Don't forget how the same government blamed the 2021 spike on the cyper-attack of Colonial Pipeline, instead of addressing the reduction in production and surmounting logistical constraints.
The truth is, the United States is hardly a major importer of Russian oil and gas. According to Reuters, America only accounts for less than 3% of Russian exports. The slice can hardly be found on a pie graph.
Moreover, western Europe in the EU, shares the same rising prices, while the rest of the global market has been hardly affected. In fact, Russia's price of gas (converted to U.S. Dollars/gallon) is around $2.34/gal and dropping. If sanctioned and demand decreasing, wouldn't Russia's prices also increase? Other eastern European nations have witnessed similar market conditions.
A simple research into Auto Traveler, for calculating travel costs, illustrates a distinct difference in gas prices across Europe.
So, is the recent oil & gas crisis in the European Union and North America fabricated by the governments in Washington, London, Paris, and Berlin? Most certainly.
In Christ Crucified and the Most Victorious Heart of Jesus.
