In this instance, it is all three. It is propaganda because Biden wants people to think it is not his intent to raise gas prices. We know this is a lie because the Democrats have stated many times, many ways, that all energy prices related to any sort of fossil fuel must increase. The Democrats rationalize that if they can force energy prices to rise and rise, they can transform to their New Green Deal.
The price of oil is hoovering mostly between $80 and $85 today. On November 20th of 2020 the price of oil was between $35 and $40. The price of gasoline has also doubled. The price of gasoline is a function of the price of oil. What that means is that when the price of oil increases the cost of gasoline increases. The price of oil is a direct function of supply and demand. As more oil is produced, assuming a constant demand, the price of oil would decrease, and gasoline would decrease. Of course, when less oil was produced, assuming a constant demand, the price of oil would increase, and the cost of gasoline would increase.
These basic fundamental economic principles have been in existence since the beginning of time. We must remember that Biden has claimed to be smart, and yet his transcripts and his documented history say the opposite. Stupidity has always been evident with Biden. Forgetfulness seems to be a function of age.
When the current cost of gasoline was called to Biden’s attention, this was his response: Joe Biden on Wednesday asked Federal Trade Commission Chair Lina Khan to examine oil and gas companies and their role in rising gasoline prices. Citing “potentially illegal conduct,” Biden said pump prices are rising even as industry costs are declining.
Was this reaction of Biden, propaganda, forgetfulness, or stupidity? You decide.
Here is some additional information that must be considered in your analysis.
On his first day in office, Biden immediately moved to rejoin the Paris Agreement on climate change, placed a temporary moratorium on oil and gas leasing in the Arctic and revoked the permit for the Keystone XL pipeline. He also paused oil and gas leasing on federal lands and waters.
Biden’s irrational approach on the oil-and-gas industry is being driven by a sense of urgency around the “climate crisis” — especially after four years of gutting environmental regulations during the Trump era. The International Energy Agency warned in May that the world needs to stop drilling for oil and natural gas right now to prevent a climate catastrophe. The Biden regime is doing all they can to stop drilling, they agree with the climate catastrophe theory.
In reaching your conclusion, ask yourself if less production, under the rules of economics, would increase the price of oil, does the price of oil have a direct impact on the price of gasoline, have the policies of the Biden regime impacted the supple of oil?
Do we know why the price of gasoline has doubled in the last year?
Your answer please.
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