whatyareckon

From the team at CFACT ~

By Benjamin Zycher:

Oh what a tangled web it weaves when first the Biden administration practices to deceive. That is a slight paraphrase of Sir Walter Scott’s famous observation, but it is wholly appropriate as a general description of the Biden administration’s desperate efforts to avoid political responsibility for the sharp increases in fuel costs for which its fossil-fuel policies are almost entirely to blame. The incoherence of those policies is blatant, combining tightening constraints — formal, informal, direct, indirect — on investment in domestic crude oil production capacity and associated infrastructure (e.g., pipelines) with exhortations to both foreign and domestic producers to expand output in the here and now so as to reduce the adverse political effects of high fuel costs.

Last month there was the announcement that over the next six months 1 million barrels per day (mmbd) of crude oil…