Oil may hit $100 in 2022 as US energy independence dwindles

Andrew Wheeler, who headed the Environmental Protection Agency during the Trump administration, argues the Biden administration has 'done everything that they can' to decrease American production, which has caused prices to soar.

Now inflation is on the rise as U.S. oil and gas production has faltered. One might think cheap, plentiful, affordable energy would be a godsend, but fixations over climate change and a green energy agenda have discouraged much-needed investment in the U.S. energy and gas space. President Biden will bear responsibility for this underinvestment.

In the meantime, according to data from consultancy Rystad Energy, the third-quarter oil and gas reinvestment rate was 46% and below the historical average of 130%, in part because the industry fears new regulations, new taxes and a hostile political environment. The Wall Street Journal pointed out that the Biden administration and its climate czar, John Kerry, have been pressuring banks and financial institutions to reduce their commitments to U.S.

THANKS DOOFUS JOE.

Bye bye Joe

Let's grow trees, and then burn them in our home to heat, oh forgot, they are banned from burning by the tree huggers?

Who cares? We need to be off of it anyway, or at least using very little! Let the oil producers suffer!

Don’t be lazy you can’t start trading at home yourself and earns big money in return. Do you know that you can make up to $10,000 daily without stress in HFX Trading directly to your cash App or PayPal or your bank account. I’m giving tutorials for 10 lucky people first DM

Give us a follow! NFT mint coming soon. Follow to see more details about our upcoming project and minting timeline! 🐀🧀

Glad I loaded up on oil stocks. Thx Biden

Oooh, didn’t need to read that!

Thank you Brandon

FAUX NEWS! Tucker Carlson FoxNews balanceofnature LibertyMutual NewDayUSA relieffactor USAA indeed Nutrisystem Progressive safelite Applebees ADT

So a recovery from Trump's -$35?

Good thing Cramer said oil is dead and told everyone to sell $OXY while you can at $10

Why do you never discuss that Trump oversaw the largest Oil and Gas layoffs and Bankruptcies that we havent fully recovered from? trump was BEGGING OPEC to increase prices

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion | Top Six Reasons to Be Happy About Electric Vehicles in the US in 2022\u0022Morgan Stanley believes electric vehicles will in the not too distant future fall to as little as $3,000 to $5,000! That is not an expectation we can reasonably have regarding gasoline cars.\u0022 Indeed, it's going to make them more competitive and affordable. It's time to go all electric!
Source: commondreams - 🏆 530. / 51 Read more »