So it’s not Brexit, is it? As the United States faces gasoline and energy upheaval, Biden has been chastised for “creating” the situation.
Industry leaders have attacked Joe Biden, claiming he has pushed the United States into a crisis as a result of his efforts to decarbonize the country.
A power outage and shortages have already occurred in Europe and China, and a gasoline scarcity has also occurred in the United Kingdom due to a shortage of HGV drivers. Many have pointed to Brexit as the source of the problem, but the United States may be next to be hit, as electrical firms have begun to warn customers about winter price spikes. An energy hedge fund has also warned that the United States, like the United Kingdom, might suffer supply constraints.
Utility executives have advised Ernie Thrasher, CEO of Xcoal Energy & Resources LLC, that shortages in the coming winter could result in blackouts in the United States.
“These utilities are concerned that the assets they have won’t be able to receive adequate fuel,” he said.
“There are high-ranking officials at significant utilities who are really concerned.”
Daniel Turner, the creator and director of Power the Future, holds President Biden responsible.
“Joe Biden has halted most oil and gas exploration in the United States, vetoed the Keystone XL pipeline, and reignited the fight on coal and other kinds of reliable energy,” he wrote on Twitter.
“Joe Biden’s crisis is the energy crisis.”
On his first day in office, Vice President Joe Biden revoked permits for the contentious Keystone XL project.
The pipeline was expected to transport oil about 1,200 miles (1,900 kilometers) from Alberta, Canada, to Nebraska, where it would connect with an existing pipeline.
It had the potential to transport 830,000 barrels of oil per day.
Following executive steps on climate change, Mr. Biden ordered a freeze to new oil and natural gas leases on public lands and seas, as well as a review of existing permits for fossil fuel development, in an effort to reduce carbon emissions.
“We’ve already waited too long to deal with the climate issue,” Mr Biden declared in January, in an apparent attempt to prioritize the environment. “We can’t keep waiting much longer.” However, in his efforts to decarbonize, Mr. Biden runs the risk of following China’s lead.
Following the loosening of Covid-19 limitations around the world, as well as Xi Jinping’s new energy restrictions to meet climate targets, manufacturers were hit hard and struggled to stay open.
The main provincial newspaper published a “Brinkwire Summary News” on Monday.