Irrational policy has consequences.
Energy Tomorrow Blog explained how the president’s policies in oil and natural gas development have contributed to higher gas prices.
This infographic shows how the administration’s oil policy has contributed to record high US gas prices.
Administration Oil Strategy Contributes to Price Increases
And you wonder why prices are rising?
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Energy Tomorrow added:
As the graphic shows, the president basically is pursuing an off-oil policy: delaying or canceling development on federal areas onshore and offshore, proposing punitive tax increases on America’s energy producers, threatening new layers of unnecessary regulation and rejecting key components like the Keystone XL pipeline. The president claims credit for oil and gas production (that belongs to others), while pursuing policies that actually put a drag on future oil and gas development, potentially jeopardizing America’s overall security.