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WASHINGTON (AP) — With the continuing threat of Russia invading Ukraine, a foreign policy crisis is colliding with one of President Joe Biden’s political vulnerabilities: Rising gasoline prices at home. Americans are already dismayed by Inflation at a 40-year high, and Biden is warning that gas prices could get higher if Russian President Vladimir Putin chooses to invade. It’s a recognition of Biden’s own risks ahead of the 2022 midterm elections: Inflation has become an albatross for Democrats despite the nation’s strong economic growth last year. Biden wants to put the focus on how the Ukraine situation is contributing to...

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising. U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.

Click here to view the full articleWest Virginia Democrat Sen. Joe Manchin has been a thorn in the side of President Joe Biden and his administration and now he is fighting against one of the first things the president did.When Biden got into the White House, he ended the Keystone Pipeline and Sen. Manchin wants him to change his mind, The New York Post reported.Sen. Joe Manchin (D‑WV) shrugged at the Biden administration’s release of 50 million barrels of oil from the Strategic Petroleum Reserve on Tuesday, describing it as a “Band-Aid” on a “self-inflicted wound” and calling on the...

Sen. Joe Manchin (D-W.Va.) is asking President Joe Biden to restart construction of the Keystone XL pipeline as gas prices continue to skyrocket across the country. Gas prices have risen steadily since Biden took office, when he made a slew of changes to America’s energy policies, breaking with the policies of President Donald Trump over concerns about “environmental justice.” According to the Labor Department’s Consumer Price Index (CPI), October saw a 30 percent increase in the price of all sources of energy while the price of gasoline itself increased by a staggering 49.6 percent. After these statistics became public, a...

Sen. Joe Manchin (D-W.Va.) is asking President Joe Biden to restart construction of the Keystone XL pipeline as gas prices continue to skyrocket across the country.Gas prices have risen steadily since Biden took office, when he made a slew of changes to America’s energy policies, breaking with the policies of President Donald Trump over concerns about “environmental justice.”According to the Labor Department’s Consumer Price Index (CPI), October saw a 30 percent increase in the price of all sources of energy while the price of gasoline itself increased by a staggering 49.6 percent.After these statistics became public, a coalition of Democratic...

Centrist Sen. Joe Manchin (D-W.Va.) is calling on President Biden to restore the Keystone XL pipeline as gas prices across the country rise. "I continue to call on President Biden to responsibly increase energy production here at home and to reverse course to allow the Keystone XL pipeline to be built which would have provided our country with up to 900,000 barrels of oil per day from Canada, one of our closest allies," Manchin said in a Tuesday statement, according to the Gazette in Colorado Spring, Colorado. "To be clear, this is about American energy independence and the fact that...

Neal Crabtree discusses the impact of the president's energy policies on 'FOX Business Tonight'

New York Times economist Paul Krugman claimed President Joe Biden has no control over the rise in gas prices. This, of course, comes after Krugman pilloried former President Donald Trump a year earlier for allegedly exercising the same control he said Biden didn’t have. Krugman took to Twitter to try to explain away the abysmal election results for Democrats Tuesday in an attempt to protect Biden: “One issue that seems to have influenced voters Tuesday was the price of gasoline — over which Biden has no control.” But Krugman went after Trump in 2020 over his alleged control over the...

A local news station reports that regular unleaded gasoline costs $7.59 per gallon, while premium gas costs $8.50 per gallon. A s prices for commodities continue to increase across the country, one California town is seeing gas prices above $7 per gallon. According to KFSN, the only gas station in the remote central coast town of Gorda boasts the nation's highest gas prices. The local news station reports that regular unleaded gasoline costs $7.59 per gallon, while premium gas costs $8.50 per gallon. This town has been home to the nation's highest gas prices for quite some time, and the...

It has been a while since Americans have had to weather the “perfect storm” of high inflation, low economic growth, shortages, and a sluggish labor market. The last time the U.S. economy simultaneously suffered from these threats was in the 1970s, under what became known as stagflation. Unfortunately, based on several economic indicators, the U.S. economy seems headed towards another bout of stagflation. However, this time, it could be more widespread and long-lasting than it was almost 50 years ago. First, inflation, which is a regressive tax, is spiraling out of control. According to the U.S. Bureau of Labor Statistics,...

Increasing evidence suggests Joe Biden is running the American government for the benefit of the Chinese Communist Party.A Chinese state-run oil and gas company linked to the son of the President of the United States, Hunter Biden, hit record levels of production amidst President Biden’s decision to halt the construction of the Keystone XL Pipeline. Sinopec, also known as China Petroleum & Chemical Corporation, is a Chinese Communist regime-controlled oil and gas enterprise. Its “fully-owned subsidiary” Sinopec Marketing Company enjoyed nearly $1 billion in investment from Hunter Biden’s private equity firm BHR Partners.Finalized in March 2015, the investments from the...

With winter ahead and a gas crunch in Europe, the demand picture appears promising. But demand destruction could be imminent as prices climb higher, some experts are warning. Higher energy prices will also fuel even higher inflation, which poses a significant threat to demand. The current energy market picture is looking good for oil bulls. International benchmark Brent crude passed the long-anticipated threshold of $80 per barrel on Tuesday, though it’s since slipped back down to trade at $78.47 as of Wednesday at 10:30 a.m. in London. West Texas Intermediate was trading at $74.73 per barrel around the same time....

The Biden administration is looking into prices at the pump and why they are higher than they are supposed to be. “There’s lots of evidence that gas prices should be going down -- but they haven’t,” President Joe Biden said on Thursday, as quoted by Bloomberg. “We’re taking a close look at that.” “We’re also going after the bad actors and pandemic profiteers in our economy,” the U.S. president also said. U.S. gas prices have risen by as much as 50 percent since the start of the year. Earlier this week, the average reached $3.19 per gallon, Bloomberg noted, citing...

The Biden administration’s plea for more oil production has been rejected by OPEC and its allies, including Russia, according to Reuters.The group of big oil producers believe oil markets do not need more oil than they plan to release in the coming months, Reuters reported.The report cited “four sources” but did not name them. Reporting on internal OPEC decisions is often based on unnamed sources.The Organization of the Petroleum Exporting Countries is a cartel of 13 nations that includes Saudi Arabia and the United Arab Emirates. A larger group, that also includes Russia, Mayalasia, and Mexico, is known as OPEC+.The...

The company behind Keystone XL Pipeline is seeking $15 billion in damages from the US government after Joe Biden revoked its permit in January. TC Energy announced it filed a Notice of Intent to initiate a NAFTA claim to recover “economic damages” caused by Biden’s move to cancel permits previously approved by Trump. “TC Energy will be seeking to recover more than US$15 billion in damages that it has suffered as a result of the U.S. Government’s breach of its NAFTA obligations,” the company said in a press release. Joe Biden’s first order of business was to kill tens of...

The Canadian-based company behind the since-scrapped Keystone XL crude oil pipeline is seeking $15 billion in damages from the US. TC Energy on Friday filed a notice of intent with the State Department, claiming they suffered the massive loss “as a result of the U.S. Government’s breach of its NAFTA obligations.” President Joe Biden cancelled the pipeline’s border crossing permit in January due to environmental concerns — and last month TC Energy pulled the plug on the project after Canadian officials failed to convince the president to reverse his decision. The partially-constructed pipeline would have transported crude from western Canada...

WASHINGTON—Russian oil imports have set a new record in the United States despite the strained relationship between Washington and Moscow. Industry experts believe the Biden administration’s climate policies will make the country more dependent on foreign oil producers. The United States imported record levels of crude oil from Russia in March and is expected to continue importing at high levels in coming months, according to the Western Energy Alliance, a trade association that represents 200 independent natural gas and oil producers in the United States. Imports of crude oil and petroleum products from Russia reached 22.9 million barrels in March,...

Canada’s TC Energy Corp. TRP 0.59% and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a years long controversy over an effort to pipe more Canadian crude to the U.S. The decision had been expected after President Biden used his first day in office to revoke a key permit for the pipeline to cross the country’s northern border, shutting down construction. It marks a historic victory for environmentalists who for a decade have made Keystone XL the focus of a campaign to block new pipeline construction as a way...

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been "successfully completed." Addressing an economic forum in St. Petersburg on June 4, Putin also said that "work on the second line is continuing." While the underwater section still needs to be linked to the section on German territory, Russian energy giant Gazprom "is ready to start filing Nord Stream 2 with gas," he added. Gazprom shares went up 0.6 percent after Putin's comments, reaching 273.80 rubles ($3.74) -- their highest level since...

While entitled to do so, Biden is eradicating programs merely for their having Trump’s signature at the bottom.There had been a proposed installation for Washington, D.C., meant to honor historical national icons. Proposed by President Trump last summer, the National Garden of American Heroes was going to honor a number of prominent individuals from our past involving a number of categories, both historical and cultural. That plan has since been scrapped by President Biden, in a move that follows in a line of other items from Trump’s tenure that have become rescinded arbitrarily by Biden.The garden, while not the most...