Biden’s America destroying policies will be worse in 2022.
The Daily Caller reported:
The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation achieved net exporter status, according to government data.
The country will import more crude oil than it will export, signaling lower domestic production of the commodity, according to an Energy Information Administration (EIA) report Friday. In 2020, the U.S. exported more petroleum than it imported for the first time in several decades.
“In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020,” the EIA said. “According to our February 2022 Short-Term Energy Outlook (STEO), we expect net crude oil imports to increase, making the United States a net importer of petroleum in 2022.”
…Former President Donald Trump pursued an aggressive energy agenda, promoting domestic fossil fuel production. The Trump administration approved multiple pipelines, ended the previous coal leasing moratorium and opened up more federal lands for oil and gas leasing.
President Joe Biden, though, has taken the opposite approach, nixing the Keystone XL pipeline, ditching an oil drilling project in Alaska, staying silent on a court ruling that prohibited a massive offshore drilling lease in the Gulf of Mexico and making it harder for utilities to gain approval for natural gas projects.
As a result of Biden’s policies, the cost of oil has nearly doubled. This only helps the Saudis, Iran, Russia, etc., who benefit from the higher prices at the expense of Americans.
Biden’s policies always hurt Americans and help some other country, company, or individual. Always.
The post After Being Energy Independent for First Time in Decades in 2020, US Became Energy Importer in 2021 and Projections Are 2022 Will Be Worse appeared first on The Gateway Pundit.