Biden Caught Purposely Raising Gas Prices
YIKES!
Texas Republican Governor Greg Abbot has called out President Biden and his administration for their new plan which would jeopardize oil production here in the United States and increase gas prices even further.
According to Fox, Gov. Abbott wrote a letter to Biden citing the Environmental Protection Agency’s (EPA) plan to impose a discretionary re-designation of the Permian Basin, which is located in Texas and New Mexico, and accounts for 40% of all oil produced in the U.S.
Abbott didn’t mince words with Biden and said, “While you express concern about out-of-control gas prices, your Environmental Protection Agency (EPA) is threatening to increase them even further. The EPA’s process could interfere in the production of oil in Texas which could lead to skyrocketing prices at the pump by reducing production, increase the cost of that production, or do both. Your administration’s announced action is completely discretionary. Thus, you have the power to stop it.”
The EPA is trying to tighten the air quality rules at the basin which would force oil companies to cut production of oil raising gas prices.
The basin produces a whopping 5.2 million barrels of oil per day for the United States. These oil barrels can be processed into about 95,000,000 gallons of gasoline per day and now Biden could put a halt to that.
