Tuesday, March 8, 2022

Gas prices

Yesterday at the daily White House press briefing Jen Psaki said that we could solve the energy shortage faster using wind and solar than by relying on fossil fuels. Q. Would President Biden ever undo his executive order that stopped the construction of the Keystone XL Pipeline. A. Are you suggesting that would solve the gas prices issue? Q. Well, do you think that that would maybe affect prices faster than getting the whole country off of fossil fuels? A. I actually don't think it would. The Keystone was not and oilfield, its a pipeline. While moving toward renewables is a long term goal it is a mistake to go too fast as witnessed in Germany. The most optimistic goal to replace fossil fuels is 2050 but that does not explain how airplanes will fly. The administration apparently feels that building more windmills and solar panels will solve the high gas prices faster than increasing the supply of oil and natural gas.

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