Biden's idiotic decision to shut down the Keystone
Pipeline and slap strangling restrictions on the
American fossil fuel industry has triggered the
highest inflation in 40 years. The average cost
of gasoline in America has now reached a
record high of $4.37 a gallon!
Geltrude & Company founder Dan Geltrude told
FOX Business he thinks gas prices will hit $5 this
month and that it could even go as high as $10
unless the Biden administration expands domestic
oil production.
"It would not surprise me," he said. "So until the Biden
administration decides that we are going to pump more oil,
it is not going to change. Fuel costs are just going
to continue to rise."
Geltrude said the U.S. is on track to enter a full-blown
recession within the year.
"If nothing were to change, I see that happening within the
next six to 12 months," he said. "Fuel costs are skyrocketing,
which impacts everything, because all goods and services go
from point A to point B using fuel. So as those costs go up,
the price of everything goes up."
Geltrude said the Federal Reserve will eventually be forced to take aggressive action by "dramatically" increasing interest rates, which
will throw the country into a recession.
The Democrats are now desperately trying to blame Biden's recession
on the Russians or on Trump, but the American people aren't buying it.
They know there was no inflation under Trump and gas was $2.19
a gallon. They also know that gas prices were shooting up long before
Russia invaded the Eukraine.
At this point America can only hope Biden wakes up and drops
all the restrictions he put on our fossil fuel industry - which is not likely. Or, that the American people vote the Democrats out
of control of Congress and the Senate in the mid-tern elections
- which is very likely.
On Thursday, March 10, 2022 at 3:18:10 PM UTC-5, Irish Mike wrote:ITYM "is the cause"
Biden's idiotic decision to shut down the Keystone
Pipeline and slap strangling restrictions on the
American fossil fuel industry has triggered the
highest inflation in 40 years. The average cost
of gasoline in America has now reached a
record high of $4.37 a gallon!
Geltrude & Company founder Dan Geltrude told
FOX Business he thinks gas prices will hit $5 this
month and that it could even go as high as $10
unless the Biden administration expands domestic
oil production.
"It would not surprise me," he said. "So until the Biden
administration decides that we are going to pump more oil,
it is not going to change. Fuel costs are just going
to continue to rise."
Geltrude said the U.S. is on track to enter a full-blown
recession within the year.
"If nothing were to change, I see that happening within the
next six to 12 months," he said. "Fuel costs are skyrocketing,
which impacts everything, because all goods and services go
from point A to point B using fuel. So as those costs go up,
the price of everything goes up."
Geltrude said the Federal Reserve will eventually be forced to take aggressive action by "dramatically" increasing interest rates, which
will throw the country into a recession.
The Democrats are now desperately trying to blame Biden's recession
on the Russians or on Trump, but the American people aren't buying it.
They know there was no inflation under Trump and gas was $2.19
a gallon. They also know that gas prices were shooting up long before Russia invaded the Eukraine.
At this point America can only hope Biden wakes up and dropsDude, I doubt anyone believes that Biden's bungling isn't the cause of increasing gas prices, no matter what they say publicly.
all the restrictions he put on our fossil fuel industry - which is not likely. Or, that the American people vote the Democrats out
of control of Congress and the Senate in the mid-tern elections
- which is very likely.
-TE
On Thursday, March 10, 2022 at 3:18:10 PM UTC-5, Irish Mike wrote:
Biden's idiotic decision to shut down the Keystone
Pipeline and slap strangling restrictions on the
American fossil fuel industry has triggered the
highest inflation in 40 years. The average cost
of gasoline in America has now reached a
record high of $4.37 a gallon!
Geltrude & Company founder Dan Geltrude told
FOX Business he thinks gas prices will hit $5 this
month and that it could even go as high as $10
unless the Biden administration expands domestic
oil production.
"It would not surprise me," he said. "So until the Biden
administration decides that we are going to pump more oil,
it is not going to change. Fuel costs are just going
to continue to rise."
Geltrude said the U.S. is on track to enter a full-blown
recession within the year.
"If nothing were to change, I see that happening within the
next six to 12 months," he said. "Fuel costs are skyrocketing,
which impacts everything, because all goods and services go
from point A to point B using fuel. So as those costs go up,
the price of everything goes up."
Geltrude said the Federal Reserve will eventually be forced to take aggressive action by "dramatically" increasing interest rates, which
will throw the country into a recession.
The Democrats are now desperately trying to blame Biden's recession
on the Russians or on Trump, but the American people aren't buying it.
They know there was no inflation under Trump and gas was $2.19
a gallon. They also know that gas prices were shooting up long before Russia invaded the Eukraine.
At this point America can only hope Biden wakes up and dropsDude, I doubt anyone believes that Biden's bungling isn't the cause of increasing gas prices, no matter what they say publicly.
all the restrictions he put on our fossil fuel industry - which is not likely. Or, that the American people vote the Democrats out
of control of Congress and the Senate in the mid-tern elections
- which is very likely.
-TE
Biden's idiotic decision to shut down the Keystone
At this point America can only hope Biden wakes up and drops
all the restrictions he put on our fossil fuel industry - which is not likely. Or, that the American people vote the Democrats out
of control of Congress and the Senate in the mid-tern elections
- which is very likely.
Irish Mike
On 3/10/2022 3:18 PM, Irish Mike wrote:
Biden's idiotic decision to shut down the Keystone
At this point America can only hope Biden wakes up and drops
all the restrictions he put on our fossil fuel industry - which is not likely. Or, that the American people vote the Democrats out
of control of Congress and the Senate in the mid-tern elections
- which is very likely.
Irish Mike
Oil prices have been skyrocketing since April 2020. Nothing to do with
Biden.
Who decides to expand production? I assume it is the oil companies and
the well owners. My local paper has letters to the editor stating that
the government should lower prices. How does that work?
GO BACK TO SCHOOL AND GET AN EDUCATION IN STEAD OF PARROTING FOX NEWS.
Joe Biden crippled America's fossil fuel industry with punitive rules and regulations. His drilling permits are so expensive and restrictive that
the American oil companies won't use them. Which is why we
have the highest inflation in 40 years and the average cost of a gallon
of gas is now at a record high of $4.37 - heading for $5.00 a gallon.
On 3/10/2022 3:18 PM, Irish Mike wrote:
Biden's idiotic decision to shut down the Keystone
At this point America can only hope Biden wakes up and drops
all the restrictions he put on our fossil fuel industry - which is not likely. Or, that the American people vote the Democrats out
of control of Congress and the Senate in the mid-tern elections
- which is very likely.
Irish Mike
Oil prices have been skyrocketing since April 2020. Nothing to do with
Biden.
Who decides to expand production? I assume it is the oil companies and
the well owners. My local paper has letters to the editor stating that
the government should lower prices. How does that work?
GO BACK TO SCHOOL AND GET AN EDUCATION IN STEAD OF PARROTING FOX NEWS.
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