{"id":1105349,"date":"2021-12-10T08:29:15","date_gmt":"2021-12-10T13:29:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1105349"},"modified":"2021-12-10T08:29:17","modified_gmt":"2021-12-10T13:29:17","slug":"drilling-ceo-price-of-gas-headed-higher-under-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/drilling-ceo-price-of-gas-headed-higher-under-biden\/","title":{"rendered":"Drilling CEO: Price Of Gas \u2018Headed Higher\u2019 Under Biden"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdrilling-ceo-price-of-gas-headed-higher-under-biden%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1105349&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Canary CEO and energy commentator Dan Eberhart warned that the price of gas is poised to further increase.<\/p>\n<p>In an interview with <a href=\"https:\/\/www.foxbusiness.com\/energy\/biden-is-going-to-have-to-worry-about-rising-gas-prices-a-lot-more-canary-ceo-warns\">Fox Business<\/a> anchor Neil Cavuto, the oilfield drilling executive said that \u201cthe market overreacted to the omicron demand destruction.\u201d<\/p>\n<p>\u201cOPEC is supposed to add 400,000 barrels a day a month. They\u2019re struggling to do that right now,\u201d Eberhart explained. \u201cAnd on top of that, we\u2019ve got an inflationary economic environment, so I think oil is headed higher.\u201d<\/p>\n<p>Eberhart added, however, that Biden\u2019s \u201cpolicies are pushing gas pricing up.\u201d He&nbsp;said that the administration \u201cdoesn\u2019t care for the price for energy that consumers are paying,\u201d and pointed to the revoking of the Keystone pipeline permit and other restrictions on drilling.&nbsp;<\/p>\n<p>\u201cI think what [Biden] is showing is he cares more about hurting oil companies in general and he cares more about pushing a progressive kind of Green New Deal type agenda than he does about energy prices,\u201d Eberhart argued. \u201cThat is what I am seeing if you look at the policies.\u201d<\/p>\n<p>Between November 2020 and November 2021, the average cost of gas increased from $2.01 to $3.40 per gallon. Despite the precipitous rise in prices during his presidency, Biden\u2019s Democratic allies have been emphasizing the smallest available signs of momentary cost savings. For instance, the Democratic Congressional Campaign Committee <a href=\"https:\/\/www.dailywire.com\/news\/democrats-celebrate-gas-prices-declining-by-two-cents-in-two-weeks\">shared<\/a> a graph on Twitter showing that gas prices had dropped two cents.&nbsp;<\/p>\n<p>Allies in the media have followed suit. CNN host Don Lemon <a href=\"https:\/\/www.dailywire.com\/news\/don-lemon-praises-slightly-lower-gas-prices-amid-bidens-push-for-better-press\">celebrated<\/a> the fact that gas prices have fallen by roughly $0.09 from last month.&nbsp;<\/p>\n<p>\u201cA big economic relief for millions of Americans who have been dealing with soaring energy prices,\u201d Lemon said on Tuesday. \u201cCost at the pump, finally easing up. With the national average for a gallon of regular falling to $3.35. The lowest since October. Just look at that.\u201d<\/p>\n<p>Lemon then welcomed Austan Goolsbee \u2014 former chairman of the Council Of Economic Advisors under President Barack Obama and economics professor at the University of Chicago\u2019s Booth School of Business \u2014 to drive home the point.<\/p>\n<p>\u201cCan we just celebrate this some good news just for a minute? I\u2019ll take it where I can get it,\u201d Lemon told Goolsbee.<\/p>\n<p>\u201cYeah,\u201d Goolsbee responded. \u201cI\u2019m kicking myself because I filled my tank just a few days ago, 64 bucks, when I filled up my tank and I should have waited.\u201d<\/p>\n<p>Amid the rising gas prices, the Biden administration announced plans last month to <a href=\"https:\/\/www.dailywire.com\/news\/bidens-tapping-of-petroleum-reserves-will-provide-just-over-2-5-days-worth-of-oil\">tap<\/a> 50 million barrels of oil from the United States Strategic Petroleum Reserve. According to the United States Energy Information Administration, however, the United States consumed roughly 18 million barrels of petroleum per day in 2020 \u2014 meaning that the release of 50 million barrels would only mean 2.5 days\u2019 worth of consumption.<\/p>\n<p>Nevertheless, Amos Hochstein \u2014 the White House\u2019s Senior Advisor for Energy Security \u2014 <a href=\"https:\/\/www.dailywire.com\/news\/biden-could-release-more-oil-from-strategic-reserves-even-though-first-release-didnt-move-gas-prices\">said<\/a> in an interview that releasing oil from the reserve \u201cis a tool that was available to us and will be available again.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canary CEO and energy commentator Dan Eberhart warned that the price of gas is poised to further increase.In an interview with Fox Business anchor Neil Cavuto, the oilfield drilling executive said that \u201cthe market overreacted to the omicron demand destruction.\u201d\u201cOPEC is supposed to add 400,000 barrels a day a month. They\u2019re struggling to do that right now,\u201d Eberhart explained. \u201cAnd on top of that, we\u2019ve got an inflationary economic environment, so I think oil is headed higher.\u201dEberhart added, however, that Biden\u2019s \u201cpolicies are pushing gas pricing up.\u201d He\u00a0said that the administration \u201cdoesn\u2019t care for the price for energy that consumers are paying,\u201d and pointed to the revoking of the Keystone pipeline permit and other restrictions on drilling.\u00a0\u201cI think what [Biden] is showing is he cares more about hurting oil companies in general and he cares more about pushing a progressive kind of Green New Deal type agenda than he does about energy prices,\u201d Eberhart argued. \u201cThat is what I am seeing if you look at the policies.\u201dBetween November 2020 and November 2021, the average cost of gas increased from $2.01 to $3.40 per gallon. Despite the precipitous rise in prices during his presidency, Biden\u2019s Democratic allies have been emphasizing the smallest available signs of momentary cost savings. For instance, the Democratic Congressional Campaign Committee shared a graph on Twitter showing that gas prices had dropped two cents.\u00a0Allies in the media have followed suit. CNN host Don Lemon celebrated the fact that gas prices have fallen by roughly $0.09 from last month.\u00a0\u201cA big economic relief for millions of Americans who have been dealing with soaring energy prices,\u201d Lemon said on Tuesday. \u201cCost at the pump, finally easing up. With the national average for a gallon of regular falling to $3.35. The lowest since October. Just look at that.\u201dLemon then welcomed Austan Goolsbee \u2014 former chairman of the Council Of Economic Advisors under President Barack Obama and economics professor at the University of Chicago\u2019s Booth School of Business \u2014 to drive home the point.\u201cCan we just celebrate this some good news just for a minute? I\u2019ll take it where I can get it,\u201d Lemon told Goolsbee.\u201cYeah,\u201d Goolsbee responded. \u201cI\u2019m kicking myself because I filled my tank just a few days ago, 64 bucks, when I filled up my tank and I should have waited.\u201dAmid the rising gas prices, the Biden administration announced plans last month to tap 50 million barrels of oil from the United States Strategic Petroleum Reserve. According to the United States Energy Information Administration, however, the United States consumed roughly 18 million barrels of petroleum per day in 2020 \u2014 meaning that the release of 50 million barrels would only mean 2.5 days\u2019 worth of consumption.Nevertheless, Amos Hochstein \u2014 the White House\u2019s Senior Advisor for Energy Security \u2014 said in an interview that releasing oil from the reserve \u201cis a tool that was available to us and will be available again.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1105349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1105349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1105349"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1105349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1105349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1105349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1105349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}