{"id":116118,"date":"2021-02-02T11:04:57","date_gmt":"2021-02-02T16:04:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=116118"},"modified":"2021-02-02T19:42:00","modified_gmt":"2021-02-03T00:42:00","slug":"economists-bidens-policies-to-lift-oil-and-gas-prices-hurt-u-s-households","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-bidens-policies-to-lift-oil-and-gas-prices-hurt-u-s-households\/","title":{"rendered":"Economists: Biden\u2019s policies to lift oil and gas prices, hurt U.S. households"},"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\">24<\/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%2Feconomists-bidens-policies-to-lift-oil-and-gas-prices-hurt-u-s-households%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=116118&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><img decoding=\"async\" width=\"315\" height=\"210\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-1206496786-315x210.jpg\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" style=\"float:left;margin:0 15px 15px 0\" \/><\/p>\n<div id=\"attachment_2364812\" style=\"width: 665px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2364812\" loading=\"lazy\" class=\"size-large wp-image-2364812\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/02\/GettyImages-1206496786-655x437.jpg\" alt=\"\" width=\"655\" height=\"437\" \/><\/p>\n<p id=\"caption-attachment-2364812\" class=\"wp-caption-text\">PHILADELPHIA, PA &#8211; MARCH 10: Joe Biden addressed the media on March 10, 2020 in Philadelphia, Pennsylvania.\u00a0 (Photo by Mark Makela\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>\nUPDATED 4:30 PM PT \u2013 Tuesday, February 2, 2021<\/h5>\n<p>Joe Biden&#8217;s energy policies are already hurting American households due to a gradual increase in gas prices across the nation.<\/p>\n<p>Reports on Tuesday found Biden&#8217;s orders to block the Keystone XL pipeline and his ban on oil drilling and fracking on federal lands are reducing the supply of oil in the U.S.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are reviewing the expected action to revoke the existing Presidential Permit for the Keystone XL pipeline.  <a href=\"https:\/\/t.co\/jE1B1ZHzRD\">https:\/\/t.co\/jE1B1ZHzRD<\/a><\/p>\n<p>&mdash; Keystone XL Pipeline (@KXLPipeline) <a href=\"https:\/\/twitter.com\/KXLPipeline\/status\/1351908588726444035?ref_src=twsrc%5Etfw\">January 20, 2021<\/a><\/p>\n<\/blockquote>\n<p>As a result, refiners are facing higher input costs and are passing them on to consumers at the pump. Gas prices are rising across the U.S., hitting $4 per gallon in California despite an ongoing economic downturn.<\/p>\n<p>Analysts said Biden&#8217;s policies could push oil prices even higher next year.<\/p>\n<p>&#8220;Yeah look, we think we can see oil prices into the 60s, WTI later this year, and stick there in 2022,&#8221; Brian Singer, senior oil and gas equity research analyst said.<\/p>\n<p>Economists said Biden&#8217;s policies are a boom to major oil companies that will extract ultra high revenues amid low spending, while small independent drillers will face bankruptcy.<\/p>\n<p>&#8220;Oil price in this environment in 50s to 60s is reasonable oil price, that said we&#8217;re not counting on it, we&#8217;re focused on capital discipline, cost management,&#8221; Pierre Breber, Chevron CFO said. &#8220;We&#8217;re focused on what we can control.&#8221;<\/p>\n<p>Biden&#8217;s actions will increase America&#8217;s reliance on imported oil, generating a windfall of cash for Saudi Arabia and Russia.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/female-athletes-denounce-biden-executive-order-on-gender-identity\/\">Female Athletes Denounce Biden Executive Order On Gender Identity<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, PA \u2013 MARCH 10: Joe Biden addressed the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1892499,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[3706,4934,4940,4937,4600,4590],"class_list":["post-116118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bidens","tag-economists","tag-hurt","tag-lift","tag-policies","tag-prices"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/116118","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=116118"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/116118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1892499"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=116118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=116118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=116118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}