NO SURPRISE: Republicans Are Lying About Biden and Gas Prices
March 10, 2022
Republicans are nothing if not consistent, and they are consistently telling the same lies about President Biden and gas prices. Quite simply, President Biden’s policies haven’t contributed to rising gas prices.
FACT: The Keystone Pipeline was only 8% completed and years away from completion when President Biden ended the project, and would have no effect on today’s gas prices.
New York Times: “By the time Mr. Biden rescinded its permit on his first day in office, just 8 percent of it had been built. Even if Mr. Biden had greenlighted the project and TransCanada, now known as TC Energy, had won its court battles, it is unlikely that the pipeline would have been operational today given that the company estimated in March 2020 that it would have entered into service in 2023. And ‘even if it were completed overnight, there’s no capacity for oil to be put into this pipeline,’ Mr. De Haan said, pointing to supply chain issues and labor shortages that continue to affect American and Canadian oil and gas producers.”
Newsweek: “’Little Evidence’ Keystone Pipeline Would Level Prices Despite GOP Claims”
FACT: There are over 9,000 approved oil and gas permits available for drilling, and President Biden’s regulations have had no impact on production in the United States.
New York Times: “In its first year, the Biden administration actually approved 34 percent more of these permits than the Trump administration did in its first year, according to federal data compiled by the Center for Biological Diversity, an environmental group.”
Washington Post: “‘There’s no evidence that the regulatory environment is what has held the U.S. oil and gas sector back, and by extension, no indication that making the regulatory environment more permissive would generate additional production in the near term,’ says Kemp.”
PolitiFact: “Oil production in the U.S. in President Joe Biden’s first year was on par with 2020 and higher than in three of the four years Trump was president.”
BOTTOM LINE: Republicans have been lying about President Biden and gas prices from the very beginning of his presidency.
Associated Press: “Heading into the Memorial Day travel weekend, House Republican leader Kevin McCarthy and other members of his party are falsely blaming President Joe Biden for higher gasoline and lumber costs.”