Energy Secy sees silver lining in high gas prices

Energy Secy sees silver lining in high gas prices
Energy Secretary Jennifer Granholm speaks during a press briefing at the White House. (AP Photo/Evan Vucci)

ENB Editors Note: The current administration’s green policies are the direct cause of high gas, diesel, and inflation. 

A representative of the Biden administration gave an update on its so-called Green Agenda. Energy Secretary Jennifer Granholm (D) claimed high gas prices will justify a transition into supposedly clean energy. On Thursday, Granholm spoke at the Hillsborough River dam in Tampa to promote hydroelectric energy. During her speech, the former Michigan Governor laid out the Biden administration’s plan to replace fossil fuel.

“We’re going to get to this clean energy economy,” Granholm declared. “One hydroelectric project, one solar panel, one wind turbine, one geo thermal project, one advanced nuclear reactor, one electric vehicle, one battery at a time.”

However, the US relies on fossil fuels for more than 80 percent of its energy consumption. Granholm acknowledged that Americans are paying exorbitant gas prices and are unlikely to see much relief by the end of the year.

“The Department of Energy has a energy information administration,” the secretary voiced. “Which is an objective entity that does analysis projecting the prices of gasoline. They said that things might stabilize by the end of this year, but the price of gas is likely to remain above four dollars a gallon.”

Americans saw a 53 percent increase in gas prices over Memorial Day weekend compared to last year. The national average for a gallon of gasoline surpassed $4.60 that week, with motorists in downtown Los Angeles seeing pump prices of more than $8 per gallon. Rather than increasing fuel supply, the White House has stifled domestic oil drilling and production.

 

Joe Biden used an executive order to effectively cancel the Keystone XL Pipeline on his first day in office. More recently, he canceled the sales of drilling leases in Alaska and the Gulf of Mexico. Secretary Granholm believes the price Americans are paying today will pay off in the form of a so-called green energy future.

“Ultimately, this price hike that we are seeing globally will likely remain high,” she said. “We want to make sure that at the same time that we are calling upon an increase in supply, that we are also accelerating our future to clean energy solution.”

Biden expressed less apprehension towards foreign oil. He is visiting the kingdom of Saudi Arabia after it agreed to increase production.

About Stu Turley 3348 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.