Russia's invasion of Ukraine is going to destabilize global energy markets, but hey, at least Biden is pausing new oil and gas leases 🤦
· Feb 24, 2022 ·

Russia's looming invasion of Ukraine has been obvious for quite some time, and meanwhile any old dope with a global energy map knows what this is going to do to the worldwide supply of oil.

But hey, thank goodness we have a White House with the foresight to curtail domestic production of oil!

The Biden administration is delaying decisions on new oil and gas leases and permits after a Louisiana federal judge blocked officials from using higher cost estimates of climate change when making rules for polluting industries.

The leasing pause is an unintended result of the Feb. 11 decision by U.S. District Judge James Cain, who sided with a group GOP-led states and argued that the Biden administration's attempt to raise the real cost of climate change would hike energy costs and hurt state revenues from energy production.

Oh, it's an "unintended result," huh? Yeah, you can't possibly imagine this administration ever "intending" to reduce the supply of oil in this country. NOBODY saw it coming.

I mean it's not like this is already having a major effect on gas prices in the United States, oh wait, yes it is, absolutely, no question:

The conflict between Russia and Ukraine is having a direct impact on driver's wallets, and gas prices have increased significantly in the D.C. region.

News4 saw gas priced at $3.34 in Beltsville, Maryland, $3.73 in Tysons Corner, Virginia, and as high as $4.59 in Northwest D.C. on Wednesday.

This isn't the end of the world. But it's most assuredly the start of some serious pain at the pump. You can thank the Biden administration in part for that!

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