Biden is reportedly seeking to weaken oil sanctions on Nicolas Maduro, the Communist autocrat of Venezuela. opposing fossil fuel speculationFox Business host Charles Payne warned that the U.S. could “genuflect” to Europe’s green revolution and follow the example of Europe.
Payne observed how European nations have lost their ability to produce energy over the past decades. Then, they realized that their main proprietor Russia is no longer a viable source of energy and their left-leaning governments are causing grid damage.
“I used on [‘Making Money’]He said that the schematic was from 1974, when Germany had predicted that nuclear power plants would be their sole source of power. “Of course they have scratched that. They would not build liquefied natural gases facilities. They are now trying to speed them up, but it takes many years to build them.”
“The suicide that we are seeing by Western nations genuflecting to this green utopia that they think is right around the corner – but instead they’re killing; they’re crushing the citizens.”
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In the drive-thru area at McDonald’s in Bradford (Pennsylvania), near the New York border, an oil pumpjack is operating.
(Reuters)
Oil prices rose from a Trump-era low at $2.50 per gallon in many areas to $5.01 during the summer under Biden. Although the price has settled to $4 in recent days, Payne stated that the proverbial “sin” is his own.
“It’s just going to get worse,” he stated. “This conversation that we are having now, we will have another similar conversation a year from now, two years from here, three years later, because there is a lack of investment in fossilfuels in this country. It is going to be catastrophic to us.” It is going to destroy us.”
Biden and his followers believe the U.S. could “flip a flip” to solar or wind power, instead of oil, he stated.
He stated, “Everyone involved should know it’s wrong.” Sean Hannity, the host, also pointed out that the U.S. has vast oil production capacity, principally in Alaska and Texas. Pennsylvania is considered the Keystone State.New York and New York are both rich in natural gas, but they are currently under state parkland moratoriums for the former and a blanket ban for the latter.
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Nicolas Maduro was the Venezuelan president and one of the first people to congratulate Gustavo Petro for his win. Photographer: Gaby Olaa/Bloomberg via Getty Images
(Gaby Oraa/Bloomberg via Getty Images
In 1859, Titusville, Pa., was home to the first oil well commercially drilled in America. Venango County continues to produce crude oil until this day. However, on Wednesday, the average price per gallon in that area was $3.99.
Payne then noted reportage about a possible change in Relations with VenezuelaAs the U.S. searches for alternative outlets to oil acquisition.
According to Wall Street Journal, the administration is working to lower sanctions against the Maduro regime of Caracas in order to allow Chevron Corporation’s operations to resume there.
This would be in return for Maduro returning to the negotiation table with his political opposition. A spokesperson for the NSC told the paper that Maduro must take “constructive measures” to implement any changes.
The fuel prices at a Chevron gasstation, Menlo Park in California, US on Thursday, June 9, 20,22. According to the American Automobile Association, Stratospheric Fuel prices broke records for at most seven days. The average fuel cost per gallon was $4.96 as of June 8.
(Photographer – David Paul Morris/Bloomberg via Getty Images
Payne declared, “Here is the crazy thing.” “You talk about the poor environmental… track record in Venezuela. It also contains some extremely heavy crude. [oil]. It requires a lot of energy and effort to refine it. It’s so stupid and so dumb.”
“It doesn’t make sense at all from a humanitarian or economic standpoint. It does not meet the criteria necessary to ensure the safety of Americans and other Western Hemisphere countries. He said that it actually makes each one of them even worse.”
Maryland Republican Governor. Lawrence Hogan Jr. met up with Venezuelan-American business leaders to urge Biden not relax these sanctions.
Hogan stated that he hoped his presence today would send a clear message to Maryland that they stand with Venezuelan, Cuban, Nicaraguan and all Latin American citizens who long for freedom and democracy.
Paul Steinhauser from Fox News contributed to this report.
