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    Wednesday, April 24, 2024

    The Keystone and Nord Stream 2 pipelines

    Before the pandemic hit gas prices were around $2.38 a gallon. President Trump bragging recently to Hugh Hewitt intones that when he left it was $1.86 a gallon, and he was right, it was $1.86 a gallon in some areas right at the start of the pandemic around March 2020, partly due to lack of demand caused by lockdowns and business closures. Per Newsweek magazine, we are paying $144 million more per day for gas under Biden than under President Trump, this from data provided by the U.S. Energy Information Administration (EIA). There is a general consensus that says presidents have limited power controlling gasoline prices, that, it is a shell game of supply and demand, and prices were lower for Trump because of lack of demand and higher for Biden because of higher demand. Then there is the Keystone pipeline. President Trump approved it, and President Biden canceled it his first week in office thus causing the layoffs of thousands of Canadian and American oil and construction workers. Then President Biden approves the Nord Stream 2 pipeline. So here we are paying MORE for energy, and indirectly financing the Russian invasion of Ukraine, but President Trump was impeached for Russia collusion.

    Malcolm Jules

    Ledyard

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