September 30, 2024

Republicans Wrongly Blame Biden for Rising Gas Prices

Moreover, the specific policies cited by Republican lawmakers as evidence of Mr. Biden’s supposed “war on American energy” have had little impact on rising gas prices.

The Keystone XL pipeline, which would have expanded an existing system transporting oil from Canada to the Gulf Coast, has been a political and environmental battleground since its conception in 2008. The Obama administration denied the company behind it, TransCanada, a construction permit in 2015. The Trump administration approved the permit in 2017, but the project stalled in the face of litigation. 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 Biden rescinded its permit on his first day in office, just 8 percent of it had been built.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.

Absent the Keystone XL pipeline, crude oil imports from Canada have nonetheless increased by 70 percent since 2008, transported by other pipelines and rail. The Trump administration itself told PolitiFact in 2017 that the pipeline’s impact on prices at the pump “would be minimal.”

The claims about oil and gas leases are even more incorrect.

Though Mr. Biden temporarily halted new drilling leases on federal lands in January 2021, a federal judge blocked that move last June. 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.

“None of these permits are relevant to production right now,” Mr. Rajendran said. “These permits are for production three, four years down the line. If they had approved 10 times as many permits, we would have the same production issues.”

Article source: https://www.nytimes.com/2022/03/09/us/politics/fact-check-republicans-biden-gas.html

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