President Joe Biden is set to announce executive action Monday to boost renewable energy production as the war against the US fossil fuel industry continues.
Gas prices hit record highs for the eighth day in a row, while Biden focused on more expensive and out-of-reach green energy. According to Reuters, “Biden will help close the solar panel supply gap and launch US projects that stalled after the investigation froze imports from major foreign suppliers.”
A source familiar with the president’s actions told CNN that Biden’s energy strategy will increase the use of renewable energy through the Defense Production Act.
“As part of his multi-pronged strategy to accelerate clean energy transfer and lower energy costs in America, the President will enact the Defense Production Act Monday to rapidly expand domestic production of critical clean technologies,” the source said. said. CNN.
Meanwhile, gasoline prices hit $4.86 per gallon on Monday. Gas prices soared during Biden’s presidency, more than doubled during his tenure.
AP Photo/Manual Balce Ceneta, file
Biden is scheduled to meet with Crown Prince Mohammed bin Salman in Saudi Arabia in July. During the meeting, Biden’s call for the prince to increase oil production will be made. It is not known whether attempts to force Saudi Arabia to lower oil prices will work.
But according to New York Times“The president’s trip to Saudi Arabia is unlikely to lower oil and fuel prices, and it is unclear whether anything he can do will work.”
Biden Energy Secretary Jennifer Granholm told reporters on Thursday that American drivers will have to pay at least four dollars per gallon for the foreseeable future. “Gas prices are likely to remain above $4 per gallon,” he calculated, based on Department of Energy data.
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Source: Breitbart
