White House press secretary Jen Psaki said that the U.S. needs to decrease its reliance on foreign oil by switching over to renewable energy, not by increasing domestic production. I would love for the U.S. to achieve that goal.
Everyone knows about Russia and Ukraine and the potential threat they pose to U.S. oil needs. Since 2021, Russia is the United States’ top source of imported gasoline and other refined petroleum products. Lithium, one of the main ingredients in the rechargeable batteries used in cars, phones, and other products, chiefly originates in China. As I write this, the U.S. has not yet imposed sanctions on the import of Russian oil. President Biden said, “he doesn’t want to burden Americans by removing that source.” He did say that, really…
So, if we can wait until 2032, when renewable energy will be widely available here, we should be okay. In the meantime, be patient. When President Biden took office, the average price of gas was $2.34. Today it’s $3.60. By 2032, it will be around $7.50.
Or, we could protect the environment and address the issues with the Keystone Pipeline and finish it. That requires less patience.