"A politician is a fellow who will lay down your life for his country." -- Texas Guinan. 19th century American businessman

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KJP Stumbles Explaining Why Biden Abandoned Plan To Refill Oil Reserves MikeRivero

White House Press Secretary Karine Jean-Pierre struggled to come up with a good explanation as to why President Joe Biden has failed to refill the Strategic Petroleum Reserve as he promised.

During a briefing with reporters on Wednesday, Fox News correspondent Peter Doocy brought up Biden’s promise to refill the SFR, which he said he was draining to compensate for the increase in gas prices.

British energy giant Shell should not be allowed to sell its onshore assets in Nigeria until it properly addresses the environmental damages its decades of oil spills have caused in the Niger Delta region, human rights advocate Isa Sanusi told RT in an interview on Tuesday.

Sanusi, the director of Amnesty International in the West African country, accused the Nigerian government of standing by and doing nothing while Shell destroyed thousands of livelihoods through oil pollution, a problem which has persisted for over half a century.

Market watchers warn that oil prices could surge if the latest tit-for-tat between Israel and Iran morphs into a wider regional conflict. If the Biden administration slaps new sanctions on Iran's oil exports, it could send prices higher too, observers say.

On the eve of Iran's retaliatory strike on Israel, oil prices spiked, but slightly backtracked in the aftermath of Tehran's attack. On Monday, Brent retreated 0.9%, while West Texas Intermediate (WTI) was down 0.8%.

 

Energy prices, particularly the cost of electricity, have skyrocketed under Democrat Bidenomics. It outpaced inflation.

BIDENOMICS

Since January 2021, electricity prices have soared 29.4%. That is 50% more than overall inflation, which is awful as well.  It is rising 13 times faster than the previous seven years, according to a Wall Street Journal analysis of Bureau of Labor Statistics data.

The press office for the Zaporozhye Nuclear Power Plant (NPP) reported that the facility is preparing to switch its 4th power unit into cold shutdown.