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September 13, 2023 | What is Biden Doing in Alaska?

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

For the first time in US history, the president did not visit a 9/11 memorial on the day of the worst terrorist attack on US soil. Instead, the president traveled to Alaska to commit his own attack against the American people. Peter Doocy said that he received a response similar to “Well, presidents stopped visiting Hawaii 22 years after Pearl Harbor,” or in other words, the president does not feel obligated to honor the victims of the attack since it’s in the past. He claimed he was at ground zero on the very day of the attack, but records show that he clearly was not in New York. So why did Biden travel to Alaska? Biden announced he was canceling all drilling on Federal land in Alaska and termination existing permits. In unison, he prohibited liquid gas from being transported via train. This will put a strain on the supply chain as trucking is the only viable transportation method now.

Demand will outweigh supply. Joe Biden drained America’s oil reserves when prices where skyrocketing and he was coming under pressure. The stockpile is at the lowest level since the 1980s, and since we cannot drill our own gas, we are at the mercy of our suppliers who continue to raise the price. Energy had never been an issue prior to Biden taking office and eliminating America’s energy independence.

Is it even legal for the Biden Administration to cancel previously issues leases? Alaskan Governor Mike Dunleavy believes that Biden is bypassing the law and intends to sue his administration. Dunleavy noted that while the Secretary of the Department may cancel oil and gas leases issued in violation, no such violation exists. “The leases AIDEA hold in ANWR were legally issued in a sale mandated by Congress. It’s clear that President Biden needs a refresher on the Constitution’s separation of powers doctrine. Federal agencies don’t get to rewrite laws, and that is exactly what the Department of the Interior is trying to do here,” said Governor Mike Dunleavy. “We will fight for Alaska’s right to develop its own resources and will be turning to the courts to correct the Biden Administration’s wrong.”

Democrats are upset at the ruling as it takes away jobs from native Alaskans. U.S. Rep. Mary Peltola, a Democrat, said that she will continue fighting the lease cancelations. “This makes absolutely no sense from any perspective unless your goal is to drive up the cost of oil and gas so much that it makes certain renewables cheaper,” Dunleavy told Fox News.

Biden has just ensured rising energy costs for all Americans. This is so important to Biden and his handlers that they insisted on spending a national day of mourning in Alaska to reframe climate change as the larger threat to this nation. What does one do when the people in charge are deliberately ruining the nation? They can only blame Russia and climate change for so long until the masses wake up.

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September 13th, 2023

Posted In: Armstrong Economics

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