Northeast Faces Winter Energy Crisis as Biden Promises ‘No More Drilling’

As President Joe Biden and other Democrats promise to curtail U.S. domestic oil production, the northeastern United States could face a historic energy crisis as temperatures fall this winter, burdening an energy economy already beset by record-high prices and oil shortages.

Signs of vulnerability in the Northeast have been apparent in recent months, Bloomberg reported, with retailers already rationing oil as stockpiles of diesel and heating oil are at a third of their normal levels. Those unfavorable conditions could bring about challenges to the Northeast’s energy infrastructure that would be unprecedented in most Americans’ lifetimes, according to Bloomberg:

Add some cold to the mix, and in the best-case scenario, Northeast consumers will shoulder the highest energy bills in decades this winter. The Biden administration, under pressure to tame prices ahead of the midterm elections, is considering ways to stash more diesel and gasoline in New England. In the worst-case scenario, a cluster of states with a combined economy bigger than Japan’s will run out of fuel to keep the lights on and heat homes and businesses. – READ MORE

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