Montana Govt’s ‘scary’ move to BED’s energy policies prompts OPEC to demand more oil

Montana Governor Greg Gianforth insulted President Biden’s energy policies and the “shocking” move, calling on the Organization of Petroleum Exporting Countries (OPEC) to produce more oil.

Gianforth argued with Fox Business ‘Varney and Company.’ Instead of relying on foreign aid, the United States can produce more oil, which will create jobs for the United States and increase national security.

Gianforth made the remarks after Biden’s management called on OPEC and its partners to increase oil production to cope with rising gas prices, which threaten global economic recovery.

National Security Adviser Jack Sullivan said in a statement: “OPEC + has recently agreed to increase production, but these increases will not fully offset OPEC’s previous reduction in production at the time of the outbreak.” This is simply not enough when it comes to critical global recovery.

The question comes at a time when the Biden administration is trying to cope with climate change and prevent in-house digging.

In a series of orders aimed at combating climate change, President Biden revoked licenses for the Kiston XL Oil Pipeline Project, which included a temporary suspension of oil and gas licenses on federal land and water.

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The Montana section of the Kentatone XL pipeline was a 285-mile long pipeline that began near the US-Canada border, according to the Pipeline website.

Gianford said the cancellation of the license for the Keiston XL oil pipeline project was “a destructive act in Montana.”

He emphasized that the “one-sided decision” had paid the state “thousands of jobs” and “hundreds of millions of dollars in taxes for our schools and local infrastructure and law enforcement.”

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According to the Keystone XL website, the project was originally planned a decade ago. By 2021, it would employ about 11,000 U.S. jobs – including 8,000 cooperatives – and earn a total of $ 1.6 billion.

“Now we see the president asking for more oil,” Gianford said. It’s really horrible and the fact is that we could have produced these fuels here by creating American jobs and increasing national security.

The Gianford Department of Labor reported that the Consumer Price Index had risen 5.4% year-on-year in July, compared to last week’s August 2008 earnings.

Prices rose 0.5% last month, down 0.9% from June. Analysts expect a 0.5% profit.

The department said the price of accommodation, food, energy and new and used vehicles increased in July. Power output increased by 1.6%, while gasoline prices increased by 2.4%.

According to the Department of Labor, gas prices have increased by 41.8% over the previous year.

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Gas prices have been rising in Pam over the past few weeks, and as of Monday, the national average has reached $ 3.19 a gallon, the most expensive gas of the year and 1.01 higher by 2020. .

On Monday, West Texas Intermediate crude oil prices fell from $ 1.99 a barrel to $ 66.45 a barrel.

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Fox Business Auri Conclin and Jonathan Garber contributed to this report.

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