It looks like the Biden administration has quit pretending about their energy policy. Joe Biden’s Commence Secretary Gina Raimondo and Treasury Secretary Janet Yellen both threw in the towel on gas prices today saying, “there isn’t very much more to be done.”

The high gas prices are an intended feature of the climate change ideologues controlling U.S. energy policy. WATCH (44 secs):

Janet Yellen soundbite below.

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I found this 8-minute video to be quite interesting.  As we consider the scale of food price increase in the United States, this video of a Russian supermarket yesterday is fascinating.

Considering the sanctions levied upon Russia by the western alliance, it would appear that they are coping quite nicely.  The guy who uploaded the video shares, “I took my camera with me on a quick Beer run to give you folks an idea of what a small local supermarket in a village South of Saint Petersburg, Russia looks like. How do the prices compare to where you live?”  WATCH:

https://youtu.be/6bq8MfAlNPY

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This is the kind of real information the U.S. media would never mention.

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The American public’s opinion of Joe Biden is worse than any former occupant of the oval office. Biden is in a competition with Jimmy Carter for the worst economic policy in our nation’s history. With polling that low, he cannot weigh in on anything of importance – especially gun control legislation.

It appears the White House has chosen to use Hollywood actor Matthew McConaughey as the point person for new legislation in the aftermath of the Uvalde school shooting. McConaughey is a native of Uvalde and delivered an impassioned speech earlier today from the White House. WATCH:

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The basic framework of new legislation looks like a raising of the age from 18 to 21 to purchase an AR-style rifle, increased investment in mental health, and federal “red flag” laws.  Of the proposals the “red flag” laws are the most problematic.

We have seen how ideologues in social media operate.  It is not a stretch to predict in today’s DOJ, they would accept a “red flag” list of Trump supporters from a social media site moderator and send out the ATF swat team.  However, well intentioned he might be, Mr. McConoughey is wrong on the red flag component.

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[Hat Tip Gateway Pundit for capturing the interview] Earlier this evening Tucker Carlson used his opening monologue to highlight recent examples of the two-tiered justice system within Washington DC. {Direct Rumble Link}

At the conclusion of the monologue, Carlson interviews former Senior President Trump economic and trade advisor Peter Navarro.  Mr. Navarro explains more details about the background of his contact with the J6 committee and the DOJ/FBI.  WATCH:

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The CCTV video of this attack is almost too much to watch.  {Direct Rumble Link)

A 17-year-old repeat offender pleaded guilty to two felony charges of assault by means of force likely to produce great bodily injury and one felony count of hit-and-run.  However, in a stunning sentence, Los Angeles DA George Gascon make the unilateral decision to send the guy to 5 to 7 months in a diversionary probation camp. [Fox News Link] WATCH:

The young mom named as Rachel is furious at the wrist slap. Incredibly the young lady and her baby were not seriously injured.  “I thought those were the last moments of our lives; we were dead,” the mother, who asked to be identified only as Rachel, wrote in a victim’s impact statement. “That feeling, along with the memory of a car accelerating directly into us, will haunt me forever.”

[…] “As the car approached me and my child, I stopped walking and moved the stroller and myself up against a building on the right side of the road to ensure that we gave the reckless driver plenty of room to pass,” Rachel said. “As the car got dangerously close to us, [the juvenile suspect] turned the wheels in our direction and accelerated as he aimed to kill us.”

Rachel blasted Gascon for what she feels is an extremely light sentence.

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Surprisingly this NBC report admits the obvious.  The national price of a gallon of unleaded regular gasoline is projected to hit $6.00/gal by Labor Day.  Some states like California are already exceeding that amount, with reports that some CA gas stations are near $10/gal.  WATCH (1:08 sec):

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Earlier today, Joe Biden, working toward the agenda of Elizabeth Warren, Bernie Sanders, Wall Street multinationals, and the radical climate change activists within the far left of the socialist democrat party, declared a national emergency around the issue of U.S. energy prices and policies. [SEE HERE]

On the front side of the justification, the people in control of the Biden administration, claim that current and future increases in energy prices are likely to do severe damage to the economy and the lives of all Americans.  However, in the background of the issue, this is the ‘never let a crisis go to waste’ phase of an energy crisis the administration has intentionally created.

The real goal is to fundamentally transform the foundation of the U.S. economy away from fossil fuels and into a new era of clean renewable energy. This is what all of the Biden cabinet officers now refer to as the “economic transition” phase.

Joe Biden’s executive announcement today is the triggering of increased federal government control over the United States energy system.

Ideological government intervention, completely disconnected from the free market, is facilitated by the declaration of a federal national emergency:

[WHITE HOUSE] – Today, President Biden is authorizing the use of the Defense Production Act (DPA) to accelerate domestic production of clean energy technologies – unlocking new powers to meet this moment. Specifically, the President is authorizing the Department of Energy to use the DPA to rapidly expand American manufacturing of five critical clean energy technologies:

• • Solar panel parts like photovoltaic modules and module components;
  • Building insulation;
  • Heat pumps, which heat and cool buildings super efficiently;
  • Equipment for making and using clean electricity-generated fuels, including electrolyzers, fuel cells, and related platinum group metals; and
  • Critical power grid infrastructure like transformers.

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Within the same 30-day cycle Joe Biden asked Venezuela to produce and deliver more oil in order to help him politically.  The Venezuelan government, having been the subject of an attempted coup and sanctions driven by the DC interventionist mindset, refused to assist.  Joe Biden then refused to invite Venezuela to his Latin-America summit scheduled for this week.

Latin-America leaders are not stupid.  It doesn’t matter whether the self-interested bully comes from the east or the west, they are not blind to the parasitic self-interest contained within the blackmail of any larger nations on the geopolitical stage; especially as the cleaving of the west and east is taking place with increased ferocity.

Today Mexican President Andres Manuel Lopez-Obrador announced he will not attend Joe Biden’s Latin-America summit.

AMLO joins the leaders of Bolivia, Guatemala, Honduras and the tiny Caribbean state of St. Vincent in refusing to attend the summit because Cuba, Venezuela and Nicaragua were blocked from attending by the Biden administration.

(Via Wall Street Journal) – […] After weeks of wrangling over the issue amid threats of country boycotts, the administration excluded the three autocracies due to U.S. concerns over human rights and lack of democratic institutions in those countries, the officials said. The regional summit, scheduled for June 6-10 in Los Angeles, is expected to focus on migration and economic issues.

“I’m not going because not all the countries of America are invited,” said Mexican President Andrés Manuel López Obrador Monday at his daily press conference. The Mexican leader said he had a good relationship with Mr. Biden and that he planned to visit the White House in July.

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In a letter filed with the SEC [SEE HERE], Tesla CEO Elon Musk is threatening to walk away from the agreement to purchase the social media platform Twitter, if the company does not provide transparency on their internal analysis surrounding fake Twitter accounts.

The letter was sent to Twitter and filed with the SEC after Twitter seemingly refused to provide details about how they can verify the accurate number of active user accounts. There is a strong possibility the purchase is now less likely.  The full transcript of the letter is below:

[SEC Filing] – Dear Ms. Gadde: We are in receipt of correspondence sent on Twitter’s behalf dated June 1, 2022, responding to Mr. Musk’s request for the data and information described in my letters dated May 25, 2022 and May 31, 2022.

Mr. Musk does not agree with the characterizations in Twitter’s June 1 letter. Twitter has, in fact, refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022 to facilitate his evaluation of spam and fake accounts on the company’s platform.

Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr. Musk’s data requests. Twitter’s effort to characterize it otherwise is merely an attempt to obfuscate and confuse the issue. Mr. Musk has made it clear that he does not believe the company’s lax testing methodologies are adequate so he must conduct his own analysis. The data he has requested is necessary to do so.

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Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply.  The previous amount of 10% (summer blend) was raised to a year-round 15% (waiver) by the Environmental Protection Agency (EPA).  This is likely to lead to two sets of bigger issues, less food and higher gas prices.

♦ First issue. – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year.  Approximately 40 percent of corn grown in the U.S. is used for ethanol.  Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn).  With farming costs and outputs already under pressure this could be problematic.

♦ Second issue – The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases.  This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process.  They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.

The RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place.   However, now that summer biofuel requirements for blended gasoline have gone from 10% to 15%, the price of the RIN credits will likely jump.  This will cost refineries billions in additional expenses,…. which will mean the cost of the gasoline from the refineries will increase,….. which will mean the cost of the gasoline at the pump will go higher.

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