Biden: "You Will Walk and You Will Like It"

Yesterday we mentioned that the price of West Texas Intermediate (WTI) crude popped upward, along with the Dow Jones Commodity Index/Crude.

Maybe somebody knew something.....

The Biden administration announced on Wednesday that it would cancel seven oil and gas leases in Alaska that were issued during the Trump administration.

The leases canceled by the Department of the Interior cover 365,000 acres in the Arctic National Wildlife Refuge and National Petroleum Reserve in Alaska (NPR-A)....

The extremist Interior Secretary states that this is a 'nature preservation' effort.  Because everyone wants to camp out in the Arctic Circle, ya'know.

Biden tells a different story:

... "As the climate crisis warms the Arctic more than twice as fast as the rest of the world, we have a responsibility to protect this treasured region for all ages," President Biden said in a statement....

Then some yadayada about indigenous wisdom and preservation, blahblah bullshit.

Enjoy walking.  You'll be doing a lot of it.