Fox Business host and former Trump administration adviser Larry Kudlow hammered Democratic Sen. Maggie Hassan Wednesday over her call to tap into the Northeast Home Heating Oil Reserve to lower soaring energy prices as winter looms.
“Up in New Hampshire, for example, this is so important, electricity rates are soaring, blackouts are threatening, natural gas and home heating oil is short. So what is Democrat Sen. Maggie Hassan’s solution?” Kudlow asked. “Sell more out of Strategic Petroleum Reserve. Also, use the home heating reserve. That’s the wrong answer, that’s a Biden answer. People don’t believe in Biden answers anymore.
“He [Biden] is incapable of telling the truth about the economy or the energy situation,” Kudlow added.
Hassan called on the Biden administration to release oil from the Northeast Home Heating Oil Reserve in September with 11 other Senators from New England in order to address surging energy prices. In New Hampshire, home heating oil averages $5.728 a gallon, according to the Energy Information Administration.
The New Hampshire Democrat faces Republican Don Bolduc in the Nov. 8 election. An AmericanGreatness/InsiderAdvantage poll showed Hassan with a less than 1% lead, while the Democrat had a 3% lead in a WHDH-TV/Emerson poll, in a race the Cook Political Report rates as “lean D.”
President Joe Biden blamed Russian President Vladimir Putin and oil companies at various times for high energy prices, but experts have said Biden’s hostility to fossil fuel production fueled the increase in prices.
The Biden administration has widely promoted green energy projects, including celebrating the conversion of fossil fuel plants to renewable energy resources in New England, despite the fact that the region’s grid already struggles during winters.
Heating oil providers in New York and states in New England have already begun rationing home heating oil as winter approaches, Bloomberg reported Friday.
“How is it that the entire Democratic Party, really, it seems like the entire Democratic Party will not recognize the power, the efficiency, and the importance of the American oil and gas business?” Kudlow asked. “It is like the progressives are suffering from this thick blanket of amnesia that we have a fossil fuel industry at all. That the industry is capable of solving problems, like high prices or fuel shortages.”
“It employs 11 million people. It impacts literally hundreds and hundreds of everyday necessities in our lives. It may be the single most important, urgent answer to the crisis of stagflation,” Kudlow said.
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