Biden praises high gas prices as part of ‘incredible transition’
“[When] it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden said during a press conference in Japan following his meeting with Prime Minister Fumio Kishida.
Hard to keep track of this high-petrol palaver. My own meager understanding of economics suggests this much is correct: Soaring gasoline prices will push more people into electric vehicles.
Speaking of which — heads up —
CNN — Extreme temperatures and ongoing drought could cause the power grid to buckle across vast areas of the country this summer, potentially leading to electricity shortages and blackouts, a US power grid regulator said Wednesday.
So there's that.
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