The president and CEO of the American Petroleum Institute says that Biden policies are a key factor in rising gas prices.
Biden made it a key action to reduce the production of oil and gas in the United States when he took office. Mike Sommers said this is certainly one of the factors.
Context: Over the last year energy prices are up by over 30% and Joe Biden has openly begged OPEC countries to increase their oil and gas production.
Fox News reports that some of Biden’s moves in hindering production include, cutting off the Keystone XL Pipeline, cutting leases and permits on federal lands, and ending access to the Arctic National Wildlife Refuge in Alaska.
The concern is growing for rising prices as Americans enter the winter months and face heating bills.
Why this is important: Energy Secretary Jennifer Granholm has said that the President is on the situation and is using all of the tools at his disposal. So far, that has only included begging OPEC to increase production.
Currently, there are no overt plans for the Biden administration to increase oil and gas production in the United States.
The dependence on foreign oil decreased over the last decade, and now the Biden admin is begging foreign countries for oil.
What they are saying:
Even NBC can’t ignore these staggering numbers! pic.twitter.com/BtgbxHBsNt
— Speaker Mike Johnson (@SpeakerJohnson) October 31, 2021
FYI. Gas prices today here in Washington DC. pic.twitter.com/cF4W2xWZvb
— Wolf Blitzer (@wolfblitzer) November 9, 2021
The main reason gas prices are so high is because Saudi Arabia is withholding oil production, which Biden suggested is retaliation for his refusal to meet with crown prince MBS.
— Ken Klippenstein (@kenklippenstein) November 11, 2021
A senior senate aide I spoke to compared it to “economic sanctions”https://t.co/vUUjaikPbc
One year ago, gas was $2.20 per gallon.
— Senator Ted Cruz (@SenTedCruz) November 8, 2021
Under President Biden the national average is now $3.43 per gallon.
Gas prices are skyrocketing and now the Biden admin’s response is “we certainly hope” gas prices won’t hit $4 a gallon. That response is not going to cut it.
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