The Other McCain

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Biden Begging for Lower Fuel Prices?

Posted on | October 14, 2021 | Comments Off on Biden Begging for Lower Fuel Prices?

The man who, on his very first day in office, signed an executive order revoking the permit for the Keystone XL Pipeline, is now desperate for help to do something about rising fuel prices?

The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter.
Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel costs are expected to surge, according to the U.S. Energy Department. Oil-and-gas production remains below the nation’s peak reached in 2019.
The talks with energy companies touched on several issues, including prices, according to a third person familiar with the discussions. The administration has been in discussions with the oil industry over limiting methane emissions in recent months.
“We are closely monitoring the cost of oil and the cost of gas Americans are paying at the pump. And we are using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets,” a White House official said.
U.S. crude oil recently hit $80 a barrel for the first time in seven years, as the Organization of the Petroleum Exporting Countries and their allies known as OPEC+ restrict output. The White House has discussed rising prices with top OPEC producer Saudi Arabia in recent weeks.

Under the previous administration, the United States had not only achieved energy independence, but had become a net exporter of oil and gas. Oh, but those mean tweets! So now we’ve got feeble-minded Joe Biden in the White House, begging the Saudis for more oil?

(Hat-tip: Twitchy via Instapundit.)




 

Category: Joe Biden

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