Biden's war on US energy includes misusing Strategic Petroleum Reserve and bullying domestic producers. He makes even Carter years look good by comparison.
Frank Macchiarola, senior VP of the American Petroleum Institute, discusses Biden’s potential block on offshore drilling while home heating costs are expected to surge into the winter.If President Joe Biden was looking for a gift for former President Jimmy Carter’s 98th birthday, his mishandling of the OPEC situation sure fits the bill. For all the current administration’s shortcomings and failures, they have been remarkably effective at waging war on America’s energy producers.
With domestic supply shrinking and demand accelerating post-pandemic, prices shot up and Biden’s approval numbers tanked. A gallon of gas, which averaged $2.39 on his inauguration, rose steadily, topping out at a nightmarish $5 per gallon over the summer. Today, the national average sits at $3.89 – more than a 60% increase from where it started.
in a futile effort to convince the crown prince Mohammed bin Salman, a man he once referred to as a"pariah," to loosen supply. He eased restrictions on Venezuela, led by the brutal dictator Nicolas Maduro. His administration opened the door to buying oil from Iran. All the while, he continued vilifying American producers.
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