Thursday, August 12, 2021

Biden Administration Turns to OPEC for Increased Oil Production After Cancelling American Pipelines

Tony Branco

 American Greatness   "On Wednesday, the Biden White House asked the Organization of the Petroleum Exporting Countries (OPEC) to increase oil production and exportation in an attempt to reduce rising gas prices in the United States, the Daily Caller reports.

"Biden’s National Security Adviser, Jake Sullivan, released a statement saying that “higher gasoline prices, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic.” . . .

Among these was the Keystone XL Pipeline, which was approved and began construction under President Donald Trump, but halted by Biden immediately after he seized power. Biden also ordered the suspension of all new oil and gas leases in the country. During the Trump presidency, the United States not only became energy independent, but also became a leading exporter of oil and other natural gasses. As a result, the nation was no longer dependent on foreign oil from the Middle East and other volatile regions, thus leading to a reduction in prices due to resource stability.

. . . 

 Joe Biden broke America's oil production — and now he does this  . . . "At The Conservative Treehouse, Sundance has a pithy summary of all the things that Biden has done to destroy America's oil and gas sector — a booming sector that was making America energy independent and lowering the price of all goods and services:

(1) Shut down oil and energy development in ANWAR {LINK} which would increase use of the Alaska pipeline. (2) Blocked the Keystone Pipeline from completion {LINK} (3) Banned energy development on federal lands {LINK}. (4) Shut down the sale of energy leases in the Gulf of Mexico {LINK}. and (5) Blocked energy development in Texas, Louisiana, New Mexico and Alabama {LINK

"Thanks to Biden's decisions, tens of thousands of workers in the energy sector are now unemployed, and fuel prices have increased by as much as 60%.". . . 

Too bad about those worker wage gains, Biden's inflation has already wolfed them down

Rising prices on everything from groceries to gasoline have eaten away the wage gains workers have seen since the start of the year, leaving most Americans earning less than they were before the pandemic began and derailing the White House's argument that paychecks have grown under President Joe Biden's tenure

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