Joe Biden never makes the same mistake dozens of times. After the 23rd time, he finds new ones to make. He recently asked Russia and Saudi Arabia as well as the rest of OPEC to increase production in order to lower the high price of gasoline Biden is responsible.
He cancelled the Keystone Pipeline and cut back production in the United States by halting oil leases. But he okayed Russia’s Nord Strem 2 Pipeline and urged other countries to pump more oil.
Can anyone name one thing that Biden has done to benefit Americans other than things that started under President Trump? Trump took us to energy independence for the first time ever and Biden has made us dependent on countries that hate us. Those countries, he has helped.
Russia won’t pump more because it would lower the price of its oil. Saudi Arabia has always agreed to increase production for the US, but that was before Biden was in bed with Iran.
A senior White House official, who asked not to be identified told CNBC:
“The president recognizes that gas prices can put a pinch on the family budget. He’d like his administration to use whatever tools that it has to help address the cost of gas, to help bring those prices down.”
That official did not wish to be named because that is utter BS. Biden is the one who drove up the price of gasoline by more than a dollar a gallon in just seven months. If he reopened our own drilling, we would not need anyone else’s. But, his bosses would never allow him to do that.
OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.
The price of international benchmark Brent crude has risen 35% this year towards $70 a barrel, driven by economic recovery from the pandemic and supply restraint by the Organization of the Petroleum Exporting Countries and its partners in the alliance known as OPEC+.
One of the four sources, speaking on condition of anonymity, told Reuters there was no need to release extra oil more quickly, while another said there was no concern that the planned schedule of increases would leave any demand unmet.
Two other OPEC+ sources said the latest data from OPEC and from the West’s energy watchdog – the International Energy Agency (IEA) – also indicated there was no need for extra oil.