You are currently viewing Dear Joe Biden, stop sounding like AOC if you want to solve the oil crisis

Dear Joe Biden, stop sounding like AOC if you want to solve the oil crisis

This post was originally published on this site

Share This Page

President Joe Biden wants you to think he has a plan to lower prices at the pump: flood the market with 1 million barrels a day for 180 days from the strategic oil reserve

There is just one problem: We’ve seen this dog-and-pony show before — and it failed, twice since November alone. 

So much for that “wartime bridge” Biden reassuringly promised in his Thursday speech. One million barrels a day isn’t that impressive when you realize the United States consumes 21 million barrels daily.

What’s worse, Biden doesn’t seem to have any clue on how to solve the energy crisis he created in the first place. 

And no, it’s not “Putin’s price hike” thanks to the war in Ukraine the president needs “to protect” us from. It’s Biden’s stupidity that is the problem. 

Let’s take a trip down memory lane. When Biden strutted into the Oval Office in January 2021, the nation was essentially energy-independent. During the height of the oil boom years of the Trump administration, America was pumping an astounding 13.6 million barrels per day. 

How the United States achieved that was simple but years in the making. Team Trump removed the vast number of insane regulations that hampered our oil and natural-gas industry during the Obama-Biden years. President Donald Trump created an environment whereby energy companies knew that spending the billions of dollars needed to invest in increased production would not be wasting money. 

The results spoke for themselves. Gas prices were down to $1.89 for regular as a national average at one point. There were no worries about shortages, price problems or any other issues. Just pure abundance. 

Oil peaked at $130 a barrel this month. Reuters / Adrees Latif Many believe President Biden is afraid to rub the left and Rep. Alexandria Ocasio-Cortez the wrong way. EPA

In fact, crude was $40 a barrel the day Joe Biden won the election. This month, oil peaked at $130 a barrel. 

And to make matters worse, we pump around 11 million barrels per day right now and have no real path to get back to

Subscribe By Email To Whichever Category You Wish

Or Browse Online By Following The Links Below...

..... (Read more by following the post link below)

Also See...