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Biden Won’t Take Responsibility…

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(FreedomWire.org) – The White House often describes higher prices at the pump as “Putin’s price hike,” but prices were going up steadily after President Joe Biden took office. The price already increased by 55%, rising from a U.S. average of $2.11 when Biden took office to $3.51 the day before Russian President Vladimir Putin decided to invade Ukraine, according to Forbes.

“The ‘Putin’s price hike’ is laughable – and you can tell because no matter how hard they try to advance this particular little bit of propaganda absolutely nobody but White House spokespeople use the word,” John Cochrane, a Hoover Institution senior fellow stated.

“The administration wants to blame anybody but itself for the challenges of the American economy. “Putin’s price hike” is a good talking point because there’s a sliver of truth in it,” said, The President of the American Institute for Economic Research, William Ruger.

The current U.S. average price of gas sits at $4.59 per gallon and prices in California have reached as high as $7.25 per gallon.

“Inflation is the problem. We have more money essentially chasing the same number of goods,” Ruger said. He added that demand bouncing back from the COVID-19 pandemic and a lack of supply to meet the increased demand is the other main factor.

Biden waged an “all-fronts war on oil and gas,” and “virtually every step” his administration took “was the opposite of what needed to be done,” said David Kreutzer, Institute for Energy Research senior economist.

“At least early on in the price run-up, drilling activity was comparatively muted. Cancelled leases, cancelled pipelines, proposed regulations to penalize lenders that financed fossil-energy businesses all dampened production responses that would be putting oil and gas on the market today,” Kreutzer said.

Biden stymied future production of gasoline by canceling the Keystone XL oil pipeline, halting the sales of a drilling area in Alaska and two in the Gulf of Mexico, and banning new oil and gas leasing on public lands.

“This is becoming a pattern – the administration talks about the need for more supply and acts to restrict it,” Frank Macchiarola, the American Petroleum Institute’s senior vice president of policy, economics and regulatory affairs, said in a statement following the administration’s May 11 decision to cancel three offshore lease sales.

Energy Secretary Jennifer Granholm said President Joe Biden is “obsessed” with the issue of high gasoline prices, but said he has limited power to lower prices.

Granholm’s remarks Tuesday came following a tour of a federal Strategic Petroleum Reserve (SPR) facility in Bayou Choctaw, Louisiana. While she suggested he has limited power over pump prices, Biden has ordered three separate SPR releases as pump prices have surged over the last six months, the latest of which he promised would lower prices by up to 35 cents a gallon.

Samantha is a proud patriot living in central Pennsylvania. She is a mother of three, a lifelong Christian, and the wife of a soldier who is currently defending our country from evil.

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