Sunday, November 07, 2021

Biden Administration Flailing Around As Fuel Prices Increase

The Biden Administration is finally noticing that gas and fuel prices are rising, and likely their latest election drubbing is reminding them that November 2022 is less than 365 days away and their policies have consequences.

But not to worry, one of Biden's most inept cabinet members is on it.

The Detroit News: Granholm says Biden administration eyeing oil reserve to lower gas prices

Not one word about reopening the Keystone pipeline.  Not one word about reversing the shutdown of  all those oil and gas leases he cancelled upon taking office.  Not one word on getting out of the way so we can boost domestic production and thereby increase supply and have leverage for reducing prices.

Instead they're now talking of a temporary fix of selling oil from the strategic reserve and begging OPEC to produce more.

OPEC and its allies last week rejected Biden’s request for a large production increase and stuck to a plan for gradual monthly output increases of 400,000 barrels a day.

“OPEC is unfortunately controlling the agenda with respect to oil prices,” Granholm told CNN.

The Biden administration can only blame itself for OPEC now controlling the agenda. 

This is especially due to the Administration's outlook that it's "hillarious" to try and increase domestic petroleum production. Under Trump we had energy independence - Biden reversed that.


So this Administration not believing in the law of supply and demand is now stuck to begging hat in hand to OPEC to increase production without any leverage.


ccm2361 said...

Yep, Elections have consequences. Very bad ones in this case

Nuke Road Warrior said...

"What do you want me to do, wave a magic wand?" --Secratery Granholm

MrGarabaldi said...

Hey Aaron,

But hey "no mean tweets"

Seriously, they want to sell off the Strategic reserve for political points before the mid term elections?....Really? The strategic reserve is there for a case of a national emergency....not to save the presidents party in the next election after so many incompetent and bone headed moves, they are trying for the quick fix. Jeez the incompetence...I should be used to this from the Xiden administration....I think it is a feature not a bug.