After killing US oil production, Joe Biden is running out of options. If the President doesn’t increase the amount of oil in production, prices are going to go above the highs we saw during the summer of 2022.
Officials at the White House thought that releasing the United STates’ strategic oil reserves would satisfy the spike however, it has done little to bring the price down.
After OPEC announced they are going to cut production – after promising Joe they wouldn’t – Biden (hysterically) said that he would work would congress to limit OPEC’s grip on oil prices.
Does anybody else remember when just a couple of years ago we didn’t worry about foreign oil producers because we made enough to support ourselves?
Part of the problem is that Joe has Brian Deese running his strategy. This is the same guy that said if you take out the price of meat grocery prices aren’t that high.
From the Dailymail:
President Joe Biden will order more oil released from the Strategic Petroleum Reserve as gas prices are on the rise and OPEC announced it was making its biggest cuts in production in more than two years.
Biden will release another 10 million barrels this month and he will ‘continue to direct SPR releases as appropriate to protect American consumers and promote energy security,’ White House National Security Adviser Jake Sullivan and economic adviser Brian Deese said in a joint statement.
US oil and gas producers are mocking Joe Biden.
Also, from the Dailymail:
The US fossil fuel industry had harsh words for President Joe Biden after OPEC announced dramatic production cuts, saying that the administration now has no choice but to encourage more domestic output.
“The White House has one option left and it is the one option they should have never turned away from in the first place – the US-based oil and gas industry,” tweeted the US Oil and Gas Association on Wednesday.
“Life comes at you pretty fast….” the trade group added in a mocking jibe, following OPEC’s announcement that it will slash oil production by about 2 million barrels per day, constraining supply at a time when gas prices are already painfully high.
But Joe is not going to US domestic oil producers, he begging fascist dictators.
WSJ in March: Venezuelan production is just a fraction compared to the 90’s
WSJ today: U.S. easing Venezuela sanctions in exchange for oil pic.twitter.com/d0mbDMLjRH
— John Hasson (@SonofHas) October 5, 2022
