If the average price of a gallon of gas falls by a penny, White House Chief of Staff Ron Klain will take to Twitter and credit the Biden administration. In the last few months, due to lower demand and other factors, consumers have experienced a reprieve from historic highs. Press secretary Karine Jean-Pierre points out this is “the fastest decline in gas prices in over a decade,” which is like bragging about losing a couple of pounds after packing on 20.
Officials haven’t had much to say lately. That trend is likely to continue. Today, the OPEC+ cartel announced it’s going to cut production by 2 million barrels a day. This, even after the Biden administration engaged in a “full-scale pressure campaign,” according to CNN, to dissuade our alleged allies in the Middle East to change their minds.
As a presidential candidate, Biden called Saudi Arabia a “pariah” state. Soon after the election, like all his predecessors, Biden traveled to the kingdom to kiss the ring. And still, he gets nothing. The oft-repeated claim that Biden is a savvy, highly respected foreign policy operator has been relentlessly debunked by reality.
Biden wagered that he could placate his left wing, curbing fossil fuel production while also holding prices in check by pressuring the Saudis and emptying the U.S. strategic reserve, now at a 40-year low. It was a bad bet.
Biden can’t control prices, but he could have mitigated the problem consumers now face had he not disincentivized domestic fossil fuel production and refinery capacity. Remember that on Biden’s first day at work, he revoked permits to build the Keystone XL, a 1,179-mile pipeline that was going to carry approximately 800,000 barrels of oil a day into the United States that was slated to be completed in a few months. Seems like the kind of infrastructure that might be quite helpful.
Days later, Biden signed a batch of executive orders halting any new oil and natural gas leases on all public lands. The administration has issued fewer oil leases than any president since the Second World War.
It’s unsurprising, considering the stated policy goal of his party has been to create fossil-fuel scarcity by “transitioning” — subsidizing, mandating and diverting capital — to unreliable and expensive “clean energy” projects. Democrats’ promises and rhetoric are also baked into the price. Even if Biden loosened regulations today, why would nefarious profit-hungry shareholders of the oil industry plow billions into long-term projects when Democrats promise to destroy their business in the not very distant future?
You can have windmills, or you can have affordable and reliable energy. You can’t have both.
Since oil is a fungible commodity, no single group or nation, leader or project is going to dictate prices. Among the entities that aren’t responsible for spiking prices is “Big Oil,” the bugaboo Biden and Democrats like to throw at the economic illiterates in times of crisis — but only when prices spike. Those poor bastards never get any credit for the years of stable, low prices.
Today, National Security Adviser Jake Sullivan had the gall to say OPEC’s cuts were “a reminder of why it is so critical that the United States reduce its reliance on foreign sources of fossil fuels.” His point, of course, is that we must speed up the approximately $30-bazillion clean-energy agenda — which, even if we embraced completely this second, would do absolutely nothing to alleviate the pain felt by 98% of people with cars and homes.
It is also true that Russia is a member of OPEC+. If we’re going to fight a proxy war against Putin in Ukraine, American leadership should have expected and planned for retaliation. Unlike Europe, North America had not yet surrendered its strategic energy advantage.
Michael McFaul says, “At this pivotal moment in history, Saudis side with Putin and against us.” But if depressing production means we’re siding with Putin, what does that say about a political party that is leading the fight to shut down pipelines, ban fracking, undercut exploration and artificially inflate the cost of reliable and affordable energy?
David Harsanyi is a senior editor at The Federalist. Harsanyi is a nationally syndicated columnist and author of five books – the most recent, “Eurotrash: Why America Must Reject the Failed Ideas of a Dying Continent.” His work has appeared in National Review, the Wall Street Journal, Washington Post, Reason, New York Post and numerous other publications. Follow him on Twitter @davidharsanyi.
This Treasonous, dishonest, destructive, Socialist Democrat Party’s objective is to deliberately lie, cheat. To disregard the U.S. Constitution and laws, in order to take total control of the American people and their illegal immigrants by their restricting U.S. citizens their constitutional rights, stopping oil production, increase Taxes and the inflation cost of everything and bring American commerce and economy to its knees and to promote Socialism, enforced by their political DOJ and police gestapo the FBI and IRS.
Then access power and retain it by any means available –
No matter the costs to the people, the government or the nation.
This treasonous, hateful, destructive, immoral, socialist Democrat Party and their corrupt, demented puppet president has become our country’s most destructive and deadliest ENEMY!
Note that the majority of the Demorats are still following their destructive piped piper.
We had the best President we could have hoped for and Biden destroyed every positive thing he accomplished. All this waste would never have happened if the real President had remained in office. Biden has literally pissed billions and billions away. He should be impeached for the destruction he has inflicted on this country.
And all the puppet masters
Assuming we can even figure out who they are.
From all these dealings, if it were not he is the President one could think he is an agent or lobbiest for a panoply of foreign governments!
I’ve always thought he was, REGARDLESS of his status as president!
Negotiating with terrorists never works out well. Anyone who trusts them will quickly find this to be true.
A really bad idea? You think. Other really bad ideas include Slo Joe, **********, cancelling the Keystone XL pipeline, halting oil and natural gas leases on public land, the ridiculous climate change agenda while he and his parade around the world in gas guzzlers, releasing oil from the Strategic Petroleum Reserve. This is a very long list. Many directly contributing to the empowerment of OPEC.What a piece of shoot he is.
I don’t see how this President can remain in office for another 2 years! Never have we ever had two more incompetent leaders in the White House. Our Forefathers would turn in their graves!