Biden Makes a Secret Plea to Oil Companies as Gas Prices Soar to $5 a Gallon
The prices have been the highest since 2014
© press
It is no surprise gas prices are soaring under Joe Biden after his attack on oil production companies since becoming president.
The White House is now sucking up to domestic producers in a desperate move to increase supply.
Meanwhile, gas prices have soared to $5 per gallon in locations like Miami and New York City.
The prices have been the highest since 2014.
The national average price for a gallon of regular gas is $3.29, up from $2.18 in 2020, according to AAA.
The bad decision made by Biden has helped push up the price of crude.
© press
Biden's first executive orders, which included canceling the Keystone XL pipeline and halting oil exploration on federal lands, crushed Trump's energy independence.
In July, Secretary of the Interior Deb Haaland issued an order ceasing all oil exploration activities in the Arctic National Wildlife Preserve.
Biden's actions signal to the oil market that the U.S will deliver less in the months and years ahead.
The 7-year high in gas prices under Joe Biden makes consumers "want to cry," ABC Miami reports. pic.twitter.com/3ClvYRxNbY
— RNC Research (@RNCResearch) October 12, 2021
“Crude oil prices have doubled since November to $83 per barrel, and petro-states want to maintain higher prices to fund their governments,” The Wall Street Journal editorial board noted.
“But U.S. producers have also been slower to revive output as the Administration is threatening the oil and gas industry with a panoply of taxes and regulation. Producers aren’t going to drill more wells today, even at today’s higher prices, if they don’t think they will produce future profits.”
© press
“Biden’s national security adviser, Jake Sullivan, met in Saudi Arabia with Saudi Crown Prince Mohammed bin Salman,” Reuters reported late last month, and Sullivan raised the issue of rising oil prices.
Reuters reported
“The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter."
In August, Biden has now begged Russia and Saudi Arabia for help fighting rising gas prices.
Biden called on a Russian-led conglomerate of 23 oil-producing countries to increase oil production to combat rising fuel prices.
