Biden Blames Russia, Saudi Arabia for Oil Shortage after Restricting U.S Production
Gas prices soar after Biden's cuts energy independence
Joe Biden is attempting to lay the blame on Russia and Saudi Arabia for not producing enough oil to stem the exploding gas prices in the United States, despite his own previous efforts to reduce domestic production.
During a press conference after the G20 Summit in Europe, Biden stated:
“I do think the idea that Russia and Saudi Arabia, and other major producers are not going to pump more oil so people can have gasoline to get to and from work, for example, is not right."
Biden called on energy-producing countries to increase oil production to pressure OPEC+ nations to increase supply.
The irony of Biden's calls to oil-producing nations to produce more oil at the climate change summit was something he even acknowledged.
“The idea that we’re going to be able to move to renewable energy overnight, and from this moment on not use oil, not use gas, not use hydrogen, is just not rational,” Biden said.
Biden said gas prices of over $3.35 a gallon were almost a tax on American workers.
According to AAA, the national average price for a gallon of regular gas is $3.29, up from $2.18 in 2020.
This time last year, when Trump was in office, the average price was $2.237.
This means the gas prices have already risen 28.7 percent since March 2020.
Biden's first executive orders, which included canceling the Keystone XL pipeline and halting oil exploration on federal lands, crushed Trump's energy independence.
Earlier this year, Trump warned the Biden agenda was bad for the economy.
“We were the envy of the world, and then when we got hit by the as I call it the China virus, COVID, it was, it obviously went down along with every other economy,” Trump said at the time.
"Now, when I look at what’s happening, we were energy independent. Very shortly, we will no longer be energy independent.”
“Gas prices are going up at a far more rapid rate than anybody has seen in a long time."
"We had gas prices very low, and yet we had more energy jobs than we’ve ever had."
Biden added he would do more to stop government subsidies for oil production and spend more funding on subsidies for green energy.
“We will get to the point that by 2050 we’ll have zero emissions,” he said.