OPINION: This article contains commentary which may reflect the author's opinion
Everyone knows less supply drives up demand and therefore prices, no surprise should come to anyone cutting off any supply when prices rise.
Everyone also knows that along with expensive comes not only high prices on products made with oil but high gasoline prices.
Those high gas prices at the pump affect not only the average American daily commuting but also the transportation of people and goods throughout the country.
On Thursday, the national average price for gas passed $5 a gallon, shattering previous record prices according to fuel savings company Gasbuddy.
“It’s been one kink after another this year, and worst of all, demand doesn’t seem to be responding to the surge in gas prices, meaning there is a high probability that prices could go even higher in the weeks ahead,” Gasbuddy lead petroleum analyst Patrick De Haan said.
Americans are watching the prices climb, not just at the gas pump but at the grocery store and in all retail, as suppliers deal with the same escalating transportation cost.
The Biden Administration’s willingness to print off incredible amounts of money is creating an inflationary crisis that hasn’t helped either.
Other obvious problems include the ‘American Rescue Plan’ in which 1.9 million was distributed but did not jumpstart the economy.
According to Marc Goldwein with the Committee for a Responsible Federal Budget, a group that promotes lower deficits, ” The American Rescue Plan was far larger than the economy could support.”
But, unfortunately, Biden cares more about appeasing climate change alarmists and appearing to be concerned about the environment than saving the livelihoods of the American people.
Taking into account additional factors driving up gas prices that Biden as a candidate couldn’t account for such as the Russia/Ukraine crisis and the impact of the COVID-19 pandemic, for example, the basic economic principle can’t be ignored.
It does not take a professor of economics to see that Biden’s effort in shutting down domestic oil production has had a massive negative impact instead of correcting the situation.
In April the Independent reported that The Biden Administration reversed Trump’s rule and shut down almost half of an Alaskan site.
Closing 48% of the federally-owned national Petroleum Reserve, planned by Trump to be a site for more future drilling, meant drilling expansion was at a standstill.
In addition to jobs lost, other concerns were stated at the time.
Sen. Lisa Murkowski, R-Alaska said in a news release in January, “Sweeping restrictions like this – which are being imposed even as the Biden Administration implores OPEC+ to produce more oil – demonstrates everything that is wrong with its energy policies.”
But surely Biden didn’t plan this?
Or did he?
Recently Bernie Sanders and Lyndsay Graham debated the rising gas prices, Roll Call reported.
Sanders predictably blamed corporate greed for gas hikes, while Graham zeroed in on Biden’s energy policies.
The debate on Monday was streamed on Fox Nation and mediated by Fox host Bret Baier.
Graham said pointedly that the increased price of gas is due to Biden’s efforts to limit fossil fuels.
“The policies you [Democrats] pursued in terms of energy production has decreased production in the in the United States in a very dramatic way,” Graham said.
“You declared war on fossil fuels in the United States, and when you go to the pump, you’re a victim of that war.”
Graham also stated that becoming more energy efficient,” is no reason to destroy the fossil fuel industry in this country.”
In addition to tying the hands of the American oil industry, Biden also seems to be doing foreign oil production a favor by imploring OPEC and Russia to increase oil production.
In a seemly opposite move, Biden’s trillion-dollar infrastructure bill includes big money for new and wider highways, ignoring the fact that to use those highways fuel would have to be affordable and available.
This is making Biden unpopular not only with Republicans but with green Democrats as well.
And now, a video of Biden has been circulating recently on social media showing his lack of knowledge regarding the forces of supply and demand, Western Journal reports.
In the video — which is a clip from a March 2020 Democratic presidential primary debate between Biden and Sen. Bernie Sanders — Biden promises to drastically cut back domestic oil production.
In order to do so, Biden promised to attack the fossil fuel industry through the removal of numerous subsidies and permits.
Joe Biden in 2020: "No more subsidies for the fossil fuel industry. No more drilling including offshore. No ability for the oil industry to continue to drill period. It ends." pic.twitter.com/90MVJevPmv
— Dan O'Donnell (@DanODonnellShow) March 8, 2022
“No more subsidies for the fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill,” Biden said during the debate.
“Period. It ends.”
It seems Biden is caught with his true intentions on video.
Someone, please explain to Joe Biden the dependence on fuel that American s have in their daily lives, and how that dependence is shared by all Americans, production, commerce, military, and in fact everything.