An astute HOTLINE reader alerted us to the inconvenient fact that AFTER Biden announced that he would release 18 million barrels from the federal reserve, the spot oil prices went UP 2%.
Later in the day, Biden blamed “oil-producing countries” for not ramping up production – huh? America is the world’s #1 oil producer – although Biden is doing everything he can to knock us out of the top spot.
President Biden: "The big part of the reason Americans are facing high gas prices is because oil-producing countries and large companies have not ramped up the supply of oil quickly enough to meet the demand, and the smaller supply means higher prices globally for oil." pic.twitter.com/LRSBIRgkyX
— The Hill (@thehill) November 23, 2021
This whole discussion disguises the truth, which is that Biden and the Climate Change Crazies WANT higher oil and gas prices. This is all happening by design. If you’re objective is to stop fossil fuel consumption to zero in order to save the planet (sic), the only way you to do that is drive the price up.
Who does this guy think he’s fooling? Texas Governor Greg Abbott suggests a better plan:
To lower gas prices Biden authorizes release from US strategic oil reserve.
How'd that work out?
Gas prices went up 3% & oil went up $2 a barrel.
Liberal government mandates don't work.
Texas can produce oil to lower gas price if Biden gets out of wayhttps://t.co/vSF5DQinYt
— Greg Abbott (@GregAbbott_TX) November 23, 2021