WRITTEN BY KEVIN A. HASSETT ON MAR 26, 2022. POSTED IN LATEST NEWS
Mission Accomplished: Price Of Oil Hits Biden’s Official Target
gas station pricesWith gasoline topping $5 per gallon in some parts of the country, and the price of oil topping $110 per barrel, President Biden and his team have bluntly stated that the high prices are Putin’s fault.
Biden went so far as to say, “It’s going up, we can’t do much now. Russia is responsible.” [bold, links added]
This stance seems a bit odd, as there are any number of things that could, in principle, be done, such as opening up leases for oil and gas exploration, accelerating the permit process for new wells, allowing pipeline construction, and so on.
This brings up the question, is it possible that Biden is doing nothing about high oil prices because he secretly likes them?
https://climatechangedispatch.com/mission-accomplished-price-of-oil-hits-bidens-official-target/
