Quantcast

MURDOCK: Biden Admin Has Nobody Else to Blame for Gas/Oil Fiasco

'We want them to go bankrupt, if we want to tackle climate change...'

(Deroy Murdock, Headline USA) Joe Biden is the kind of man who deliberately would steer his car into a ditch, crawl from the wreckage and then probe the ditch for criminal conduct.

Such nonsense mirrors Biden’s recent instructions to the Federal Trade Commission. Citing “mounting evidence of anti-consumer behavior by oil-and-gas companies,” Biden told the FTC to “bring all of the Commission’s tools to bear if you uncover any wrongdoing.”

Is Biden cynical enough to blame Big Oil for a national fiasco that he concocted? Or is he so touchingly self-unaware that he misses the connection between higher pump prices and his own War on Oil?

In June 2007, Biden shared with CNN anchor Wolf Blitzer his plan to cut gasoline costs: “As president of the United States, use the Justice Department to go in an investigate this whole issue of price-gouging.”

...article continued below
- Advertisement -

When Biden uttered such baseless paranoia in September, the Associated Press put him in his place. “THE FACTS: There actually is little evidence something nefarious is behind the higher gasoline prices, as Biden suggests.”

It takes profound naivete for Biden not to recognize how his and his team’s anti-oil animus has driven fuel costs skyward. In fewer than 11 months, this administration has:

Killed the Keystone XL Pipeline

Threatened to plug the Canada-to-Michigan Enbridge Line 5 pipeline

...article continued below
- Advertisement -

Halted oil leases in a sliver of Alaska’s Arctic National Wildlife Refuge

Stopped oil and gas leases on federal lands

Proposed a methane tax that could cost this industry up to $10 billion annually

Encouraged Left-wing activists to pressure financiers to defund oil companies

And how is this multi-front War on Oil working out? As predicted.

In October 2021, U.S. oil drilling had plunged 38% versus October 2019, before COVID-19 derailed the booming Trump-GOP economy.

With supply down and demand up (as COVID-related instability has eased), regular unleaded gasoline retailed on Oct. 25, 2021, for $3.38 per gallon compared to $2.59 on Oct. 28, 2019—up 30.5 percent.

On those dates, the New York Mercantile Exchange’s price for West Texas Intermediate crude was $83.94 per barrel, versus $56.65—up 48.2%. Likewise, natural gas drilling had slid 28.9%, while prices were $5.90 per million BTUs vs. $2.45—up 140.8%.

Team Biden’s sadism toward their fellow Americans exposes the thuggish side of their anti-oil fanaticism.

Given the religious fervor that informs Team Biden’s hatred of oil, their current actions are utterly incoherent.

To escape the political Hell of what they consider high-gas-price Heaven, Biden begs OPEC and the Kremlin to increase oil output. This is like the Anti-Saloon League beseeching Scotland to boost whiskey production after Prohibition shuttered U.S. distilleries.

Relying on the Middle East and Moscow for energy also undermines Biden’s own environmental objectives.

At the margin, Biden’s approach would generate more carbon dioxide. North American crude cleanly crosses U.S. territory (and, to a degree, the Canadian border) via carbon-neutral pipelines. Conversely, Arab and Russian oil must traverse oceans and approach U.S. ports on fuel-burning, emissions-generating supertankers.

Like American reserves, OPEC’s and Russia’s oil also produces CO2 when consumed, but with the added disadvantage of destroyed American jobs. By killing Keystone on his first day as president, Biden obliterated a thousand unionized positions, some 10,000 future jobs, and $2.2 billion in wages.

The president should pause his self-combusting, ecologically contradictory War on Oil long enough to isolate the root cause of high energy prices.

Hint: He’s married to Dr. Jill Biden.

Deroy Murdock is a Manhattan-based Fox News Contributor, a contributing editor with National Review Online, and a senior fellow with the London Center for Policy Research.

Copyright 2022. No part of this site may be reproduced in whole or in part in any manner without the permission of the copyright owner. To inquire about licensing content, use the contact form at https://headlineusa.com/advertising.
- Advertisement -

TRENDING NOW

Disclosures Show Fauci Had $10.4M Investments in Chinese Companies

(John Ransom, Headline USA) GOP critics are slamming Dr. Anthony Fauci for investments in Chinese companies worth nearly $100,000, including a Chinese biotech company approved...

White House Insists ‘No Red Flags’ over Texas Synagogue Terrorist

(Headline USA) The al-Qaeda-loving British national who took four Jewish people hostage at a Texas synagogue in a 10-hour standoff that ended in his...

Airlines Worldwide Rush to Change Flights over America’s 5G Problem

(Headline USA) Airlines across the world, including the long-haul carrier Emirates, rushed Wednesday to cancel or change flights heading into the U.S. over an...

Baltimore Prosecutor Marilyn Mosby Seeks Divine Help Fighting Fraud & Perjury Indictment

(Mark Pellin, Headline USA)  Fresh off an indictment for charges of perjury and mortgage fraud, Baltimore’s criminal-loving leftist states attorney Marilyn Mosby claimed she was...

Sinema, Manchin Stand Firm as Schumer Plots Votes on HR1 Power-Grab Bill

(Headline USA) The Senate prepared to launch debate Tuesday on a radical voting overhaul with attention focused intently on two pivotal Democrats---Kyrsten Sinema of Arizona...

TDS-Afflicted Opera Singer Acquited Due to Insanity in Mar-a-Lago Breach

(Headline USA) The Connecticut opera singer who drew fire from law enforcement when she sped through a checkpoint outside then-President Donald Trump's Mar-a-Lago home...

In Tiny Wyoming Town, Bill Gates Bets Big on Nuclear Power

(Headline USA) In a sleepy Wyoming town that has relied on coal for over a century, a company founded by the man who revolutionized...

COVID Deaths and Cases Are Rising Again at US Nursing Homes

(Headline USA) COVID-19 infections are soaring again at U.S. nursing homes because of the omicron wave, and deaths are climbing too, leading to new restrictions...

Hong Kong to Kill 2,000 Animals After Hamsters Get COVID-19

(Headline USA) Hong Kong authorities said Tuesday that they will kill about 2,000 small animals, including hamsters, after several tested positive for the coronavirus...
- Advertisement -