President Biden has spent the majority of his presidency attacking America’s domestic oil and gas industries – and now sources claim the White House is “panicking” that fuel prices may run wild, and there’s nothing they can do to stop it.
CNN Senior National Security Correspondent Alex Marquardt reported the White House is extremely on edge over the prospect that OPEC, a group of foreign countries responsible for producing the majority of the world’s oil, are planning to do a major production cut.
According to Marquardt the administration is supposedly engaged in a “furious, last-ditch, wide-scale effort” to lobby the foreign nations not to cut production, even after forcing American producers to shut down or at least slow down production.
Marquardt said that, according to an insider, “the White House, in fact, is panicking, that this is something that they desperately do not want to happen. Cutting oil production means higher oil prices, it means higher gas prices. That, of course, is something that the Biden administration does not want to happen right now.”
“So, tomorrow, there’s this meeting of the oil-producing countries, this cartel known as OPEC. It is ostensibly led by Saudi Arabia. Russia is also a member. The United States is not a member. And what we have learned, myself and our colleagues Natasha Bertrand and Phil Mattingly, is that there is this furious, last-ditch, wide-scale effort to lobby the OPEC-plus oil-producing countries to not cut oil production, that senior members of the Biden administration are reaching out to members of the cartel, including Saudi Arabia, Kuwait, and the United Arab Emirates”
OPEC announced it is cutting production by 2 million barrels per day, which is the biggest drop in production since the beginning of the pandemic.
This price rise comes at the worst time for Democrats as the midterms elections are less than 30 days away at this point. Gas prices will most likely be above their spring records, before Biden artificially cut the price of gas by using up our strategic oil reserves.
The CNN correspondent then goes on to note how supposedly ‘widespread’ the Biden admin’s efforts to stop the cuts are, claiming they have enlisted a number of individuals including Treasury Secretary Janet Yellen.
Biden temporarily tricked people into thinking gas prices were done rising trough his foolish decision to drain America’s strategic oil reserves, a strictly political move which was done to give the Democrats a fighting chance heading into midterms.
What’s worse is that while using our strategic oil reserves, the Biden administration has done nothing to mitigate the factors causing the surge in gas prices.
Senator Bill Hagerty (R-TN) told Fox News Business that the Biden administration “got played.” Hagerty illustrated how stupid this administration is when it comes to foreign policy in regards to oil and energy production.
Gas prices have already begun rapidly rising again in some areas, with deep blue cities leading the way per usual.
Los Angeles County gas prices just peaked at a record high of $6.466, breaking the previous high of $6.462 set during the price surge in spring.
The average price has risen 31 consecutive days, increasing $1.22 in that span as California’s horrendous energy policies continue to make life impossible for regular Americans, policies which Democrats are hoping to unleash across the entire country.