Share
Commentary

In Desperate and Incompetent Move, Biden Slaps 'Ineffectual Band Aid' on Oil Crisis

Share

The Biden administration is pushing the energy red button in a desperate attempt to lower gas prices, and experts are concerned about the consequences.

Fifty million barrels of oil will be released from the United States Strategic Petroleum Reserve, which would in essence increase supply and presumably lower prices — at least, according to the White House.

Eighteen million of those barrels were already bought by Congress, and 32 million are intended to be returned in the coming years, according to Fox Business.

The reserve, which is comprised of four sites along the Gulf of Mexico, is intended for emergencies and gas shortages, meaning situations only where it would be difficult to have access to gasoline.

Right now, the issue has little to do with access and everything to do with pricing.

Trending:
Photo: Here's the Creepy Ghislaine Maxwell Moment Court Illustrator Caught - It Will Haunt You

The U.S. Chamber of Commerce’s Global Energy Institute Senior Vice President Christopher Guith slammed the administration’s choice to tap into the reserves and blamed poor policy for high prices at the pump.

“America’s real strategic petroleum reserve is in places like the Permian Basin and the Gulf of Mexico. The Department of Energy’s reserve should only be used for supply disruptions,” he said in a statement.

“Instead of ineffectual band aids, the White House should focus on policies that will encourage domestic production of oil and natural gas. Rather, all the Administration has done is threaten energy production on federal lands, cancel pipelines and beg Saudi Arabia and Russia for more oil.”

However, the White House insists that this was the right decision.

Should the United States tap into the oil reserve?

“The President stands ready to take additional action, if needed, and is prepared to use his full authorities working in coordination with the rest of the world to maintain adequate supply as we exit the pandemic,” the White House said in a statement.

President Joe Biden himself argued that his environmental efforts had nothing to do with the current energy problems.

“My effort to combat climate change is not raising the price of gas,” Biden said Tuesday.

Related:
Watch: Trump Tears Into Biden: 'Totally Unsuccessful,' 'Disaster'

The national average price for a gallon of gas is a whopping $3.40 as of Tuesday, according to AAA, and Americans are feeling the pain in their wallets.

While this move will hinder the nation’s emergency stockpile of oil, the reality of the situation is that Americans probably will not notice much of a difference.

Biden’s team is now getting desperate to fix the situation they instigated by halting federal oil and gas leases on day one, and not putting nearly enough pressure on the Organization of the Petroleum Exporting Countries to pump more oil in the Middle East.

Prices have been climbing higher across the board, with U.S. consumer prices increasing 6.2 percent over the past year, according to PBS.

48.3 million Americans are planning on traveling via automobile this Thanksgiving, according to AAA, and many of those folks will feel the financial burden of just wanting to see their loved ones.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
, , , , , , , ,
Share
Cameron Arcand is a political commentator based in Phoenix, Arizona. His "Young Not Stupid" column launched at The Western Journal in January 2021, making Cameron one of the youngest columnists for a national news outlet in the United States. He has appeared on One America News and Fox 5 DC. Since 2019, he has been a Young America's Foundation member.
Cameron Arcand is a political commentator based in Phoenix, Arizona. In 2017 as a school project, he founded YoungNotStupid.com, which has grown exponentially since its founding. He has interviewed several notable conservative figures, including Dave Rubin, Peggy Grande and Madison Cawthorn.

In September 2020, Cameron joined The Western Journal as a Commentary Writer, where he has written articles on topics ranging from the COVID-19 pandemic, the "Recall Gavin Newsom" effort and the 2020 election aftermath. The "Young Not Stupid" column launched at The Western Journal in January 2021, making Cameron one of the youngest columnists for a national news outlet in the United States. He has appeared on One America News and Fox 5 DC. He has been a Young America's Foundation member since 2019.
Location
Phoenix
Languages Spoken
English




Conversation

The Western Journal is pleased to bring back comments to our articles! Due to threatened de-monetization by Big Tech, we had temporarily removed comments, but we have now implemented a solution to bring back the conversation that Big Tech doesn't want you to have. If you have any problems using the new commenting platform, please contact customer support at commenting-help@insticator.com. Welcome back!