Biden Admin Addresses Fuel Shortages by Banning New Oil, Gas Leases on NM Federal Land
Fuel prices are one of the causes of the Biden inflation surge that is reducing the spending power of Americans. The price of crude oil has surged 104% over the past year, and gasoline prices have increased by over 60%. This means that people are not only paying more for their personal fuel needs, but also for other items they need to buy that require energy to manufacture and/or transport—which is basically everything.
The Biden Administration has been begging OPEC+ nations to up their oil production, hoping they will increase the market supply and lower prices. But the oil-producing cartel has rebuffed their pleas, choosing instead to stick to its own schedule and delay output increases until December.
“OPEC+ seems unwilling to use the capacity and power it has now at this critical moment of global recovery for countries around the world,” stated a National Security Council spokesperson to FOX Business.
How cruel! Can you imagine having the ability to relieve the inflation and economic pain being suffered by millions of people, yet refusing to use your power to help? What heartless governing body would do such a thing?
If you guessed the Biden Administration, you win a cigar!
Fuel prices are one of the causes of the Biden inflation surge that is reducing the spending power of Americans. The price of crude oil has surged 104% over the past year, and gasoline prices have increased by over 60%. This means that people are not only paying more for their personal fuel needs, but also for other items they need to buy that require energy to manufacture and/or transport—which is basically everything.
The Biden Administration has been begging OPEC+ nations to up their oil production, hoping they will increase the market supply and lower prices. But the oil-producing cartel has rebuffed their pleas, choosing instead to stick to its own schedule and delay output increases until December.
“OPEC+ seems unwilling to use the capacity and power it has now at this critical moment of global recovery for countries around the world,” stated a National Security Council spokesperson to FOX Business.
How cruel! Can you imagine having the ability to relieve the inflation and economic pain being suffered by millions of people, yet refusing to use your power to help? What heartless governing body would do such a thing?
If you guessed the Biden Administration, you win a cigar!