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Falling poll numbers concentrate the presidential mind, and the result can be startling. Look no further than this nominee for headline of the year from Politico this week: “ Biden team asks oil industry for help to tame gas prices.”
Stranger things have happened, but we can’t recall one. For nine months President Biden has been pursuing policies to squeeze oil-and-gas producers to limit production and eventually go out of business. Having begged OPEC in vain to boost oil production, Mr. Biden is now having to suffer the humiliation of beseeching an American industry he vilifies as destroying the planet to save the day.
This is the politics of falling job approval. Crude oil prices have doubled since the November election, and this week closed above $80 a barrel. This has flowed into gasoline prices paid by voters, with the national average for a gallon up more than $1. A federal agency is warning that Americans who use natural gas for heat could pay 22% to 50% more this winter.
Watch the short WSJ video at the bottom of the article.
Biden now loves the Frackers
Biden now loves the Frackers
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group