Is Biden Loving High Gas Prices?

Candidate Biden Promised to ‘End Fossil Fuel’ Dale Hurd CBN News

Biden has made no secret of his goal to end the oil and gas industry. 

In one 2020 campaign appearance, Biden told a young supporter, “I want you to look at my eyes. I guarantee, I guarantee we’re gonna end fossil fuel.”

And during a 2020 debate with Donald Trump, Biden pledged, “No more subsidies for the fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period.”

America Could Again Be Energy Independent If the White House Wanted It

And in just 14 months, America has gone from being energy independent under Donald Trump to a nation dependent on foreign oil, including Russian oil, even though the U.S. still has abundant energy resources.

“We have 250 years’ worth of natural gas,” says Economist Stephen Moore, “We have 500 years’ worth of coal. We have 150 years’ worth of oil. We’re not running out of it. We just need to drill for it, and that’s not happening right now.”

Energy analyst Ben Lieberman at the Competitive Enterprise Institute says, “Not everything that affects the price of gasoline is within a president’s control, but everything that is within President Biden’s control, he’s been doing wrong.”

Lieberman says, “There was also a major multi-agency effort on the part of the Biden Administration to discourage banks from lending to oil and gas companies. That’s important as well. (The oil and gas industry) can’t do these projects unless they can get the financing. And that’s something that the Biden administration has clamped down on.”

Despite White House rhetoric, critics say little is actually being done to bring down prices. Biden’s Transportation Secretary says if you don’t like high gas prices, you should buy a $60,000 electric car.

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