This is from Dec. 2022, WSJ, (sorry I don't have access to quote more of it).
https://www.wsj.com/articles/biden-turns-the-us-into-a-shadow-member-of-opec-supply-profit-taxes-domestic-production-cartel-energy-11670966873"President Biden has urged the Organization of the Petroleum Exporting Countries to increase production of oil and criticized the cartel harshly when it declines to do so—most recently on Dec. 4. But actions speak louder than words. Under the Biden administration, the U.S. has been acting as shadow member of the cartel.
America has committed itself to constrain its own supply through regulations and legislation, which has enabled OPEC to achieve record profits. The White House response to higher cartel profits was to double down by proposing a profit tax that would further limit U.S. supply. The new House Republican majority could help consumers by blocking further cartel-enabling policies."-----------------------------
What I'm looking for is a recent quote where Biden criticizes/attacks OPEC for curtailing supply, driving up oil prices, hurting the American economy (and his chances of reelection), but the above will do. Still true.
Curtailing supply is
his policy, starting with canceling the Keystone XL pipeline his first hour in office. Curtailing supply drives up prices, he accidentally spoke truth. That was the point, make it harder to produce gas and oil across the land.
Trying to get Americans to choose some other form of energy such as EVs, which also run on the fossil fuels that power our grid was a waste of good money since he hasn't done jack to replace fossil fuel grid energy with carbon free nuclear, even though it was finally in the Dem platform in 2020 after being AWOL for 48 years.
This admission is an Econ 101 breakthrough for Democrats led slow sleepy Joe. Curtailing supply drives up prices. Who bleeping knew, and it's exactly what he has done, and everyone knows that result, or at least the 80% who disapprove of prices of everything increasing under Biden.
He did it. He knows it, and he tried to cover it up with his massive release of the Strategic Midterm Petroleum Reserve, but how many times can he release what he never replenished? He's running out of tools to cover up the damage he's done to the economy, consumers, voters and the energy sector.
The only way he could fix it (ironically) would be to adopt Republican policies and it's late in the game for that.
It isn't that one gallon of gas went up $1.50. It's the number on the credit card bill accumulating every time you fill up - if you work for a living or have any other reason to require mobility. It's costing you thousands more per year when you figure in all of the impact. Thousands you don't have for other spending and thousands you're not adding to your savings. Thousands on carry forward credit card debt for millions, plus 24% compounding interest.
The amount you pay over and above true energy cost is a tax. A tax on people making less than 400k per year, exposing a lie. All for what?? We constrain our consuming on a path to going broke while China and India build and open more coal plants. Total emissions are UP.
Did anyone notice cheap flights are mostly gone as well, and rich Democrats like to travel while the rest of us work. He's hurting his own people.
Someone tell what we gained from all the unnecessary pain. Pricing us out of energy is not how you clean the planet. Prosperity is. When you have more abundance and more prosperity you can work on higher pursuits. Richer countries have always been cleaner. cf. the mess we found in East Germany during reunification and the plastic flowing through the rivers of Africa and Asia today.
If we had abundant nuclear energy, the push for electrifying transportation might have worked. Instead it's just one more costly, unpopular Dem failure.
Under Obama Biden, we are a state sponsor of terror and a de facto member of OPEC. And like Putin we frame and jail our opponents. And call it "democracy".
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