Biden to Putin: Drill, Vlady, Drill
A principal objective of the multitrillion-dollar Biden economic plan is to force Americans to reduce their production and consumption of fossil fuels. So why is the president now encouraging overseas production by petro-dictators, which in turn will encourage consumption world-wide? It’s almost as if disruption of the U.S. economy has become an end in itself for Washington’s ruling class.
This morning Biden national security adviser Jake Sullivan made the White House case for members of the cartel known as the Organization of the Petroleum Exporting Countries, led by Saudi Arabia, plus a group of nonmembers like Russia, to pump more oil:
Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic.
While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022. At a critical moment in the global recovery, this is simply not enough.
President Biden has made clear that he wants Americans to have access to affordable and reliable energy, including at the pump. Although we are not a party to OPEC, the United States will always speak to international partners regarding issues of significance that affect our national economic and security affairs, in public and private. We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices. Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery.
In sum, current U.S. policy is for oil from authoritarian abusers of human rights like Vladimir Putin to play a larger role in the energy market, while simultaneously asking U.S. taxpayers to spend unprecedented sums to reduce the use of oil in energy markets. Where are all the media’s Russia collusion theorists?
Also this morning, while the Biden White House was making its pitch to petro-tyrants to produce more fossil fuels, the Biden political operation was emailing supporters to brag about White House programs to produce less. “The Infrastructure Investment and Jobs Act is a historic piece of legislation,” says the email from JoeBiden.com, which claims the following among the new law’s alleged virtues:
Tackling the climate crisis by making the largest investment in clean energy transmission in history
On Tuesday in the East Room of the White House, the President made more climate-related claims about the new law and said:
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