“Gas prices relate to a foreign policy initiative,” Biden insisted during a CNN town hall last month. “And that’s because of supply being withheld by OPEC.”
On Friday, Energy Secretary Jennifer Granholm laughed at the idea there was anything the Administration could do to bring down the cost of gas, once again placing the blame entirely on OPEC.
“What is the Granholm plan to increase oil production in America?” asked Bloomberg host Tom Keene.
“That is hilarious,” she said dismissively, as she tossed her head back with laughter while Americans coped with gas prices hitting all-time highs compounded by inflation.
“[I] would that I had the magic wand on this,” Granholm expressed, pretending that she doesn’t in the form of deregulation. “Oil is a global market. It is controlled by a cartel. That cartel is called OPEC, and they made a decision yesterday that they were not going to increase beyond what they were already planning.”
According to AAA travel agency, gas prices are up more than 60 percent from a year ago after sustaining a painful and consistent increase over Biden’s first ten months in office. The soaring cost of gas is sending ripple effects across the entire economy with more expensive transportation, meaning more expensive goods, since they’re virtually all shipped at least some distance.
Worse yet, American heating bills are on pace to skyrocket this winter, with the Energy Information Administration (EIA) projecting in October a majority of U.S. households are estimated to pay 30-50 percent more than last year. Those reliant on propane heating, primarily in rural areas, the northeast and northern plains will be hardest hit, with a 94 percent price spike from last year’s six-month season. Such an increase is likely to amount to hundreds more in heating costs, with the poorest of households suffering the most.
“At this time, I don’t have anything new to share,” admitted White House Deputy Press Secretary Karine Jean-Pierre on Monday, after Biden made the same concession in prime time, less than a month ago.
A plan to bring down prices would be counterproductive to the President’s goals of phasing out fossil fuels, a primary centerpiece of his 2020 campaign. Biden could bring down gas prices tomorrow and ward off the looming energy crisis this winter by immediately backing off his war against the industry he’s pledged to destroy.