THE OIL CRISIS IT DIDNT HAVE TO BE THIS WAY
Written by Peter Boykin on October 13, 2022
Shared By Peter Boykin – American Political Commentator / Citizen Journalist
THE OIL CRISIS DIDN’T HAVE TO BE THIS WAY
As supply constraints on oil cause gas prices to skyrocket, a new report found that the U.S. could be producing million more barrels of oil per day if Biden had simply continued the Trump administration’s energy policies.
The report, produced by The Committee to Unleash Prosperity, looked at production trends between price and output. And it found that if Biden kept Trump’s energy policies,
the U.S. would be producing between 2 and 3 million more barrels of oil per day
we would be producing between 20 and 25 billion more cubic feet of natural gas per day.
It also found that the U.S. is losing nearly $100 billion in annual energy output due to Biden’s energy policies.
Despite Biden’s repeated claims that he is “doing all I can” to reduce the price of gas, the truth is he’s:
canceled new pipelines
reduced drilling on public lands
raised taxes on the oil and gas industry
created new environmental standards that make producing oil more expensive
Then vs. now:
According to the U.S.Department of Energy, oil production peaked in 2019 under Trump at 13 million barrels per day. The latest data [April 2022] under Biden was roughly 11.6 million.
The United States doesn’t have to be energy slaves and beggars to the Saudis and the rest of the OPEC oil cartel.
This is a choice being made by Joe Biden and the Democrats.
[You can read the detailed report at: The Committee to Unleash Prosperity]
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