President Joe Biden simply wants you to ignore the reality that he favors increased fossil fuel prices until after the election.
On Wednesday, Biden revealed his strategy for lowering gas prices—a strategy that may only have a limited, temporary impact because that’s the outcome he wants.
Neal Crabtree, a former Keystone XL pipeline welder, is one individual who doesn’t believe it.
“I don’t know how he gets away with saying that he doesn’t have anything to do with rising gas prices when they’ve got everything to do with it. Ever since Day One — I can name you dozens of other pipelines that we were expecting to build here in the last couple of years, and they can’t get the permits.”
When the new president revoked the federal authorization to construct the Keystone XL pipeline, Crabtree and hundreds of others were fired almost immediately after Biden took the oath of office.
By itself, that project would have sent 830,000 barrels of oil from Canada into the US every day.
Once the petroleum started flowing, one can only speculate about the downward price pressure that would have been applied to the prices of oil and gas. Rather, we now have a chance to assess the actual change in gas prices as a result of the most recent release of 15 million barrels from the country’s Strategic Petroleum Reserve, which was disclosed this week. The result is zero.
Former Energy Information Administration director Jay Hakes said, “We’re talking about fairly small potatoes here with putting 15 million barrels into the market, and I think the market was probably expecting that to happen anyway.”
Understandably, Americans’ top concerns in the upcoming midterm elections are gas prices. That implies that Biden and other troubled Democrats around the nation are also thinking about them. There is a lot of pressure on the administration to act — or, at the very least, to seem to act — like they are solving the problem.