Maybe it’s too strong. But given the free-wheeling, fact-free use of that term the Democrat Party made for the four years Donald Trump was president, including especially when Trump encouraged demonstrators on Jan. 6 to “peacefully” make their way to the capitol to protest the irregularities of the 2020 election, we’ll call this current blatant outrage whatever we damn well please. Including treason.
The White House is calling on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices, amid concerns that rising inflation could derail the economic recovery from Covid.
Biden administration officials spoke with representatives from OPEC’s de facto leader Saudi Arabia this week, as well as with representatives from the United Arab Emirates and other OPEC+ members.
The White House said the group’s July agreement to boost production by 400,000 barrels per day on a monthly basis beginning in August and stretching into 2022 is “simply not enough” during a “critical moment in the global recovery.”
“We are engaging with relevant OPEC+ members on the importance of competitive markets in setting prices,” National Security Advisor Jake Sullivan said in the statement obtained by CNBC. “Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery.”
What’s the first thing this cabal of Marxist oxygen thieves did after taking office? They shut down the Keystone XL pipeline, interfering with the supply of oil from Canada. Then they stopped all oil and gas leasing on federal lands, which put a serious crimp in the continued development of the vast Permian Basin oilfield in southeastern New Mexico.
Then they embarked on a series of policies which not only further hampered oil and gas exploration and production, but debased our currency so that the price not just of gasoline but everything else would go through the roof. There was a piece at the Baton Rouge Business Report yesterday discussing the fact, for example, that craft breweries are desperate because they’re facing major shortage of cans and bottles to package their products in; between Biden’s paying people not to work and the raw materials shortages brought on by the witches’ brew of public policy cockups for which he’s guilty, the suppliers of those containers can’t keep up with demand and are thus prioritizing the Millers and Anheuser-Buschs of the world before the little guys.
And gasoline is now $3.18 a gallon on average. It was barely more than half that when Biden took office.
So he goes to OPEC looking for a bailout after kneecapping both the U.S. economy and the energy sector.
Needless to say, Mike Moncla, the president of the Louisiana Oil and Gas Association, was apoplectic about this…
Earlier today, the White House issued a statement urging OPEC+ to increase oil production in order to satisfy the current demand for energy in the United States.
Louisiana Oil & Gas Association President Mike Moncla responded publicly to the White House this afternoon:
“Since President Biden took office last January, his administration has made it a top priority to decimate the American oil and gas industry to meet his unrealistic climate goals.
Pushing for an increase in foreign oil consumption hurts states like Louisiana who rely on energy production for job creation and tax revenue.
If the White House truly wants to expedite the post-COVID economic recovery, they should rely on energy companies here in the United States, not foreign entities that seek to exploit other nations to fill their pockets.
We encourage President Biden to work with our domestic industry partners to meet the energy needs of Americans.”
Joe Biden has never spent a single day in his life working in the private sector. What he knows about “business” chiefly involves influence-peddling and shaking people down for bribes. That’s more or less universally true of the Marxist junta who control him as well. So perhaps the concept of “market share” flies well over their heads.
But it goes like this. When there is a level of demand out there for a product, and that demand can be expected to increase over a period of time, and your own domestic suppliers of that product are fully capable of meeting that demand, if you do nothing supply will match demand and the price will remain more or less stable at the end of the day.
When you cripple your domestic suppliers and the demand goes up, you will get not only price increases but money flowing to foreign suppliers as they capture more and more of your market. You bleed money, your domestic suppliers become less competitive in the marketplace, and the political effects of this are that the foreign suppliers get more leverage in your halls of power.
Which might not signify stupidity on Biden’s part at all, but rather something else.
What’s the effect of a series of actions which rob America of its energy independence and reintroduce the kind of influence that countries like Saudi Arabia and Kuwait used to be able to buy in Washington?
The Swamp benefits at the expense of the American people, doesn’t it?
And if this is done deliberately, and not as a result of some moronic bungling, what do you call it?
Like we said, we’ll go ahead and call it treason because we’ve been told we can use that word any damn time we want. The Left taught us that, so now they can try to explain the patriotism of begging OPEC to sell us more oil that Americans are banned from producing.