Biden's mindless energy policy

 Biz Pac Review:

President Biden once again shirked any responsibility for skyrocketing gas prices and instead demanded that gas stations cut prices at the pump for drivers despite their costs to stay in business being dictated by the market.

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His flawed economic reasoning is that oil prices are dropping. Oil prices are not the only factor in the price of a gallon of gasoline. Taxation and crushing regulation as well as progressive policies have a lot to do with it. It’s almost as if Biden and the left want to drive gas stations out of business.

In a meeting with economic aides on Monday, Biden excoriated gas stations, referring to crude prices falling sharply in August. He contended that despite that fact, it has taken a “long time” for the drop in price to trickle down to American drivers.

“We haven’t seen the lower prices reflected at the pump though. Meanwhile, oil and gas companies are still making record profits — billions of dollars in profit,” the president claimed, once again blaming oil and gas entities while giving cover to leftists who are deliberately destroying them.

“My message is simple. To the companies running gas stations and setting those prices at the pump: Bring down the prices you’re charging at the pump to reflect the cost you pay for the product,” he disingenuously stated.
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“Having the president of the country pressuring private companies into cutting profit is not a good look at best,” geopolitical analyst Irina Tsukerman, who heads Scarab Rising, told the New York Post. “These comments indicate that Biden is avoiding responsibility for his own contribution to the price crisis — the policies that have driven up the gas prices to begin with, failure to allow for leases on federal land, the shutdown of pipeline projects, the gas tax hike, among others.”
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Biden's energy policies are idiotic.  By restricting supply, he is responsible for higher prices on a product with very thin profit margins.  If he really wanted the prices to drop he should stop restricting the supply.  Trump got the prices down by allowing more drilling.  Biden should go back to that policy.