Democrats want to litigate oil prices rather increase US production
Momentum is building in Congress in support of legislation that would take on the OPEC+ group of oil-producing nations that just announced cuts in production likely to help Russia and raise prices in the United States.
Senate Majority Leader Charles Schumer (D-N.Y.) recently floated using the legislation, known as “NOPEC,” as one way to respond to the group, which includes Saudi Arabia and Russia.
Some lawmakers on both sides of the aisle have gone even further, saying that the decision by the Saudi-led group to reduce production by 2 million barrels a day is a reason to significantly shift relations with Riyadh.
The White House has not explicitly backed the bill, but said following the production cut announcement that it would “consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices.”
On Tuesday, the White House told reporters that President Biden believes the U.S. should review the Saudi relationship given the production cuts.
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This is idiocy on stilts. If they would just return to Trump's energy policies the NOPEC scam would be inconsequential.
The US has the energy resources to not need to buy any oil from the cartel. It was Biden's idiotic energy policies that caused the increase in prices, to begin with. If he were not blocking US production it would not matter what the Saudis or the Russians did.
Rather than waste time on litigating with oil-producing countries, the US should be producing its own oil which it has in abundance when not hampered by Biden's Big Green idiocy. The Biden energy policy makes no sense whatsoever. It is at best a pander to Big Green that does zero for the environment.
See, also:
Biden’s October Surprise Is Even Higher Gas Prices, Experts Say
And:
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