by Mitch Kokai
Senior Political Analyst, John Locke Foundation
When he announced last week that he would release more oil from the American Strategic Petroleum Reserve, President Joe Biden told the American people he is doing everything possible to bring down gas prices at the pump.
That’s a lie. This administration and the climate change crazies have declared war on American energy.
They want high oil and gas prices. The Biden master plan is for American oil and gas production and consumption to go to zero over the next 15 to 20 years. How do you achieve that goal? By making oil and gas so expensive and so unavailable that Americans are forced to use alternatives.
In other words, the fact that gasoline is roughly $1.25 more expensive per gallon today under Biden than it was a year ago under former President Donald Trump didn’t happen by accident. This was not a result of a natural disaster, such as a hurricane, that could knock out our oil facilities. This was by design.
The left believes that they can change the temperature of the planet by forcing American energy companies to produce less oil and to force Americans to use less of it. How do you get people to buy less of something? You raise its price. This is basic high-school introductory economics.
Some on the Biden team have inadvertently admitted this. Cornell University professor Saule Omarova, a high-ranking Biden nominee for one of the country’s leading regulatory agencies, said she wants to “bankrupt” U.S. oil, gas and coal companies — and apparently has no problem putting roughly five million Americans into unemployment lines. Biden’s appointee to be vice chairman of the Federal Reserve Board, Lael Brainard, was asked at a congressional hearing recently if she thought high gas prices were a problem. She hemmed and hawed and refused to answer with a simple “yes.” Instead, she explained that this is a “complicated” issue. How is this complicated?