Posted on 10/09/2022 3:23:50 PM PDT by SoConPubbie
A new study indicates that President Joe Biden's energy policies have cost the U.S. nearly $100 billion in annual output, leaving millions more barrels that could have been produced.
The Committee to Unleash Prosperity — a group founded by economists Steve Forbes, Art Laffer, and Stephen Moore — discovered a trend while reviewing oil and gas production under the previous two administrations.
Between 2 and 3 million more barrels of oil would be produced each day if former President Donald Trump had a second term, with another 20 to 25 billion cubic feet of natural gas produced as well, according to the report.
In addition, continuing Trump's policies would make domestic oil production far outpace the current OPEC cut, with researchers claiming that not a single barrel of oil would need to be sold from the U.S. strategic reserves.
"After many humiliating months of President Biden begging Saudi Arabia and other OPEC countries to please increase their oil production, OPEC countries have decided to do just the opposite: they are cutting back on supply by two million barrels a day to drive UP the price of oil," Moore stated.
"These high prices at the pump are in no small part attributable to Biden's hostility to American oil and gas production," he concluded, adding that the radical environmentalist movement has led to substantial divestment in oil and gas development.
The analysis comes amid Biden's indication on Wednesday he would continue to release oil from the nation's reserves after OPEC revealed it would slash production by nearly 2 million barrels per day, Reuters reported.
(Excerpt) Read more at newsmax.com ...
Except that domestic oil production doesn’t fund the green ecofreak lobby like OPEC does.
Libs should remember we were oil independent under Trump.
A threat to our democracy, no doubt.
But NO, we have to be about “saving the planet”, don’tcha know.
Do not get me started! Grrrr….
High gas prices ‘nudge’ people to buy EVs. This is an explicit goal and a political promise by the Left.
Nice if we didn’thave stolen elections and rogue government....
Some people in the industry say they could provide much more than 2-3mm a day if allowed and encouraged. I’ve read estimates as high as 12mm a day.
Everyone should remember it. What few Libs I have known, were lucky to remember yesterday.
Perhaps the prices at the local market and gas station should bump their memory.
The short summary for 2021 and 2022 is, “as it turned out, Trump was right”.
I believe that to be true enough, as least for those who can afford to pay the cost.. Other wise, everyone else uses public transportation. If that's not available, it's bicycles and small motor scooters.. Just like the rest of the world..
Unfortunately, America is in for some BIG changes.
No 💩 Sherlock.🙄
True. Democrats regulate against oil and fuel production.
Biden & Co. are killing this country they have two years to finish it off unless the midterm election goes right.
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