Posted on 12/31/2023 9:08:20 AM PST by Salman
You won’t hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has.
The flow of huge amounts of crude from American producers is playing a big role in keeping prices down at the pump, diminishing the geopolitical power of OPEC, and taming inflation. The average price of a gallon of regular gasoline nationwide has dropped to close to $3, and analysts project it could stay that way leading up to the presidential election, potentially assuaging the economic anxieties of swing state voters who will be crucial to Biden’s hopes of a second term.
But it is not something the president publicly boasts about. The politics of oil are particularly tricky for Democrats, whose chances for victory in the 2024 elections could hinge on whether young, climate-conscious voters come out in big numbers. Many of those voters want to hear that Biden is doing everything in his power to keep oil in the ground.
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(Excerpt) Read more at washingtonpost.com ...
The stat is straight from the producers, it’s real. It’s also transitory. When Biden started slow-walking everything and closing new areas, producers drilled already approved areas that weren’t the best. The areas aren’t as profitable but it keeps the workers paid in hopes the govt comes to its senses soon.
Thanks. Ice’. You have a good source.
I presume Biden is refilling US oil reserves as well? Also, I hear Biden regime is selling our oil (to our mule nations) while importing oil from Russia, but through certain cut-out countries.
Any truth to that, I wonder?
The propaganda media does the exact opposite when Trump or another Republicans in office. They report poor financial numbers for a given month and then later, in the small print, they revise the previous month upward.
My thinking is they are keeping this hidden because they are exporting most of it to keep our prices high and also I can give you a 99.5% accuracy that the Biden family is getting millions of dollars in kickbacks, and nobody, including Republicans, give one crap about exposing any of it.
Wouldn’t know it here in California gas is still in the $4.70 range.
So he has filled the oil reserve tanks he sold to China?.
Bet that’s where a lot of it’s shipped to media mum.
Media pimps WH story Biden refused all Alaska permits.
If true, why aren’t gas prices lower than they were under Trumps policies?
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