he shows us his (or his staff’s) total misunderstanding of how the oil industry works, how the “supply chain” moves, and demonstrates again the ineptness of the Leftists.
Remember, he actively discouraged those oil producers from drilling in leases they already had secured and demonized them..
Funny, innit, how one minute Big Oil was the enemy for pumping oil, then when the price of oil led to Pain at the Pump, they were demonized for not producing enough.
The ever increasing stupidity of the leadership at the white house (and I don’t men our Potato in Chief) is becoming frightening….Surely the had to know that higher oil prices would be the result of their policy, right? And that the American People would be unhappy with those higher prices? And that that would affect them in the elections? Have they so little foresight? Or does their ideology blind them to everything until reality strikes them in the face?
And now he is releasing 1 million barrels Per Day of oil from the Strategic Petroleum Reserve to combat high prices….which is not, I believe what it is designed for. (nor will it have much impact on fuel prices). I just don’t see where releasing nearly a third of the SPR will help keep the Country safer or more able to be self sufficient if we have a war. But that seems to be the DNC goal…weaken the US whenever possible.
Of course, if he and his people would not have made all those changes from what Trump did, we’d not have such high prices….But they let Ideology overcome common sense. And now it is biting them in the ass. They know they are gonna lose big in the upcoming midterms and are flailing about trying quickly to fix that.
ETA 10:20 AM Central 4/1 (not an April Fools Joke): Well, that so far hasn’t worked….OilPrice.com has the price of oil UP 1% over the start of the trading day.