The White House on Sunday rejected the argument that increasing domestic oil production would help lower gas prices, as the cost of oil moves toward record highs. [bold, links added]
Crude oil prices rose as high as $130.50 a barrel on Sunday evening.
White House press secretary Jen Psaki released a set of talking points on social media, arguing against a focus on boosting oil production in the United States.
“It’s a reminder that real energy security comes from reducing our dependence on fossil fuels,” Psaki wrote, noting that Russia’s continued invasion of Ukraine was causing a spike in oil prices.
1. Production is up, rising, and approaching records, yet Russia’s actions still leave our consumers vulnerable. It’s a reminder that real energy security comes from reducing our dependence on fossil fuels
— Jen Psaki (@PressSec) March 6, 2022
Psaki pushed back against Republicans calling for more domestic oil production.
She argued that domestic oil production was up after the coronavirus pandemic but that the United States was still vulnerable to global oil markets.
“[D]omestic production has not insulated us from the price volatility of fossil fuels or the whims of those who control them, such as President Putin,” she said. “Americans know that.”
President Joe Biden’s administration is exploring diplomatic shifts with oil-producing countries including Saudi Arabia, Venezuela, and Iran, as Russia’s latest Ukrainian offensive has disrupted oil markets.
But Psaki argued the only way to truly be free from high gas prices was to stop using oil.
“The only way to protect US over the long term is to become energy independent,” she wrote, pointing to Biden’s efforts on subsidizing wind and solar energy.
8. The only way to protect US over the long term is to become energy independent. That is why the President is so focused on deploying clean energy technologies that don’t require fossil fuels bought and sold on the global market, which will always be vulnerable to bad actors.
— Jen Psaki (@PressSec) March 6, 2022
The Biden administration continues to struggle to explain the president’s decision to end the Keystone XL pipeline project, his effort to shut down drilling permitting on federal land, and his decision to suspend drilling leases in the Arctic National Wildlife Refuge.
In his State of the Union speech, Biden acknowledged that gas prices were rising, but offered subsidies for electric cars as a solution.
He called for Congress to help him “lower the price of electric vehicles, saving you another $80 a month because you’ll never have to pay at the gas pump again.”
Biden also said he would continue releasing oil from America’s Strategic Petroleum Reserve, even though it failed to significantly affect gas prices.
“I know the news about what’s happening can seem alarming,” he said. “But I want you to know that we are going to be okay.”
Read more at Breitbart
All those who voted for Biden removing their Biden Bumper Stickers before they pound their heads on the walls
Feb 8, 2020 Joe Biden: “We Are Going To Get Rid of Fossil Fuels”
https://youtu.be/O_2e8WH_1yU
Translated: “We are going to get rid of you”
The current “train wreck” started around 2014 and NOT with the Russian invasion of Crimea. Commodity prices “tanked” in 2014 and investment in domestic E & P has far from recovered. This growing oil supply shortage was “masked” by the lower demand during the worldwide pandemic. Germany & the EU started the “Green Revolution” about 10 years ago & all they have done is dug themselves into a HUGE HOLE with dependence on Russian oil & gas. Psaki is misguided (at best) about fossil fuels. We will be dependent for DECADES on oil & gas (and coal) whether she likes it or not. You cannot REPLACE 80% of your domestic primary energy overnight. Just like the U.S can’t RAMP UP domestic oil production on a whim. It will take time to get U.S oil production back to pre-pandemic levels. It took a while to get ourselves into this position. It will take a while and unfortunately, more PAIN at the pump to work ourselves out of this. As long as we don’t have a rational, thoughtful & well informed debate about our domestic energy strategy and attendant policy, this FOOLISHNESS will only get worse…
Just another Globalists and Liberal Democrat and a Traitor just just about all Liberal Democrats are