Despite President Biden’s claims that he’s doing everything he can to fight inflation, it’s clear he’s not.
Looking only at oil and gas production in the US, we see that we are still far behind the trend we were on before the pandemic.
Little doubt that Biden‘s anti-fossil fuel policies are negatively impacting supply, resulting in higher prices.
April 2022 Interior Secretary Deb Haaland “we continue to appeal the court injunction requiring us to allow leases and permits and I have used my authority to reduce by 80 precent the areas to lease, impose stringent environmental safeguards, and ensure the American people receive their fair share.”
May 2022 - Biden administration imposed much higher carbon cost standard in review process
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