Biden's attempts to blame high gas prices on the Ukraine war and corporate greed are dishonest.
This administration opposed oil and gas development from day one. His words and deeds affect commodity prices, notably oil.
In 2021, the president signed an executive order halting new oil and gas leases on federal lands. In April 2022, when prices had risen dramatically and public pressure intensified, they began selling additional leases.
The Treasury Department presented its Green Book on March 28, 2021, proposing revenue initiatives for fiscal year 2023, including $150 billion in oil and gas tax increases.
Biden ordered Haaland to cancel 12 Trump-era energy initiatives on April 16, 2021.
SO 3349, "American Energy Independence," SO 3350 "America-First Offshore Energy Strategy" and SO 3355 "Streamlining National Environmental Policy Reviews and Implementing Executive Order 13807, 'Establishing Discipline and Accountability in the Environmental Review and Permitting Process for Infrastructure Projects'" would have streamlined the NEPA review process to allow energy projects to be developed in a more consistent and logical manner without arbitrary and capricious .
This administration has undertaken several anti-oil and gas policies. The American Energy Alliance has compiled 100 ways Biden and the Democrats have made oil and gas production difficult. More followed. These acts illustrate that the rise in energy prices is not due to the war in Ukraine alone, but to the administration's policy.
When the president says he wants a business to fail and implements measures to undermine it, he can't act surprised when its products become scarcer and more expensive. It's cause-and-effect.
Biden's spending bills have affected pricing. As the money supply has grown, it has pushed inflation and increased the cost of everything from wheat to aluminum. Oil prices are influenced by this just like any other commodity.
An administration opposed to oil and gas development and rapid inflation across the economy have led to a surge in gas prices that can't be explained by the Ukraine war or corporate avarice.
Biden is getting what he campaigned for, but he doesn't like the polling.
Tom Pyle is IER president.
The preceding is a summary of an article that originally appeared on DailyCaller.
