Source: Brandon Morse
Among the multitude of brilliant ideas the Biden administration has come up with, limiting our ability to drill and produce our own oil here in the U.S. has got to be one of the top-most intelligent ones. Who doesn’t want to pay more for oil from a foreign country when we could just drill for it in the states and provide thousands of jobs?
On Wednesday, Biden urged 23 oil-producing countries like Saudi Arabia to step it up. As they do, the price comes down to a degree, and the U.S. buys it at a lower cost.
The White House released a statement declaring that not having a competitive market from increased oil production risks “harming the ongoing global recovery” and noted that President Biden is “engaging with relevant OPEC+ members on the importance of competitive markets in setting prices.”
Enter Texas Governor Greg Abbott who has a much more simple solution:
Drill in Texas. The oil is right here.
“Dear White House: Texas can do this,” Abbot tweeted. “Our producers can easily produce that oil if your Administration will just stay out of the way. Allow American workers—not OPEC—produce the oil that can reduce the price of gasoline. Don’t make us dependent on foreign sources of energy.”
In terms of oil production, Texas produces far more than any other state at 1.8 billion barrels with North Dakota being the next largest at 431 million.
According to the U.S. Energy Information Administration (EIA) Americans consumed 18.12 million barrels of petroleum a day or 6.63 billion barrels for the entire year. In 2018, the U.S. was the top oil producer in the world.
According to Visual Capitalist, U.S. oil output this year will drop to 11.04 barrels a day.
We have the ability to produce our own oil at a much lower cost without playing games with and giving money to, foreign entities, some of which are considered our enemies. Yet, the Biden administration has handcuffed American oil producers, driving up prices.
And all of this is being done unnecessarily. If Texas were allowed to cut loose (and indeed other states in the process) our oil concerns would more or less disappear. Prices would drop. Jobs would explode upward.
However, the Biden administration isn’t interested in doing that. Why? “Climate stimulus.”
Biden is looking to implement a plan that forces the U.S. to transition from oil to green energy much like the Obama administration tried to do in the past as reported by the New York Times:
Now, 12 years later, President Biden is preparing the details of a new, vastly larger, economic stimulus plan that again would use government spending to unite the goals of fighting climate change and restoring the economy. While clean energy spending was just a fraction of the Obama stimulus, Mr. Biden wants to make it the centerpiece of his proposal for trillions of dollars, not billions, on government grants, loans, and tax incentives to spark renewable power, energy efficiency and electric car production.
Hard to move to green energy when America is booming under its own oil production. So, Biden kills jobs, shuts down American self-sufficiency, and raises your prices at the pump amidst the economic downturn so that he can try to succeed where Obama failed by making the exact same mistake.
Ladies and gentlemen, the definition of “insanity” made manifest.