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Biden plundering oil reserves “at the mercy of OPEC”

Former President Donald Trump said on Tuesday that President Joe Biden was raiding strategic oil reserves because he is “at the mercy of OPEC” to reduce gas prices for American consumers.

According to the AAA, the national average gas price on Tuesday is $ 3,403. Gas prices have tripled since 2020.

“I understand that Joe Biden will announce an ‘attack’ on new strategic oil reserves so that he can approach record artificially lowered oil prices,” Trump said in a statement. “These reserves are meant to be used for serious emergencies, like war, and nothing else.”

Trump, who set himself a goal of becoming energy independent during his tenure, criticized Biden’s dependence on OPEC instead of American producers.

“We were energy independent a year ago, now we are at the mercy of OPEC,” Trump said, “gasoline sells for $ 7 in parts of California, rising nationwide , and they get oil from our strategic reserves. “

“Is this a way to run a country? ” He asked.

Trump also said he was replenishing the US’s depleted oil reserves as gas prices were lower and America was independent of energy. “I filled them three years ago, up to the top, when oil prices were very low,” he said.

During the coronavirus pandemic, Trump stabilized the price of oil so that U.S. producers could stay in business.

“Once it picks up, and once you have some demand you reduce the supply a bit, it will level out and be great again,” he said in April 2020. “We want to stay. independent. “

Oil markets have since recovered after the pandemic ended. But when Biden took office, America’s energy independence weakened.

Biden canceled the Keystone pipeline in January and is currently considering whether to complete another pipeline in Michigan.

On Wednesday, Biden evaded responsibility for record energy prices and called on the Federal Trade Commission to investigate the oil companies for “anti-competitive behavior.”

“So I ask the Commission to take a closer look at what’s going on with the oil and gas markets, and that you use all the tools of the Commission if you discover wrongdoing,” Biden wrote.

Follow Wendell Husebø on Twitter @ WendellHusebø

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