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Oil Will Definitely Hit $100 a Barrel, Biden Administration Is ‘Really Screwed’

Breitbart editor and author John Carney told GB News on Wednesday that U.S. oil prices will likely rise as much as $100 a barrel, adding that President Joe Biden’s administration has made several energy policy mistakes .

Carney said: “I think oil is definitely going to hit $100 a barrel, and I don’t see why it’s going to go down. The Biden administration really made a mistake by releasing so many strategic reserves right now. They have nothing left. They have fired all the bullets, more or less, and so there is no source of oil that can be released into the market to bring prices down. The Saudis and Russians want oil to get close to $100, and that’s where it’s going to end up.”

He continued: “Right now, the United States produces a lot of energy. We could produce a lot more, but the UK, frankly, has willfully crippled itself, put a hammer to its knee and been unable to produce enough energy. It doesn’t have to be dependent. Above all, it is not necessary for it to depend on Russia. It was a colossal political failure. We produce so much liquefied natural gas in the US that we could actually become the supplier to the UK and all of Europe. We must strengthen these relations and ensure that this dependence on Russia never returns.”

Carney added: “Joe Biden will not allow the United States to grow into an energy exporter to the rest of the world because he is in the same mindset that canceled energy production in Europe. He wants to do this here. Trump has said he wants to unleash U.S. energy production and wants to remove the shackles the Biden administration has placed on it. So I think Trump will do that. This is probably his number one economic priority right now. »

Follow Pam Key on Twitter @pamkeyNEN


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