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Gas Prices-B

11 Aug

President Biden seems surprised that gas prices are rising again. All he has to do is look at recent price changes. President Obama had closed the new American oil fields after he took office. When the oil drilling was stopped, gas prices rose to around $4.00 a gallon. Later, political pressure forced him to open some fields and the price dropped a little but he did it only reluctantly. That definitely hurt American industry and the American people. President Trump fought to open up American oil fields to drilling. Democrats accused him of doing it because American companies contribute to Republicans. The American oil companies did benefit by getting cheap oil, but it also benefited the American people by bringing down the cost of gasoline and freeing us from control by the Arabs. Regardless of why he did it, the American people still benefited. The price of gas dropped from over $4.00 a gallon to $1.29 a gallon. Since President Biden took office, he cut off the drilling again to appease the environmentalists. The Arab oil producers benefited from it and American companies were hurt. Not only does that send our money paid  for gas overseas (to the Arabs), it sends the cost of gasoline soaring, hurting the American people and American businesses. We have seen a 50% increase (one dollar a gallon) in just six months. It also makes us subject to blackmail. The Arabs could threaten to cut off the oil to get what they want.

 

 

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