Neighborhood Ministries

The move by President Biden to cut American oil production also endangers the U.S.  by shifting a great deal of America’s oil source to Russia and Iran. That makes us dependent on Russia and the Arabs who could cut off the supply if they want to hurt America, or if we go to war with them. We saw that in 1974 when we were in a similar dependency and the Arabs cut off the supply to the U.S. Gas prices jumped 100% from $.50 to $1.00 a gallon overnight and we saw widespread shutdowns of many major businesses. They could threaten us with cutting off the oil supply as they are currently doing with Europe which doesn’t have the oil reserves that we do. We are seeing our European allies reluctant to support actions against Russia because they are totally dependent on Russia and Iran for oil and know if they push too strongly, Russia could cut off their supply of oil threatening their economies. By cutting our oil reserves, it makes us even more vulnerable to blackmail because we would have fewer supplies to draw on in case they cut off the oil. Russia is raising the price of oil and could cut it off to the U.S. causing a shortage of oil. If so, we could see real raises in oil prices and possible shortages at the pump. That would not have happened if we had remained independent of foreign oil. It also leaves us more exposed to natural disasters. We saw rapid rises of prices and shortages at the pump in the East when hurricanes devastated Texas oil refineries and when the cross-country oil pipeline failed preventing normal distribution of oil across the country.