OPEC will increase its oil production by 648,000 barrels per day starting in July. President Joe Biden is applauding this decision, but he seems to forget that high gas prices are partially the result of his administration’s energy policies. He wants more oil from OPEC nations but refuses to let American producers meet the demand of the market.
Biden was not worried about high gas prices in May. “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” he said. It should not come as a surprise that Biden has the worst approval rating in modern presidencies after speaking like that.
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