The United States is going through a tense situation with regard to energy supply and demand, and the Biden administration is exacerbating the problem, said Jerry Simmons, president of the Domestic Energy Producers Alliance.
In a recent interview for NTD’s “Capitol Report” program, Simmons pointed out that since crude oil is a global commodity, any event that has a global impact will end up affecting prices in the United States. Coming out of the pandemic, many were expecting things to go back to normal. But that has not happened, he noted. Fears of a global recession, and the fact that America is “two quarters into what defines a recession” is affecting commodity markets, including oil….