While many components affect the price of gasoline, two leading factors contributing to the energy crisis the United States is facing are the many years of Democratic-backed anti-fracking policies and President Joe Biden’s pledge to wean America off fossil fuels, says Jerry Simmons, president and CEO of Domestic Energy Producers Alliance. “Joe Biden, the candidate, over and over again, he said, ‘We’re going to do away with fossil fuels, we’re going to end oil and gas,’” Simmons told NTD’s “Capitol Report” in an interview about the effects of such policies on the cost of fuel at the pump. Before the global energy situation grew more dire following Russia’s invasion of Ukraine and the resulting blacklisting of Russian oil, most countries around the world were already experiencing pandemic-related shortages of oil. OPEC+ was restricting oil supply, and despite U.S. calls to increase output, the global body decided to keep supply unchanged given …
Biden Admin Prioritizing Business With Saudis, Iranians Over Americans, Affecting Cost of Oil: Energy CEO
April 11, 2022
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