During a press conference held on June 30, after the North Atlantic Treaty Organization summit in Madrid, President Joe Biden said that American drivers should expect to deal with the soaring gasoline prices until the war in Ukraine is over.
When asked by a New York Times reporter how long American drivers should pay for the high cost of fuel, the president answered, “as long as it takes, so Russia cannot in fact defeat Ukraine and move beyond Ukraine.”
“This is a critical, critical position for the world,” he added and blamed the elevated gas prices on the current conflict.
Biden claimed that Russia is to blame for the high prices. “The reason why gas prices are high is because of Russia. Russia, Russia, Russia. The reason the food crisis exists is because of Russia,” he stated.
Analysts are saying that the president seems to have rarely mentioned the Western sanctions that were given to Moscow. Biden also has policy efforts restricting oil and gas production inside the U.S. In March, his administration announced a ban on imports of Russian oil as part of an effort to punish the Kremlin.
It can be observed that gas prices started shooting up after the Biden administration took over in January 2021.
During the Spain conference, Biden said he will not ask Saudi Arabia to raise its oil production when he visits there in July. This should be contradicting earlier reports indicating that he would ask the kingdom and other top oil-producing nations to increase their production to deal with supply issues.
Blame game: Biden says that oil price is sky-high because of US oil companies
Apart from blaming the oil price hike on the Ukraine invasion, Biden also accused the gas companies of the continuous price spike.
Earlier this month, Biden publicly blamed U.S. gasoline companies, including ExxonMobil and Chevron, for the high prices of this commodity.
“Bring down the price you are charging at the pump to reflect the cost you are paying for the product. Do it now. Do it today. Your customers, the American people, they need relief now,” Biden at a labor union event last June 22 at the Eisenhower Executive Office Building.
Alex Jones, the “InfoWars” founder and host commented, that it’s still at $5 a gallon on average because Biden shut off thousands of pipelines, including the big Keystone Pipeline when it was already completed.
Jones added that the present government cut all of the drilling permits, which just means Venezuela and China and everybody else just comes and drills it. And then we buy it from other countries.
Furthermore, the president threatened to use “emergency authorities” against the industry in a letter that was sent to the CEOs of major petroleum firms. (Related: Biden threatens oil firms: Do something about rising gas prices or face consequences.)
“Your companies and others have an opportunity to take immediate actions to increase the supply of gasoline, diesel, and other refined products you are producing,” he said in the letter.
Biden stated that his administration is prepared to use all reasonable and appropriate federal government tools and emergency authorities to increase refinery capacity and output in the near term and to ensure that every region of this country is appropriately supplied.
The letter was met with an indignant response.
“Your administration has largely sought to criticize, and at times vilify, our industry,” Chevron CEO Michael Wirth wrote in an open letter to Biden released in June.
Frank Macchiarola, a senior policy executive at the American Petroleum Institute trade body, said the outreach from the administration is lacking.
Meanwhile, Biden reacted to Chevron CEO’s missive and said “I didn’t know they’d get their feelings hurt that easily.”
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Watch the below video where Biden blames gas stations for his price hikes.
This video is from the InfoWars channel on Brighteon.com.