President Joe Biden recently evaded responsibility for record-high oil prices by asking the Federal Trade Commission to investigate “anti-competitive behavior” by oil companies.
National gas prices are at historic highs, inflation is at a 30-year high, and a supply chain crisis has been broken under the Biden Administration. But President Biden is trying to avoid any responsibility for his failed energy plan by blaming oil companies.
President Biden stated that he would not accept Americans who work hard paying more for gas due to anti-competitive conduct or other potentially illegal conduct. He said that he asks that the Commission examine the current situation in oil and gas markets and that all tools of the Commission be used if there is any wrongdoing.
Biden referred to record-setting gas prices in the U.S and said that the Federal Trade Commission is authorized to examine whether illegal conduct is costing families at the pump.
President Biden requested that the agency investigate oil companies despite his administration starting a regulatory war against U.S energy.
Biden canceled the Keystone XL Pipeline shortly after assuming office, which would’ve carried 35 million gallons per day of crude oil from Nebraska to Texas.
Biden has also opened energy markets to Russia by building a pipeline between Russia and Germany, which will directly impact U.S oil producers that sell to European countries.
President Biden is currently considering whether to close the Line 5 oil Michigan pipeline, which has been in operation for 78 years. Twelve federally recognized tribes have requested that the administration terminate the pipeline.
A recent poll found that only 40% of registered voters approve of Biden’s energy policy, with a majority of voters believing that President Biden is dishonest, untrustworthy, and incapable of leading the country.