, where he is expected to push Crown Prince Mohammed bin Salman to increase Saudi oil production in order to bring down world oil prices.
Republican rhetoric aside, there is little the U.S. can do to bring down oil or gasoline prices in the short term. There are material constraints to boosting domestic oil production, and even with more output the U.S. cannot lower crude oil prices on its own. Similarly, President Biden’s gas tax holiday is unlikely to lower prices very much or for very long and may even contribute to the problem by encouraging more gasoline consumption at a time when supply and demand are extremely tight.
Rather than boosting production or encouraging greater demand, the President could take positive steps to
Only thing I can think of if there's a way to demand the US oil companies to start producing more cuz if we ever hurricane hit that area just wait to see the prices then
Inflation will create riots everywhere.
Stop it... It is NOT the US energy crisis... It is THE WORLD ENERGY CRISIS !!!
Inflated gas prices are a global issue.
Oh we have the solutions. It's just that the oil barons keep buying politicians to stop us from getting our solutions in place
A drunk monkey knows what to do
Biden's first day in office and he killed the keystone pipeline, and the Times is like 'gas is just so dang high for some reason. It's a complete mystery with no clear solution.'
I guess the tax holiday is still on vacation
4 years of Trump were good, so this is on democrats 100%
It was pretty cheap under Trump.
'On purpose' should be added
Don't you dare blame the energy crisis on Republicans... TIME is communist filth.
All governments of man seldom know how to do the right thing!
In Sweden gasoline is about $9,00 per gallon. Same in The Netherlands. It’s a global problem of price gauging by Big Oil.
That's a lie.
Right makes a cake...the left shits on it...left yells 'the right made a shit cake!'. FOH!
Musk need to get these cars cheaper cause I'm tired of this s***
Keystone!
In the UK it is more than $11.04 per gallon
Liar Gas was under 2$ with trump . This 100% Biden fault
drill ANWR the frozen wasteland. problem solved.
Regulate the oilspeculators! FFS!
Is it Brazil? Oh, I don`t think so since it is missing +$1.
Invest time into more renewable energy so we're not dependent on dino juice forever
Then maybe Gregory should fix ot since he's the expert.
Why we need to have a 3rd party that can think clearly and isn't influenced by the rich & corporate America. I quit voting for the 2 major parties in this country. I want something more than just stalemate!
Had cheap gas a couple years ago.
Riiiiight.
Uh, the solution is to increase domestic production in the US. It really is that simple.
Republicans don’t need solutions. It happened on Biden’s watch so that’s all they need to capitalize
Wasn’t the US energy independent in December 2020?