- Sep 19, 2011
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Your comment..."actuality, no American leader can do much" is true! Key word is "MUCH"!The "Blame the President for Everything from Dandruff to Hemorrhoids" weenies like to fantasize that the POTUS is a great and powerful wizard who controls all things, but, in actuality, no American leader can do much about the price of gasoline.
Gasoline Prices Are Surging. Can Biden Actually Do Something About It?
Rising energy costs, including gasoline as well as natural gas and coal, are a major driver of high inflation. That's putting pressure on household budgets and creating a major political problem for the Biden administration.laist.com
Predicated upon a multiplicity of global, market factors, and ignoring the hyper-partisan snivelers, the prospects are intriguing:
The Energy Information Agency, in its monthly report on oil markets, predicted that oil prices will start to fall next year. OPEC also predicts a surplus of oil in 2022.Nobody in the oil industry misses the irony of this moment: Major world leaders are calling for oil use to drop dramatically in the years ahead, to reduce the catastrophic impacts of human-caused climate change.But in the near term, Biden and other leaders are desperate for energy prices, and eagerly welcome the prospect of increasing oil production.Would reducing dependence on fossil fuels make the United States less dependent upon the inevitable vagaries of gasoline costs in the future? Indeed. It could then, finally, dance to its own tune, by cracky.
But that which they can do, i.e. keep exploration of oil on land that 25% of American oil comes from would be helpful and NOT harmful!