-
Why is the Price of Gasoline Going Through the Roof?
“By 2017, the USA was producing more oil than Saudi Arabia and Russia, effectively removing OPEC and Russia’s ability to reduce the supply of oil on the global market to increase the price.” [1] “Since assuming the office of the Presidency, Joe Biden has taken several actions to obstruct oil production in the United States, including a suspension of new oil and gas leases on federal lands and blocking oil sales in the Arctic National Wildlife Refuge (ANWR). He also canceled the Keystone XL pipeline within hours of assuming office.” [2] Now America is dependent on Russia to supply the shortfall. “Across 2021 the US imported between 12 million as 26 million…