By John Ubaldi, “Ubaldi Reports”

Since assuming the presidency, President Joe Biden is doing everything he can to reduce oil and gas production in the United States, in order to fight climate change which he and the Democratic Party believe is a national security threat.

As the Biden administration issues executive orders and pursues policies that limit oil and gas production he is now simultaneously urging the Organization of the Petroleum Exporting Countries (OPEC) to increase oil production so that gas prices don’t rise any more than they have in hurting U.S. consumers.

White House Press Secretary Jen Psaki stated, “The president wants Americans to have access to affordable and reliable energy, including at the pump. And so that’s why our team is constantly monitoring gas prices and directly communicating with OPEC parties to get to a deal and allow proposed production increases to move forward.”

This past month oil prices went to a six-year high after OPEC and Russia failed to agree on increasing production quotas. Last year OPEC slashed oil production after prices cratered due to the economic lockdown of the world’s economies as a result of the coronavirus and a price war between Saudi Arabia and Russia.

With the world’s economy surging with the vaccine rollout, and easing of lockdown restrictions, U.S. energy consumption is back to 2019 levels. The current estimate by OPEC is that the world’s industrialized countries will increase oil production by close to 3 million barrels a day to fuel their rapidly expanding economies.

Last month OPEC raised energy production, but unfortunately demand for oil is rebounding faster than supplies can keep pace. OPEC nations wanted to take advantage of this increase to provide petrodollars to help fund their government expenditures.

This month an internal squabble between two member countries most notable Saudi Arabia and the United Arab Emirates overproduction quotes has blocked any kind of agreement, thus impacting American consumers at the pump with higher gas prices.

The White House spokesperson said it is urging OPEC and its allies to quickly come up with a compromise “that will allow proposed production increases to move forward.”

President Biden is concerned raising energy prices are already impacting everyday American’s at the pump and they also have a direct effect on increased utility bills and groceries for consumers.

Businesses are also feeling the price squeeze as many, especially small businesses as one Chick-fil-A general manager stated his energy bill is $10,000 a month far higher than it was a year ago or even two years ago.

In the months ahead the U.S. will be transitioning energy production in preparation for the winter months. Many of the battle ground states such as Pennsylvania and other northern states receive heating oil through natural gas and with higher prices could impact Democrats in the 2022 mid-term elections.

It’s ironic that President Biden has pursued policies that have ended the Keystone XL pipeline, halted any new leases on federal land, suspended leases in Alaska’s Arctic National Wildlife Refuge, and is currently expanding endangered-species protections to limit oil production on private land, and utilizing financial institutions such as the Federal Reserve and Security and Exchange Commission to punish the oil and gas sector.

President Biden is doing everything he can to limit or phase out the oil and gas sector and with it millions of well-paying American jobs for his climate agenda. By reducing America’s energy production he is increasingly abdicating greater leverage to OPEC and Russia.

Why would the Biden administration consider Russia a national threat then at the same time give them billions in additional revenue source through oil? He already lifted economic sanctions on Nord Stream II which will deliver energy from Russia directly to Germany.

This at the same time cancelling the Keystone XL pipeline.

If the Biden administration continues its pursuit of renewed nuclear deal with Iran and allows Tehran to avoid sanctions on its oil exports, it will only reward countries hostile to the United States with greater economic revenues and increase prices for American consumers at all levels.

If anyone wants to examine how higher energy costs have impacted an economy look no further than California.  California has pursued its own climate change polices, and the results are higher gas prices for consumers, higher utility bills, a lower standard of living for the middle class and for low income Californian’s.

This is the future for the U.S. if Biden continues his contradictory energy polices.

Since assuming the presidency, President Joe Biden is doing everything he can to reduce oil and gas production in the United States, in order to fight climate change which he and the Democratic Party believe is a national security threat.

As the Biden administration issues executive orders and pursues policies that limit oil and gas production he is now simultaneously urging the Organization of the Petroleum Exporting Countries (OPEC) to increase oil production so that gas prices don’t rise any more than they have in hurting U.S. consumers.

White House Press Secretary Jen Psaki stated, “The president wants Americans to have access to affordable and reliable energy, including at the pump. And so that’s why our team is constantly monitoring gas prices and directly communicating with OPEC parties to get to a deal and allow proposed production increases to move forward.”

This past month oil prices went to a six-year high after OPEC and Russia failed to agree on increasing production quotas. Last year OPEC slashed oil production after prices cratered due to the economic lockdown of the world’s economies as a result of the coronavirus and a price war between Saudi Arabia and Russia.

With the world’s economy surging with the vaccine rollout, and easing of lockdown restrictions, U.S. energy consumption is back to 2019 levels. The current estimate by OPEC is that the world’s industrialized countries will increase oil production by close to 3 million barrels a day to fuel their rapidly expanding economies.

Last month OPEC raised energy production, but unfortunately demand for oil is rebounding faster than supplies can keep pace. OPEC nations wanted to take advantage of this increase to provide petrodollars to help fund their government expenditures.

This month an internal squabble between two member countries most notable Saudi Arabia and the United Arab Emirates overproduction quotes has blocked any kind of agreement, thus impacting American consumers at the pump with higher gas prices.

The White House spokesperson said it is urging OPEC and its allies to quickly come up with a compromise “that will allow proposed production increases to move forward.”

President Biden is concerned raising energy prices are already impacting everyday American’s at the pump and they also have a direct effect on increased utility bills and groceries for consumers.

Businesses are also feeling the price squeeze as many, especially small businesses as one Chick-fil-A general manager stated his energy bill is $10,000 a month far higher than it was a year ago or even two years ago.

In the months ahead the U.S. will be transitioning energy production in preparation for the winter months. Many of the battle ground states such as Pennsylvania and other northern states receive heating oil through natural gas and with higher prices could impact Democrats in the 2022 mid-term elections.

It’s ironic that President Biden has pursued policies that have ended the Keystone XL pipeline, halted any new leases on federal land, suspended leases in Alaska’s Arctic National Wildlife Refuge, and is currently expanding endangered-species protections to limit oil production on private land, and utilizing financial institutions such as the Federal Reserve and Security and Exchange Commission to punish the oil and gas sector.

President Biden is doing everything he can to limit or phase out the oil and gas sector and with it millions of well-paying American jobs for his climate agenda. By reducing America’s energy production he is increasingly abdicating greater leverage to OPEC and Russia.

Why would the Biden administration consider Russia a national threat then at the same time give them billions in additional revenue source through oil? He already lifted economic sanctions on Nord Stream II which will deliver energy from Russia directly to Germany.

This at the same time cancelling the Keystone XL pipeline.

If the Biden administration continues its pursuit of renewed nuclear deal with Iran and allows Tehran to avoid sanctions on its oil exports, it will only reward countries hostile to the United States with greater economic revenues and increase prices for American consumers at all levels.

If anyone wants to examine how higher energy costs have impacted an economy look no further than California.  California has pursued its own climate change polices, and the results are higher gas prices for consumers, higher utility bills, a lower standard of living for the middle class and for low income Californian’s.

This is the future for the U.S. if Biden continues his contradictory energy polices.