By John Ubaldi, “Ubaldi Reports”

Challenges confront any president, and President Biden is no different, but unlike past presidents Biden hasn’t faced the difficult question which should be asked of anyone occupying the White House.

As America faces the pain of increased cost on variety of products most importantly on higher food prices as they buy groceries at the grocery store and higher fuel prices as they fill up their vehicles.

Inflation is now at a 40 year high with the Consumer Price Index (CPI) surging to 7.5% in January and Whole Sale Prices rising 9.5% to its highest level not seen since 1982.

Biden continues to push is signature Build Back Better agenda that is currently stalled in the Senate, with two members of his own party failing to support this massive spending plan.

Many budget watch dog groups to include the Congressional Budget Office (CBO) have picked his spending plan to cost between 3-5 trillion dollars an adding upward to $3 trillion to the federal debt.

The question for President Biden, is how would adding an additional $3-5 trillion in additional spending on top of the already allocated $6 trillion in Covid relief allocations with some of it not spent reduce inflation?

The standard economic definition for inflation is too much money chasing too few goods, but how would the infusion of more capital into the economy considering the country is still dealing with severe supply chain disruptions?

Nothing in Biden’s Build Back Better plan addressing either issue of inflation or supply chain disruptions? How this would be accomplished has never been asked of Biden nor addressed by the president!

With the ongoing crisis in Ukraine from Russia’s unprovoked invasion, President Biden has warned that this conflict will impact America’s energy prices, and that he and his administration would do everything in his power to bring down gas prices.

One of the areas Biden has stated that he would begin working on would be to actively engage with foreign energy producers such as Organization of the Petroleum Exporting Countries (OPEC) asking these countries to begin increasing energy production to alleviate the price consumers feel at the pump.

Incidentally, Russia caucuses with OPEC when it comes energy production, and when Biden was inaugurated in January 2021, oil was trade at around $54 a barrel, now it hovers around $100 a barrel.

The question President Biden needs to be asked, is how would you bring down energy prices, when you have done everything to reduce America’s energy independence?

Most don’t want to admit but the previous administration had made America energy independent and a net exporter of various types of energy products.

Currently, energy production in the U.S. is rapidly declining, and the Biden has precipitated that decline by various policy enactments, first beginning with the cancelation of the Keystone XL pipeline, eliminated energy leases on federal lands, substantially increased drilling fee’s on these same public lands.

Then by utilizing the National Environmental Policy Act (NEPA) which is a United States environmental law to place excessive environmental and endangered species regulatory burdens on all energy which virtually means all new pipelines are dead.

A soon as taking office President Biden has nominated all sorts of extreme appointments to various federal agencies who then push there radical environmental policies against oil and gas.

One of these appointments is Sarah Bloom Raskin, whose nomination to the Federal Reserve is on hold by Republican Senate Minority Leader Mitch McConnell over her extreme views. Raskin wants to subvert the Federal Reserve central mission of fighting inflation, instead wants to deny capital bank loans to fossil fuel companies. This would further increase energy prices across the country.

Just this month, Biden’s appointments to the Federal Energy Regulatory Commission (FERC), voted to press climate regulations and red tape on any new natural gas pipeline projects. This virtually ends any new pipelines!

The U.S. Securities and Exchange Commission (SEC) is also pushing investors away from fossil fuels with numerous and burdensome climate disclosures.

Then add in Larry Fink, the CEO of BlackRock, Inc. an American multinational investment management corporation story where he and other massive, indexed funds leaders support progressive polices by forcing investors away from any fossil fuel companies, but they do everything to shift investors to invest in everything China.

Again, how does this reduce fuel prices?