Joe Biden is desperately trying to blame Vladimir Putin for the skyrocketing price of gasoline, but at the same time he is trying to avoid talking about how domestic drilling permits are plummeting under his regime just as America needs cheaper oil.
According to government data, the number of new oil permits being doled out to drillers has plunged as Biden enters his second year in the White House. And American oil producers say that Biden’s policies are hampering the industry’s ability to fill America’s tanks in even more ways than a dearth of drilling permits.
Gas prices began rising months ago, long before the war in Ukraine. The price of gas is now nearly double per gallon what it was when Biden took office in 2020.
And now, with the war in Ukraine, even more pressure has come to bear on the international oil industry. But Biden is trying to make political hay out of Putin’s attack on Ukraine by calling the sharp increase “Putin’s price hike.” Oil producers, though, place the blame squarely on Biden, not Putin.
In an attempt to avoid blame, the Biden administration has pushed back on alarm over the plunging number of permits being filed for U.S. producers to begin drilling, laying the blame on the industry itself.