Joe Biden’s former boss warned he would take a wrecking ball to the fossil fuel industry. In 2015, Barack Obama rejected the Keystone XL Pipeline.
In March 2017, President Trump announced that he would reverse Obama’s reckless decision to reject the Keystone XL pipeline. Trump explained that his approval of the Keystone XL pipeline would “lower costs for American families, reduce our dependence on foreign energy and create thousands of jobs for Americans.”
President Trump worked tirelessly to rebuild the industry his predecessor destroyed. By the end of his first term in office, gas prices were below $2/gal on average and for the first time in American history, we were energy independent.
Conservative Hollywood actor Kevin Sorbo tweeted about the rising gas prices under Joe Biden, saying: “Gas prices are shooting up faster than the Biden vote count at 2 AM”
Reuters – White House asks U.S. oil-and-gas companies to help lower fuel costs -sources
Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In the United States, the average retail cost of a gallon of gas is at a seven-year high, and winter fuel costs are expected to surge, according to the U.S. Energy Department. Oil-and-gas production remains below the nation’s peak reached in 2019.
The talks with energy companies touched on several issues, including prices, according to a third person familiar with the discussions. The administration has been in discussions with the oil industry over limiting methane emissions in recent months.
“We are closely monitoring the cost of oil and the cost of gas Americans are paying at the pump. And we are using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets,” a White House official said.
U.S. crude oil recently hit $80 a barrel for the first time in seven years, as the Organization of the Petroleum Exporting Countries and their allies known as OPEC+ restrict output. The White House has discussed rising prices with top OPEC producer Saudi Arabia in recent weeks.