by Warren Beatty
American Thinker
For the appeaser-in-chief, lower gasoline prices are becoming politically expensive.
Joe Biden finds himself, as a “political and world leader,” between a rock and a hard place when it comes to rising gasoline prices, despite record U.S. oil output and his raiding of the Strategic Oil Reserve (SRO). The scale of Biden’s SRO releases, roughly 200 million barrels, dwarfed those of his predecessors, sending stores in the reserves to their lowest levels since the 1980s. Pressure by Congress is building to actually enforce sanctions against Russia, Iran, and Venezuela.
If (and this is a big “if”) Biden does enforce existing sanctions, prices will increase. That’s bad politically. A YouGov and Economist March poll suggests that inflation is the most important issue to voters, with 24% of them considering it their top priority.