Supply Chain Council of European Union | Scceu.org
Supply Chain Risk

Biden’s Blame Game Will Raise Oil Prices

Instead of taking steps to boost U.S. oil and gas production amid skyrocketing prices and the war in Ukraine, President Biden is standing by his green-energy goals and blaming fossil-fuel companies for the consequences. This will make today’s energy problems even worse.

Though he campaigned on a promise to ban drilling on federal lands and waters, Mr. Biden’s administration now says oil companies aren’t drilling enough. Instead of “doing their part,” the president claims, too many U.S. fossil-fuel companies are “choosing to make extraordinary profits and without making additional investment with supply.”

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