President Joe Biden came into office with a clear mission to throttle domestic energy production, which critics say has contributed to the increased cost of gasoline and natural gas.
As American consumers feel the pinch each time they fill up their vehicles or pay utility bills, the Biden administration is reportedly begging foreign producers to ramp up their own energy production to make up the difference.
“Not just natural gas prices”
According to the Daily Caller, the president has opted for this approach instead of encouraging more domestic production that would lower prices while helping the United States become more energy independent.
The most recent development came on Thursday when a White House official acknowledged a worsening “energy crisis” in issuing a call for foreign nations to increase production of energy — including those derived from fossil fuels.
“We see this as an energy crisis because this is not just natural gas prices that have been elevated, but crude oil is at very high levels at the moment … and gasoline prices in the United States today are at seven-year highs as natural gas peaks at the same time,” said White House energy adviser Amos Hochstein during a virtual meeting of the International Economic Forum.
Reiterating that there is “an energy crisis,” he signaled the current administration’s position that it is incumbent upon foreign energy producers to help meet the insatiable global demand.
“Some of the solutions that I think you’ll hear the president talk about are similar in both the oil and gas and that is that producers have a responsibility to ensure that oil markets and gas markets are balanced,” Hochstein said.
Biden to address international leaders
The adviser noted that Biden is expected to address these issues in greater detail during an international trip — including a G20 summit in Italy and a climate change summit in Scotland.
The topic of rising gas and energy prices came up during a press gaggle aboard Air Force One on Thursday and national security adviser Jake Sullivan attempted to explain what the president plans to do about the current crisis.
He suggested that discussions with “energy consumers” around the world would prove beneficial, noting that talks with energy producers like Saudi Arabia would take place at the upcoming meetings.
Biden himself was asked to address the issue during a recent CNN town hall event, at which time he appeared to place the blame on insufficient foreign production while ignoring his own role in clamping down on domestic production.
Although he seemed to express uncertainty about what he could do to remedy the situation, plenty of his critics have made it clear that they believe opening up America for energy exploration and production would go a long way toward bringing down costs for everyone.