We are in the middle of a mass-propaganda campaign to deny the obvious fact that Joe Biden and other anti-oil politicians have unnecessarily driven up oil and gasoline prices by reducing the *supply* of oil through massive restrictions on oil production and transport.
THREAD
THREAD
President Biden and other anti-oil politicians around the world are in a bind: they want the *prestige* that comes with their decades of restricting the production and transport of oil, but they do not want the *results*: voters angry about rising oil and gasoline prices.
Since November 2020, crude oil spot prices have doubled--rising from about $40/barrel to over $80/barrel and the avg price for regular gasoline has risen from $2.10/gallon to $3.30/gallon. These skyrocketing prices are contributing to low Presidential approval ratings. 
The cause of unnecessarily high oil prices is simple:
1. Anti-oil politicians around the world artificially restricted the *supply* of oil with massive restrictions/threats.
2. These restrictions prevented supply from keeping up with demand.
1. Anti-oil politicians around the world artificially restricted the *supply* of oil with massive restrictions/threats.
2. These restrictions prevented supply from keeping up with demand.
https://twitter.com/AlexEpstein/status/1465761164734853121
Instead of leveling with voters and admitting "Of course my decades of supporting restrictions on oil production has led to higher prices, and things will get much worse with the restrictions I have planned," anti-oil politicians are denying any responsibility for rising prices!
Joe Biden: "My effort to combat climate change is not raising the price of gas."
Absurd. How can his "effort to combat climate change"--which has largely consisted of restricting oil production in the US and pressuring countries and companies to do the same--not raise prices?
Absurd. How can his "effort to combat climate change"--which has largely consisted of restricting oil production in the US and pressuring countries and companies to do the same--not raise prices?
Energy Secretary Jennifer Granholm says, “As we come out of an unprecedented global economic shutdown, oil supply has not kept up with demand”—but she totally evades the main reason why: restrictions and threats by anti-oil governments such as hers.
https://twitter.com/AlexEpstein/status/1465761164734853121
Fatih Birol, head of the International Energy Agency:
“The current situation on the energy market has nothing to do with the clean energy transition.”
Really, it has nothing to do with Birol’s/IEA’s last decade of efforts to reduce the production of oil, coal, and natural gas?
“The current situation on the energy market has nothing to do with the clean energy transition.”
Really, it has nothing to do with Birol’s/IEA’s last decade of efforts to reduce the production of oil, coal, and natural gas?
The Center for American Progress: “Fossil fuels are driving up consumer energy costs…These rising costs are yet another great reason to invest in clean energy now.”
But the fuels are unnecessarily expensive because of restrictions and threats supported by CAP!
But the fuels are unnecessarily expensive because of restrictions and threats supported by CAP!
The propaganda campaign to deny anti-fossil fuel politicians’ responsibility for today’s high gasoline prices is dangerous, because it is allowing them to get away with supporting far worse policies in the future—with “Build Back Better” being the worst.
https://twitter.com/AlexEpstein/status/1465762475782008833
To counter the dangerous denial of anti-oil politicians’ responsibility for today’s gasoline prices, share this thread that explains the whole issue.
https://twitter.com/AlexEpstein/status/1465761164734853121
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