President Biden’s Latest Oil Directives Lead To Nowhere Very Fast

President Biden’s Latest Oil Directives Lead To Nowhere Very Fast

Millions of American consumers, already struggling with the highest inflation rates in over 30 years, will be hitting the road this Thanksgiving weekend and paying the highest gasoline prices since 2012. They might well ponder on Lewis Carrol's fantastical novel "Through the Looking Glass", when Alice keeps running but remains in the same spot and she tells the Red Queen "Well, in our country you'd generally get to somewhere else—if you run very fast for a long time, as we've been doing." "A slow sort of country!" says the Queen. "Now, here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!" Raiding the US Oil Stockpile In President Biden's America, it seems, oil policy keeps morphing as fast as it can, but with scant achievement. Indeed, it has proved regressive for the country. Energy analysts tracking US oil policy since President Biden's inauguration find themselves deeper and deeper into the absurdities of Alice's Wonderland. The latest in President Biden's approach to soaring fuel prices is to release crude oil from its strategic crude oil reserves. This