Biden Turns to Foreign Despots — not American Drilling — for Oil
It’s time for America to seize leadership of the world energy markets. Instead, the Biden administration has decided to seek energy aid from some of the world’s worst dictatorships.
This week, as the Russian invasion of Ukraine dragged on, gas prices in America soared to their highest levels since 2008, increasing over 57 cents in just one month. In parts of the United States, gas at the pump costs in excess of $7 per gallon.
The answer to this challenge is obvious: The United States ought to open the drilling floodgates. In 2019, net imports of crude oil and finished products were exceeded by American exports of such products for the first time on record.
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