Washington Examiner commentary writer Tiana Lowe weighs in on the Biden administration’s response to sky-high oil prices.
It's frankly concerning that the priority right now from this White House isn't energy independence or at the very least, trying to get away from the chokehold of OPEC plus. I mean, just think of fewer than two years ago, oil futures went negative. And mind you, that was in large part because of the COVID demand shock. But still, you know, Joe Biden let our drilling permits on federal land expire. He's currently challenging the restoration of those permits in federal court.
And even still, we are importing this much oil from Russia in the year 2021, the IEA documented more barrels of Russian oil and petroleum imported into the US than ever before. Russian oil still creates 7% of all of our imports, with no sign of that stopping.
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