This week, the Biden administration sent mixed signals amid the growing crisis of skyrocketing gas and energy prices. Energy Secretary Jennifer Granholm made a public plea for oil companies to increase their production to ease gas prices. At the same time, Biden himself was busy denying that increased domestic capacity would help anything.
Granholm spoke at a large gathering of energy executives in Houston this week, saying that America needs added oil and gas production “right now” to meet increasing demand. She told the oil industry leaders that they need to produce more because “in this moment of crisis, we need more supply.”
Granholm stressed how important added production would be for struggling American families. She said the industry must “responsibly increase short term supply” to stabilize the market and “minimize harm.”
When she was asked what she planned to promote increased domestic energy production last November, she laughed aloud at the question.
Meanwhile, Joe Biden blamed high gas prices on Russian President Vladimir Putin on Tuesday. When asked by a reporter what would happen with gas prices, he said, “They’re going to go up.” Biden added that he “can’t do much right now” and said Russia is responsible.
Biden’s Deputy National Security Advisor Daleep Singh appeared on MSNBC’s “Morning Joe” on Wednesday and said that the Keystone XL pipeline that Biden shut down “has absolutely nothing to do” current market conditions, including oil supply and demand.
Singh said that Keystone is “not an oil field” but is only a pipeline. He said that the pipeline could do nothing to increase oil supply and even if America “drilled as much as we could,” the gas price would not be affected. He said cryptically that oil prices are set “by demand and supply conditions.”
White House Director of the National Economic Council Brian Deese appeared on CNBC and said that “no amount of domestic production” would change the price of a commodity set globally. What passes for an administration economics expert then said that the “only way” to reduce American vulnerability to the “global market” is to shift to “clean energy.”