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Abbott Says Texas Can Bring Down Oil Prices, Not OPEC
Texas Republican Governor Greg Abbott said that Texas can help reduce oil prices. However, President Joe Biden’s administration needs to “just stay out of the way” so that the US can achieve that goal. A known proponent of clean energy, Biden is keen on shifting away from fossil fuel dependency.
However, the recent appeal to OPEC+ to increase oil output to reduce prices means that the US remains heavily dependent on oil products for its industries.
RELATED: Oil Prices Up as Trump Says OPEC+ Should Double Cuts
‘Don’t Make Us Dependent On Foreign Sources’
Abbott questioned the federal government’s preference to depend on foreign sources of oil when states like Texas have more than enough. As a result, Abbott posted a short open letter to the White House on Twitter Wednesday.
He wrote that Texas can help bring down oil prices by increasing its domestic oil production. “Texas can do this. Our producers can easily produce that oil if your Administration will just stay out of the way.”
In telling Biden to stay out of the way, Abbott made a reference to an earlier Biden remark. The president chided Abbott and Florida governor Ron DeSantis to “stay out of the way” as the federal government works on halting the spread of COVID-19. Abbott also called on the Biden administration to allow American workers, and not OPEC, to “Don’t make us dependent on foreign sources of energy,” Abbott added.
White House Called On OPEC to Increase Production
Abbott’s tweet came after National Security Adviser Jake Sullivan called on OPEC to increase its oil output. “While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022.
At a critical moment in the global recovery, this is simply not enough,” Sullivan said. “We are engaging with relevant OPEC+ members on the importance of competitive markets in setting oil prices. Competitive energy markets will ensure reliable and stable energy supplies, and OPEC+ must do more to support the recovery,” he added.
Meanwhile, Abbott found it ironic that Biden wanted more oil when he was instrumental in limiting US output. While there are no executive orders pausing domestic drilling, Biden did make moves that put the US oil industry at a disadvantage.
This included ordering the cancellation of the Keystone XL Pipeline. He also ordered a moratorium on new oil drilling leases on all federal land and water.
Replacing Fossil Fuel Subsidies With Clean Energy
In addition, Biden unveiled a “Made in America” tax plan. This features the replacement of federal fossil fuel subsidies with clean energy incentives. He explained that “provisions of the tax code shift our energy production away from cleaner alternatives, undermining long-term energy independence and the fight against climate change.
Subsidized fossil fuels have also negatively impacted air and water quality in U.S. communities—especially in communities of color.”
Watch the Bloomberg Markets and Finance video reporting that the US asks OPEC+ to pump more oil:
Loading ...Do you agree that if the US wants lower oil prices, it should source domestically? Also, do you think that Texas can provide all of America's oil requirements?
Let us know what you think about fossil fuel dependence. Share your comments below.
16 Comments
When President Trump was in office we were the #1 oil producing nation in the world Now Biden being directed by his handlers to break the countries small businesses and force the big box stores and have them charge enough that they get their’s and charge the people what they tell them Digital money where they can track every penny you use you digital money It tells where when and how much So how do you buy fruit from a street vendor These demwits are evil Pelosi is trying to fix all of the elections All of these cheaters are all going to hell God will judge them and if they only hurt 1 or 2 people but it hurts us all You will have to have a 100 dollars for a loaf of bread and Biden doesn’t even know where he is at We have no leadership If you want to call these moronic blood thirsty low lifes
Let’s make Bidens airforce 1 solar powered and see what happens
I’d love to see Biden get on an solar powered plane during a thunderstorm.
Power and control corrupt. And we are seeing that in action. They are all about the destruction of America – a land they love to hate. Overcome by individual greed with no respect or concern for their fellow citizens. Clean energy should be a worldwide proposition, not just America as that does no good for the rest of the world that continues to pollute the air. It only further drives our citizens closer to being the subservient pawns of the few. It’s past time for the sheeple to wake up and be counted, not just willingly plod along toward the edge of the cliff.
GREED. Pray for these people. They either don’t believe in God and eternity or have been corrupted by money. Too little too late at the Gate. You don’t need money to go to Heaven.
I remember when (Oops, just last year) when the US was oil-independent. Something must have happened to change that.
No kidding…one solar eclipse and Air Force 1 will be in the hanger!
This FRAUD in the White House has done more damage in 6 mos. by shutting down a major industry and forcing the loss of thousands of jobs while bending over to PAY foreign oil companies when we have our own oil. This action has also affected all that is necessary to this country by killing jobs and making the citizens have to pay higher prices to live and companies to operate. THIS SHOULD NEVER HAVE HAPPENED! But greedy money hungry control freaks are DESTROYING this nation and the lives of its CITIZENS.
Go back to the Trump policies what I really mean is go back to Trump.Its a sad thing when in America the Presidential election is rigged by the Dems and their communist democratic cohorts and put a complete retard in office so they can try and rule the WORLD.SAD , sad , may GODS people overcome these tyrants!!!
The whole Democratic party needs to go. The Republican U.S.A. that would be great.
BIDET NEEDS to just STAY OUTTA THA WAY OF EVERYTHING AMERICAN!
Go back to his basement & lose the rest of his mind & die, as far as I care! i cannot even see his face without getting irately pissed off!!!
Take “THA P[IG”-losi & KLAMIDIA with you BLO JOE & make it a mind losing party of half baked FOOLS!!
I am sure HUNTER can get you hooked up with some METH & COKE & EVEN UNDERAGE LIL GIRLS OR HOOKERS!
That is my feelings for that AMERICAN TRAITOR!
Biden is the anti-christ…Biden is a Marxist. He doesn’t care about the majority of the people therefore he will so what is in his best-interest. We need to keep producing goods in the U.S.
Do ya think Burisma just might get something outta this?
this is for all the people that voted for BIDEN is this what you wanted
I say this if America can produce everything we need to sustain ourselves. Then lets do it, Americans need jobs, this can and will do this. If our current political party is to blame then lets get them out of there.
I feel also that if Texas can produce enough oil to keep America going at a lesser cost. Then What the Hell is Pres. Biden’s problem, we can’t and Shouldn’t go all green that sucks cause for me I do not wish to be driving an electrical car for MANY reasons.
It’s impossible to find something good to say about our Communist Democrats Congress and their traitorous leaders, if America could rid itself of these Democrats, Pelosi,Schumer,Schiff, Waters,Harris,Nadler,Clinton’s, Obamas,Gates,Sores, Fauci’s and our False administration,the Biden administration and put the real elected President back in office, America would see a fast turn around, and it would take a little time, but Trump would make MAGA. Once Again with a Real Leader. Not a cellar dweller.