Biden's policies are destroying America, making energy belong to Russia and Iran

America and Russia May 26, 2024 09:02

(Baonghean.vn) - Fox Business believes that US President Joe Biden's energy policy will not only lead to inflation in the US, but also lead to the success of Washington's opponents. While Russia and Iran support the conflict with oil money, Mr. Biden burns up US oil reserves.

160456-gia-dau-tai-my-giam-xuong-muc-thap-nhat-trong-5-thang.jpg
An oil refinery in California, USA. Photo: AFP/TTXVN

According to RT on May 26, in a talk show on Fox Business, North Dakota Governor Doug Burgum said that the US will not be able to completely control inflation as long as oil prices remain at $80/barrel. During the years of his predecessor Donald Trump's term, oil prices fluctuated between $40 and $60.

Dakota is a major oil and gas producing state in the United States.

According to Governor Burgum, one of the reasons former President Trump brought inflation below 2% during his four years in office was energy. Energy permeates the entire US economy.

"Energy is the foundation of every product and we have high energy prices. They kill American jobs by giving them to other countries," said Governor Burgham.

In addition to the inflationary aspect of President Biden's energy policy, there is another factor: two wars, according to Mr. Burgham.

"The United States is waging two proxy wars, one with Russia and one with Iran. And these adversaries fund their military operations with oil revenues. Biden's energy policies have benefited America's adversaries, crippling the U.S. energy industry, leading to domestic inflation and allowing Biden to once again drain the Strategic Petroleum Reserve. At the same time, China is increasing its gold reserves to a record level," the Dakota Governor analyzed.

According to Mr. Burgham, President Biden has turned the Strategic Petroleum Reserve into "his personal political oil reserve." Governor Dakota said that President Biden spent half of the strategic oil reserve before the midterm elections. Accordingly, Mr. Biden spent 1 million barrels/day in 180 days trying to lower prices, while government agencies tried to "destroy the American energy industry"./.

According to RT
Copy Link

Featured Nghe An Newspaper

Latest

x
Biden's policies are destroying America, making energy belong to Russia and Iran
POWERED BYONECMS- A PRODUCT OFNEKO