The price of oil surged to $75 a barrel the other day under President Joe Biden’s green energy policies. The price was as low as $35 a barrel under former President Donald Trump because he believed in American energy dominance (“Drill, baby, drill”). So, more oil meant lower prices at the pump. It was effectively a massive, multibillion-dollar tax cut for lower- and middle-income earners of tens of billions of dollars a year.
But now, with the exploding demand for energy as the world economy reopens, the self-defeating Biden policy is to curtail oil drilling here at home, which is […]
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