President Biden Considering Trip to Saudi Arabia to Discuss Increased Oil Production as Gas Prices Soar
By Space Coast Daily // March 7, 2022
Drill Baby Drill
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(FOX BUSINESS) – President Biden may be exploring additional options for oil with a possible trip to Saudi Arabia in the coming months, a new report said.
According to Axios, the president’s advisers are considering the trip as a way to mend fences with the Islamic nation and get them to produce more oil to offset the loss that would come should the U.S. ban the purchase of oil from Russia.
The meeting would come at a time when Americans are hurting due to inflation, which has been particularly noticeable at the gas pump, with prices climbing higher and higher. Biden spent much of last year citing the need to move away from fossil fuels because climate change was the “greatest threat” to the country, and one of his first acts was to shut down the Keystone XL oil pipeline.
Now critics are slamming him by pointing to current events as evidence that energy independence is essential. When the U.S. boasted sanctions against Russia last month, the Treasury Department made clear that the blocking of transactions included a carve-out that allowed energy-related purchases. The administration is leaving the possibility of closing that loophole as an option.
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