Biden has hurt the gas production industry in America, by closing the Keystone pipeline, etc., and now gas prices are double. He is now taking our reserves and sending them to Europe and China.
Oil from U.S. reserves sent overseas as gasoline prices stay high
July 3 (Reuters) - Amazon.com Inc founder Jeff Bezos renewed his spat with the White House over the weekend, as the world's third-richest person criticized President Joe Biden for calling on companies running gasoline stations to lower their prices.
In a tweet on Saturday, Biden said, "this is a time of war and global peril," and demanded the companies lower gasoline prices, which have soared to about $5 a gallon in many parts of the country.
"Bring down the price you are charging at the pump to reflect the cost you're paying for the product. And do it now," the president said.
Bezos soon after wrote on Twitter: "Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It's either straight ahead misdirection or a deep misunderstanding of basic market dynamics."
On Sunday, White House press secretary Karine Jean-Pierre rejected the criticism from Bezos, arguing that oil prices had dropped by about $15 a barrel in the past month while prices at the pump had "barely" fallen.
Read more:
https://www.reuters.com/world/us/bi...nflation-before-november-midterms-2022-05-16/