(ReclaimingAmerica.net) – Just as the first of two arctic cold blasts and accompanying snowstorms are set to hammer the Rocky Mountain states this week, the price of crude oil – and therefore the price hardworking Americans are paying for gasoline and heating oil – continues to skyrocket to new records on an almost daily basis.
In fact, as this post was being published on Tuesday morning, CNBC was reporting that the price of crude oil was closing in on $84 a barrel – four dollars higher than even earlier reports by National Review and other publications tracking the troubled global energy market.
Troubling for consumers who have to dig deeper in their pockets to pay to keep their cars running and their homes warm. But, not troubling for the Organization of the Petroleum Exporting Countries (OPEC) and the companies that work with OPEC who are banking record profits.
For example, the price for a barrel of Brent Crude oil has risen more than 60% since the start of this year, and every American who has gone to the gas pump in recent weeks has stared at the price on the pump in disbelief as the price has risen to levels not seen since the Obama administration – seven years ago.
As demand for energy continues to skyrocket due to the post-COVID recovery, U.S. oil prices have hit $80-a-barrel for the first time in nearly seven years. | by @carolinedowney_ https://t.co/Bo1l6DUcVq
— National Review (@NRO) October 12, 2021
While it is true that the OPEC countries are coordinating to keep the price of oil and gas at record high levels, Americans who are bearing the cost and the pain want to know what their government is doing to exert pressure on OPEC to lower prices.
And, Americans want to know why the Biden administration isn’t doing everything possible to increase domestic oil and natural gas production here in the United States instead of focusing on windmills and solar panels – energy production methods that won’t do anything to alleviate the immediate crisis.
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