In some countries, the responsibility of the president and his administration is thought to be rather limited. However, things are different in the US.
Georgia's Attorney General Christopher Carr said the White House administration was responsible for destabilizing US energy security. Carr addressed the secretary of state, the interior minister, and the energy minister on the situation of high fuel prices and inflation. He accused US President Joe Biden of creating the crisis. Carr said that instead of admitting that his climate agenda was destabilizing the country's energy security, the president would rather blame rising petrol prices on Russia, the coronavirus pandemic, and even the oil companies.
Georgia Attorney General recalled that Biden had canceled the Keystone XL pipeline, a critical infrastructure facility, limiting oil and gas production, and had announced a ban on Russian liquefied natural gas supplies. “Temporary measures will not solve the problem, and that is why I am calling on the Biden administration to immediately increase and incentivize domestic energy production and to insulate consumers from times of volatile gas prices today and beyond,” Carr said.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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