I woke up screaming. The stock market is way down and it’s been going down sharply lately. It’s going down because people anticipate more inflation, mostly from rising oil prices, and this will move us towards recession — possibly. Meanwhile, we are begging governments that hate us, like Iran and Venezuela, to sell us their oil, even if it means allowing Iran to have nuclear weapons.
Now, why do we have an oil shortage? Because Mr. Biden, upon taking office, immediately shut down major domestic sources of oil, especially certain pipelines and squeezing oil out of rock, namely “fracking.”
This was the single stupidest domestic policy maneuver in U.S. history, besides allowing the banks to fail in the Great Depression. If we had continued fracking, we would have been the world’s largest oil producer and exporter. But because a group of dopey fake environmentalists pressured a dopey fake president, Joe Biden, to stop fracking — for NO GOOD REASON — we now have to beg our worst enemies for oil. Our consumers are gouged at the pump, and we may well be sliding into a recession.
There never was a real reason for banning fracking and now we are paying a terrible price.
Please, Mr. Biden, please voters, let’s restore some good sense to America, open the pipeline, open fracking, and let us breathe.