Biden’s Remedy for High Gasoline Prices: Blame Oil Companies


·         Biden puts industry in cross hairs as gasoline prices rise

·         Industry sees ‘distraction from fundamental market shift’


By Ari Natter and Jennifer Epstein, Bloomberg

November 18, 2021


The Biden administration has a new response to soaring oil and gasoline prices it sees as politically perilous: blaming big oil.


The latest example came Thursday morning when White House Chief of Staff Ronald Klain tweeted a link to an article about decreasing oil prices.


“Oil prices are falling,” Klain said. “Now, when will the industry bring down gas prices????”


And that came just a day after President Joe Biden wrote to the Federal Trade Commission to probe possible illegal conduct in U.S. gasoline markets in a letter in which he expressed concern about the difference between pump prices and the cost of wholesale fuel, while citing what he said was “mounting evidence of anti-consumer behavior by oil and gas companies.”


“I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct,” Biden said in his letter.


And at a briefing last week Press Secretary Jen Psaki twice pointed to “price gouging” as a reason why prices have stayed high even as oil supplies have risen.


The oil industry rejects they are at fault for gasoline prices that have reached a high not seen since 2014, and, in fact, is at least partly blaming the White House...


more, including links, chart



Biden's approval dips to 36 percent in new Quinnipiac poll


By Max Greenwood, The Hill



President Biden’s job approval rating is down to just 36 percent in a new Quinnipiac University poll, signaling trouble for Democrats as they head into 2022.


The president’s current approval rating is down a point from 37 percent last month, according to the poll. Disapproval with his job performance also ticked up slightly to 53 percent from 52 percent in October.


Biden gets his worst reviews on his handling of the economy and foreign policy, with 34 percent and 33 percent approving, respectively. Fifty-nine percent of respondents say they disapprove of his handling of the economy, while 55 percent disapprove of his performance on foreign policy.


Just 37 percent of respondents say the president has good leadership skills, compared to 57 percent who believe he does not. And a slight majority — 51 percent — say they do not believe the president is honest, while 42 percent say he is.


Respondents are divided, 47 percent to 47 percent, on whether they believe Biden cares about average Americans.


When it comes to Biden’s response to the coronavirus pandemic, 45 percent of Americans say they approve of his performance, while 50 percent disapprove. Likewise, 41 percent give him positive marks on climate change compared to 48 percent who disapprove.


The latest numbers from Quinnipiac’s national poll offer a gloomy outlook for Democrats, who are preparing to defend their slim House and Senate majorities in 2022...