7, 2020, were $2.104 per gallon, according to GasBuddy, and rose to $2.408 per gallon on Jan. 26, 2020, as the date when Biden was “installed.” That’s wrong.īiden was declared winner of the Nov. The graphic in the Facebook post misleadingly marks Nov. In addition, Biden has surpassed Trump in issuing drilling permits on public land, the Washington Post reported in January. And cancellation of the Keystone Pipeline didn’t impact production levels, as many Biden critics have alleged. Energy Information Administration.īiden did issue an executive order his first month in office that paused new oil and gas lease sales on government land pending a review, but that order was struck down by a federal judge in June.ĭespite claims to the contrary, oil production was unphased in the U.S. following the order. The amount produced in Biden’s first year exceeds the average daily amount produced under Trump from 2016 to 2018, according to data from the U.S. isn’t one of them.Īmerica produced 11.185 million barrels of crude oil per day in 2021, compared with 11.283 million a year earlier under Trump. There are many factors at play in the steady climb in gas prices since Biden took office, including increased demand after pandemic lockdowns ended, inflation and, now, the war in Ukraine. That’s because the post gets several things wrong. (Read more about our partnership with Facebook.) This post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. but here is an extremely simple breakdown for people with short memories,” read a March 7 Facebook post. A graphic that accompanied the post included data that appears to be credited to the consumer website GasBuddy and showed prices steadily rose after Biden became president. “Everyone here knows gas is high because they shut down production in the U.S. Some on social media have long blamed Biden’s energy policies for rising gas prices - and Russia’s war on Ukraine provided more so-called fuel for the raging fire of online claims. gas prices hit a high on March 8, and President Joe Biden warned Americans they may pay even more at the pump after he banned imports of oil from Russia to punish Russian President Vladimir Putin for the invasion of Ukraine. " Dawn of a New Era in U.S.-Saudi Relations.U.S. " International Energy Outlook 2021, Table A5: World Liquids Consumption by Region, Reference Case,". World Crude Oil Production by Region and Country, Reference Case,". " International Energy Outlook 2021, Table G2. " Why US Shale Production Declines Are Higher Than You Might Think." " How the Saudi Decision to Launch a Price War Is Reshaping the Global Oil Market." " OPEC, Long a Villain in America’s Eyes, Is Now Trying to Flip the Script."įederal Reserve Bank of Dallas. " Gasoline Costs More These Days, But Price Spikes Have a Long History and Happen for a Host of Reasons."ĬNBC. " In Phone Call With French President, Crown Prince Discusses Situation in Ukraine, Impact of Crisis on Energy Markets."
" OPEC+ Seeks Oil Policy Consensus as UAE Demands Changes."īloomberg. Organization of the Petroleum Exporting Countries. " OPEC+ Unity Shaken as Iraq Pushed to Atone for Oil Cheating." " Cheating Behaviour Among OPEC Member-States and Oil Price Fairness and Stability: An Empirical Analysis," pp. " Why Do Some OPEC Members Cheat? The Case of the United Arab Emirates." The Journal of Energy and Development, Vol.
" Download Monthly Oil Market Report - February 2022,". Organization of Petroleum Exporting Countries. " Inside OPEC Room, Naimi Declares Price War on U.S. State Department, Office of the Historian.
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