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President of the US Oil and Gas Association: The country faces the “toughest energy crisis” in 50 years


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During an interview on “Cavuto Live”, the president of the US Oil and Gas Association, Tim Stewart, said that the United States was going through the “toughest” energy crisis in 50 years and that the administration Biden had “no strategy” to help the United States out of the record. – high gasoline and diesel prices.

NATIONAL AVERAGE GAS PRICE REACHES NEW RECORD AT $4.45 PER GALLON

The Biden administration canceled oil and gas leases in Alaska and the Gulf of Mexico
(RJ Sangosti/MediaNews Group/The Denver Post via Getty Images)

Tim Stewart: Well, it’s too expensive for us to afford it, Neil, and that’s a problem we have. We are going through the most serious, probably the most difficult, energy crisis that we have known for 50 years. As you said, diesel and gasoline prices are at record highs and inventories are at historic lows. And what did the administration do this week? What was their major energy announcement? It was about taking millions of acres of federal leases off the table and potentially trapping billions of barrels in the ground. It’s really frustrating. I mean, this administration has no strategy to help us out. And frankly, any actions they take are counterproductive to those of us trying to address this issue.

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