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Tipsheet

While Biden Grovels, the UK Ramps Up Domestic Energy Production

(AP Photo/Kirsty Wigglesworth)

This week President Joe Biden suffered another embarrassing blow after OPEC announced a decision to cut oil production just weeks before the 2022 midterm elections. The move was made despite Biden's trip to Saudi Arabia over the summer where he begged for an increase in production. He was ignored. Now, because of Biden's war on domestic oil production and moratoriums on drilling, American energy can't fill the gap and prices at the pump are set to hit new record levels. 

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But while Biden grovels and fails to advance energy polices that benefit the American people, newly minted UK Prime Minister Liz Truss is ramping up domestic production to lower prices and bolster national security. 

Last week Germany finally admitted they are in an "energy war" and that the looming winter could be extremely difficult thanks to self-inflicted reliance on Russian gas

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German's finance minister warned Thursday that Berlin was locked in an "energy war" against Vladimir Putin's Russia as his government announced a major new fund to cap soaring energy prices.

"We find ourselves in an energy war over prosperity and freedom," Finance Minister Christian Lindner told reporters, underlining that the massive shield against energy costs was a "crystal clear answer to Putin that... we are strong economically".

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