ABC Blames Oil Companies for High Prices, CBS Hypes Dem Tax Idea

On Tuesday, President Biden enacted yet another policy that’s set to send American oil and gas prices to historic and harmful levels for American families. This is his fault, no matter what Biden or his friends in liberal media say. But ABC’s World News Tonight answered the White House’s call for aid as they took toed the administration’s line of blaming gas companies. Und Des des De all de und out distract them Du Deal asociat du proced get CBS Evening News only highlighted a “Democratic” solution.

“In the meantime, gas prices already the highest in U.S. history. Tonight’s national average is $4.23 per gallon. That’s up 59 cents in a week,” announced ABC anchor David Muir at the top of the segment. He also praised Biden’s performance. “warning … American energy companies about not taking advantage of American families at the pump.”

In the report, business and economics correspondent Rebecca Jarvis noted the “critics who say the U.S. should produce more oil and gas domestically” but parroted the misleading White House line that oil companies need “to start drilling with the permits they already have.”

As the graph shows below, oil prices have been rising under Biden since his election. This clearly shows that the problem is much bigger than oil companies not drilling. It is well-known that pipelines have been shut off by the Biden administration, making it difficult for oil companies to extract the crude from the ground.

But that didn’t stop Jarvis from touting how Biden “warned them not to take advantage of the moment.”

If the argument is that oil companies are “profiteering and price gouging” during a crisis, and prices have been rising Biden’s entire time in office, is that a tacit admission that the Biden presidency has been one long crisis for America?

Meanwhile, on CBS, senior White House correspondent Ed O’Keefe was reporting on how “President Biden’s decision to target Russia’s energy sector is designed to deprive Russian President Vladimir Putin of around $100 million in daily revenue.”

But instead of listening to largely Republican calls for increased domestic oil production which would lead to prices going back to what they were during the Trump administration, O’Keefe was busy hyping a Democratic plan to knock a few cents off of gallon:

Concerning the rising gas prices, six Democratic governors today called on Congress to repeal the existing 18 cent federal gas tax. Although the White House doesn’t endorse the idea, it has stated that all options are available.

It could help in the short term, but not if Biden’s policies continue.

In contrast, after chief White House correspondent Peter Alexander noted Biden was under “bipartisan pressure” to ban Russian oil, NBC Nightly News specifically highlighted the Republican Party’s criticism and solution to runaway gas prices:

ALEXANDER

SEN. JOHN CORNYN (R–TX): This is the result of an inefficient energy policy. [Transition] We’re seeing a huge spike in prices even before the invasion of Ukraine.

NEW CHART: Gas prices rose immediately after 2020 elections, contrary to the media portrayal. This was well before the invasion in Ukraine. https://t.co/Iew2zhjMqk pic.twitter.com/g9xdBbkyrW

— Jorge Bonilla (@BonillaJL) March 8, 2022

This defense of President Biden’s disastrous energy policy was made possible because of lucrative sponsorships from Vicks on ABC and Liberty Mutual on CBS. The following links provide their contact information.

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ABC’s World News Tonight
March 8, 2022
Eastern, 6:41:22

DAVIDMUIR: In between, gasoline prices have been the most expensive in U.S. History. Tonight’s national average is $4.23 per gallon. It’s an increase of 59c per week.

Is this really where it all is going? Tonight, President Biden issued a warning to American energy firms about not exploiting American families at pump. This is Rebecca Jarvis, our chief economist and business correspondent tonight.

(…)

REBECCA JARVIS – Today’s President is aware that critics say the U.S. should be producing more oil and natural gas domestically. He urged energy companies to begin drilling using the permits they have. They were warned not to use the opportunity.

JOE BIDEN, THE PRESIDENT: Russia’s aggression is costing all of us and there’s no room for profiteering nor price gouging. I want to be clear about what we’ll not tolerate.

JARVIS – Experts expect prices to rise in the coming months.

(…)

JARVIS – David: The latest Quinnipiac Poll shows that 71% support the ban on Russian oil. Even if this means more expensive fuel at the pumps. This is something that I have heard drivers say today. They said they feel stretched and hope for some relief.

CBS Evening News
March 8, 2022
Eastern at 6:36 p.m.

NORAH O’DONNELL: Well, now to that major pivot today by President Biden after refusing to ban Russian oil, gas, and other fuels, the President today did just that, acknowledging that inflicting economic punishment on Russia will drive up already record-high prices here in the U.S. We get more now from CBS’s Ed O’Keefe.

[Cuts to video]

JOE BIDDEN, PRESIDENT: All imports of Russian oil, gas, and energy are prohibited.

ED O’KEEFE: President Biden’s decision to target Russia’s energy sector is designed to deprive Russian President Vladimir Putin of around $100 million in daily revenue.

BIDEN – This will mean that Russian oil is no longer acceptable in U.S. port ports, and the American people are going to deal another devastating blow against Putin’s war machine.

O’KEEFE: The move follows days of growing pressure to take action as the Russian military atrocities mount, but it comes with a steep price.

BIDEN: The war against Putin is already affecting American families at gas pumps.

O’KEEFE: Today, the national average hit $4.17 a gallon, a record high. Prices jumped at least 15% overnight in four states.

(…)

[Cuts back to live]

O’KEEFE: As for soaring gas prices, six Democratic governors tonight are calling on Congress to suspend the 18-cent federal gas tax until the end of the year. Although the White House doesn’t endorse the idea, it has stated that all options are available.

NBC Nightly News
March 8, 2022
Eastern, 7:05:14

LESTER HOLT – After many days of pressure President Biden has announced that all Russian oil imports will be blocked by the U.S. today, warning that it may cause gas prices in the US to soar. Peter Alexander, White House.

[Cuts to video]

PETER ALEXANDER – Tonight President Biden strikes at the heart Vladimir Putin’s economy by announcing that all Russian oil will be banned.

PRESIDENT JOWBIDEN: Our government will not contribute to the subsidization of Putin’s war.

ALEXANDER – Russian oil and gas production is responsible for 40% of its revenue.  

BIDNE – The American people will face another devastating blow from Putin’s warmachine

ALEXANDER: It’s a major shift for the President, who for weeks deliberately avoided sanctioning Russian oil to keep U.S. gas prices lower.

(…)

ALEXANDER. President Biden took today’s decision in response to pressure from bipartisans for a ban.

(…)

ALEXANDER

SEN. JOHN CORNYN (R–TX): This is the result of an inefficient energy policy. [Transition] We’re seeing a huge spike in prices even before the invasion of Ukraine.

(…)