The president's ‘Putin's price hike' line is as organic as a strawberry jolly rancher.
On March 8th President Joe Biden announced that the United States would stop buying Russian oil amid the war in Ukraine.
In his prepared remarks he warned Americans this action could raise gas prices, saying, “I’m going to do everything I can to minimize Putin’s price hike here at home.” No sooner was it said than it became a cynical hashtag talking point for his floundering presidency. Now we hear it everywhere.
On a very basic and human level it has been disgraceful to watch Biden and his cronies so obviously use the tragic suffering of the Ukrainian people for his own political gain.
Biden is draping his own failure, his own very conscious and stated choice to crush domestic energy production with the Ukrainian flag. But it's actually much worse than that.
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China just launched a hypersonic nuclear missile around the world.
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Poll after poll shows that Americans, on a bipartisan basis, overwhelmingly support Ukraine in this conflict, even if there are differences in what form that support should take. Joe Biden has chosen to throw a hand grenade of domestic partisanship into the middle of that unity.
At a time when Americans should be focused on the war, and what it means for our nation’s evolving role in world affairs, Biden is scoring ugly, cheap, political points. Biden is badly misreading the political moment. He has seen an approval poll bump of about 2 points since the invasion.
That is remarkably modest for a president at a time when the nation may be on the brink of war. There is a reason that unlike during past crises, like the first Gulf War or 9/11, the country is not rallying behind him. It's because he is choosing to make it political.
Presidents typically get a bounce from international conflict involving the United States precisely because in those moments they are seen to be above partisan politics.
But for the American left absolutely nothing is above partisan politics. That is how you get an amazing article in the Atlantic opining about how nuclear war would be bad for the environment.
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If you feel like there's something strange about the conflict in Ukraine… You are not alone. On the surface, there are many things about it just don't make sense.
I spoke with eminent investment analyst Jeff Brown, who explained why everything may not be as it seems. In this quick interview Brown explains exactly what it all means.
Biden is badly misreading the political moment.
We are all adults. We all get that politicians try to use events, even tragic ones, to their political advantage. But they don’t have to be jerks about it.
The plastic phrase “Putin’s price hike” is about as organic as a strawberry Jolly Rancher. Its main purpose is to paint those who question Biden’s disastrous energy policies as insufficiently patriotic.
President Joe Biden (Reuters)
Like every other bit of amateurish stagecraft this administration engages in, including a fake White House set in which Biden plays at being president, Americans see right through this. Flames of war are licking at Europe and our president is doing a “bit.”
Americans have shown through myriad polls that they are willing to make a financial sacrifice at the pump to help the people of Ukraine. Had Biden left it at that, he probably would have accrued some benefit as a president guiding us through a crisis.
But once again, he made it about himself, he made it about excuses, and unlike $4.00 a gallon gas, the American people are not buying it.
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Russia continues its attack Ukraine.
Stocks are plummeting as a result.
But oil stocks – including this Texas oil player – could skyrocket.
The shutdown of a major energy pipeline to deter Russia… limited production capacity by OPEC… and Biden's determination to rely on alternative energy in 2022 are adding up to one thing.
A historic shock in oil prices is coming.
Biden says, “I want to limit the pain the American people are feeling at the gas pump.” But a war in Ukraine would be Kuwait 1990 all over again.
So how to play it?
Don't buy Chevron (CVX) or ExxonMobil (XOM).
Instead, we just published the full details on a small Texas-based oil company that could hand you gains of 100% or more as the oil crisis escalates.
But this story is moving quickly.
Even as I write, Biden is announcing new sanctions.
So be sure to position yourself now, BEFORE Russia's next move.
