Happy Nice Mall

None of this loosens the political vice that the White House is in. JP Morgan bank predicted that oil prices will fall. can bounce more than 30 percent – up to $185 per barrel – ban or ban if buyers continue to avoid Russian oil. And Republicans are unlikely to give Biden a break if and whenever that happens.

Populists: Go after the oil companies

Politically, high oil prices are a nightmare. They make it harder for Democrats to improve their handling of the economy because they need to soften any economic bragging. rapid growth in jobs and GDP under their watch with expressions of concern for the real distress many Americans feel.

Climate hawks offer a way out of this bottleneck: Democrats should brand themselves as the party of the future, not the past, they say. This means embracing new technologies like electric vehicles without apology, while portraying oil as yesterday’s energy solution.

“Votees should say, ‘Plug in, baby, plug in’ instead of ‘Branch, baby, drill,'” Markey said.

And he refuses the advice some experts They offered Biden: A Jimmy Carter-like call for national sacrifice in times of crisis abroad.

“We are not calling for sacrifices; We call for innovation.”

Tom Matzzie, former Washington campaign director for MoveOn.org, runs a company that builds solar farmsHe suggested that Biden go after the oil companies, stressed his ties to Russia, and explored the “war profiteering” they could do.

“They’re trying to take advantage of the situation in Ukraine and pretend they have a solution,” Matzzie said. calling Biden to repeal a moratorium on drilling on federal land.

Others worry that high oil prices will push Americans to adopt fossil fuels as soon as they need to get away from them as quickly as possible. Faced with the prospect of a disastrous midterm, Democrats may follow suit.