Fox News contributor and King’s College economics professor Brian Brenberg ripped President Biden after blaming oil companies for high gas prices during his appearance on ABC’s “Jimmy Kimmel Live!” Wednesday.
“The oil companies, instead of everyone else, are saying, ‘Well, Biden won’t let them drill. They have 9,000 drill sites they already own there. They don’t,” Biden told Kimmel. “You know why? Because they make more money without drilling and buying back their own shares.”
“Nobody listens to him at all about it because it’s so obvious,” Brenberg reacted on “Varney & Co.” “All those same oil companies that apparently can’t get together now, boy, they could get together under President Trump, couldn’t they?”
The professor’s comments come as 20 states, including the District of Columbia, hit a minimum average price of $5 for a regular Thursday gallon, according to AAA.
KIMMEL TELLS BIDEN HE’S ‘FRUSTRATED’ DEMS HAVE NOT MADE MORE PROGRESS: ‘IN SOME WAYS WE HAVE RECOVERED’
Brenberg provided an answer to why record prices are hitting Americans now: “Because we had oil and gas flowing everywhere [under Trump]. But Biden – it’s not him! It is not him ! It must be the oil companies and their greed, which they just found out about now.”
The economist raised other signals that Americans are beginning to question whether the president cares about his own credibility.
“Maybe the project has high gas prices, and it just doesn’t care what happens to its credibility,” Brenberg said. “That’s the only way to explain what he keeps doing with it.”
The president also painted a positive picture of current economic conditions in the United States, despite the fact that Americans have faced high inflation for 40 years.
“Here’s where we are,” Biden said. “We have the fastest growing economy in the world. We have created 8.6 million jobs since I took office. The unemployment rate has fallen to 3.6%. We have reduced the deficit last year of $320 billion. This year we will reduce it by $1.7 trillion.”
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
Lorraine Taylor of Fox News contributed to this report.