3 awkward topics for Joe Biden

If Donald Trump were still president, everybody in America would know US oil and natural gas production has surged to record levels.

President Joe Biden seems to hope nobody notices. Biden talks about many things as he tours the country campaigning for reelection: Record job growth during his presidency, laws he signed to promote an infrastructure buildout, more semiconductor manufacturing, and the green energy transition.

Biden even addresses some things that are working against him, especially inflation. He routinely acknowledges there’s more work to do getting prices down, even though inflation has dropped sharply from its 2022 peak.

But a few things that matter a lot to voters don’t make it into Biden’s stump speeches or his social media feeds. These are the three most awkward topics for Biden as he campaigns for reelection.

A gusher of fossil fuel. Biden campaigned in 2020 as a foe of Big Oil and a champion of green energy. As president, he has lived up to that by signing the biggest set of green energy incentives in US history and imposing regulations to further restrict carbon emissions.

At the same time, high gasoline and energy prices have clearly stung Biden. Gas prices have been higher under Biden than they were for most of the time Trump was president, and they hit an average of $5 per gallon in June 2022, the highest level ever in the United States. Biden’s approval rank sank in 2021 and 2022 as gas prices and overall inflation were cresting, and his ratings have never recovered, even though inflation and gas prices are back to manageable levels.

Biden has done a lot to tamp gas prices down: releasing oil from the national reserve, entreating oil-producing nations to produce more, and tacitly easing sanctions on Iran to keep its oil on the global market. At the same time, US producers have drilled more to cash in on high prices, cementing America’s status as the world's largest oil and natural gas producer.

It would be normal for any president to hail American leadership in an industry as crucial as energy and to take some credit for it. But not Biden. He does brag about gas prices when they fall, making sure people notice. But he gives no credit to domestic producers that employ Americans in relatively good-paying jobs and boost the stock market returns of investors with broad-based portfolios.

Most presidents campaigning for reelection, whether liberal or conservative, tack more to the center as the election nears to capture the crucial undecided and independent swing voters that tend to decide elections these days. Biden isn’t doing that on energy because climate activists are a key part of his base. The risk isn’t that those voters would flip and vote for Trump, whose policy on energy is “drill, baby drill.” It’s that they’ll lose enthusiasm for Biden and stay home, depressing his turnout.