Connect with us

World News

Top OPEC Official Blames High Gas Prices On Global Shift To Renewable Energy

Brittany Jordan



The Organization of the Petroleum Exporting Countries (OPEC), the powerful organization that oversees Middle Eastern oil production, blamed high gasoline prices on the shift toward renewable energy worldwide.

“I have talked about a new premium that is emerging in the energy markets that I term the transition premium,” OPEC Secretary General Mohammed Barkindo told CNBC on Tuesday.

Global oil prices have skyrocketed in recent years, tripling in the past year alone, according to CNBC. In the U.S., the average price of gas has surged from $2.18 per gallon one year ago to $3.19 per gallon as of Tuesday, according to data compiled by AAA. (RELATED: 19 States Urge Biden To Reinstate Keystone After Colonial Pipeline Hack Caused Mass Gas Shortages)

Worldwide, nations have introduced sweeping green energy policies in an effort to stem climate change and save the world from environmental disaster. For example, President Joe Biden has made combating climate change a top priority through a series of initiatives and Europe unveiled a “green deal” proposal in July that would cut greenhouse gas emissions 55% by 2030.

President Joe Biden speaks about climate change with the Major Economies Forum on Energy and Climate, on Sept. 17. (Al Drago/Getty Images)

Both the U.S. and Europe have committed to plans that would incentivize electric car production over gasoline-powered vehicle production.

But Barkindo, who has led the organization since 2016, slammed the international movement against fossil fuel and traditional energy sources, CNBC reported.

He said that there has been a “distortion of facts and the science” regarding climate change, according to CNBC. Leaders worldwide have taken an emotional approach crafting climate policies, Barkindo added.

“Climate change and the energy transition are supposed to be guided by the science,” he told CNBC.

“We in OPEC believe (the intergovernmental panel on climate change) are doing a great job, they are producing very very important, seminal reports, but unfortunately these reports are being set aside and the discussions ensuing at the moment, more or less being driven by emotions rather than the great work that this scientific body is producing for all of us,” he continued.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact

Brittany Jordan is an award-winning journalist who reports on breaking news in the U.S. and globally for the Federal Inquirer. Prior to her position at the Federal Inquirer, she was a general assignment features reporter for Newsweek, where she wrote about technology, politics, government news and important global events around the world. Her work has also appeared in the Washington Post, the South Florida Sun-Sentinel, Toronto Star, Frederick News-Post, West Hawaii Today, the Miami Herald, and more. Brittany enjoys food, travel, photography, and hoarding notebooks and journals. Her goal is to do more longform features journalism, narrative writing and documentary work, and to one day write a successful novel and screenplay.

Copyright © 2021 Federal Inquirer. All rights reserved.