Mexican President Andrés Manuel López Obrador (AMLO), in one of his morning press conferences. Photo: Google


Mexican President Andrés Manuel López Obrador (AMLO), in his morning press conference on Monday, June 13, claimed that the price of gasoline is skyrocketing in the United States mainly because the U.S. government has stopped investing in oil due to its preference for electric cars.

“The United States has a serious problem because a gallon of gasoline, on average, now costs $5. Do you know why they are suffering from this crisis in the United States and in other countries? Because those who manage the financial markets and experts have sold the idea — through the media — that oil will no longer be used and that it is already the era of electric cars, and that investment in the oil industry should be stopped,” López Obrador said.

At his morning conference, the president also recalled the words of former National Action Party (PAN) presidential candidate Ricardo Anaya, who criticized AMLO’s decision to build refineries. AMLO played a video clip of Anaya’s statement before commenting.

“Don’t you remember that there was a candidate from the conservative bloc who criticized me for building refineries, asking why I should do that when the future is in electric cars?” he said.

López Obrador indicated that progress must be made in the transition to cleaner energy, but that it would take time.

“But it’s not just here (in the Americas) that’s why there are high gas prices. It’s the result of Russia’s war with Ukraine. Of course, we have to continue to advance and transition to cleaner energy, but these are processes that take time,” AMLO said.

In the same press conference, López Obrador also referred to a Wall Street Journal article that pointed out that his administration “is shifting the country to a 1970s industrial policy” and has resorted to “greater state intervention.”

“According to the translation they did for me (of the article), because I don’t speak English, they referred to me as a ‘populist president.’ This article was in defense of (the Spanish energy company) Iberdrola, and said that we are seeking state control, going back to the 1970s.”

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