Here’s Joe today
1. that's gross, not net
2. you won't allow them to expand supply
3 there isn't the refining capacity even if there was more oil, thanks to Democrat policies— William Teach2 ??????? #refuseresist (@WTeach2) November 7, 2022
Here’s also Joe
Joe Biden Promises Climate Activist at Rally in New York: ‘No More Drilling’
President Joe Biden told a climate activist on Sunday he would not allow any new drilling in the United States, just days after he complained that oil companies are not drilling enough.
“No more drilling. There is no more drilling,” Biden said, speaking to a climate activist as he finished up a rally in New York for Gov. Kathy Hochul (D-NY). “I haven’t formed any new drilling.”
A young woman standing front and center held up a sign protesting Biden for allowing drilling on federal lands.
There’s video at the link. Friday Joe flew from California to Chicago. Saturday from Chicago to Philly, then to Delaware. Sunday from Delaware to NY, then to DC. These all required fossil fueled flights on a jumbo jet, followed by a backup jumbo jet and fighter jets, then large convoys to get where he’s going, then reverse back to the airport. Then a big convoy to a rally in Maryland Monday Biden has also said he would talk directly to oil companies. They do not care
Big Oil Is Not Dancing To Government Tunes. Period.
Several days ago, President Biden made a media splash when he threatened oil companies with windfall taxes and “other restrictions” if they don’t stop returning cash to shareholders and start investing this cash in more oil production.
The industry, via the American Petroleum Institute, responded with yet another reiteration of the fact that the oil market is a global one, and producers don’t have complete control over prices because it is also a free market.
Oil producers, big and small, did not react to the U.S. President’s latest attack on it. The industry simply continued what it has been doing since oil prices rebounded: returning cash to shareholders and planning its spending carefully.
Bloomberg’s Javier Blas summed the situation up in a pithy commentary that basically reminded everyone that this same administration that is now calling for more oil, just two years ago pledged to reduce oil drilling in the U.S. as much as possible. And that this administration, along with other powerful institutions was the same one that convinced the oil industry there was really no point in including strong production growth in their long-term plans.
Joe’s a fool. And a hypocrite. He doesn’t care if your gas and oil costs are high.