Yes, that there is the world’s most powerful Democrat (okay, at least top 20, he is nominally the President) telling ExxonMobil and the gang to go get ‘Merica more oil. Now!
Fossil fuels: only a problem until you don’t have them.
Combine this with the NYT trial balloon about Biden being a one-term President (which seems optimistic at this point), and the Democratic internal poll numbers must be in full-on 10,000-feet-a-minute wings-coming-off dive mode.
"Fossil Fuels" is a Rhodes-inspired myth, propagated by the Rockefellers, to imply scarcity, when there is no evidence that hydrocarbon resources are, indeed, scarce.
Idiot in Chief.
Brandon is lying again! He cut off new oil leases & the vast producing pipeline & then shortage of oil & gas are the oil companies fault. What a useless Resident Brandon is!
Did anyone else notice the timing of the announcement to drop testing for US international entry by air? Almost immediately after disastrous CPI increase.
Who cares about Jan 6. This entire administration is an insurrection against the country.
It's even worse than this. Blackrock and other ESG proxy shareholder activists convinced ExxonMobile to reduce production from 5 million barrels a day to 3.5 million barrels a day. It was seen as this huge ESG win at the time. Now, not so much.
How can an administration be, all at the same time, incompetent, clueless, and deviously evil? If it was just one of the above, good people might be able to overcome the destruction.Makes me weep for our beloved country.
I work in the periphery of ONG and they are not investing a dime while an openly hostile regime threatens their every financial move. They are waiting for November's results. Period. It is that simple.
Vote against democrats at every level, folks, or the "beatings will continue until your morale improves."
He assumes we don’t know the policies he put in place to destroy the industry. Granted those under the spell of mainstream media propaganda narratives will fall for it but he’ll still look bad. These people are stupid.
I am a petroleum engineer and a fifty year veteran of the oil and gas industry. Yeh Biden denies permits to drill on land the government has already leased to oil companies, it brow beats big Wall Street Investors like Black Rock who now refuse to invest in oil and gas drilling, shuts down the Keystone and then blames oil and gas companies for not drilling. Having drilled a couple thousand wells, I know it takes 6 to 12 months to get a well ready to drill onshore on private lands because of leasing, title issues and compliance with many government agencies. Now drilling and workover companies have the trucks and equipment but are having trouble finding hands to work who aren't on drugs and who want to work. Legalized drugs like marijuana with drugs coming over the border and stimulus check and rent moratorium are largely the reason. Biden if you want to find the real person to blame look at yourself in the mirror.
What REAL leader never takes responsibility? This puppet literally thinks the American people are this stupid
So, if my father was still alive offering up his often a bit crude “ gems”…he would say, “ Excuses are like assholes, they all stink.” What stench is coming out of this administration.
As a farmer, we need fuel, fertilizer, grease, oil, tires, and the list goes on. You like to eat, farmers want to produce for the world. Evidently, Biden and his administration can’t see the forest or the trees. The lunatics are truly running the asylum.
As Thomas Sowell asked, are low gas prices a sign that oil companies stopped being greedy?
We can’t even get these idiots to answer the basic climate questions, like: what’s going to happen to the price of electricity if everybody’s using it to charge their cars ON TOP of normal usage? How are people who are already struggling to fill the tank going to buy new electric vehicles? And the most important climate question of all: Why aren’t we developing new nuclear plants as we make this ‘incredible transition’? (at gunpoint)
Instead of providing answers, Biden continues to blame greedy oil companies for the increase in prices, and is now contemplating a ‘windfall profits’ tax in order to buy some goodwill with Americans. (Note how Biden & the other economic ignorants always talk about total profit in dollars, neglecting to mention that companies are impacted by inflation just like we are, and that high profit number might actually be less profit overall)
Biden professes to be doing everything possible to bring prices down — everything but the obvious: increase supply. He’s willing to inflict real pain on Americans to score political points with people who wouldn’t vote Republican if their lives depended on it. (*cough* Jay Inslee *cough*)
But don’t you worry, as Americans are slowly slipping underwater at home, Biden and Congress will be ready to help — Ukrainians. After all, that $40 billion aid package will only last about five months, and our goal is to draw Russia into a Ukrainian quagmire of Afghan proportions. How long were we fighting over there, again?
"The beatings will continue until the morale improves."
Brandon (Obama?) has made it against the law to drill by not renewing leases and by turning off Alaskan fields. No Keystone pipeline could affect prices, too.
This leaves the oil company's no choice but to charge more for their nonexistent oil. If that sentence doesn't make sense, it's because I was attempting to emulate Biden's nonsensical logic.
Good description. Too bad they’re taking the country down with them.
This is nothing more than political posturing by Biden. He gets to look like he is puting pressure on oil companies while doing absolutely nothing that would compel them to increase drilling. His policies speak louder than his words.
This is the de facto green new deal that none of us signed up for. Suppress fossil fuels to attempt to coerce the population to transition to EVs. Wish this administration cared about high prices, but all of their actions and comments suggest they have ulterior motives!
I am a high school economics teacher and I know more than most of this administration. That is not how it works....duh
Thanks Alex for not giving up, your voice on this and Covid and all topics political and otherwise has been an important facet to history and to truth
One term seems optimistic? Love it.
The blame game! He’s pulled all their drilling permits or not renewing them (expired). Wait until goods can’t be delivered because the trucking industry is screwed too. You,think prices are high, goods are scarce now? Just wait…the plan is unfolding.
EO 14008 stopped drilling on fed lands. Day 1 of his admin. Revoke that.
Sure, the oil companies should be chomping at the bit to invest hundreds of millions in oil drilling infrastructure even as Dementia Joe and his enablers promise to shut the industry down ASAP.
Another 2 years of this man and america is a third world country. We are very well underway
The problem the Dems have is if Biden doesn't run in 2024, Harris has to do so or Democrats will be accused of being racist. And Kamala Harris is not a good campaigner. She's awkward and comes across as insincere.
Since 2010, us oil production is way up, stumbling in 2020. Then it flatlines in 2021. I wonder what changed?
Said by someone who has zero knowledge of how business works!
Obviously when the prices are up producers (of anything) up production to capitalize on the market. It's very clear that there is something stopping producers from producing and participating in this high market.
How is that, aside from President Trump, we never seem to ever elect those with any actual experience in the real world?
Fox news medical correspondent now blaming Justin Bieber's facial palsy on Chickenpox when it is a clearly listed possible side effect from C19 vaccination. Despicable behavior of pushing vaccines and blocking discussion of possible C19 vaccination harm. Remember 70% of all Fox News ad revenue comes from the vaccinators. They own Fox News narrative.
Saw a video taken in Dallas, TX. A woman reporter stopped and asked black men are they agreeing with Biden the economy is great. Nope. They want Trump back. The average American knows the score. It is the woke raging lunatics that support Biden living in bubbles that have no clue how much hate people have for them. This time around they may find out. Now democrats talking about removing all guns.
No modern economy was built on renewable energy but on fossil fuels.....just look at India and China.
Dive! Dive! Dive! You won't even see the Rat Paramilitaries out rioting and demanding to "Defund the Police" this summer. It's magic.
What a fuckin liar. The minute that mentally deranged pedophile took office, he issued executive orders that shut down all oil drilling and refining processes in this country. Then he said it is the drilling companies fault, that there is still plenty of gas and oil leases still not taken. A gas and oil lease DOES NOT PRODUCE ONE DROP OF OIL!! IT IS EXPLORATORY DRILLING ONLY. Because the govt makes it so expensive to do, which only happened under Biden, they usually pass because they could go bankrupt. When Trump was in charge, we produced so much oil and gas, we were selling it to other countries. Typical democrat, they fuck everything up then blame everybody else.
At least he’s not Trump my semi awake Democrat friend said to me yesterday…I asked him how his life was worse under Trump… he just said that’s not the point. We have a way to go still unfortunately.
The dive can’t happen fast enough! The entire party except for a few like Manchin and Kristin S from AZ are okay. Oh, and take that Liz Chaney with them. She is pathetic!!
thanks Alex...I never knew I could laugh so hard at your journalistic wit and yet be so absolutely horrified at the same time at your content.....keep it coming...you are indispensable...
NO Biden hasn't done a damn thing to help, only hurt us! It's competition that keeps prices down. The idiots who thought Biden regime was honest and so much better than trump can kiss my ass. Biden shut everything down day 1 and started the long waste toward 'green energy BS' They are truly ruining every facet of our economies and THEY'RE DOING IT ON PURPOSE TO CONTROL AND TAKE MORE POWER AWAY FROM THE PEOPLE.
He’s gotta be doing this on purpose. No one can be this incompetent.
The problem isn't with the senile, communist squatting in the White House. He's an idiot, and we know he's an idiot. The real problem is with the weak-minded voters who are dumb enough to believe all the nonsense that the imbecile in the White House mumbles about. The problem is always the voters. The dumbing down of America continues.
Most Powerful? Top 20? Please, he is a complete muppet paid for by WEF and fellow travelers.
Can't we just have a vote of "no confidence" and run him out of office?
The answer: replace all 263 million US vehicles with Teslas! Since Tesla produces 100k vechicles per month, thats...uh...just 219 years! Yay "Joe Biden". His handlers that actually run the place behind the curtain either want to destroy the country, or they are idiots. Hard to know which one. Yay "Climate Change!" Now where's my Climate-Change-Approved private jet?
Speaking of choosing profits over lower prices for Americans...there's this business of Hunter's laptop proving the oily Biden Family Group, Inc. chose selling multimillion dollar access to China, Russia AND Ukraine (among others) for decades. How are all those bribery paybacks over the past 17 months working out?
What a lying sack of crap! He does everything he can to kill domestic oil production then blames the oil companies when what he wants comes to fruition. He stops oil which drives up the price of oil (so Putin has plenty of cash to attack Ukraine), then the cost of EVERYTHING goes up because fuel costs affect EVERYTHING. He's blaming the shipping companies for raising their prices, but they have to pay more for fuel. Next he's going to blame farmers because they have to pass on their fuel and fertilizer costs to us. Can't this old man go away. Oh wait, look what's waiting in the wings Kamela. Joy! We are all soooo screwed.
BiDung and his wingman want to "fundamentally change America", but they are not responsible for those changes. The Gaslighter-in-thief is out of his mind.
It’s pretty obvious that Biden knows nothing about the oil business (or any business for that matter). Oil leases are bought in *anticipation* of *maybe* exploring the *possibility* of drilling at some point. It doesn’t always make sense to drill no matter how high the price of gas. 🙄
81 million votes, that was the FIRST LIE!!! Joe’s gotta go. That’s TRUTH!!
Price goes up due to supply shortage, more business jumps in to get a piece of it. Supply problems are solved and the price equalizes. Some bottom feeders lose and go out of business. The market stabilizes at a price, supply and demand equilibrium.
Then senile Uncle Joe and his clown circus start messing with the market. They print trillions and hand out to people for votes. Demand jumps. Then they stop permitting for production on federal lands. They kill the Keystone Pipeline. They implement more business-unfriendly regulations to curtail fracking. So there is much less opportunity and incentive for more producers to join in to create more supply. The big energy companies do love it... higher prices without the competition... but they are not responsible for the situation.
Biden and the Dems put the market in turmoil. And THEY are continuing the same policies that are keeping it in turmoil.