Posted on 06/10/2022 2:49:58 PM PDT by Cecily
President Joe Biden said Exxon made 'more money than God last year' as he attacked oil companies for not 'drilling' or paying taxes while gas prices are breaking records in a speech Thursday where he continued to blame 'Putin's price hike' on 41-year high inflation.
Biden spoke at the Port of Los Angeles just hours after a report was released showing annual inflation in the US has jumped 8.6 percent, blowing past expectations and dashing any hopes that consumer price increases had peaked.
'Today's inflation report confirms what Americans already know — Putin's price hike is hitting America hard,' he said and conceded that prices need to come down further.
(Excerpt) Read more at dailymail.co.uk ...
Biden said during the campaign he was going to shut down the fossil fuel industry and he is doing that. Here’s to all those who voted for him ... suck it up.
Weird how the oil companies always wait until there’s a dem in the WH to gouge their customers.
Almost as if their letting golden opportunities go by when a repub is in charge.
Why is that?
God should ask for a raise. He’s getting robbed.
Biden just can’t help himself.
I miss The Trumps daily humor.
They only made money because Bidet inflated the oil price. Stupidity.
A *vast* majority in this country don’t have a damn clue how business works, so these BS lines work on them (assuming they are even following the news - political apathy is real and works to the leftists’ plans).
Democrats own this.
They will suffer and I don’t care.
The intention is to put them out of business.
Brandon has been in Wash DC for half a century and never hesitates to inadvertently criticize himself for not addressing the way the IRS taxes. (Glad he was never successful.) Get over it. Has Brandon paid his “fair share” of the 10% he gets for being in the role of The Big Guy, or is he just greedy?
I thought people loved high gas prices.
Maybe they will try a “windfall profits tax;” and I don’t even have a leisure suit. Wage and price controls will also be on the table.
I remember waaaay back in early 2020 when Exxon’s CEO was out on the street corner selling pencils because gasoline was a THIRD the price it is now...
The oil prices are 100% Biden’s fault.
He puts the “IN” in inflation. Thus, putINflation.
Well, when compared to mean tweets…
The Wall Street Journal has an interesting and accurate take on Why Energy Companies Won’t Produce
President Biden has urged oil and natural-gas companies to ramp up production, and you’d think, given the current high prices, that it would be in their interest to do so. But the industry has been slow to respond, with some justification. Companies expect that as soon as the current turmoil subsides, the Biden administration will shift back to hostile rhetoric, anti-energy legislative proposals, and oppositional regulatory policies.
Last September, 20 House Democrats introduced the Fossil Free Finance Act, which would require the Federal Reserve Bank to take steps to stop banks from investing in fossil-fuel production. The bill’s goal was “no financing of new or expanded fossil fuel projects after 2022,” the Naderite group Public Citizen noted approvingly.
Then there’s the harping about excessive profits, which led Sen. Elizabeth Warren to propose a new tax. “The oil companies need to understand that the benefits of price gouging will be sharply undercut by a tax that’s not across the board, but instead is a tax on how their profits increase during this short-term crisis,” she declaimed.
There was a time when most people understood that if you want less of something, tax it, and if you want more, subsidize it. Even though Democrats’ more radical legislation is unlikely to pass, the message to participants in the highly regulated financial markets is clear: We want to see less, not more, capital flowing to domestic oil and gas production.
Replace Exxon with “jews” and the rhetoric becomes recognizable.
Biden is a liar.
Below is the socialist playbook. Biden and his handlers have now worked through the first two steps. Hang on, folks. Steps 3 and 4 always make things worse. Venezuela, here we come!
Step 1: Ignore the problem.
Step 2. Blame hoarders and the producers.
Step 3: Institute price controls.
Step 4: Institute rationing.
Biden fiddles while America burns.
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