Big Oil’ Responds To Biden’s Threats: Here’s 10 Things You Can Do To Ease Gas Prices
Following President Biden’s letter to many ‘Big Oil’ executives, threatening them with forced production quotas, windfall taxes, and/or price-caps (because all those things have proved so successful in past crises... not), the American Petroleum Institute - which represents ‘Big Oil’ - sent a letter to the president offering some advice.
1. Lift Development Restrictions on Federal Lands and Waters
2. Designate Critical Energy Infrastructure Projects
3. Fix the NEPA Permitting Process
4. Accelerate LNG Exports and Approve Pending LNG Applications
5. Unlock Investment and Access to Capital
6. Dismantle Supply Chain Bottlenecks
7. Advance Lower Carbon Energy Tax Provisions
8. Protect Competition in the Use of Refining Technologies
9. End Permitting Obstruction on Natural Gas Projects
10. Advance the Energy Workforce of the Future
Read the full letter below:
Stephen Miller
@StephenM
The White House’s economic illiteracy is breathtaking. You cannot threaten to extinguish an entire industry from the United States (fossil fuel), work furiously to choke off its supplies and suffocate its existence, and then be surprised when the price of that commodity goes up.
(Which is why the most rational explanation is that raising the price of fossil fuel energy is the objective).