Posted on 07/26/2022 8:27:49 AM PDT by rktman
President Biden warned oil companies last week that if they don’t do more to help address rising prices, he will revoke their drilling permits on federal lands.
While touting that gas prices have fallen to below $4 at 30,000 gas stations across 35 states, he said more needs to be done.
"First, we’re going to look at ways to increase oil production from the existing wells and permits that exist today," he said. "The industry has more approved permits for production on federal lands than they can possibly use. That’s a fact. Let me say it again: They have more than they can use.
"So my message to these companies is: Use the permits or lose them. Don’t say we can’t — you don’t have access," he added.
Second, I’m telling the industry, “You’re making record profits due to Putin’s war in Ukraine. Use those profits to increase production and refining. Don’t use those profits to buy back your stocks and dividends.”
Look, thirdly, we’ll talk about a global price cap on Russian oil — that I got our partners to agree to last month at the G7 — that will keep supply up and Putin’s revenues down. In the days and weeks ahead, I’m going to keep doing what I can to bring down the price of gas at the pump. (White House)
(Excerpt) Read more at townhall.com ...
Beatings will continue until morale improves.
Joe knows nothing about prices he never buys anything he has people for that
On any policy or policy-related action, Brandon can be relied upon to choose wrongly 100% of the time.
Are demonrats afraid they will lose power if gas is eleventy billiom dollars? Then they better artificilly lower it until I November
That’s sort of like ordering farmers to produce more food or their water allocation will be cut off.
‘Hey Esther, you, use the permit or I’ll come over and drag you off.’
JOSEPH BIDEN has NEVER held a private sector job-—
He knows NOTHING about the oil business-—farming—mining—ANY business.
HE needs to be stopped.
“ That’s sort of like ordering farmers to produce more food or their water allocation will be cut off.”
Nicely put.
I cannot say aloud what should happen to him and his handlers and enablers.
Unfortunately fake presidents have serious consequences.
joseph robinette biden is just a shiny object that’s there to distract us from who’s REALLY calling the shots.....and I have to sadly say so far it’s been pretty effective.
WHEW. The chomo is “looking” at something again.
What an idiot! Biden knows less about economics than a grade schooler who runs a lemonade stand.
They are going to make us dead unless we make them dead first.
I'd love to see that at a presser.
Hugo Chavez is looking up from Hell and smiling.
Biden is an avatar for whomever is really running the white house.
The point of this is that the drilling permits are already gone, this is the perfunctory notice being given.
They are intending to break the oil industry beyond repair.
(Whisper) 9,000…
Rosebud
What a clueless clem this diabolical dementia tyrant is. Does he really believe the the words they train him to use. He’s like a trained seal.
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