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Biden Threatens Oil Companies' Permits
townhall.com ^ | 7/26/2022 0740 hrs edt | Leah Barkoukis

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 ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: anwr; bidenflation; ccp; china; dumbassery; ecoterrorism; ecoterrorists; globalwarminghoax; greennewdeal; keystonexl; opec
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To: Wonder Warthog

Biden is the Costanza president - he does the exact opposite of what good sense would urge. And he’s a loser.


21 posted on 07/26/2022 8:43:16 AM PDT by TimSkalaBim
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To: ridesthemiles

Has he ever even signed the front of a paycheck for anybody? Even in government, there are those who sign the front of a paycheck.

OK, maybe he signed the front of a relief check. But that’s not the same thing.


22 posted on 07/26/2022 8:43:45 AM PDT by Tolerance Sucks Rocks (Bus No. 2525)
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To: SpokeshaveReturns
Unfortunately fake presidents have serious consequences.

Fake AND demented, not a good combo for leadership.

23 posted on 07/26/2022 8:43:52 AM PDT by 1Old Pro
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To: rktman

No oil company is going to drill on a permit that they already know has no oil. 🤪


24 posted on 07/26/2022 8:44:01 AM PDT by carikadon (Don't mess with Texas)
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To: rktman

So, Biden’s solution to sky high prices is to make them even higher.


25 posted on 07/26/2022 8:44:41 AM PDT by circlecity
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To: rktman

Joe Biden, the “moderate” Dem candidate for POTUS.


26 posted on 07/26/2022 8:44:51 AM PDT by windsorknot
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To: All

“First, we’re going to look at ways to increase oil production from the existing wells and permits that exist today,”

In other words we are not going to allow a single new source for oil. There is enough oil to last a thousand yeas but the climate a-holes will not let us use it.


27 posted on 07/26/2022 8:44:56 AM PDT by es345st
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To: Ouderkirk

I figure it’s a workaround for the real reason. Since Biden can’t just revoke permits willy-nilly for carbon reasons (SCOTUS), he’ll just invent a new reason: alleged price gouging.


28 posted on 07/26/2022 8:45:28 AM PDT by Tolerance Sucks Rocks (Bus No. 2525)
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To: V_TWIN

Don’t be too sure. Biden is a spiteful bully who hates everyone and everything that doesn’t worship him. I conclude he is firmly in charge. He planned to be the most historic president ever and is doing everything he has ever wanted. He wanted this for,decades.


29 posted on 07/26/2022 8:45:37 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: rktman

They mean president Newsome. Right?


30 posted on 07/26/2022 8:45:44 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: Organic Panic
If he's the one really in charge, we're in bigger trouble than we realize. His dementia, combined with his mean personality, could get us all the way to this:


31 posted on 07/26/2022 8:47:21 AM PDT by Tolerance Sucks Rocks (Bus No. 2525)
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To: All

regardless of which personality is actually in charge, this seems to be a deliberately planned trainwreck in slo mo for the entire us economy...


32 posted on 07/26/2022 8:50:24 AM PDT by SteveH (.all)
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To: rktman

Joe Biden has never had a private sector job, or run any company.

Just like 0bama.

5.56mm


33 posted on 07/26/2022 8:51:29 AM PDT by M Kehoe (Quid Pro Joe and the Ho got to go.)
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To: rktman

He, and his masters, are such @sses.


34 posted on 07/26/2022 8:52:08 AM PDT by madison10
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To: rktman

If Biden doesn’t do more to stop the destruction of our country we are going to revoke his white house living privilege’s.


35 posted on 07/26/2022 8:52:22 AM PDT by spincaster
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To: butlerweave

Right from the mouth of a guy who has never had a real job.


36 posted on 07/26/2022 8:54:51 AM PDT by abbastanza ( )
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To: rktman

We are going to shut you down. Use all your revenue to explore new areas and as soon as this looks like it is over or after the election, we will shut you down.


37 posted on 07/26/2022 8:57:44 AM PDT by pas
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To: Organic Panic

Yup. He’s a royal POS.


38 posted on 07/26/2022 8:58:27 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: butlerweave

You had it at Joe knows nothing


39 posted on 07/26/2022 9:01:09 AM PDT by Mastador1
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To: butlerweave

You had it at Joe knows nothing


40 posted on 07/26/2022 9:01:22 AM PDT by Mastador1
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