Your nose stuck in my ass has indeed left an impression...You’re still hurt after all these years . . . poor thing, I guess I should have left flowers.
Run along now.
Your nose stuck in my ass has indeed left an impression...You’re still hurt after all these years . . . poor thing, I guess I should have left flowers.
Not sure Joe has any idea what he thinks...This is the third year in a row that Biden will be releasing his tax returns to the public. What kind of a President does he think he is, anyway?
A lousy one. One that lies. One you voted for.This is the third year in a row that Biden will be releasing his tax returns to the public. What kind of a President does he think he is, anyway?
From the Wall Street Journal
Biden’s Blame Game Will Raise Oil Prices
Democrats’ bluster about ‘corporate greed’ is scaring away the investors needed to expand energy supplies.
By
James W. Coleman
April 13, 2022 6:40 pm ET
Instead of taking steps to boost U.S. oil and gas production amid skyrocketing prices and the war in Ukraine, President Biden is standing by his green-energy goals and blaming fossil-fuel companies for the consequences. This will make today’s energy problems even worse.
Though he campaigned on a promise to ban drilling on federal lands and waters, Mr. Biden’s administration now says oil companies aren’t drilling enough. Instead of “doing their part,” the president claims, too many U.S. fossil-fuel companies are “choosing to make extraordinary profits and without making additional investment with supply.”
Attributing high oil and gas prices to these companies’ greed and market power, the White House proposed new investigations into oil companies’ “anti-consumer behavior” last fall. At the end of March, the president also asked that Congress place extra fees on already-agreed federal oil and gas leases that the administration says aren’t being used. There’s nothing in these leases that obliges companies to drill and even those that want to and can afford to are often stuck waiting for further approval from the administration and courts.
On April 6, House Democrats took up the witch hunt, hauling oil executives before the Energy and Commerce Committee to accuse them of price gouging. Even sensible Democrats like former Treasury Secretary Larry Summers see through this nonsense. He noted recently that it doesn’t “make any sense at all to blame inflation on market power” and is “not serious economic reasoning.” He added that those who engage in those arguments “should be taken less seriously as a consequence.”
High energy prices are no more caused by corporate greed than the low oil prices of 2015-20 were the result of corporate generosity. Under previous administrations, drilling expanded rapidly as regulatory barriers were removed. The pandemic spurred a dramatic drop in oil demand, but it recovered more quickly than many expected. Supply lagged behind demand during 2021, with daily global oil production about two million barrels short of the world’s daily need of some 100 million
barrels. Normally, higher oil prices would attract investment and spur expansion, leading to more drilling and, ultimately, prices falling. But the Biden administration’s antagonism toward fossil fuels stands in the way.
During his campaign, Mr. Biden promised to take extreme steps to crush the U.S. oil industry. Since entering office he has repeatedly paused new oil and gas permitting and leasing. Because America is the world’s largest producer of oil and gas, these policies and the threat of more hostile action have contributed to the global energy shortage and price increases. Both oil and gasoline prices roughly doubled in the U.S. from around the time Mr. Biden was elected in November 2020 to March 2022. In Europe, natural-gas and electricity prices have spiked to as much as 10 times what they were when the year began.
Even as Mr. Biden searches for ways to expand the global energy supply, he refuses to give up many of his green goals. In the past few weeks, the administration has been looking to get more oil from Canada but has insisted it won’t reconsider Mr. Biden’s decision to kill the Keystone XL pipeline.
The president also seems uninterested in reinstituting the permitting reforms he rolled back earlier in his administration, which were designed to speed up permitting for American energy infrastructure and production. Lenders don’t want to make long-term investments in an industry that seems to be on the president’s blacklist, unless the political risk the administration is imposing on new drilling can be justified by even bigger profits. This will in turn force consumers to pay even higher prices.
Democrats seem more interested in lashing out at energy executives than freeing up supply. Their excoriation of oil and gas companies, along with the added fees and threats of investigations, are scaring investors away. Last month congressional Democrats even called for a windfall-profits tax on oil companies, though oil profits aren’t high enough to bring in the investment required to fund new drilling.
The only way global economic growth can survive the current energy crisis is if investors believe the U.S. will pursue consistent and reasonable energy policies and allow companies to access America’s abundant energy supplies. Blaming oil companies for problems that aren’t their fault makes matters worse.
Mr. Coleman is a nonresident senior fellow at the American Enterprise Institute and a law professor at Southern Methodist University.
Opinion | Biden’s Blame Game Will Raise Oil Prices
Democrats’ bluster about ‘corporate greed’ is scaring away the investors needed to expand energy supplies.www.wsj.com
Which is funny, because Psaki a couple months back said issuing new oil leases wouldn’t fix the issue
guess they changed their mind
I don't see this ever put into play. The Dems are playing a game of chicken.. hoping that enough voters believe this and turn out to vote for them.I think everyone realizes the democrats have really damaged their brand and are trying to figure out how to get the base excited so they don't stay home. But personally I question if the 'handout strategy' buys much loyalty. Personally I would advise him to focus more on quality leadership and less on political stunts.
For example a better path than a tax-payer bailout would be to loosen the bankruptcy laws with regard to college loans. Colleges selling $200k sociology degrees was plainly a scam and personally I don't like seeing my tax dollars being spent bailing out a crooked system out.
Biden to Cancel Student Loans for 40,000: Here's Who Qualifies
"Student loans were never meant to be a life sentence, but it's certainly felt that way for borrowers locked out of debt relief," the Education Department said.www.newsweek.com
I believe she said that because the drillers were not drilling on their new leases.
Psaki is a tool...
Enjoy!
Biden claimed 9,000 oil drilling permits are unused. That’s true, but all work can’t begin ‘right now’
There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started.www.verifythis.com
There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started.
"It’s true that companies will sometimes sit on unused permits until it makes more financial sense. The U.S. Government Accountability Office (GAO) found that since there isn’t a penalty for not using a drilling permit, some companies wait to begin drilling until oil prices are high enough to make it worth their while. One operator told the GAO that they would add a drilling rig if the price of oil increases and may suspend one if it decreases. Another said a permit may go unused if oil and gas prices are too low for them to turn a profit. "
9,000 drilling permits issued that aren’t being used?Do you suppose Biden could do something meaningful like extractions from the strategic petroleum reserve or issuing new oil leases on federal-controlled land?