America Faces No Greater Threat Than Joe Biden and the Democrat Party. Their Assault to Our Borders Is As Great As Their Assault to Free Speech and Free Elections
Friday, June 24, 2022
BIG OIL GIVES MORON BIDEN THE MIDDLE - WHY SHOULD WE STOP PLUNGERING AMERICA, THEY ASK? - White House, Oil Refinery Executives Fail to Reach Plan to Lower Gas Prices
This is Biden's message to the fossil fuel industry: Former energy secretary
The top 25 oil corporations made a combined $205 billion in profits in 2021. Since the beginning of 2022, the five largest oil companies—Shell, ExxonMobil, BP, Chevron and ConocoPhillips—have enjoyed a 300 percent increase in profits over the first quarter of 2021. ConocoPhillips, for example, earned profits of $4.3 billion between January and March, an increase of 375 percent over the previous year.
Tilting at Windmills: Biden Meets with Wind Execs While Shunning Oil Industry Leaders
President Joe Biden on Thursday shunned U.S. gas and oil leaders when they met with Energy Secretary Jennifer Granholm, instead issuing an announcement of a partnership between the federal government and states to push for offshore wind infrastructure.
Biden has been slamming the oil and gas industry, blaming them for underproducing and profiteering even as the president, since Day One in office, has done everything possible to hamper domestic production of fossil fuels.
“I didn’t know they’d get their feelings hurt that quickly,” Biden said Tuesday, calling Chevron CEO Mike Wirth and other CEOs “mildly sensitive” for their response to his criticism.
Biden said Sunday he would not meet with the oil industry executives, asserting he has administration officials to take the lead, as Breitbart News reported.
Jennifer Granholm, U.S. energy secretary, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., US, on Wednesday, June 22, 2022. (Chris Kleponis/CNP/Bloomberg)
The White House announcement on the wind initiative says, in part:
Today, the White House is joining with eleven governors from up and down the East Coast to launch a new Federal-State Offshore Wind Implementation Partnership that will accelerate the growing offshore wind industry. The partnership will support efforts to provide Americans with cleaner and cheaper energy, create good-paying jobs, and make historic investments in new American energy supply chains, manufacturing, shipbuilding, and servicing.
As a first step of this Partnership, the White House and governors are announcing commitments to collaborate on expanding key elements of the offshore wind supply chain, from manufacturing facilities to port capabilities to workforce development. The Administration is also announcing steps to advance a National Offshore Wind Supply Chain Roadmap and designating offshore wind vessels as Vessels of National Interest to facilitate more offshore wind construction.
The Biden Administration claims that the deal will create thousands of jobs while his energy policies have axed thousands of jobs in the oil and gas industry.
The plan calls on National Climate Advisor Gina McCarthy, Secretary of the Interior Deb Haaland, Granholm, Deputy Secretary of Transportation Polly Trottenberg, and National Oceanic and Atmospheric Administration Administrator Rick Spinrad.
Biden’s plan pledges to offer support to alternative energy, including wind, while working to cut off resources for the fossil fuel industry:
To ensure the development of a robust U.S. offshore wind industry and domestic supply chain, the federal and state governments jointly commit to:
Work collaboratively to enhance the U.S. domestic manufacturing, logistics, and workforce development network to support the orderly and expeditious development of a robust U.S. offshore wind industry, across both fixed-bottom and floating technologies.
Work together to most effectively address commonly identified high-priority gaps within the offshore wind manufacturing, logistics, and workforce network, and to facilitate regional solutions including, where possible, the use of public funds to advance these efforts.
Engage with underserved communities, ocean users, Tribes, local governments, and other stakeholders to ensure that supply chain development provides equitable benefits and minimizes any potential adverse impacts.
Support the development of a domestic fleet of offshore wind installation and service vessels.
Although the federal Energy Information Administration (EIA) touts the growth of alternative energy, including wind power, it also reports its role in the U.S. energy landscape:
The natural variation of wind speeds contributes to very different amounts of wind generation, depending on the time of day or season. Wind first ranked as the second-largest source of U.S. electricity generation for an hour in late March 2021.
U.S. Energy Secretary Jennifer Granholm emerged from an emergency meeting with major oil refiners on Thursday with no plans to lower gas prices but a vague promise to keep talking, Reuters reported.
The Biden administration’s efforts to lower gas prices are hampered by the Democratic Party’s anti-fossil fuel stance. The far-left climate change activists will not tolerate an expansion of domestic oil production and myriad regulations have helped reduce refinery capacity in the U.S. and kept refiners from opening new plants.
On the campaign trail, President Joe Biden promised he would end fossil fuels. “I want you to look at my eyes. I guarantee you, I guarantee you we’re going to end fossil fuels,” he said in New Castle, New Hampshire.
“No more subsidies for the fossil fuel industry,” Biden said a year later. “No more drilling, including offshore. No ability for the oil industry to continue to drill, period,” Biden said of his energy policies if he won the presidency. “It ends.”
Biden has made good on his promise. On the first day of his presidency, Biden terminated the Keystone XL pipeline project not yet completed. Biden has also driven up private and public financing costs of oil drilling and halted drilling on public lands.
Polling by the Convention of States Action/Trafalgar Group also showed that 53 percent of voters believe Biden is trying to raise the price of gas to force citizens to use less fossil fuel.
Gas prices are currently hovering around $5 per gallon, doubling since former President Trump left office, according to AAA data.
In an effort to reduce the soaring price of gas, the president asked Congress for a 90 day gas tax holiday. Many Democrats are skeptical of that demand, including House Speaker Nancy Pelosi (D-CA) and Sen. Chuck Schumer (D-NY).
Investment bank ISI Evercore said Monday the gas tax holiday proposal is an ineffective talking point that shows the White House is out of ideas on inflation and gas prices. “Way back in February, when Democratic Senators first started floating a gas tax holiday, it was immediately clear to us that the idea was a non-starter in Congress and should be viewed primarily as a midterm talking point,” ISI Evercore said.
“This should have been a quick decision by the White House about whether this makes a good message for the midterms,” the organization said. “Taking four months to consider a policy is one thing — taking four months to decide on a talking point is another.” Follow Wendell Husebø on Twitter and Gettr @WendellHusebø. He is the author of Politics of Slave Morality.
No comments:
Post a Comment