Good day all. As you are well aware, the costs of energy, gas, heating, etc. have skyrocketed under the maladministration of the idiot in the White House, Joe “Bumbles Dementia” Biden. A major cause for all of this is Dementia Joe actively killing domestic energy production where ever he can.
This is a far cry from a little over a year ago when the Greatest President of the 21st Century, Donald Trump was in office. For four years he pushed to increase domestic oil and gas production and we became a net energy exporter for the first time in decades.
No sooner had the bumbling idiot assumed office, he began killing the energy sector starting with shutting down the construction of the Keystone XL Pipeline, and throwing tens of thousands of people out of work. Thanks to his incompetence, the United States is now forced to import oil and gas again.
This has caused massive increases in the price of energy. You would think that part of fixing the problem would be to increase domestic production, wouldn’t you? Well think again. Here are the details from Breitbart:
On Tuesday’s, (February 8th), “CNN Newsroom,” White House Council of Economic Advisers member Jared Bernstein stated that President Joe Biden’s plan to control gas prices is engaging “in diplomatic measures” to get oil-producing companies to follow their commitments, releasing oil reserves as needed, and using regulation to ensure consumers aren’t abused and price decreases are passed along.
One of the things the maladministration has accused the oil companies of is price gouging. This is the usual accusation of the Progressive Liberal Democratic Communazis when their policies cause massive price increases in whatever it is they’re out to control. In the case of oil companies, the investigations always show that the oil companies make about $0.05 a gallon. In fact, the federal government actually makes a lot more per gallon in taxes and fees from the oil companies and the American consumer.
Co-host Victor Blackwell asked, “A gallon of regular now up to $3.46 on average, a new seven-year high, up more — it’s up a dollar, almost, from a year ago. The president ordered release of 50 million barrels from the reserve. That was back in November, I believe it was, hit the market in December. OPEC is not ramping up increases to the desires of the U.S. What is the plan to control gas prices? This is something that’s hitting people every single day.
Control gas prices? That sounds like a subtle hint to returning to the dark days of wage and price controls. As to the answer this maladministration jerk provided? Read for yourself.
Bernstein responded, “A three-part plan coming from President Biden, who, first of all, starts out by being very clear about precisely the stressors you just mentioned. Anyone — and that’s most of us — who’ve had to fill up their tank understands what you’re talking about. Number one, we are engaging internationally, both with oil-producing and oil-consuming countries. In terms of oil-producing countries, we want them to live up to their supply commitments, and we’re engaged in diplomatic measures to make that happen.”
We saw that bit about “Engaging with the oil producing countries. Their answer was very straightforward. It amounted to “Get Stuffed Stupid. You’re not Trump.”
He added, “[O]il-consuming countries have strategic reserves, and the last time we released 50 million barrels, many of which are still in train, by the way, the price of gasoline — it wasn’t just the strategic release, but it helped, the price of gasoline actually fell by ten cents a gallon.” And that another release “is certainly an option that can be put on the table as needed.”
Those strategic reserves are not meant to try and drive prices lower. They exist in case we have actual oil shortages and need to tap the reserves to keep the nation running. Also, sending the oil to China does NOT help America you crack head. As for the third part? It’s about as useful as the first two.
Bernstein concluded, “Finally, we’ve got to protect consumers from any abuse and the president is making sure that every legal and regulatory authority we have is going to be tapped to make sure that any price gains are being — any price decreases are being passed along to consumers. We’re seeing very high profitability in these oil companies, lots of stock share buybacks. This president wants to make sure that in a period of such strong demand, that some of those benefits are being passed along to consumers, and he will look at the regulatory authorities to make sure that happens.”
Hmm, I don’t see anything here about increasing drilling and domestic oil production, do you? Of course not! The maladministration is controlled by people who are morons and moonbats who think you can power America with windmills and unicorn farts. They fully intend to shut down all oil production in the United States and force everyone to ride nonexistent public transportation, bicycles, electric cars or walk.
Once again, the Obama prophecy is coming true. We are living in bad times, and we are witnessing Joe Biden’s absolute ability to Fu** things up. Even with the midterms and the probably electoral slaughter of the Democratic Communazis, I don’t see things improving for years.
Thatisall
(2 votes, average: 5.00 out of 5)
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