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Posted On: 03/14/2022 3:14:40 PM
Post# of 126673
In 2020, Joe Biden declared war on oil and gas in America.
In a Democratic primary debate, he declared, “No more subsidies for the fossil fuel industry. No more drilling, including offshore. No ability for the oil industry to continue to drill, period. It ends.”
High gas prices are all part of his plan.
The other day, now-President Biden insisted that his administration had done nothing to raise prices or restrict drilling.
Actually, there have been plenty of regulatory measures taken and offshore leases curtailed as part of Biden’s war on fossil fuels.
The Biden administration’s posture has been squarely against the oil and gas industry, which has fostered uncertainty in the market and disincentivized further investment. I
t has coupled this with regulatory gusto and a refusal to fight Obama-appointed activist judges using climate change as an excuse to shut down offshore oil drilling.
In a Democratic primary debate, he declared, “No more subsidies for the fossil fuel industry. No more drilling, including offshore. No ability for the oil industry to continue to drill, period. It ends.”
High gas prices are all part of his plan.
The other day, now-President Biden insisted that his administration had done nothing to raise prices or restrict drilling.
Actually, there have been plenty of regulatory measures taken and offshore leases curtailed as part of Biden’s war on fossil fuels.
The Biden administration’s posture has been squarely against the oil and gas industry, which has fostered uncertainty in the market and disincentivized further investment. I
t has coupled this with regulatory gusto and a refusal to fight Obama-appointed activist judges using climate change as an excuse to shut down offshore oil drilling.
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