Drill, baby, drill: Biden attacks oil companies for not extracting more oil

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Drill, baby, drill. Biden attacks oil companies for not extracting more oil.

President Joe Biden tries to steer between the shoals by promising"billionaire taxes," which leave millionaires alone, and by taxing"stock buybacks" at 4% — a policy that doesn't really do anything except perhaps depress stock values slightly for ordinary people investing for their retirement."You may have noticed that Big Oil just reported record profits," he said."Last year, they made $200 billion in the midst of a global energy crisis.

— Matthew Zeitlin February 8, 2023 Who knew that Democrats' mantra in 2023 would be drill, baby drill?

 

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Total failure!!!

Renewables will not provide more than 50 percent of energy consumption for many years. Consumers, farmers, fishermen, and truckers use fuel. Higher fuel prices increase food prices and inflation. Politicians should stop opposing oil and gas production and pipelines.

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