“MILTON FRIEDMAN ISN’T RUNNING THE SHOW ANYMORE:” Reuters: Biden demands oil companies explain lack of gasoline as prices rise.
U.S. President Joe Biden on Wednesday demanded oil companies explain why they aren’t putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices.
Biden wrote to executives from Marathon Petroleum Corp, Valero Energy Corp, and Exxon Mobil Corp and complained they had cut back on oil refining to pad their profits, according to a copy of the letter seen by Reuters.
“At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable,” Biden wrote, adding the lack of refining was driving gas prices up faster than oil prices.
“The lack of refining capacity – and resulting unprecedented refinery profit margins – are blunting the impact of the historic actions my Administration has taken to address Vladimir Putin’s Price Hike and are driving up costs for consumers.”
The letter is also being sent to Phillips 66, Chevron Corp, BP and Shell, a White House official, who declined to be identified, told Reuters.
Joe Biden, it’s time to meet Joe Biden!
● Biden’s plan to cancel Keystone pipeline signals a rocky start with Canada.
—The Washington Post, January 19th, 2021.
● Biden pulls 3 offshore oil lease sales, curbing new drilling this year.
—The Washington Post, May 12th.
● Biden administration won’t appeal judge’s ruling revoking Gulf of Mexico drilling leases.
—The Washington Post, February 28th.
Flashbacks: Why Aren’t Democrats Dancing for Joy About Sky-High Gas Prices?
In the service of reducing carbon emissions, Democrats have long openly worked to raise the price of fossil fuel energy. They have done so by proposing carbon taxes, cap-and-trade schemes, higher leasing fees, and other measures to jack up costs so people burn less of it. This is why Barack Obama said, in answer to a related question about electricity, that his energy plan would make prices “necessarily skyrocket.” This is why Democratic Rep. Ro Khanna praised BP’s CEO less than six months ago for pledging to reduce oil and gas production by 40% by 2030. Reductions in oil production and rising gasoline prices are part of the Democrats’ agenda and the Paris climate agenda.
There’s even more to it than that. Over the past decade, the Democrats’ overt hostility toward fossil fuels has even driven companies in the industry to sideline production, purely for public relations purposes, while prioritizing meaningless, politically correct carbon emissions goals. How can Democrats suddenly feign outrage at their incredible success in influencing the industry?
Is it a mystery why Democrats aren’t doing a sack dance and celebrating the salvation of planet earth?
There’s the small matter of their political survival, of course. It would be unseemly — like doing a jig at an Irish funeral — to celebrate other people’s pain. And it would cost many Democrats who are secretly jubilant about high gas prices their political careers.
Instead, Democrats are pretending to look for a way to “ease consumers’ pain.”
In September of 2019, after CNN’s seven hour “climate change town hall,” Bryan Preston wrote, “Seriously, if you see all of the above — which is just a sample — and vote for any of these people for any office at any level, it’s on you. If you like Venezuela, voting for any of them will bring you a whole lot of Venezuela.”
And as Kate of Small Dead Animals wrote after the CNN horror show, “Don’t make the mistake of thinking they don’t mean it.”
● Aren’t California’s High Gas Prices What The Left Have Wanted?
● NBC, the Washington Post, and the New York Times in lockstep call for higher gas taxes.
● 2008 L.A. Times headline: “The joy of $8 gas.”
Exit quote: “Under my plan, energy costs will necessarily skyrocket…”
In other words, Obama administration retreads are following the same playbook as the original Obama administration: “We’re going to keep at it to ensure the American people are paying their fair share for gas,” is the perfect Kinsley Gaffe for an Obama administration retread like Biden: As Steven Chu, Obama’s then-incoming energy secretary, told the Wall Street Journal in the fall of 2008: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
So is it fair to ask if Biden is on the payroll of Putin? As Walter Russell Mead wrote in 2017:
If Trump were the Manchurian candidate that people keep wanting to believe that he is, here are some of the things he’d be doing:
Limiting fracking as much as he possibly could
Blocking oil and gas pipelines
Opening negotiations for major nuclear arms reductions
Cutting U.S. military spending
Trying to tamp down tensions with Russia’s ally Iran.
“Yep,” Glenn added in late 2019. “You know who did do these things? Obama. You know who supports these things now? Democrats.”
● Biden praises high gas prices as part of ‘incredible transition’ of the US economy away from fossil fuels.
● Team Biden might be purposefully grinding down the middle class.
Related: Biden tormented by Republican guerrilla campaign and ‘I did it’ stickers.
Also: 100Pcs I Did That Biden Funny Car Stickers. #Resist #CommissionEarned
(Classical reference in headline.)
UPDATE AND BUMP (FROM GLENN): Flashback: The ‘cabal’ that bragged of foisting Joe Biden on us must answer for his failed presidency.