The Communist Here Are Wrong...As Usual

[Althea]

Every time the board Communists blame Biden for gasoline/oil prices, I tell them the truth.

That same truth was echoed by Oil and Gas executives recently when they testified before the Federal Reserve Bank of Dallas.

This is about a demand by investors for increased dividends and ROI.

A majority of oil and gas executives surveyed by the Federal Reserve Bank of Dallas this month pointed to pressure from investors as the top obstacle to growth. Less than 10% blamed government regulation.
“We are maintaining discipline in capital spending to maintain great internal rates of return,” said one executive at an unnamed exploration and production firm, referring to profits from earlier investments.

Republicans, including some of Congress’ largest recipients of oil and gas donations, have swarmed to defend the industry, falsely accusing Biden of “destroying” America’s energy industry and demanding the president “unleash” domestic oil and gas. On Wednesday, they once again condemned the administration’s pause on new federal leasing and permitting and Biden’s early decision to rescind a key permit for the controversial Keystone XL pipeline.

But when asked at a congressional hearing this month about the impact of Biden’s leasing pause, Colette Hirstius, senior vice president of oil giant Shell, said, “I do not think that not having lease sales has raised the costs to consumers.”

As I've said dozens of times on this board...U.S oil producers are no better than OPEC.

In fact, they're worse.

 

[Althea]

I guess oil/gas prices aren't as sexy as genocide in Ukraine.

At least the Commies here haven't dominated the forums with threads blaming Biden for oil prices.

Of course, I've been linking them to the facts for weeks.

Is it possible that they've learned something?