There’s no denying the economy is a wreck right now.
Americans are growing more and more concerned by the day.
But Joe Biden just threatened this major industry and one company quickly fired back.
Before Biden took the oath of office, he made it abundantly clear that he loathes the United States oil industry.
And one of the very first things he did as President was shut down the Keystone XL pipeline, making fuel prices more expensive overnight while slashing thousands of jobs in the process.
But to make matters worse, Joe Biden just threatened the oil industry with emergency powers that are only meant to be used in times of war.
Joe Biden despises American energy producers
One of the many things that Donald Trump was completely right about was the importance of energy independence.
Becoming energy independent not only creates thousands of jobs, but it makes fuel more affordable and protects the supply of oil in instances of global pressure.
However, Joe Biden has already made it very clear that he hates this common-sense energy policy.
During his short time as President, Biden has done everything in his power to thwart American energy independence.
Whether it be canceling the Keystone XL pipeline or pulling oil leases from the Gulf of Mexico and Alaska, Joe Biden has proven he hates American energy.
Predictably, oil and gas prices have shot up dramatically and many states are preparing for double-digit gas prices.
America is now relying on foreign oil more than at any time in recent memory.
Americans are suffering at the hands of radical environmentalists
Something that the radical Left does not understand about oil, is that rising oil prices affect way more than gas prices.
Every commercial good that is transported by planes and trucks become more expensive when fuel is more expensive.
That is why food prices are skyrocketing, and as a result many Americans are struggling to get food on the table.
There is nothing woke about high food prices, but unfortunately many on the Left are rejoicing in these price increases.
These crazy leftists believe that the downfall of society will play into their hands, as more Americans will become desperate to adopt alternative fuel sources.
Biden makes one of his craziest threats to date
It goes without saying that Joe Biden is a complete failure of a President.
Instead of dealing with major issues like rising fuel prices pragmatically, Biden defaults to following the orders of the extremists around him make.
Biden’s latest attack on energy producers came just recently when he made an unhinged demand to American oil producers in an unhinged letter.
In the letter Joe Biden penned “At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable.”
He went on to say, “My Administration is prepared to use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term, and to ensure that every region of this country is appropriately supplied.”
In a nutshell, Biden threatened to use emergency war powers to set artificially low prices of oil, which would threaten the sustainability of the entire system.
The only thing is that America is not at war.
While Biden made references to “Putin’s price hike,” the country definitely isn’t at war with Russia.
This unhinged letter is a prime example of why Joe Biden has failed as a President.
ExxonMobil wasted no time in firing back
In response, ExxonMobile released a statement refuting every incoherent claim made by the Biden administration to explain away the high costs of gas.
Over the last five years, ExxonMobil invested more than $50 billion, resulting in an almost 50% increase in domestic production during that time.
But, due to the Biden administration’s assault on domestic energy production, such investments become a substantial long-term risk for the company.
Instead, ExxonMobil suggested several realistic proposals for the Biden administration to consider that would immediately have an impact on gas prices.
“In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions — such as waivers of Jones Act provisions and some fuel specifications to increase supplies. Longer term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines,” ExxonMobil recommended.
Imagine that, the industry would like to see a “clear and consistent policy” supporting domestic energy production.
And it would certainly help if the administration stopped blocking oil and gas leases and pipeline construction.
Patriot Political will keep you up-to-date on any developments to this ongoing story.
