Kiddo..

 

President Joe Biden has sent a powerful message to oil and gas producers: He’s going to do everything in his power to put them out of business. 

“Kiddo,” he told an activist on the campaign trail in 2019, “look in my eyes. I guarantee you, I guarantee you we are going to end fossil fuel.”

Sure enough, he halted federal lease sales the moment he took office. He also canceled the Keystone pipeline, pushed for companies to address the cost of climate change and moved to dry up their access to capital. 

He’s also failed to issue a new five-year offshore-leasing plan, though the current one expires next month. 

And now, in a lame bid to appear pro-production, he’s threatening tax penalties for companies with federal leases that aren’t pumping up more oil.

With that, the oil prices tripled, Inflation soared, food shortage, and the fear of loosing the power that is reversing his actions.

Who is actually running, surely, this venture to the ground?  Just a thought.