What Energy Policy?
Al Ritter
Last week Joe Biden explained on the tarmac that he
was going to Saudi Arabia not to talk about begging for oil but to talk about “much
bigger things.” Biden never explained the bigger things to the press.
Upon arrival he did exactly what we thought, he begged
for oil. Now if Biden’s true mission is to reduce the fossil fuel consumption
wouldn’t you think he would do it gradually? You know like he did in the with drawl
from Afghanistan? I’m sorry that was a tad on the sarcastic side but you get my
meaning. But just like the Afghanistan with drawl you can’t do everything
immediately. It would be akin to making a heroin addict quit cold turkey.
If Joe’s true aim were to reduce fossil fuel
emissions, what difference would it make if the oil were extracted domestically
or purchased from abroad? The emissions would be the same either way but we
would be using our own resources. It’s been said over and over again that the
United States lacks an energy policy under this President. We had an Energy
Policy just 2 short years ago and it enabled us to be an oil exporter for the
first time in history, now that ability is gone.
Joe has also made fatal errors in the Strategic Oil
Reserve. The SOR was designed to be our reserve oil supply in case of war or a
natural disaster, not to placate the general public’s demand for cheaper oil.
At best if he were to release it all it would only supply extra oil for a few
days but would never reduce our actual cost.
Instead of accepting responsibility for the increase
in oil price, Joe blames everyone else. He claims that at first it was Putin’s
fault, now it’s the gluttony of the Big Bad Oil Companies!
Let’s look at this from the oil company’s viewpoint.
Even after purchasing the leases and drilling permits (the later Biden has
refused to grant) the oil company has to do much in the way of geological
surveys and testing, and even after all that there is no guarantee that they
will hit oil. So who bears the burden of an unfulfilled oil well? If they do
hit oil they must then find a way to transport it. Pipelines are the easiest,
fastest, and safest, but Biden has denied that too. The oil must then be
refined (another thing that government has refused to offer new permits for)
and then ground transport from distribution centers to individual gas stations.
Sounds like a lot of expenses, speculation, and
chances for failure on the Oil Companies part.
Ok let’s look at the cost per gallon 69% goes to the
cost of the crude oil profit, refining accounts for 8% , but here is where the
REAL greed comes from…..Federal and Local taxes amount to 18%, think about that
for a minute, the government gets an 18%
take for absolutely no risk, no infrastructure investment. So now this leaves
only 5% for transportation and profits!
There is NO other business that survives on a 5%
profit margin, and yet Biden claims they are stiffing us! It’s not the oil
companies that are stiffing us Joe, it’s YOUR policies and taxes!
Let’s not even get into the idiotic Ethanol Mandate
enacted under George Bush, and will seemingly be expanded under Biden as a
clean renewable fuel source. What Joe doesn’t tell you how much Ethanol is
subsidized by the government. He also claims that increased ethanol mix will
lower the price of gas, which is complete hogwash!
Read more here:
https://www.johnlocke.org/americas-absent-energy-policy/
Watch the Video Here:
6 comments:
I was talking to a liberal Saturday and he was basically saying that Europe has had high gas prices like this for years and this is what we deserve for our capitalistic greed. I had to walk away to keep from punching him in the face!
Biden has also promised the EU more oil because they cut themselves off Russian oil. How is that even possible? We don't have enough for ourselves!
Joe is a blubbering idiot and destroying our country!
We were an exporter, now we are an importer. No matter how much we use from either market it's the same amount of pollution. What part of that doesn't Biden understand?
In answer to George G ......https://trends.gab.com/item/62aeaa26cd16e36da05b47d8
It's hard to believe anything he says
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