President Biden’s Mindless Energy Policies and Absurd Tweets

Oil From Strategic Oil Release Was Exported

Before discussing the above Tweet, please note that due to lack of refining capacity in the US, some Oil From U.S. Reserves Was Exported. 

• More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, even as U.S. gasoline and diesel prices hit record highs.
• The fourth-largest U.S. oil refiner, Phillips 66, shipped about 470,000 barrels of sour crude from the Big Hill SPR storage site in Texas to Trieste, Italy, according to U.S. Customs data. Trieste is home to a pipeline that sends oil to refineries in central Europe.
• Atlantic Trading & Marketing, an arm of French oil major TotalEnergies, exported 2 cargoes of 560,000 barrels each.
• Cargoes of SPR crude were also headed to the Netherlands and to a Reliance refinery in India, an industry source said. 
• A third cargo headed to China.

The amounts are small but symptomatic of the real problem. This administration has no idea what it’s doing. And it goes way out of its way to prove it.

Message from Biden

My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril.

Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.

— President Biden (@POTUS) July 2, 2022

“Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now,” said president Biden.

Bezos Goes After Biden

When you lose liberal billionaire/Washington Post owner Jeff Bezos, you have lost the ideological War.
If the Biden administration is out of touch with Billionaires, imagine how the average American worker feels… https://t.co/Dblfsg8Xys

— Rob Schneider (@RobSchneider) July 3, 2022

“Ouch. Inflation is far too important a problem for the White House to keep making statements like this. It’s either straight ahead misdirection or a deep misunderstanding of basic market dynamics.”

Ridiculous White House Response

White House press secretary Karine Jean-Pierre fired back at Amazon founder Jeff Bezos after the billionaire accused Biden of ‘misdirection or a deep misunderstanding of basic market dynamics’ in regards to current gas prices. pic.twitter.com/nmtPHWJZmK

— NowThis Impact (@nowthisimpact) July 6, 2022

Buyer’s Remorse

Jeff Bezos spent a LOTTA MONEY to get Joe Biden into office.

Jeff Bezos is having SEVERE BUYER’S REMORSE right about now.

— James Bradley (@JamesBradleyCA) July 5, 2022

Beautiful Industry Response

Working on it Mr. President. In the meantime – have a Happy 4th and please make sure the WH intern who posted this tweet registers for Econ 101 for the fall semester… https://t.co/6yLpbDDRKc

— US Oil & Gas Association (@US_OGA) July 3, 2022

“Working on it Mr. President. In the meantime – have a Happy 4th and please make sure the WH intern who posted this tweet registers for Econ 101 for the fall semester.“

How can Biden not know by now that refiners own less than 5% of the 145,000 retail stations. 

Gas stations make very little on gasoline. Most of the profit is on food, drinks, and other services.

Even if we give Biden allowance for not knowing what he should know, he repeats the mistake over and over again.

Flashback Question of the Day

“No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period.”

— Joe Biden, 2020pic.twitter.com/X5tcDOPtT8

— RNC Research (@RNCResearch) June 11, 2022

2020 Presidential Debate Question: Would there be any place for fossil fuels including coal and fracking in a Biden Administration?

Biden’s Answer: “No! We would work it out. We would make sure it’s eliminated. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill. Period.”

Fundamental Problem

The fundamental problem is that you can’t solve a supply problem through direct government action. The US government does not produce petroleum. What the government needs to do is allow the private sector to do it. But the Democrats have done everything in their power to prevent the development of petroleum reserves in the United States and Canada.

The reason why our refineries are at full capacity is because government has prevented the building of sufficient pipelines to justify construction of new refineries. The system is set up to refine the amount of petroleum that will go through the pipelines, with a little more for crude by rail. 

Refineries are expensive. You certainly don’t build one or make expansions when the President and the Progressives are hell bent on doing away with fossil fuel.

We are reaping the long-term consequences of the democratic party’s mindless opposition to oil pipelines and natural gas to the point of begging Venezuela and Saudi Arabia for more oil while regulating US producers out of business. 

Dear President, Look in the Mirror

Biden repeatedly blames Putin. He needs to look into a mirror.

Why Are Energy Prices High? Blame President Biden

Hopefully that is now crystal clear.

This post originated at MishTalk.Com.

Thanks for Tuning In!

Please Subscribe to MishTalk Email Alerts.

Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.

If you have subscribed and do not get email alerts, please check your spam folder.

Mish