Energy industry pushed back against Biden

 Power Line:

...

Meanwhile, I note that ExxonMobil has politely, but in a devastating way if you know the scene, rebuked Biden with this response:

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.

You can be sure that the Biden Administration will do none of these things.

UPDATE—Chevron is even more blunt than Exxon:

“Unfortunately, what we have seen since January 2021 are policies that send a message that the Administration aims to impose obstacles to our industry delivering energy resources the world needs.”

Bloomberg reports:

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top US oil refiners are on course to reap a combined $10 billion in profits this quarter even as US President Joe Biden lambasts the industry for closing plants.

To repeat, Apple will reap $25 billion in profits this quarter.

I repeat myself, but Biden's energy policies are idiotic.  He is trying to limit domestic production while going begging from foreign producers.  It is a policy that makes zero sense. 

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