The Republicans Are Really a Mess
Does Biden Have Any Influence on the World Stage? Don't Ask Karine Jean-Pierre.
Police Provide Update on Man Who Lit Himself on Fire Outside Trump Trial
'Low-Grade Propaganda': Bill Introduced to Defund Liberal NPR
Democrats Give More Credence to Donald Trump's Talk of a 'Rigged Witch Hunt'
The Power of Forgiveness
New Report Confirms Trump Won't Receive a Fair Trial
Karine Jean-Pierre References Charlottesville When Confronted About Pro-Hamas Chants
Biden's Title IX Rewrite Is Here
It's Been Almost a Week Since Iran Attacked Israel, Yet These Democrats Stayed...
Following England’s Lead, Another Country Will Stop Prescribing Puberty Blockers
The Five Stone Strategy of Defeating the Islamic Regime in Iran
Another Republican Signs on to Oust Johnson
Biden’s Education Secretary Vowed to Shut Down the Largest Christian University in the...
Poll Shows How 'Ticked-Off Voters' Are 'Both an Opportunity and a Challenge for...
Tipsheet

Biden Vows to Punish Oil Companies for a Problem He Created

President Joe Biden is again threatening to punish oil and gas companies for what he claims is a lack of investment as gas prices continue to soar. 

Advertisement

The tweet comes less than 24 hours after Biden sent a similar message from the White House Monday afternoon, where he claimed the companies are the problem while dodging responsibility for his energy reducing policies. 

"If they're investing their profits in the historic -- at historic rates in their U.S. operations, then America would be producing more oil today and prices would be down even further.  But rather than increasing their investments in America or giving American consumers a break, their excess profits are going back to their shareholders and to buying back their stock," Biden said. "I think they have a responsibility to act in the interest of their consumers, their community, and their country; to invest in America by increasing production and refining capacity." 

After Biden abruptly ended the Keystone XL pipeline on his first day in office, which was already well under construction, and vowed to end the fossil fuel industry, it's no wonder executives have put a freeze on future investment. 

Advertisement


Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement