Biden Feds Kneecapped Oil and Gas

Report from Just the News After Trump energy ‘renaissance,’ Biden ‘kneecapped’ oil and gas producers: industry spokesman.  Excerpts in italics with my bolds and added images

The president of the U.S. Oil and Gas Association contrasted “the greatest energy renaissance in our history” under Trump with “regulatory assault and the attempt to defund us and to debank us on Wall Street” by the Biden administration.

The U.S. oil and gas industry quickly went from a “renaissance” under former President Donald Trump to a new dark age under a Biden administration hostile to traditional energy sources, the head of the industry’s trade association said Friday.

“President Trump, to his credit, presided over the greatest energy renaissance in our history,” Tim Stewart, president of the Oil and Gas Association, said on the the “Just the News, No Noise” TV show. “Right before the pandemic, we were producing 13 million barrels [of oil] a day. For all intents and purposes … we were a net exporter of energy.”

Amid buoyant expectations of increasing U.S. production to 15 million barrels per day, the industry was suddenly rocked by consecutive shocks: the pandemic, followed by the Biden administration war on fossil fuels.

“We came out of COVID right into the Biden administration, which then kneecapped us,” Stewart recounted. “Between their regulatory assault and the attempt to defund us and to debank us on Wall Street, we’re still a million or million and a half barrels behind where we were. And we’re 3 million barrels behind where we could be. And that’s really unfortunate. And that’s unfortunate for our European allies in particular.”

Now, even some Democrats are recognizing the administration has taken its crusade against oil and gas too far, too fast, says Stewart.

“I’ve had some interesting conversations with members of Congress just in the last two weeks, of both the Senate and the House and Republicans and Democrats,” he said. “And there are Democrats who are starting to say, ‘Maybe we went a little too far.’ It’s a year too late. But we welcome that.”

Stewart was asked if the Oil and Gas Association would ever get a call seeking advice from the Biden administration.  “I don’t know if we ever will hear from them to be honest with you,” Stewart answered.

“The number of people who are political appointees in the administration who came out of our industry or who really understand it, you can literally count on one hand.”

See also Wake Up and Smell the Fossil Fuel Insanity

 

 

2 comments

  1. terryoldberg · October 8

    The kneecapping of oil and gas is the result of an application of an uncorrected application of the Fallacy of Misplaced Concreteness by the argument made by a modern climate model under which an “abstract” event of the future is mistaken for a “concrete” event of the future and where the terms “abstract” and “concrete” take on their meanings in the field of metaphysics. Neither the CEOs of oil and gas companies nor current candidates for public office exhibit an understanding of this situation though it would be greatly to their advantage and to ours for them to do so. Please pass this message along to errant CEOs and candidates for public office if you know any with the request for action on their part. A deductive proof of the operability of the Fallacy of Misplaced Concreteness in this context is available by request to my email address: terry_oldberg@yahoo.com.

    Like

  2. Pingback: Biden Feds Kneecapped Oil and Gas — Science Matters – Science is distorted by progressive philosophy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s