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Exclusive: Biden Bristles After Chevron CEO Fires Back At Administration’s Energy Policies

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Biden Bristles After Chevron CEO Fires Back At Administration’s Energy Policies

#Biden #Bristles #Chevron #CEO #Fires #Administrations #Energy #Policies

President Joe Biden can dish it out, but he seems to have a hard time taking it.

Last week, Biden sent a letter to American oil and gas companies, castigating them for what he claimed was “running historically high profit margins and not doing enough to lower fuel prices.”

Chevron CEO Mike Wirth was having none of it, explaining how Biden administration policies were at the heart of the energy cost crisis.

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Fighting Back

In his response to Biden, Wirth pointed out that Chevron was, “doing its part … by increasing capital expenditures to $18 billion in 2022, more than 50% higher than last year.”

Despite the promise of larger investments, one can’t help but notice a common theme in energy company’s retorts to Biden has been what economists call “regime uncertainty,” where industries that require large capital and time investments need a steady policy for their investments to pay off:

“We need clarity and consistency on policy matters ranging from leases and permits on federal lands, to the ability to permit and build critical infrastructure, to the proper role of regulation that considers both costs and benefits.”

It was here that Wirth took the gloves off.

“Chevron and its 37,000 employees work every day to help provide the world with the energy it demands and to lift up the lives of billions of people who rely on these supplies. Notwithstanding these efforts, your Administration has largely sought to criticize, and at times vilify, our industry. These actions are not beneficial to meeting the challenges we face and are not what the American people deserve.”

Biden’s unhelpful response was a snarky one: “He’s mildly sensitive. I didn’t know they’d get their feelings hurt that quickly. Look, we need more refining capacity. This idea that they don’t have oil to drill and to bring up is simply not true.” 

Joe is actually right on one point: there is oil to drill, and plenty of it.

But shutting down the Keystone XL pipeline and disastrous industry regulations like pausing federal oil and gas leasing, and relaying the idea that your plan is to upend the industry will not persuade the industry to invest in more exploration and drilling.

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The Ultimate Goal

Joe Biden’s plan seems to be that he can have the best of both worlds:

“We ought to be able to work something out whereby they’re able to increase refining capacity and still not give up on transitioning to renewable energy. They’re both within the realm of possibility.” 

Pay attention to that phrase, “renewable energy.” Because that is the ultimate goal, to separate Americans from their fossil-fueled vehicles.

And the elites that populate the Biden administration are not shy about their agenda, and they want to do it in a hurry.

It started early. Energy Secretary Jennifer Granholm, at one point remarking, “If you drive an electric car, this would not be affecting you,” says the woman whose estimated worth is $8 million.

Transportation Secretary Pete Buttigieg echoed the same sentiments. At a press Conference in March, Buttigieg stated that people in “rural to suburban to urban communities can all benefit from the gas savings of driving an EV.”

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The tidbit that both Granholm and Buttigieg failed to mention, the average cost of an electric vehicle will set you back roughly $50,000.

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Keep Having To Set Joe Straight

This is not the first dust up between Joe Biden and energy companies. Back in March, Biden was handed the convenience of being able to blame Vladimir Putin and the invasion of Ukraine for high gas prices.

But because Joe Biden is a lifetime bureaucrat, and really has no idea how the gas and oil industry works, Kathleen Sgamma, president of the Western Energy Alliance, appeared on “Fox & Friends” to try and break it down so Joe Biden could understand.

“Which is it? You can’t blame Putin and us at the same time. The bottom line is we are not price makers, we are price takers. We suffer from low prices and then we have higher prices. That is based on the price of oil globally. But we are not setting that price. We would love to produce more in the United States and help to bring those prices down. Demand has risen, we’ve had the price shock of Russia invading Ukraine. There are various factors that go into the price of oil, but we are not setting that price.”

On Thursday, Energy Secretary Granholm is scheduled to meet with energy companies.

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Exclusive: Recession Talk Surges in Washington – TalkOfNews.com

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Compelling Television

#Recession #Talk #Surges #Washington

“From Wall Street to Washington, whispers about a coming economic slump have risen to nearly a roar as the Federal Reserve ramps up its battle against the highest inflation in four decades,” Politico reports.

“Price spikes and the Fed’s aggressive interest rate hikes sent the benchmark S&P 500 stock index tumbling to its worst performance in the first half of the year since 1970. Consumer confidence has sunk to record lows. And economists are increasingly worried that a downturn will not only happen but happen soon — a danger underscored by one widely watched Fed growth tracker.”

“Fed Chair Jerome Powell has begun saying the quiet part out loud: The central bank is willing to tolerate a recession if it means getting inflation under control.”

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Exclusive: MUST SEE: Hot Dog Eating Champ Joey Chestnut Takes Down Animal Rights Protester in a Choke Hold With Mouth Full of Weiner Before Winning Contest (VIDEO) – TalkOfNews.com

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MUST SEE: Hot Dog Eating Champ Joey Chestnut Takes Down Animal Rights Protester in a Choke Hold With Mouth Full of Weiner Before Winning Contest (VIDEO)

#Hot #Dog #Eating #Champ #Joey #Chestnut #Takes #Animal #Rights #Protester #Choke #Hold #Mouth #Full #Weiner #Winning #Contest #VIDEO

National Hot Dog Eating Champion Joey Chestnut won the 2022 Nathan’s Hot Dog Eating Contest on the 4th of July today but not before he took down a protester.

The annual hot dog swallowing event is held on Coney Island every year on Independence Day.

Joey is currently ranked No. 1 in the world by Major League Eating.

Chestnut won his first Nathan’s Hot Dog Eating Contest in 2007 defeating Taer “Tsunami” Kobayashi.

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On Monday, during the middle of the competition, an animal rights protester ran up on stage next to Joey Chestnut carrying a sign reading, “Expose Smithfield Deathstar.”

When the protester jumped on stage next to him Chestnut wrapped his arm around the protester’s neck and took him down to the ground.

This all took place while Joey was chewing on hot dog.

He went on to win the competition.

Here’s the video.

Joey Chestnut obliterated the far left protester with a mouth stuffed full with hot dogs and buns.


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Exclusive: In praise of the great outdoors, wherever that may be for you – TalkOfNews.com

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#praise #great #outdoors

I’m truly lucky to live in one of the most beautiful places on the planet.

Sometimes I think the only thing keeping me alive in the face of an ongoing pandemic, intensifying climate crisis, and many, many more issues worsening with a swiftness is the outdoors. I’m not saying I’m holding onto this mortal coil for dear life, but instead that I see meaning in the life I’m living thanks to my surroundings. I can think of so many moments when clearing my head meant a walk to the river, a run on the Lafitte Greenway, or getting away even farther and exploring more of the place I love and call home. Once I’ve hit the road and I’m walking through the swamps of the Barataria Preserve, it’s like the chaos of the world cannot reach me. Mosquitos can, which isn’t great since they inexplicably love me, but my worries are just as small as they are when I’m out in nature. Quite literally taking a hike is the only way I can imagine celebrating this 4th of July.

Exploring nature is something I’ve only recently come around to in my adult life, and that may be because often the folks we assume are hitting the trails are their own stereotype. Typically, the most visible people heading outdoors are white, cis, able-bodied, and have enough money to afford the luxury of time and equipment for all sorts of terrain. But a whole host of grassroots and more formal organizations are making it possible for people from a diversity of backgrounds to feel more comfortable when they head out into nature. Field Magazine has a great resource for BIPOC groups blazing a trial—I’m personally obsessed with Latino Outdoors. The publication also offers great resources for LGBTQ+ hikers. And disability advocates can take comfort in the amazing work Disabled Hikers is doing, though certainly more can be done so that all are welcome to this space.


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