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What a misleading puff piece to exonerate Biden’s genuflecting to the Green New Deal leftists and strangling our domestic oil production Donald Trump had going our way. To be expected of The Mainstream Media, though. Shameful and inexcusable.
Seems like Holcomb could combat the high gas prices in Indiana directly by suspending our exorbitant gas tax and tap into that fat $6.1 billion surplus. How bad does it have to get before we can use this so-called rainy day fund?
Squandering US strategic resources for political reasons should be a crime and prosecuted as such!
This is what these reserves are for: If elections are looking like your party is going to loose seats the President must realize this constitutes an emergency for his party so artificiality driving down gas prices is a must. Then if there is a true emergency aaa well we can always count on the Saudis. Oh forget that. Hmmm. “Let me circle back with you”
There are 11,000 permits available to drill. Greedy oil companies are making record profits. The cost of oil per barrel is approximately what it was 10 years ago.
A lot of oil rigs were shut down during covid because demand was way down. The number of oil rigs now re-opened and drilling has increased 60% over the last year. However, the oil companies are being cautious about ramping up production because of the government’s policy on fossil fuels. In fact, President Biden has said, “I guarantee that we’re going to end fossil fuels.” So, a company is not going to invest time and money if they think their own government ultimately wants them out of business.