How Has The Oil Industry Fared Under President Biden?

  • Date: 17-Jun-2022
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:Jordan
  • Who else needs to know?

How Has The Oil Industry Fared Under President Biden?

US President Joe Biden speaks before signing Bill S. 3580, the Ocean Shipping Reform Act of 2022, in ... [+] the State Dining Room of the White House in Washington, DC, June 16, 2022. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) My columns tend to generate a lot of "passionate" responses from viewers. I try to correct misconceptions, as well as false statements and beliefs about the energy industry. But, in doing so I hear from the very people who hold and promote those beliefs. For example, whenever I explain the factors behind the rise in oil and gasoline prices, I get three different kinds of feedback. The first is simply appreciative of the explanation. The second is from angry Republicans, who are upset that I didn't put most of the blame on President Biden and the Democrats. The third is from angry Democrats, who are mad that I am not putting the blame at the feet of oil companies. I provide that preface because today's column is the type that brings out the angry people. It's going to be backed up with facts. Some are not going to appreciate the facts, but I