Yes, Joe Biden Really Said That About Big Oil

[Yo_Mama_Been_Loggin]

If there’s something President Joe Biden wanted to make clear during his State of the Union address Tuesday night, it was that he was not making a mortal enemy of the oil and gas sector, as Republicans often proclaim. But if he was speaking out against those companies, he’ll tell you, it’s not his fault—they’re the ones who forced his hand.

“You may have noticed that Big Oil just reported record profits,” Biden said. “Last year, they made $200 billion in the midst of a global energy crisis. I think it is outrageous. Why? They invested too little of that profit to increase domestic production.”

You heard that right: The problem is that the oil companies chose not to increase drilling and refinement at home. That may seem out of place for the president who, just before that “outrageous” comment, was vividly describing the horrors of climate change and the solutions—renewable energy, electric vehicle chargers, resilience measures—that the legislation he’s signed will fund for years to come. But that line about the need for oil wasn’t a fluke.

“The climate crisis doesn’t care if you are in a red or blue state. … I’m proud of how America at last is stepping up to the challenge,” Biden said. “We are still going to need oil and gas for a while,” he continued, to a surprise smattering of Republican applause. “We do!” Biden said. “But there’s so much more to do. We have got to finish the job. And we pay for these investments in our future by finally making the wealthiest and biggest corporations begin to pay their fair share.”

https://www.msn.com/en-us/news/politics/yes-joe-biden-really-said-that-about-oil/ar-AA17euTq

[efhmc]

1. I live in Texas and have been here during boom and bust and the winners are still here making an

holy amount of money and many or most of it is by the hands of the GQP but their time is waning and will be done soon as more and more people do renewables.. The sad thing is that the Oil and Gas people will still profit.

[Hortensis]

2. Yes. Big oil and gas will be Big Renewables -- if we don't say no.

But I think we're seeing that wave build and an end to the one that began with the end of the New Deal era in the late 1970s.

The right's amazingly slow to learn, but when's the last time any of us heard them worry about the need to protect the poor, "job-creating" wealthy classes from unfair taxes and regulation?

That mantra had a quarter-century run, but it's over. It WAS over by the time of the 2008 crash that hurt so many of them so badly. Most are still confused, but they're finally also angry and fed up in the direction they should be.