![]() ![]() The series of actions kick off the president's agenda to reduce the country's emissions and establish stricter targets under the Paris climate accord.Īs recently reported by the Financial Times, Via Twitchy, Biden just found out that when he burned the US's domestic production capacity down, it was easier to shut down than to put back online. on track to curb planet-warming carbon emissions.īiden's orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development. President Joe Biden on Wednesday signed a series of executive orders that prioritize climate change across all levels of government and put the U.S. Perhaps he means for Biden to use his "emergency powers" to impose that by Angry Fiat.įlashback to January 2021: Biden suspends oil and gas leasing in slew of executive actions on climate change Or would there even be a vote? Manchin won't vote for that. We've made that clear," Bharat Ramamurti, deputy director of the National Economic Council, told Bloomberg TV's "Balance of Power with David Westin." "We're not ruling that out of consideration. The idea has caught the attention of top Biden aides in recent weeks, as they search for any and all ideas to tackle rising energy costs. He's among several Democratic lawmakers, including Senator Sheldon Whitehouse and Representative Peter DeFazio, who have discussed targeting what they consider excessive oil company profits. Wyden has yet to release his plan publicly, and he'd likely need all 50 Senate Democrats to support it in order to pass the surtax over Republican opposition. The proposal by Senator Ron Wyden, an Oregon Democrat who chairs the tax-writing Finance Committee, would mean oil companies face federal taxes of as much as 42% on profits considered excessive - the 21% US corporate tax plus a new 21% surtax, according to two people briefed on the proposal. Oil companies that record a profit margin better than 10% would face a new federal surtax under a plan developed by a key senator, as Democrats and the White House struggle to curb US energy costs and broader inflation. To be rammed through on a party line vote. But this should give us a sense of what he has in store: one of his leftwing allies in the Senate, Ron Wyden - say, NeverTrump, didn't you swear and affirm that Biden was a centrist and a moderate? - is proposing a 21% surtax on oil profits. What kind of vague, Putin-like emergency powers does he have in mind? "My administration is prepared to use all reasonable and appropriate Federal Government tools and emergency authorities to increase refinery capacity and output in the near term, and to ensure that every region of this country is appropriately supplied." "Your companies and others have an opportunity to take immediate actions to increase the supply of gasoline, diesel and other refined product you are producing," he continued. "But amid a war that has raised gasoline prices more than $1.70 per gallon, historically high refinery profit margins are worsening that pain." "There is no question that Vladimir Putin is principally responsible for the intense financial pain the American people and their families are bearing," Biden wrote. Biden has recently faced criticism for a lack of executive action aimed at curbing inflation. Quite the opposite, in fact! "President Biden may resort to using emergency powers if American oil companies don't increase output at their refineries, the president told oil CEOs in a series of letters Wednesday.īiden's statement blames oil companies for running "historically high profit margins" even as Americans experience surging gas prices. They have been flagrantly wrong about everything for six years running now (and, someone might say, for more like 30 years.)īut of course, they'll keep their jobs: There is no penalty for consistently catastrophic failure in Washington, DC. They're paid to get things right about politics. You do not get to fail this badly and keep your phoney-baloney jobs, all the while claiming you're the "Smart People" who "Really Understand Politics" and while denigrating those "Uncouth Hobbits" who know nothing at all. Say, NeverTrump - you championed Biden because he was going to stop Trump's purported authoritarianism and Restore Our Norms, right?Īgain, I'm not knocking civilians who are NeverTrump, but the NeverTrump political class, who must be stripped of any future influence. JBiden Threatens Oil Companies That He Will Punish Them If They Don't Start Producing More Oil, As His Policies Have Made It Impossible For Them to DoĪn incompetent tyrant is threatening his political enemies with "emergency powers." ![]()
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