Biden Calls for Oil Companies To Be Investigated for Prices

By Heather A. Craig/shutterstock.com
By Heather A. Craig/shutterstock.com

With the wolves at the door concerning his mental capacity, Biden must choose what he attacks and vilifies very carefully. His handlers are doing the best they can with a very visibly unstable man, but his blunders keep spewing forth like a sewage pipe of dementia. In this latest blunder, he has taken to attacking the oil companies for price gouging on the oil and gas companies.

I do not accept hard-working Americans paying more for gas because of anti-competitive or otherwise potentially illegal conduct. I, therefore, ask that the Commission further examine what is happening with oil and gas markets and that you bring all of the Commission’s tools to bear if you uncover any wrongdoing. The Federal Trade Commission has the authority to consider whether illegal conduct is costing families at the pump. I believe you should do so immediately.” These bold statements are nothing more than lip service.

The problem isn’t just with the oil companies. They are being told to do more with less and to keep the pricing within fair guidelines. Yet he killed the Keystone XL pipeline, AOC and others are trying to destroy Line 3. The number of leftists who fail to understand that to have oil-based products you need to get oil out of the ground, and transported is absolutely insane. If they don’t have the pipelines, it doesn’t get refined as fast, if it doesn’t get refined it doesn’t become oil and gas. If we don’t have oil and has the price goes up. This is simple economics.

While there has always been some speculation as to how much price gouging goes on with the oil and gas markets, Biden has been doing everything within his power to make the prices soar higher and higher with each passing motion. Considering the Russians now have a pipeline straight through to Germany, the market share American companies had in Europe at large profit margins is now much smaller. With Biden doing nothing to help on that front either, it just feeds back into further inflation.

The part of the puzzle both Biden and the left love to ignore is how interdependent our economy is on each other part. If crude oil goes up so does heating oil, diesel fuel, natural gas, and oil for daily materials like plastic. When these costs go up so do the costs of goods and services. This in turn pushes the costs of everything else up even higher. Since it now costs more to truck this crude oil instead of using a pipeline, it now becomes even higher.

While the idea of saving the environment is noble and tribal lands need to be protected, we also need to come to the table being willing to compromise to a point. We can re-route pipelines around sacred lands, we can ensure pipelines are even less likely to leak with new and improved technology. All of this takes time and money to implement but it could have greatly prevented the massively inflated pricing we are seeing now.

Instead, now it’s just damage control, so while Biden is clamoring for an investigation the prices keep skyrocketing, and the people keep being ripped off. The longer this goes on the worse it is going to get. One can only hope the people get a chance to survive his blunders and mistakes because at the rate inflation is going people won’t even be able to afford a bus ticket.