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Biden Threatens "Windfall Profits Tax" on Oil/Gas Companies
- Thread starter Webster
- Start date
It's Biden's fault. He's done nothing but make things very difficult. I don't buy anything he says. Instead of lying like an asshole on public television about it with the whole "it's their fault" card as usual, he should own up to it and undo the strict regulations and policies he's put on the oil industry which lead to inflation in the first place. This Youtube User said it best.
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What they are probably doing is storing their money away to be used in investing in pipelines and other such things when America elects a president that isn't openly hostile towards them and that doesn't necessarily mean a Republican either. That would just be good financial sense.
It's Biden's fault. He's done nothing but make things very difficult. I don't buy anything he says. Instead of lying like an asshole on public television about it with the whole "it's their fault" card as usual, he should own up to it and undo the strict regulations and policies he's put on the oil industry which lead to inflation in the first place. This Youtube User said it best.
And yet those companies are sitting on about 8-9 thousand leases for oil/gas projects across America; what Biden should do is tell them "Either start using those leases now or lose them."
I'll just put this here.
How revenue works
Learn what governs natural resource extraction in the U.S., how resources result in federal revenue, and what processes ensure accuracy and accountability in this industry.
revenuedata.doi.gov
I know how revenue works; I also know they've got plenty of places to search for oil and gas if they'd get off their asses and use all those nice leases they have at present.I'll just put this here.
How revenue works
Learn what governs natural resource extraction in the U.S., how resources result in federal revenue, and what processes ensure accuracy and accountability in this industry.
This isn't a fight he can win. The more regulations, fines, royalty fees, and penalties Biden charges them; the more they'll keep inflating their prices. Cause and effect. You know who pays for it? We do. Maybe the old man should piss off.
*shrugs* So be it.
