ajax18 wrote: ↑Sun Jun 12, 2022 11:07 pm
Hi ajax,
Basic question for you: what would you do to incentivize investment in domestic extraction if you could snap your fingers and make a change?
Put conservatives in charge of all three branches of government for the next 8 years. Fire everyone in the deep state and replace them. Give investors good reason to believe that their investments in fossil fuels will pay off and not be destroyed by climate change legislation.
Democrats control all three branches of government. They're responsible for these gas prices and need to at least own it. One thing I respect about Kevin Graham was he was willing to admit that high gas prices and inflation is exactly what Democrats wanted.
For all those words you still didn't answer his question. What specifically would you do? You see, Republicans love to complain about what could've been if only they had been in charge, but they never really say what they'd have done differently to produce a different outcome. For instance, inflation. I've yet to hear a Republican in Congress explain what could have been done by Biden to prevent inflation. All they do is offer some incoherent platitude about "his policies did it" without ever specifying which policy.
Fossil fuel companies understand that their time is ending at some point and countries all around the world are making aggressive moves to replace them with alternative fuels. We're at a critical inflection point in human history, and the future is alternative fuels. Oil companies understand this, so they're doing their "last hurrah" for their shareholders by trying to enrich themselves as much as legally possible before their time is up. You were asked specifically what you would do to incentivize them, and you responded by saying you would incentivize them by electing Republicans. Oil executives supporting the ramping up of production means taking losses for themselves and their shareholders, which means they risk losing their jobs. The only sure fire way to provide Americans with cheap gas quickly is to nationalize the oil industry.
Democrats wanted inflation and high gas prices? No, that is just being dishonest. I've never heard any Democrat say this, and politicized inflation all but guarantees the incumbent President doesn't repeat a second term, so why would they wish for that? But this is also why Republicans are loving it right now, pretending to be in dire straits over "Bidenflation" while they continue to drive their $70,000 gas-guzzling pick ups. Because putting party before country should really be the GOP's motto. All they care about is retaining power at all costs so they can go back to doing the same things that got us into this mess. Providing tax cuts for the wealthy, deregulate industries so they can continue to hammer consumers, etc.
There is a reason why the last five recessions all took place under a Republican President.