“They’re still not increasing the production!” he whines.
#Greed corp menu tv
Hilariously, now that gas prices are up, Khanna goes on TV to complain that oil companies don’t produce more oil. “I’ll take that as a ‘no,’” sneered Khanna. “We’re committed to lowering our emissions,” Woods answered. “Would you commit to reducing the production of oil?” Khanna asked ExxonMobil CEO Darren Woods. “Demand for energy is going up in the world,” Wirth responded, reasonably. “Are you embarrassed as an American company that your production is going up?” Khanna said to Chevron CEO Michael Wirth. Ro Khanna scolded oil executives for producing too much oil. Last fall, at a congressional hearing titled “Exposing Big Oil’s Disinformation Campaign to Prevent Climate Action,” grandstanding California Rep.
That leads to more oil spills.Īt least one congressman is as foolish as the activists. Oil still gets shipped, but by truck, train and barge. Stopping pipelines doesn’t even help the environment. They delayed the Keystone Pipeline for 16 years, until Biden killed it altogether. He didn’t mention that when he canceled a long-planned sale of offshore oil rights this week.Activists want Biden to also kill a pipeline that would bring oil from Canada to Wisconsin. I’m relieved that the president understands that, but he ignores how his own policies reduce production and raise the price of gas. “It takes months, not days, for a company to increase production,” says Biden. Now demand is up because people are driving again.īut it takes time for producers to adjust. Prices change because of supply and demand.ĭuring the COVID-19 pandemic, fewer people drove, and demand for gasoline dropped. “It all comes down to cutting back on supplies,” says Lieberman.
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