Dems attack oil companies for the result of their policy.

EARLY DECISIONS BY THE BIDEN ADMINISTRATION HAS RESULTED IN HIGH INFLATION

CAN IT BE THAT THE ENERGY BUSINESS DOES NOT GIVE ENOUGH TO DEMOCRATS

Yesterday we witnessed an obscene display of hypocrisy with the demonization of the representatives of the oil business on capital hill.  The democrats are worrying about their pole numbers, so they are trying to drag out all their marxist propaganda to shift the blame from their policies to the oil companies. Not one word of cooperation to increase oil supplies. They really don't want an increase in oil supplies, just want to not be blamed for their wanting higher oil prices.

It is the public policy of the Democrat party to force the increase in prices of fossil fuels to make alternative energy financially competitive. This also applies to electric prices.which are also produced with fossil fuels. They are willing to destroy our energy production, but don't want to be held accountable for their actions. Cowards, just own up, this is exactly the result you want.

Then they made a big deal that the oil companies made a large profit from the increasing prices. Profit, a dirty word for Marxist ideologs. The oil companies return on investment is often in single digits, much less than the democratic darlings in silicon valley or the Pharmaceutical business. Remember the windfall of the computer companies with the Y2K hoax under Clinton, then the mandatory fake vaccines from Pfizer under Biden and Fauci, all big donors to the Democrat party. Are they just sending a message to the oil companies that they shift their donations from the republicans to the democrats and all will be well.

Oil is now running around $100 a barrel. at 42 gallons in a barrel that is $2.38 a gallon of crude oil. It then has to be transported to a refinery, by pipeline, truck, ocean tanker or railway. Pipeline is the most efficient and least costly and most safe way to transport oil and gas. Pipelines have all been stopped by this administration, from Canada, in Pennsylvania and everywhere that they were planned or under construction. By the way, Crude oil from Canada is now transported by railways owned by Democrat donor Warren Buffet.

Then the oil is refined, a costly investment in plant and equipment and skilled labor. New refineries are all but impossible to build by this administration and some old ones have been shut down due to regulation.

The refined products are then transported to a distribution point either by pipeline, truck or rail. Then again transported to your local service station. Today that gas is around $4.19 a gallon. A gross margin of $1.81. That is not net profit, but accounts for the cost of transportation, salaries of 100's of thousands of workers all along the supply chain. At each point of distribution the profits are usually single digits of mark-up. Much more efficient than most all business in this country.

The energy business is always looking and planning for years in advance and when you have an administration sending the message that your business is going to be eliminated as soon as possible it changes and shortens that long term view. Then this administration has pressured lenders to not lend capital to fossil fuel producers. It may take years to dramatically increase production if another view is seen, but it will not be seen during this administration or from the Democrat party.

Drilling rigs have been leased to other countries, refineries are being built in other countries and we are now dependent on others for our energy. This will not change unless congress and the administration can change the outlook for the future.

American should be thankful for our energy supplies and distribution, it is a marvel that we have access to the energy to make everyone prosperous. A gallon of water costs us $2.00 and it is just pumped and bottled.  Energy is a necessity of life that we all just take for granted. It should not be a political tool to gain power or effect election results.