Exxon Mobil Attacks the Biden’s Energy Policies for Creating the Current Crisis

When a politician is on the ropes, he always begins to find convenient scapegoats to shift the blame for the very policies he has created. 

Look what President Joe Biden is trying to pull off right now. At a recent press conference, Biden criticized oil companies and blamed them for the increase in fuel costs. This comes at a time when inflation continues pounding the American working class. Biden stressed that oil companies must “work with my administration to bring forward concrete, near-term solutions that address the crisis.”

However, companies like Exxon Mobil were just not going to sit by and let Biden smear them. On June 15, 2022 Exxon Mobil criticized Biden, especially its destructive energy policies. 

In a press release, Exxon Mobil declared that “In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions – such as waivers of Jones Act provisions and some fuel specifications to increase supplies.”

”Longer term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines,” Exxon Mobil added.

These recommendations came at a time when the Biden regime has canceled critical US pipelines — a move that has greatly hamstrung domestic oil production and has largely contributed to the present energy crisis in the states.  

”We have been in regular contact with the administration to update the president and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies,” the company’s press release stressed. ”This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% increase in our U.S. production of oil during this period.”

”Globally, we’ve invested double what we’ve earned over the past five years – $118 billion on new oil and gas supplies compared to net income of $55 billion. This is a reflection of the company’s long-term growth strategy, and our commitment to continuously invest to meet society’s demand for our products,” Exxon Mobil added. 

Exxon Mobil criticized Biden’s attack on their profits during the Wuhan virus pandemic, which, contrary to popular belief, actually hurt the oil industry. 

”Specific to refining capacity in the U.S., we’ve been investing through the downturn to increase refining capacity to process U.S. light crude by about 250,000 barrels per day – the equivalent of adding a new medium-sized refinery,” Exxon Mobil stated. ”We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.”

At some point, the Biden regime must realize that its policies have been the primary culprits behind America’s current economic woes. 

Full stop. 

Heavy regulation, money printing, big spending, etc. have played a critical role in damaging the American economy. This is stuff the Biden regime will never confront. 

However, it’s up to the American citizenry to get informed about these topics and raise awareness about them. From there, they can build a grassroots alternative to what’s being promoted in the DC Swamp. 

Information is power and when we’re able to effectively counter the regime narrative, major change can then be realized.