Fellow Patriot: The voluntary financial generosity of supporters like you keeps our hard-hitting analysis coming. Please support the 2024 Year-End Campaign today. Thank you for your support! —Nate Jackson, Managing Editor

November 14, 2022

Two-Faced Joe Attacks the Oil Industry

Taking a page out of the authoritarian playbook, Joe Biden is demonizing the energy industry after having hobbled it.

Here’s a shocker: Before Joe Biden attacked the nation’s oil and gas producers as being war profiteers worthy of a windfall profits tax, he tried to court those very same companies to help refill the Strategic Petroleum Reserve.

White House officials, along with representatives from the State and Energy departments, reached out to several energy companies and trade groups in mid-October with a plan to buy oil from them to top off the reserve, which is now at half its 714 million-barrel capacity. The administration would guarantee purchase when the price of crude reached the $68- to $72-per-barrel threshold, paying up front for future delivery.

The White House claimed the plan would help stabilize the market and prevent potential gluts that send prices plummeting and put smaller energy producers out of business. The industry collectively nixed the idea because it couldn’t see the logic of it, mainly because there wasn’t any logic. The plan is too narrow to have any major effect on prices. There are also broader forces at work determining price levels, including international production and global factors such as the Russia-Ukraine war — not to mention Biden administration restrictions on domestic production. Those within the industry don’t trust Joe Biden. And who can blame them?

Biden has been at war with oil and gas producers since the day he took office. He immediately axed the Keystone XL pipeline, which had been approved and was ready for construction. His administration also put a chokehold on drilling permits and licensing for new refineries. He was handed an energy-independent American economy for the first time in decades. And what did he do with it? He replaced it with record-high gas prices and put us at the mercy of international oil cartels that love nothing better than to stick it to us.

Biden’s response to the oil industry’s rejection of the deal was to go on the attack. At an October 31 press conference, he shamefully labeled the companies as war profiteers. He also threatened to impose a windfall tax based on reports in the media of record quarterly profits by ExxonMobil and Chevron. Longtime Democrat political hand John Podesta, a climate adviser to the Biden administration, went so far as to say that oil producers are failing to show patriotism.

Much of this was clearly pre-midterm election bluster. Biden and his fellow Democrats were desperate to deflect voter anger over record-high gas and diesel prices from their own failed policies.

“It’s frustrating that a year ago we were being told to stop drilling, and in the past several months, we’ve been beat up for not drilling enough,” said ExxonMobil spokesman Casey Norton. “In actuality, we delivered record production from our U.S. refineries so that we could do our part to help meet demand.”

Biden’s windfall tax threat may be nothing more than that — a threat. There have been several attempts by congressional Dems to push such a tax through in the last couple of years, but the administration has provided little political backing. As for the accusation of war profiteering, the U.S. would actually have to be at war for that one to stick, right?

Biden’s words were probably just politics in the lead-up to an election in which his party faced a drubbing. That drubbing never materialized, but by lashing out in the way he did, Biden only served to heighten the mistrust the energy industry has for his administration. This will make future negotiations much more difficult and price relief for American consumers that much harder to find.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.