Dealing With Devils

Joe Biden announced yesterday that the United States is “banning all imports of Russian oil and gas and energies” into America without any plans to offset this loss with domestic production by opening up the Keystone XL pipeline or authorizing more leases on federal land for oil exploration. This action will drive gas prices up significantly for the American consumer and hurt the middle class. Biden explained this move by saying, “This is a step that we’re taking to inflict further pain on Putin. But there will be cost as well here in the United States… defending freedom is going to cost, it’s going to cost us as well, in the United States.” When pressed further about the rising gas prices that will result from his actions against Putin, Biden shrugged, “can’t do much right now, Russia’s responsible.” But, in fact, it was Joe Biden’s energy policy that he implemented on his first day in office which has caused the United States to become dependent on Russian oil to fill our energy needs, and now he is pulling the rug out from under our feet.

Senator Elizabeth Warren tried to redirect the blame of the rising gas prices by attacking the oil and gas companies when she lashed out at them by saying, “The cause of rapidly rising energy prices for consumers and manufacturers is clear: some of the nation’s largest and most profitable oil and gas companies are putting their massive profits, share prices and dividends for investors, and millions of dollars in CEO pay and bonuses ahead of the needs of American consumers and the nation’s recovery from the pandemic… these price increases are being driven by energy companies’ corporate greed and profiteering.”

But ironically, it is her industry, the government, which profits off the oil and gas industry the most. The profit margin for oil and gas companies on their sale of gasoline is 6.8% which is 6.8 cents on every dollar spent on gasoline. So, when gasoline cost four dollars per gallon, the profit the oil and gas company makes from the sale of 1 gallon of gas is 27 cents. Ironically, the tax on gasoline is on average 53 cents per gallon. So, the government, which people like Elizabeth Warren represent, who are continually calling oil companies price gaugers and profiteers, makes twice as much money off the sale of gasoline than the greedy oil companies. And the government does nothing to produce the gasoline that is sold, they are solely profiting off of. And it is usually their misguided policies which are driving up the price at the pump. But Elizabeth Warren will never say any of this because it would expose the scam that she is in on.