Biden: “When I talked to a couple of [oil companies], they say, ‘we are afraid you are going to shut down all the oil refineries anyway, so why should we invest in them?’ I said, we are going to need oil for at least another decade.”
….During these off-the-cuff remarks, Biden’s admission came in the form of an anecdote, recounted here by Fox News:
The president then told an anecdote in which an oil executive asked him why his company should invest in fossil fuel projects in light of the negative business atmosphere for oil and gas projects. Biden said he responded that oil and gas would be needed for years to come.
“They said, ‘well, we’re afraid you’re going to shut down all the oil wells and all the oil refineries. So, why should we invest in them?’ I said, ‘we’re going to need oil for at least another decade and beyond,’” Biden added.
Did you get that? Biden admitted that the oil industry — which remains crucial to our entire way of life, no matter what the Earthist fantasizers say — will not invest in domestic production because they don’t trust him.
Biden has earned every drop of that distrust with his egregious actions to eradicate domestic fossil fuel production beginning the day he was inaugurated. He kicked off the hostilities by shutting down the Keystone XL Pipeline project — costing thousands of jobs and throwing away billions of dollars. He has bashed, threatened, and throttled the oil industry ever since.