Connect with us

Nation

Ted Cruz Slams Biden Admin Over ‘Talking Points Written By An 18-Year-Old Intern’

Published

on

During a press conference on Thursday, Sen. Ted Cruz (R-TX) slammed the Biden administration for misleading Americans by arguing that oil companies are at fault for rising energy prices due to unused oil and gas leases.

“Their latest talking point is there’s all these wonderful permits that just the oil companies for whatever reason don’t want to drill upon,” Cruz said. “Now, I understand that the White House’s talking points are written by an 18-year-old intern who’s taking freshman socialism, but it would be good to have someone who has actually worked in the private sector and has some awareness of how energy is produced.”

“Energy producers will drill for oil and gas wherever it is profitable, wherever it is viable,” he continued. “Many of those permits are not being drilled because if you got a natural gas well that you’re trying to drill, you have to have a pipeline to carry the gas from the well to its end users and the Biden Administration is also freezing pipelines.”

On Monday, Fox News asked White House Press Secretary Jen Psaki why President Biden has refused to resume issuing new oil and gas leases on federal lands. Psaki responded by saying “there are 9,000 approved drilling permits that are not being used.”

However, representatives in the energy industry said that Psaki’s “accusation” was a “complete red herring.”

“That accusation is a complete red herring,” American Exploration & Production Council (AXPC) CEO Anne Bradbury told FOX Business. “It’s really a distraction from the fact that this administration has paused leasing on federal lands, something that we’re concerned about and something that we think needs to continue right away.”
Kevin O’Scannlain at the American Petroleum Institute (API) made similar comments.

“The argument about ‘unused’ leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world’s leading producer of natural gas and oil,” O’Scannlain said. “It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. This is false. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad.”

“Ultimately, energy policies affect the energy investment climate,” O’Scannlain continued. “Specifically, they impact the ability of producers – typically accountable to shareholders – to take the risks involved in spending billions of dollars to find and develop oil and gas. Mischaracterizing the way federal leases work does not help foster new investment and risk-taking.”

O’Scannlain also explained that “When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing… Developing a lease takes years and substantial effort to determine whether the underlying geology holds commercial quantities of oil and/or gas. The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way.”

Continue Reading
3 Comments

3 Comments

  1. Stephane

    March 11, 2022 at 5:44 pm

    My eighteen years old daughter and son were smarter than the dumb 18 years old, ( or was it a 35 years old tree hugger paid by soros?)!
    It is unbelievable that anyone in the White House there is NO ONE who can do anything better than that!

  2. Pherbia Stephens

    March 12, 2022 at 11:39 am

    What is the Biden administration trying to do to our country? Do they think that us natives of our beloved country are so dumb to not know that continually tell us a bunch of lies? Why can’t we hear the truth once in a while?? Our best interest is to have our own country provide us wit our own natural resources which is why God provided them for us in the first place.

  3. Michelle Brown

    March 14, 2022 at 9:13 am

    That is the only thing this administration does consecutively: lie and mislead the public. If they would only take responsibility for their own failures… We know that will never happen. Their motto is to pass the buck

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Federal Reserve Economist on hidden camera: ‘we don’t want Trump to be in the government’

Published

on

Screen Shot 2019 01 04 at 7.05.24 PM

Hidden Camera captures Principal Economist at the Federal Reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” According to hidden camera footage of Aurel Hizmo, principal economist at the Federal Reserve, the U.S. agency could have fixed inflation a while ago but refused to do so for fear of hurting President Joe Biden’s re-election efforts.

Hizmo told an undercover reporter that the Fed stopped raising the rates to tackle inflation because it could cause a recession that would likely end Biden’s 2024 campaign.

The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”

 

 

Continue Reading

Trending