Who’s More Un-American: Oil Companies
Or Joe Biden?
Posted By: RockyTCB, 12/13/2022 6:23:15 AM
When Biden administration officials aren’t promising to put them out of business, they’re calling oil companies “un-American” for not drilling more. They should look in a mirror. Amos Hochstein, Joe Biden’s “senior adviser for energy security” at the State Department, complained to the Financial Times last week that oil companies were using profits to buy back stock rather than invest in oil production. “It is not only un-American, it is so unfair to the American public,” he said. “You want to pay dividends, pay dividends. You want to pay shareholders, pay shareholders. You want to get bonuses, do that, too. You could do all of that and still invest more.
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