https://issuesinsights.com/2022/12/13/whos-more-un-american-oil-companies-or-joe-biden/
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. We are asking you to increase production and seize the moment.”
This is the same guy, by the way, who just a few months ago said that oil output must be limited in order to “make sure that we’re in a better footing to accelerate the transition” away from fossil fuels.
In any event, by Hochstein’s standard, Biden is the most un-American president in history, because his policies are behind both the industry’s increased profit margins and its decision to spend that money on stock buybacks rather than increase production.