ENB Publishers Note: If the government can regulate the refineries out of business, why would they want to give the profits back to everyone and not even have operating capital to upgrade equipment to improve environmental capabilities? The Biden administration believes that they can save the consumer $1.00 per gallon if the refiners would give all the profits back. That is not how the world’s pricing models work. Just asking for a friend……
From The Western Journal –
Doocy pointed out that new electric vehicles are currently far more expensive than new gas-powered cars, and even with more expensive gasoline, EVs are simply not cost-effective.
Yet Biden continues to claim he wants to destroy the oil industry and insists that all Americans need to buy electric cars. Doocy wanted to know just how much of this “painful transition” Biden expects of Americans.
“A lot of people can’t afford a $60,000 electric car, and they also are having a hard time affording gas right now. That sounds like a painful transition,” he said.
“First of all — that’s apples and oranges,” she exclaimed before talking of Biden’s widely disliked idea of a gas tax holiday.
“It is going to make a difference,” Jean-Pierre insisted. “We’re talking about 18 cents on the federal level; we’re talking about an average of 30 cents on the state level. And if the oil refinery does their job, if they do what we are asking them to do, which is put their profits back in so that gas prices can go down — that’s almost $1.00 per gallon. That matters.”
She then listed some folks to whom the administration apparently believes it matters — teachers, construction workers and, rather oddly, lifeguards — before moving to another journalist.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
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Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.