Congress Laughs And Boos Biden Over Claims About Oil And Gas Industry
President Joe Biden He was both laughed at and booed over comments he made on Tuesday night about the oil-and-gas industry during his State of the Union address.
Biden claimed that the industry made record profits during a global energy crisis because they “invested too little of that profit to increase domestic production and keep gas prices down.”
“Instead, they used those record profits to buy back their own stock, rewarding their CEOs and shareholders,” He claimed. “Corporations ought to do the right thing.”
Biden, in fact, is the one who Restrictions in place By cancelling drilling leases, he can drill domestically. He instead Elevated Energy production sanctions against socialist dictatorships of countries like Venezuela.
“We’re going to need oil and gas for a while,” Biden admitted to it at one point, causing boos from Democrats in Congress.
Republicans laughed at Biden’s comments about the economy later. “we’re going to need oil for at least another decade” Because the U.S. will continue to require oil for many more years than just another decade.
Biden just said we only need another decade of oil use and everyone laughed at him 😂😂😂 pic.twitter.com/fvPae30q3M
— Caleb Hull (@CalebJHull) February 8, 2023
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