Joe Biden initiated a $3.7B windfall in profits by selling at the high and buying back into the reserve at a low. Now the GOP wants to stop that from ever happening again! This is how the GOP wants to "help" you. By passing legislation that will never pass to virtue signal that they hate profitable decision making by a democrat.
Republicans, who spent two days this week voting on amendments and passing the measure, have sought to blame last year's surge in gasoline prices on Biden's green energy policies, which they contend have crimped U.S. oil production, sending prices and inflation skyrocketing. Gasoline prices peaked at a record national average $5.05 per gallon in June, but declined steadily over the next three months.
Not really sure how this bill is suppose to work.
The bill would prohibit non-emergency releases from the Strategic Petroleum Reserve unless the government approves a corresponding increase in domestic oil and gas production on federal lands.
The government doesn't "approve production". The government sells and approves leases and permits. How do these Congress idiots not know this? What, do they want the government to go in and do the drilling? Hell, I am all for it.
WIth no chance of being heard in the Senate, and even if by some miracle it cleared the Senate, Biden would certainly veto it. So, IT WAS A WASTE OF TIME. And that is all we have seen from this Republican congress since the getgo. Inflation, have they done anything to address inflation? Hell, I don't know, stopping the exporting of diesel would be a good start. Banning corporate stock buybacks, even if just temporarily, would alleviate pressure on prices. What about the border? I mean anything? More funding for the INS? Increased capacity for immigration courts? Hell, A FLIPPIN WALL. Nope, nothing, NADA. The opioid crisis, fentanyl, anything? Bueller? Bueller? No, nothing.
From where I sit they have one accomplishment, passing a bill to eliminate those 87,000 new IRS agents. It has no chance of clearing the Senate, would also be vetoed, and was a huge waste of time. But hey, protecting high income tax cheats was the signal they needed to send to keep the money coming in.
Look, they got sent to Congress to do the "people's business". I mean it is called the "people's house". For the next two years the only thing these Republicans are interested in is "signaling". The only thing they are concerned with is the election of 2024. Sure, they might attempt to throw a few bones to their corporate and wealthy contributors. But for you and I, well they aren't going to do jack shit.
Now we got this debt ceiling thing hanging over our head. I tell you how I would handle it. First, I would draft an executive order banning the burning of "gob", or waste coal. I wouldn't sign it, just send an engraved copy to Joe Manchin. Then I would have Senate Democrats motion to adjourn Congress, for the entire two year term. Naturally, the House would not agree. Then it becomes, pass a clean bill to increase the debt ceiling or, under Article 2, Section 2, of the US Constitution I am sending all your asses home, WITHOUT PAY, till the beginning of the next term.
I be damn if I would sit back and let a dysfunctional Congress spend two years and millions and millions of dollars working to "signal" for the next election. Either they do what they were elected to do, or they go back home and watch Netflix.
