As US taxpayers subsidize oil companies, the US currently produces the most oil ever produced by any country. Yet oil prices for US consumers are going up, as oil companies doubled their profits in 2022. America is exporting the same amount of crude oil, refined products and natural gas liquids as Saudi Arabia or Russia produces. Few are as greedy as big oil.
In March, the Biden administration even approved the Willow oil drilling project, a controversial ConocoPhillips drilling venture in Alaska that had been stalled for decades because of environmental concerns. That go-ahead came in the face of deep criticism from climate groups worried about the environmental and health risks.
Meanwhile, energy prices have jumped this week after BP halted shipments through the Red Sea due to security concerns. Even though the costs of producing oil in the US was unaffected by the Red Sea, it was the perfect excuse for oil companies to raise their prices.
But don’t worry, big oil’s funding of Republican politicians means that nothing will ever change. Guys like DeSantis love oligopolies as long as they pay for his Ozempic and high-heel boots. You the taxpayer will continue to pay big oil your tax dollars so that they can charge you more at the gas pump. As FDR said, when corporations control the US government, fascism results.
Stem Cells, Health, Technology 