Alex Epstein

@AlexEpstein ↗

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Last Checked Nov. 11, 2022

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Wed Nov 02 15:52:47 +0000 2022

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Alex Epstein @AlexEpstein

Biden accusing companies of not investing enough "windfall profits" is yet another denial tactic. For 15+ years anti-oil politicians have done everything they can to make new oil production unprofitable—discouraging investment. Taxing profits more discourages investments more. — PolitiTweet.org

Posted Nov. 2, 2022

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Alex Epstein @AlexEpstein

Observe that Biden’s SPR abuse has been coupled with an unapologetic increase in anti-oil policies. Just this week he proposed a "windfall profits tax" to *further* punish an industry he has already been attacked on every front (investment, production, refining, transport). https://t.co/qacMN6ohv8 — PolitiTweet.org

Posted Nov. 2, 2022

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Alex Epstein @AlexEpstein

Summary: President Biden is not using the SPR to protect America’s oil security. He is *abusing* the SPR to *harm* America’s oil security, by depleting it when there isn’t a security threat to cover up the long-term security threat—and high cost—of his anti-oil policies. — PolitiTweet.org

Posted Nov. 2, 2022