GIVE TIL IT HURTS

The continued existence of this site depends entirely on contributions from its readers. If you're able to, please consider donating or subscribing to CF. Thanks!


  

THANKS!

Speaking out both sides of their mouths

The Jews have an excellent word for this sort of thing: chutzpah.

“I think that the idea that financiers would tell companies in the United States not to increase production and to buy back shares and increase dividends when the profits are at all-time highs is outrageous,” said Amos Hochstein, President Biden’s international energy envoy. “It is not only un-American, it is so unfair to the American public.

“You want to pay dividends, pay dividends. You want to pay shareholders, pay shareholders. You want to get bonuses, do that, too. You could do all of that and still invest more. We are asking you to increase production and seize the moment.”

The Biden adviser’s comments will spark a reaction in the US shale sector, which has complained about mixed signals from a White House that has called for more fossil fuel output while also talking of cutting demand and speeding up a shift away from oil and gas.

But Hochstein denied any contradiction, saying the US could “do two things at the very same time, ensuring we have enough [oil] supply for a strong global economy, while accelerating the energy transition”.

Hochstein also criticised ExxonMobil’s $50bn share buyback scheme, announced last week — a payout chief executive Darren Woods recently described as returning some money “directly to the American people”.

“The only thing worse than announcing a share buyback, is to say that is how you’re giving profits back to the American people,” Hochstein said. “If you want to give back to the American people, invest in America, its workers…increase production, [make] the United States less dependent on other countries.”

Funny, but I seem to recall the US having become effectively energy independent thanks to a certain previous President’s removal of the FederalGovCo noose from around the neck of the fossil-fuel industry, resulting in much lower gas and oil prices for ordinary Americans than they’ve suffered under ever since the Presidency was usurped—a most felicitous development that Pedo Joe undid completely, before lunchtime, on his very first disastrous day of besmirching the Oval Office. Rick Moran dispenses with this Biden-junta douchewad’s transparently self-serving codswallop.

Here’s where the lack of cognitive skills comes to the fore. In the first six months of the Biden administration, the president was running around the world gleefully telling anyone who would listen that he was going to end fossil fuel use. And yet, Amos Hochstein, President Biden’s international energy envoy and chief energy advisor, is railing against Wall Street and shale oil companies for not ignoring the president’s promise to destroy them and going ahead to drill, drill, drill, anyway.

“I think that the idea that financiers would tell companies in the United States not to increase production and to buy back shares and increase dividends when the profits are at all-time highs is outrageous,” said Hochstein. “It is not only un-American, it is so unfair to the American public.”

Said the number one cheerleader for destroying the oil and gas industry in America.

This guy can’t even walk and chew gum at the same time, and he’s telling us that the government can both destroy the fossil fuel industry and require it to do its bidding on increasing supply?

The U.S. is in the very best of hands.

For selected values of the word “best,” I suppose. Somebody needs to explain to this asshole what really IS “un-American,” what really IS “unfair to the American public.” You’d think he’d recognize those things when he sees ’em, from long familiarity and a lifetime’s experience with them. Apparently not, though.

 

1

6 thoughts on “Speaking out both sides of their mouths

  1. The difficulty with oil production is that you have to keep at it just to stay in place. Then it whipsaws, and the solution for high prices is . . . high prices. Until it isn’t. Biden has celebrated an energy economy that will make us all poorer. I wonder why?

    Control, I think.

  2. It certainly is interesting and not a little ironic that Jews have a word like chutzpah that so aptly describes so many of them….

  3. Bottom line is that a company is free to do with its assets what it seems best for it’s shareholders.

    If you penalize energy investment then they will not invest in energy.
    Dividend taxes? Then they will not pay dividends.
    The most tax efficient, and therefore proper, use of cash flow that cannot be reinvested for a reasonable return, it to return it via cash buybacks.

    There was this dolt over at DP that insisted the government should insist cash flows via tax breaks should be forced to be reinvested. Like it’s the government’s money and corporations should be forced to do what the government wants with THEIR money.

    Fascist. That’s what “Fascist” really means.

Comments are closed.

Latest Posts

Latest Comments

CF Archives

Categories

Comments policy

NOTE: In order to comment, you must be registered and approved as a CF user. Since so many user-registrations are attempted by spam-bots for their own nefarious purposes, YOUR REGISTRATION MAY BE ERRONEOUSLY DENIED.

If you are in fact a legit hooman bean desirous of registering yourself a CF user name so as to be able to comment only to find yourself caught up as collateral damage in one of my irregularly (un)scheduled sweeps for hinky registration attempts, please shoot me a kite at the email addy over in the right sidebar and let me know so’s I can get ya fixed up manually.

ALSO NOTE: You MUST use a valid, legit email address in order to successfully register, the new anti-spam software I installed last night requires it. My thanks to Barry for all his help sorting this mess out last night.

Comments appear entirely at the whim of the guy who pays the bills for this site and may be deleted, ridiculed, maliciously edited for purposes of mockery, or otherwise pissed over as he in his capricious fancy sees fit. The CF comments section is pretty free-form and rough and tumble; tolerance level for rowdiness and misbehavior is fairly high here, but is NOT without limit.

Management is under no obligation whatever to allow the comments section to be taken over and ruined by trolls, Leftists, and/or other oxygen thieves, and will take any measures deemed necessary to prevent such. Conduct yourself with the merest modicum of decorum, courtesy, and respect and you'll be fine. Pick pointless squabbles with other commenters, fling provocative personal insults, issue threats, or annoy the host (me) and...you won't.

Should you find yourself sanctioned after running afoul of the CF comments policy as stated and feel you have been wronged, please download and complete the Butthurt Report form below in quadruplicate; retain one copy for your personal records and send the others to the email address posted in the right sidebar.

Please refrain from whining, sniveling, and/or bursting into tears and waving your chubby fists around in frustrated rage, lest you suffer an aneurysm or stroke unnecessarily. Your completed form will be reviewed and your complaint addressed whenever management feels like getting around to it. Thank you.

Ye Aulde CF Blogrolle–now with RSS feeds! (where available)

"Mike Hendrix is, without a doubt, the greatest one-legged blogger in the world." ‐Henry Chinaski

Subscribe to CF!

Support options

Shameless begging

If you enjoy the site, please consider donating:

Become a CF member!

Correspondence

Email addy: mike-at-this-url dot etc
All e-mails assumed to be legitimate fodder for publication, scorn, ridicule, or other public mockery unless specified as private by the sender

Allied territory

Alternatives to shitlib social media: A few people worth following on Gab:

Fuck you

Kill one for mommy today! Click to embiggen

Notable Quotes

"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards."
Claire Wolfe, 101 Things to Do 'Til the Revolution

Claire's Cabal—The Freedom Forums

FREEDOM!!!

"There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters."
Daniel Webster

“When I was young I was depressed all the time. But suicide no longer seemed a possibility in my life. At my age there was very little left to kill.”
Charles Bukowski

“A slave is one who waits for someone to come and free him.”
Ezra Pound

“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”
Frank Zappa

“The right of a nation to kill a tyrant in case of necessity can no more be doubted than to hang a robber, or kill a flea.”
John Adams

"A society of sheep must in time beget a government of wolves."
Bertrand de Jouvenel

"It is terrible to contemplate how few politicians are hanged."
GK Chesterton

"I predict that the Bush administration will be seen by freedom-wishing Americans a generation or two hence as the hinge on the cell door locking up our freedom. When my children are my age, they will not be free in any recognizably traditional American meaning of the word. I’d tell them to emigrate, but there’s nowhere left to go. I am left with nauseating near-conviction that I am a member of the last generation in the history of the world that is minimally truly free."
Donald Surber

"The only way to live free is to live unobserved."
Etienne de la Boiete

"History does not long entrust the care of freedom to the weak or the timid."
Dwight D. Eisenhower

"To put it simply, the Left is the stupid and the insane, led by the evil. You can’t persuade the stupid or the insane and you had damn well better fight the evil."
Skeptic

"There is no better way to stamp your power on people than through the dead hand of bureaucracy. You cannot reason with paperwork."
David Black, from Turn Left For Gibraltar

"If the laws of God and men, are therefore of no effect, when the magistracy is left at liberty to break them; and if the lusts of those who are too strong for the tribunals of justice, cannot be otherwise restrained than by sedition, tumults and war, those seditions, tumults and wars, are justified by the laws of God and man."
John Adams

"The limits of tyranny are prescribed by the endurance of those whom they oppress."
Frederick Douglass

"Give me the media and I will make of any nation a herd of swine."
Joseph Goebbels

“I hope we once again have reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: As government expands, liberty contracts.”
Ronald Reagan

"Ain't no misunderstanding this war. They want to rule us and aim to do it. We aim not to allow it. All there is to it."
NC Reed, from Parno's Peril

"I just want a government that fits in the box it originally came in."
Bill Whittle

Best of the best

Finest hosting service

Image swiped from The Last Refuge

2016 Fabulous 50 Blog Awards

RSS feed

RSS - entries - Entries
RSS - entries - Comments

Boycott the New York Times -- Read the Real News at Larwyn's Linx

Copyright © 2024