Psaki claims it’s the fault of oil companies on why they aren’t producing more and here’s why that’s BUNK

Peter Doocy went rounds with Jen Psaki today on the administration holding back the American oil industry.

But Psaki continues to claim that the oil industry has all these leases they aren’t using, 9,000 of them, and they could drill more if they wanted to.

Watch:

 
I honestly don’t understand what all is involved in getting a lease and drilling for oil, but I did find an interview from yesterday where Larry Kudlow explains that what Jen Psaki is claiming is a complete red herring.

I’ve got it cued up to 2:49 to get right to the point:

Kudlow says just because an oil company has a lease doesn’t mean they can just start drilling for oil. He says “they need permits for actual sales, for actual drilling and for actual pipelining.”

He argues that “the whole story here is that they’re not getting any applications through”, adding that “the interior department is stopping them, the energy department is stopping them, the EPA is stopping them and of course they’re under assault from the SEC and the federal reserve not to make loans to oil companies.”

Sandra Smith added that, via the Fox News brainroom, that during the Trump administration there were only 5,000 or so leases outstanding. The reason there are 9,000 right now is because the oil industry got a bunch of leases all at tone time because they feared exactly what the Biden administration is doing right now, putting the kibosh on the oil industry.

But the bottom line, according to Kudlow, is that the Biden administration is absolutely throttling the oil industry here and it’s all because of their Climate Change agenda.

Regarding the Keystone and Psaki’s argument that getting the Keystone up and running would do nothing because we are already getting the oil in other ways, that’s also not true either.

Shannon Bream had on a Trump EPA official last night who explained that while it is true that the US is getting oil from Canada in other ways, the pipeline would mean that we would be getting a lot more oil and it would be coming from a friendly ally as opposed to Venezuela or the Saudis.

Milloy says that the Biden administration really doesn’t care about the higher gas prices because they believe it’ll push more Americans into electric vehicles. Which is essentially what Pete Buttigieg was saying yesterday:


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