Debunking the Claim that Biden Admin Has Been Good for Oil & Gas

We've read the canard a number of times in recent months that the Biden administration has been good for oil and gas. Why? Because (goes the Democrat line), O&G is producing more now than ever. Because O&G companies are more profitable now than ever. Because O&G shareholders are doing better now than ever. So the Dems believe O&G should love the Biden administration. But here's the truth: O&G is doing OK now DESPITE the onslaught against it by the Biden administration. The health and well being of O&G companies today is NOT the result of Biden's policies (which have sought to destroy fossil energy), but despite those policies. We are doing OK today because of the lingering benefits of the policies put into effect under Donald Trump, not because of anything Joe Biden has done.

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