Political Quotes

“What I said was, in Trump's last year, refineries in the U.S. reduced their capacity by more than 800,000 barrels. That didn't have anything to do about leases. That had to do with an economic decision, which probably made sense because what happened is the economy was contracting. Madam Speaker, 2.8 million net jobs were lost during the 4 years of Trump, and 8.7 million have been gained. As they have been gaining, people are getting back in their cars. They are getting back and driving. They are spending on the economy. But what happened? The pandemic had shut down supply lines. And the oil companies, rationally, when demand went down, they reduced capacity. They don't need a new lease to go back up to the 800,000. They were doing it under the present authorization that they have. That was my point. It continues to be my point. The companies have made a decision and they are not moving ahead rapidly to try to get more production. One of the reasons is--I get it--they are making a lot of money. Some oil companies have got 300 percent greater profits now than they had some years ago. 300 percent. So, why do we need to do more product? We are making great money. Chevron says it had the most successful year in 2021 than it has ever had. It may be another oil company. I may be wrong on that. Was it Chevron? I am asking somebody who probably knows the answer better than me. One of the oil companies reported that. I am not criticizing them for that.…”