Progressive-Democrats really do not want our nation to be energy independent or to be able to support our friends and allies—and acquaintances around the world—with energy exports for the foreseeable future. For motives known only to themselves, they want to kill our energy capability until their dream of “green” energy comes to fruition, in that future distant beyond the foreseeable.
Senate Democrats are threatening to punish US oil companies with a windfall-profits tax if they increase production.
This also illustrates Progressive-Democrats’ utter disinterest in the way economics and economies work (I’m reluctant to say these Know Betters are ignorant of those ways).
The Senators plan would require companies that produce or import at least 300,000 barrels of oil per day (or did so in 2019) to pay a per-barrel tax equal to 50% of the difference between the current and average price between 2015 and 2019 (about $57 a barrel).
Since increasing supply relative to demand brings down price, one counter to this Progressive-Democrat war on our energy economy is to drill, baby, drill.
Another counter becomes available this fall—we need to fire Progressive-Democrats from our State and Federal governments so that energy producers can drill, baby, drill.