Fox hosts defend massive profits for oil companies amid rising gas prices
Jesse Watters: “He's threatening to confiscate their profits like some third world dictator”
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From the June 15, 2022, edition of Fox News' The Five
JESSE WATTERS (CO-HOST): Let's go back to 2020 when a barrel of oil was less expensive than a slice of pizza. Do you remember it went negative for a while? Gas for a couple of months in that year, I think it was like less than $2 a gallon and ExxonMobil had its worst year ever. They lost 22 billion -- with a "b" -- dollars. Things turned around, demand went up, price of oil went back up and now they're making profit. So, Joe gets freaked out because every time the gasoline prices go up his approval rating goes down and he starts screaming and threatening these oil executives. And tells them to increase supply.
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Those oil execs have to be thinking to themselves, "Can you do something on permits? Can you get the SEC off our back? Can you make those crazy radical left-wing green lawyers stop suing us every time we try to start a project? Or how about helping us and building a refinery?" We haven't built a major one since the 1970s.
So, he's panicking, and you saw this coming because he ran on getting rid of fossil fuels. That was a direct quote. "We'll get rid of them. We'll phase them out." And then he gets in the Oval and he does everything to do that through lawsuits and regulations. But now, they think he's basically like the undertaker for the fossil fuel industry. Right? They're going to put you out of business if you're a head one of these companies.
And then he starts freaking out because he's going to lose the midterms and possibly the next election and now he's like, "Drill baby drill." Joe Biden has turned into Sarah Palin, he's getting that desperate. And now he's threatening to confiscate their profits like some third world dictator. This is not how the President of the United States should be acting. This is not a coherent energy policy.