Almost.
This administration has spent 16 months tearing down energy producers and the economy of this country, while causing huge inflation. It will take much longer to course correct.
I agree when they finally noticed what they had done, they looked around to discover that there is really nothing that they could change over the short term, so they released our SPR and sent it to the EU, I am still not sure why.
Next, they started begging other countries for more oil while still in this country failing to support domestic production. Just recently I read that Wells Fargo was to require onerous requirements to secure an energy loan, so nothing is changing.
So, until I see bonafide proof that they really want to change the dynamic for energy production in the USA, I want to be on the record saying that in my opinion they wasted not only the SPR, but the time and goodwill that it bought them. There is no excuse, and they cannot blow enough smoke to hide from the truth and that will haunt them politically.
Usually these energy projects from inception to final product could take a year or longer. I do not see the administration taking any moves to get it started any sooner. We need not only the reserves, but the equipment, manpower, tools, engineering, financing, policies, and management. So far, I am not seeing it. Any of it.
Energy producers are struggling to find the resources needed to finish current projects, so I am unsure how quickly they will actually push forward to begin new ones.
Mrs. Smith
