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PaperclipPerfector  8mo ago (text post)   26186 thread views

Culture War Roundup for the week of March 18, 2024

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Trump was genuinely pro-oil and gas, thus US oil production reached record highs under Biden due to delayed-action investment.

That's not at all evident in the data. It looks like we need to thank Obama for the upward trend in US oil production. That or people are overcrediting their favorite president for trends that are mostly driven by things other than US executive policy.

Hmm, on balance it looks like a rather complicated story of leases v permits by each president. There are of course non-executive factors involved, the fracking boom for one.

However, I maintain that Trump was more pro-fossil fuel than Biden. Oil companies voted with their pockets:

Little wonder that Trump Victory, the joint fundraising committee of Trump’s campaign and the RNC, has raked in $9.3m from fossil fuel donors in 2019-2020, while its counterpart Biden Victory has raised a meager $40,465 from fossil fuel donors in the same period, according to Open Secrets.

Bill Miller, a major industry lobbyist and consultant in Austin, told the Associated Press that while many fossil fuel companies were hurt by the pandemic, parts of the industry had begun to recover. “It’s the kind of industry that remembers their friends through thick and thin, and Trump is their friend.”

https://www.theguardian.com/us-news/2020/aug/09/big-oil-trump-campaign-donations-fossil-fuel-industry

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