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Non-Tech : Kirk's Market Thoughts

COHR 185.83

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Dec 19 9:30 AM EST

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To: berniel who wrote (13340)	3/14/2022 3:46:03 PM
From: Kirk ©	Read Replies (1) of 26807

Yup... he has to own that. Here is what I posted on FB.... OK. I've heard enough nonsense from political hacks on TV to give an easy answer. Biden could get domestic production to surge starting now by with acts: #1 He could PROMISE to veto ANY new bill given to him that has any new taxes on the oil industry. Say they already pay a very good corporate tax on their income and their dividend collectors pay a second tax on those dividends via their 1040 tax returns. #2 He could "pull a Trump" and reduce the regulations including the new regulations he put in requiring the effects of climate costs. As a show of "good faith" he could invite the senators and CEOs from the oil states to the White House to publicly ask them what he can do to speed domestic production rather than having to beg OPEC countries to increase their production. I'm not saying this is what he SHOULD do, but it is what he CAN do. Until he owns the fact he and his congress have #1 and #2 "in the chamber" I can't see anyone stupid enough to risk capital on new production...

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