Biden: ‘We’re Going to Need Oil for a Long Time and Gas for a Long Time’

Biden: “Corporate America, you had the oil companies, you know how much they made in profit this year? $200 billion in the middle of an energy crisis. Because they bought back their stock and they’re not investing in refineries, repairing them, or maintaining them. Now, they’re saying, and it’s a legitimate argument they make, they say, Biden, you want to go all — you want to go green, and in 10 years we won’t need this. Well, guess what? We’re going to need oil for a long time, and gas for long time. It’s not going to go — all go away. But the — look at all the refineries that are closed. Because they’re not investing in the nature of the business they’re involved in. It’s one example.”