Tuesday, October 27, 2020

What Is Important Is That The American People Understand The Word "TRANSITION."

 The America people understand exactly what democratic Presidential candidate Joe Biden means when he says a Biden administration will work to expand the country's energy sector from fossil fuels to clean renewable energy by a certain date and it will be done by TRANSITION.  Trump and his ditto heads, some Oil and Gas executives included, sought to use a lie saying Joe Biden would immediately shut down the industry and the jobs associated with it.  They allow themselves to not understand the word TRANSITION in favor of a stupid lie thinking about the election around the corner.

The Oil and  Gas industry, like Trump, have been lying for years about democratic administrations trying to put them out of business.  The Kennedy-Johnson administration in the 1960's eliminated their tax breaks called the 12 and half percent depletion allowance and the industry claimed it would put them out of business.  Well of course as every one knows it did not because the administration knew it was just another tax gift to an industry that did not need it.  Plus the readers of PolitiDose understood from previous commentary that the industry does better on the democratic watch.

According to the LSU Center For Energy Studies, 8,000 oil and gas jobs were lost in Louisiana since the start of the economic recession.  From 72,000 workers to 64,000 workers.  In a separate report by the Baker-Hughes rig report on October 23, there were 12 rigs working offshore and that a year earlier there were 21 rigs operating, a reduction of 43%.  And it took  place on Trump's watch.  We also  know as fact that the oil and gas industry did better under the administration of President Obama than they did under President George W. Bush and also so far under President Trump.

TRANSITION, such an easy word to understand if one has the wisdom to do so.


This commentary written by Joe Lorio

  





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