ExxonMobil Chairman and CEO Darren Woods detailed his thoughts on the Inflation Reduction Act and explained why his belief that the legislation is ‘technology agnostic’ makes him a fan of the bill. Woods spoke with Yahoo Finance’s Julie Hyman at the CERAWeek by S&P Global Conference in Houston, Texas, on March 18, 2024.
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The Inflation Reduction Act…the Act that spends a lot of money, counterproductive to reducing inflation, to give out green energy grants, which have nothing to do with reducing inflation, and which probably won’t work. There are no tradeoffs here, it’s only losses for the country
Dude, just keep finding ways to drill oil more efficiently. In 10 years, your avg American is not going to be concerned with carbon emissions. We’ll be drowning in double-digit gas prices.
Drill baby drill
In a rare moment of honesty even CNN admitted the Inflation Reduction Act had very little to do with inflation reduction. The legislation was nothing more than a climate change/Green Energy bill that actually fueled inflation because inflation is created by government spending. The Green Companies take billions of dollars of taxpayer subsidies and then funnel some of those taxpayer funds back to the democrat party, we’re being scammed and played, it’s a corrupt system that will destroy America.