<p>President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> was both booed and laughed at over remarks that he made about the oil and gas industry on Tuesday night during his State of the Union address.</p>
<p>Biden claimed that the industry made record profits during a global energy crisis because they &#8220;invested too little of that profit to increase domestic production and keep gas prices down.&#8221;</p>
<p>&#8220;Instead, they used those record profits to buy back their own stock, rewarding their CEOs and shareholders,&#8221; he claimed. &#8220;Corporations ought to do the right thing.&#8221;</p>
<p>In fact, Biden is the one who <a href="https://www.dailywire.com/news/death-by-a-thousand-cuts-oil-executive-details-how-biden-is-a-drag-on-the-industry" target="_blank" rel="noopener">clamped down</a> on domestic drilling by canceling drilling leases. He instead <a href="https://www.dailywire.com/news/put-america-last-biden-gives-chevron-greenlight-to-start-pumping-oil-in-venezuela-again" target="_blank" rel="noopener">lifted</a> energy production sanctions on socialist dictatorships in countries like Venezuela.</p>
<p>&#8220;We&#8217;re going to need oil and gas for a while,&#8221; Biden admitted at one point, leading to boos from Democrat members of Congress.</p>
<p>Biden was later laughed at by Republicans when he said &#8220;we&#8217;re going to need oil for at least another decade&#8221; because the U.S. is going to need oil for a lot longer than just another decade.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Biden just said we only need another decade of oil use and everyone laughed at him 😂😂😂 <a href="https://t.co/fvPae30q3M">pic.twitter.com/fvPae30q3M</a></p>
<p>&mdash; Caleb Hull (@CalebJHull) <a href="https://twitter.com/CalebJHull/status/1623150201434169344?ref_src=twsrc%5Etfw">February 8, 2023</a></p></blockquote>

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Congress Laughs And Boos Biden Over Claims About Oil And Gas Industry

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Congress Laughs And Boos Biden Over Claims About Oil And Gas Industry