Many pundits argue that not expediting Drilling Operations in America is intentionally being done so that when the “pain” in the American household budget gets so unbearable, Biden will try and push through his “Green New Deal”. We saw a little bit of that with the Obama “Cash for Clunkers” program & the trade in for older household appliances @ Home Depot, Lowe’s, etc. If I remember correctly the govt. actually paid the Car Dealerships, Home Improvement stores, etc for accepting Gasoline cars on a trade for an electric vehicle. The dealerships and various merchants then used the money received from the govt. to offset & lower the cost for the Consumer Trade In.
I may be off on the actual “nuts & bolts” of how those programs actually worked, but at the end of the day the if during the crisis of ‘08(?) the Obama Administration essentially offset the cost to consumers that had a gasoline automobile, or Refrigerator to trade in for a new one. Personally, I think it highly likely that this probably true.
