MRP 178: We React to Biden Claim that Oil Industry is Not Innovative

The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands

On October 31st, Joe Biden made remarks about oil company record profits. He acknowledged that companies should earn a fair return for innovation and at the same time claimed that current oil company profits are a result of profiteering instead of innovating. In this episode, we react to this claim and provide examples of how oil industry profits are a direct result of innovation and this has resulted in lower energy prices here in the U.S.

As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.