Essay by Eric Worrall
h/t Dr. Willie Soon; Energy Secretary Jennifer Granholm, who last month pocketed 1.6M exercising share options on an Electric Vehicle company, has suggested people experiencing gasoline pain should just buy an EV.
Biden’s Energy Secretary Jennifer Granholm insists high gas prices are ‘a very compelling case’ to buy an electric car: Official is worth $8million and recently exercised $1.6m stock option in electric car company
- Granholm, in a clip surfaced Tuesday, made the case for going electric amid sky high gas prices
- ‘If you filled up your EV [electric vehicle] and you filled up your gas tank with gasoline, you would save $60 per fill-up,’ she said
- Granholm made similar points in a White House press briefing in May 2021. ‘If you drive an electric car, this would not be affecting you,’ she said then
- Granholm, who is worth $8million according to Forbes
- Last month she also exercised stock options in Proterra, an electric vehicle company where she served as a director
- She ended up pocketing $1.6 million on the transaction, according to an energy department spokesperson
By STEPHEN M. LEPORE FOR DAILYMAIL.COM
PUBLISHED: 11:39 AEST, 15 June 2022 | UPDATED: 12:34 AEST, 15 June 2022
President Joe Biden‘s Secretary of Energy Jennifer Granholm became the latest Democratic politician to suggest the solution to high gas prices was to buy an electric vehicle.
Granholm, in a clip tweeted out by the Republican National Committee Tuesday, made the case for going electric amid sky high gas prices.
‘If you filled up your EV [electric vehicle] and you filled up your gas tank with gasoline, you would save $60 per fill-up by going electric rather than using gasoline but it’s a very compelling case, but again, we want to bring down the price at the point of purchase,’ Granholm, the former governor of Michigan, said.
Her comments come as the national average price for one gallon of gas has skyrocketed to over $5.
Granholm made similar points in a White House press briefing in May 2021, according to Fox News.
‘If you drive an electric car, this would not be affecting you,’ she said at the time.
Granholm, who is worth $8 million according to Forbes, recently served as director of an electric car company – and held millions in the firm’s stock.
Last month she exercised stock options in the company, called Proterra, pocketing $1.6million from the transaction, according to an energy department spokesperson.
…
What a charmer – Secretary of Energy Jennifer Granholm financially benefitted from a company whose value is soaring thanks to a gasoline price crisis which the Biden administration she serves helped to create, via their war on oil pipelines and oil and gas exploration.
No word yet if any of the Biden family serves on the boards of EV companies Jennifer is involved with.
Update (EW): Breitbart reports Biden has instructed Granholm to meet with oil companies, to figure out ways to boost production and reduce gasoline pump prices. This follows on from a letter Biden sent to oil companies, which contained the ominous warning “my Administration is prepared to use all reasonable and appropriate Federal government tools and authorities to increase refinery capacity and output in the near term”. Biden expects oil companies to bring an explanation for their lack of production to their meeting with Granholm.
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
If everyone purchased an electric vehicle we would need an additional 600 oil fired electric production plants. Those plants would burn oil, then produce electricity. That electricity would be delivered by the grid. The electricity would then be converted to DC power, and batteries of vehicles would be charged. Then the batteries would be used to power the electric drive motors of the vehicle. Believe it or not the losses for all these transformations of power are the SAME as if one powered the average vehicle with gasoline.
This means that the POWER COMPANY will be the ONLY purchaser of petroleum and that they will be paid by every person an extra fee to deliver the power, an extra PROFIT.
The Democrats are in BED with BIG power companies! In fact in MOST democrat lead states one can not choose their power company and the monopoly is guaranteed a MINIMUM profit to share holders. The entire idea is to cheat the people steal from us and give us LESS control and choice over our lives.