Valero's Klesse: Congress interested in 'scoring populist political points'

Valero Energy, the San Antonio-based oil refiner and gasoline retailer, tends to be the most open of the U.S. refiners. They regularly publish a schedule of refinery maintenance work months in advance and send reporters notice on accidents and unplanned outages before we even pick up the phone to call.

valero Valero’s Corpus Christi refinery.

In its earnings release today (net income of $734 million or $1.40 per share, down from $2.2 billion, or $3.66 per share last year) the company extends its “openness” with a lengthy diatribe from Chairman and Chief Executive Officer Bill Klesse.
It’s the sort of plain speak other companies tend to avoid, but the team at Tudor Pickering & Holt hailed with their first ever “Take That, Washington!” award.
From Klesse’s comments:

“We can manage industry challenges, but unfortunately, reckless rhetoric in Washington, D.C. complicates our forward progress. Too many in Congress fail to appreciate our industry’s efficiencies, they won’t acknowledge the excellent jobs we provide, they ignore the taxes we pay, and worst of all, many in Congress are more interested in scoring populist political points than reducing energy costs. To not allow companies to look for oil and gas when there are huge potential reserves in the U.S. is irresponsible. Instead, Congress wants to provide subsidies for inefficient technologies. Instead of solutions, they want to reduce CO2 emissions without regard for the economy. The direction we see Congress moving is not good for consumers, our shareholders, or our country. We will continue to advocate sound policies based on facts and market realities.”

Is Klesse full of predictable industry bluster or just telling it like it is?