Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
They aren't drilling the leases they can now and you are blaming Biden?
Well, Biden has banned new drilling and exploration on federal lands, placed most of the US continental shelf off-limits to oil extraction, shut down a pipeline project that could have serviced the Bakken oil fields, and added new, expensive regulations aimed at destroying smaller producers. The fool is doing everything he can to destroy the American oil industry-while also enabling and enriching foreign ones. Remember what he said-he doesn't work for us.
This is correct. The big Corp. buy up the leases and do nothing with them.
Biden invited the oil executives to tell them to cut production. Did CNN forget to tell you that? Biden a few weeks ago put on more regulations on oil production.
“Even under Biden, 96 percent are getting approved versus 98 percent under Trump,†he said.
It's dropped off in 2022 because the oil companies aren't using the federal permits that have already been granted.
Quote:
Weiss downplayed the impact of the permitting slowdown on industry, arguing that the number of permits issued doesn’t have an immediate correlation to industry’s ability to drill and that companies frequently allow permits to expire without being used. His organization counted 8,000 permits that oil companies had not used or had allowed to forfeit between 2016 and 2021.
Last edited by eddie gein; 03-19-2022 at 11:39 AM..
Biden ended drilling on federal land. Oil companies are paying much higher prices to drill on private land. Often with ridiculous, and expensive, requirements from land owners. That is driving up costs, too.
Sounds like a GOP campaign slogan not based on facts. Even if that were true it takes years to drill and bring oil to the pump, it doesn’t change in 1 year. Gas prices are based on the world market not just in the US, we do not dictate prices.
A partial list of products made from Petroleum (144 of 6000 items)
One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:
It is not just the Climate Change crowd. Who is picking dirtier oil and then shipping it here for more pollution. If they cared about the environment , our Aerican oil is cleaner. So who is behind cutting American oil?
Xoe is a sleeper agent, he and his addict pervert boy are OWNED by Communist China. Owned. Someone splain to me how anyone in their right mind could vote for a guy who's senile, was an idiot on his very best day, and whose main claim to fame was scaring off his imaginary competitor/enemy named Popcorn.
Production of US barrels of oil in millions (Trump in yellow)
2016 3,237,056
2017 3,415,257
2018 3,993,288
2019 4,485,653
2020 4,129,563
2021 4,082,478
What we can see is that production was going up under Trump until 2020 when the pandemic hit early in the year. Oil production continued to go down during Biden's first year even though the pandemic was easing and oil prices were going up (meaning production should be going up as well to take advantage of the higher prices).
The question is how much of this continued drop in production is due to the pandemic and how much is due to the Biden administration - or some combination of the two which is what I believe.
Production of US barrels of oil in millions (Trump 2017 to 2020)
2016 3,237,056
2017 3,415,257
2018 3,993,288
2019 4,485,653
2020 4,129,563
2021 4,082,478
What we can see is that production was going up under Trump until 2020 when the pandemic hit early in the year. Oil production continued to go down during Biden's first year even though the pandemic was easing and oil prices were going up (meaning production should be going up as well to take advantage of the higher prices).
The question is how much of this continued drop in production is due to the pandemic and how much is due to the Biden administration - or some combination of the two which is what I believe.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
