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When I jump out of a plane, I want a parachute and my basketball, thank you very much!
Thanks for posting that. I had seen it before since i have a real thing about plastics. Read. somewhere the oil companies are ramping up the plastic side since gasoline consumption will be decreasing.
Now that demand has increased, Biden has not kept up with it.
Going off to Venezuela and Iran to meet the country's oil needs is hardly the solution to the problem.
Begging Saudi Arabia and the U.A.E. to increase production hasn't worked either. They won't even bother to pick up the phone to talk with Donbas (yes, I nicknamed him after a region in eastern Ukraine because he's such a hero to that nation ).
And speaking of Ukraine, they could have used Harpoon missiles they asked his Donbas administration back in 2021. That would have taken care of the Russian navy in the Black Sea.
The Ukrainians also could have made use of the billions of dollars worth of military equipment we bequeathed to the Taliban in Afghanistan.
I repeat ... If Biden was doing something to curtail oil production, nobody would be forecasting record US oil production next year. But they are - including even the oil companies themselves. That being the case, Biden has done nothing to curtail US oil production, and if prices are rising too high, it's because either demand came back faster than anyone thought it would, and/or oil companies could not drill wells fast enough to cope with the rising demand.
There are 2 sides to this oil production equation....supply AND demand.
Under Trump's last year, our economy was shut down, demand was very low, so production mirrored demand and stayed low...along with prices.
Now, covid is waning, the economy is opening back up for busniness, and demand is coming back..but production is NOT mirroring demand as much, and thus prices are escalating to record highs...due to Biden's war on energy.
Class dismissed.
Signed...
Professor Beach
MBA
B-
Could of been an A+
There is no war on energy. You are correct on all other points, business is misspelled.
I repeat ... If Biden was doing something to curtail oil production, nobody would be forecasting record US oil production next year. But they are - including even the oil companies themselves. That being the case, Biden has done nothing to curtail US oil production, and if prices are rising too high, it's because either demand came back faster than anyone thought it would, and/or oil companies could not drill wells fast enough to cope with the rising demand.
The president’s moratorium on new fossil-fuel leasing on federal lands and waters was blocked by a federal judge in June. Even so, the administration has yet to hold a new onshore leasing sale, despite being required by law to conduct such auctions every quarter where eligible lands are available.
“Nothing is happening. The Biden leasing ban is still in effect,†said Western Energy Alliance President Kathleen Sgamma. “They have not offered one onshore leasing sale. They’re not going to make it for this quarter, either.â€
Quote:
Hamstringing production efforts are the Biden administration’s fossil-fuel crackdown, which sends negative signals to potential investors; legal challenges by green groups; permitting delays, and federal environmental reviews.
Quote:
“The Biden administration has embarked on an agenda of regulatory overreach with extensive new regulations in the works,†said the alliance. “The uncertainty of all the new red tape puts a damper on new investment and development today, especially on federal lands where the burden is highest. Consequently, companies prioritize their nonfederal leases because there’s less regulatory risk.â€
If it mattered to this administration, they would get it done.
But they will always have their excuses, and sadly a misinformed cheerleading squad.
Any offshore oil leases take years, and often decades, to develop.
The vast majority of onshore oil production is on private lands which Biden has zero control over. The exception to that is in Alaska, but development there is so expensive and time-consuming that it differs little from offshore development and would take many years to develop.
Thus, anything Biden has done has had precisely zero effect on current oil prices.
Any offshore oil leases take years, and often decades, to develop.
The vast majority of onshore oil production is on private lands which Biden has zero control over. The exception to that is in Alaska, but development there is so expensive and time-consuming that it differs little from offshore development and would take many years to develop.
Thus, anything Biden has done has had precisely zero effect on current oil prices.
What has he done to meet the demand where he can act?
He's as effective at this as he has been with the cargo ships lined up along the west coast. Or as effective as he has been with controlling the border problem. And on and on.
What has he done to meet the demand where he can act?
Unsurprisingly, you missed the point: There is nothing he could have done that would have raised US oil production over the past year any more than it has already risen. Everything you and every other republican has been complaining about would take many years to have any effect at all.
Unsurprisingly, you missed the point: There is nothing he could have done that would have raised US oil production over the past year any more than it has already risen. Everything you and every other republican has been complaining about would take many years to have any effect at all.
No, you missed the quotations from the Washington Times. Feel free to argue against the points made in that article.
Biden doesn't solve problems. He creates them. We've seen that from the get-go.
If you want to say he was hamstrung with how he could have withdrawn from Afghanistan, how he has been hamstrung at the border, with moving cargo, etc...I'd like to see the evidence.
He fails and fails, but he's the one who's hamstrung. See the pattern here?
What he did do was stop NEW leases for drilling on federal land.
But as oil companies aren't using the leases they have ALREADYY
If people are truly interested they could search 'why are oil companies not producing more oil'...and they will get a bunch of articles explaining why oil companies are choosing not to drill on leases they have right now.
Key among them is staff shortages -- no surprise -- welcome to 2022 -- every industry, entry level, etc.. is having a serious shortage of employees given that we are at almost 'full employment'.
In addition supply chain issues -- getting hard resources to build new drills is a problem -- like every industry. That dates back to 2020 and COVID....and then the surge in demand for goods and supply chains that have not been repaired to pre-pandemic levels.
And investors is another HUGE influence. They are liking all this money being shared with THEM and not on producing more oil.
Etc etc etc.
Wrong..... they won't give out the permits to use the leases .
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