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...The amount of oil that could have been drilled from newly leased federal lands in the last year is so small it wouldn't have made a hill of beans of difference to the inflation we're seeing now.
Notice how small the percentage of US oil production on federal lands is.
Furthermore, the lion's share of federal lands production is offshore in the Gulf of Mexico. Those are deepwater projects that take years, and often decades, to produce. Even if Biden had leased every acre of unleased offshore federal lands his first day in office, we would not be seeing oil produced from those leases until late this decade at the earliest.
Federal onshore is even smaller. Of the ~4500 million barrels the US produced in 2019, ~400 million was from federal onshore production. That's about 8 or 9 percent. And most of that is going to be from old leases that have been producing for years or decades. Adding some acreage to that already meager percentage isn't even going to be noticeable.
Trump put in a rule that for every new regulation, 2 had to be eliminated. New oil leases permitted by Joe Biden have a 6% higher royalty fee than before. So essentially, he is adding to the cost of oil yet again. ALL regulations have to be implemented and there has to be oversight. This is more government grift, overreach and adds to costs of everything. When will Americans wake up to how they are being robbed blind by the federal government and Permanent Washington as Tucker calls them?
Deflection. The topic was about whether oil drilling on federal lands, or the lack thereof, has contributed to inflation. No, it has not. The amount of oil that could have been drilled from newly leased federal lands in the last year is so small it wouldn't have made a hill of beans of difference to the inflation we're seeing now.
And you left out that American oil companies did not return to full production on the existing leases they had even in 2022.
And you left out that American oil companies did not return to full production on the existing leases they had even in 2022.
Why would oil companies want to drill when the administration is clearly against it. They don't know if the policy will turn on a dime again next week or next month.
Deflection. The topic was about whether oil drilling on federal lands, or the lack thereof, has contributed to inflation. No, it has not. The amount of oil that could have been drilled from newly leased federal lands in the last year is so small it wouldn't have made a hill of beans of difference to the inflation we're seeing now.
REALLY....Look it is President Biden's and the Democrats that got us into this high priced energy environment.
The deflection is on YOUR PART.
That is the Democrats argument...this does NOT matter much, that does NOT matter much, wait, that wasn't going to happen for a few years.....
GUESS WHAT....all those "this does NOT matter much" ADD UP.
And suddenly it matters.
Democrats should just be HONEST...just say you want HIGH GAS PRICES and LESS OIL PRODUCTION.
You ran on it...and now when it looks like the voters are going to throw you out of office.
Abbotts crap at the border screwed us all. Next time you go to supermarket check out where the produce comes from this time of year.
Playbook is out!!!
yep, a 5 hour delay has screwed us all.
Maybe unrefrigerated dairy goods/frozen goods.
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