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Now, I'm a good comprehender but not a scientist. What the article above "says" is the Trump EPA revised a guideline such that an industry only had to undergo additional regulation/monitoring/cost if it contributed more than 3% of US Greenhouse Gas.
Here's how the Times characterized it:
15. Established a minimum pollution threshold at which the E.P.A. can regulate greenhouse gas emissions from stationary sources: 3 percent of total U.S. greenhouse gas emissions. (Power plants meet this threshold, but oil and gas production facilities fall just below it.)
In actuality, power-production is the "worst" and is responsible for more than 1/4 of our GHG. And so, power production facilities have additional requirements to decrease/monitor/etc their GHG production.
But oil and gas are less than 3%, so now they don't.
Think of the major industries, and major GHG producers. And oil and gas only represent 3% of GHG, as much as folks might think they're "nasty dirty environmental nightmares".
A gas tax holiday stimulates demand. More demand same supply gives us higher prices. The American people save little but the problem is actually worse.
Now, I'm a good comprehender but not a scientist. What the article above "says" is the Trump EPA revised a guideline such that an industry only had to undergo additional regulation/monitoring/cost if it contributed more than 3% of US Greenhouse Gas.
Here's how the Times characterized it:
15. Established a minimum pollution threshold at which the E.P.A. can regulate greenhouse gas emissions from stationary sources: 3 percent of total U.S. greenhouse gas emissions. (Power plants meet this threshold, but oil and gas production facilities fall just below it.)
In actuality, power-production is the "worst" and is responsible for more than 1/4 of our GHG. And so, power production facilities have additional requirements to decrease/monitor/etc their GHG production.
But oil and gas are less than 3%, so now they don't.
Think of the major industries, and major GHG producers. And oil and gas only represent 3% of GHG, as much as folks might think they're "nasty dirty environmental nightmares".
I don't subscribe to the times but when environmental initiatives are rolled back, now we are back to square one with the environment.
I won't argue that. There has to be a medium found though as we transition to greener technologies, we can't put the cart before the horse though, which is what this administration is doing.
so you do not follow any business news? Im not doing your homework for you. but you could start at fox business (simply because cnn and msnbc pulled this crap off the air) or even the WaPo ort even, alaskapublic.org FOR starters. may - THIS year. Gulf and cook inlet. OUR oil.
that is the second time I have asked politely.
Just one story to show how the Biden admin lies thru it's teeth, when it claims it's doing everything it can to increase oil production. Oil companies bid on and buy leases for oil exploration/drilling. But then the snakes in Biden admin wait until the last minute to decide to arbitrarily create new ways to deny the permits and leases.
The company bid about $800,000 for the lease along the western boundary of the coastal plain. That part of the refuge is closest to existing oil field infrastructure. ExxonMobil’s Point Thomson development is to the west on state land.
The U.S. Bureau of Land Management last summer said it was moving ahead with a new environmental review of oil and gas leasing in the refuge after Interior Secretary Deb Haaland said she found “multiple legal deficiencies” in a previous review that provided a basis for the lease sale.
No one wants to risk spending millions to acquire leases because the ass hats in the Biden admin will play games, jerk them around, slow walk drilling permits or come up with any excuse they can, to renege on the deal. Biden is purposely engaging in policies that will cause oil companies to lose millions, because Biden jerks them around like this.
No one is stupid enough to take risks when we have a federal regulatory environment like this. Biden threatens to raise taxes on oil companies. He threatens to create new highly punitive regulations, and he will suddenly close drilling in areas where companies were exploring. So oil companies are laying low, waiting out the Biden storm, unwilling to risk losing millions because Biden is behaving like the enemy of oil.
For all the whining that we can't afford this or that, we managed to find $60 billion down the back of couch. The only people Congress wont help in a bipartisan method are the American public.
I WILL KEEP DRIVING MY EV. Cost $6 a month to drive.
Reporting from Sarasota Fl from $4.78 today at $4.59 Keeps dropping. Think they are coming off their high. Watch. It will magically return to some normal. Not all the way.
Sad radical partisan attempt trying to make the best of a pathetic situation.
Let us know when gas ever gets back to under $2.00 per gallon, or even in the low $2 range with Obama 3.0 & Co in office.
Is it possible?
Theoretically yes.
Will it happen with the leftist "Justice Democrats" pulling the strings?
Not a chance.
But book mark this thread, and prove me wrong in the next couple of years.
[This of course assumes the (D's) stay in control. If the (R's) take control of the House & Senate, it might very well happen]
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