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He added regulation upon regulation to oil companies that getting new leases takes years with all the stipulations for his green new deal and closed down drilling on Federal land...on and on....
He is so egotistical and inept, along with his administration, they continually play the blame game. I don't believe one word that comes out of his mouth.
Not to mention, lending institutions are shying away from lending capitol to the oil industry. Due to the anti oil rhetoric. Similar to what is happening to the firearms industry.
Big oil and refineries made clear, they are operating at or nearbcapacity and global supply and demand determines price.
The existing refineries, mostly publicly- traded multi- nationals, do not have the ability to refine most US sourced oil into gasoline, economically.
The purpose of the Keystone Pipeline is to transport Alberta Canada tar sands to refineries and then export. You can’t fill your tank with tar sands. After 4 years of Trump’s Keystone friendly admin, the pipeline was only 8% complete.
Some might recall, Congress authorized leasing millions of acre as in the Arctic Wildlife Refuge. Income from leases and eventual royalties were intended to partially fund the Trump tax cuts. Too bad there was no interest. Trump reduced the amount of land available, hoping to create interest. It did not.
The US has never been nor will it be energy independent- producing what the US consumes.
So you are blaming Trump for this ? How Democratic of you.
I saw some random people being interviewed by local reporters today asking what they thought of the 18 cent tax relief. You'd be surprised to see how many think it's great! "Hey, it just cost me $90 to fill up my tank"...says one customer. Okay, so if you filled up your 16 gallon tank, the 18 cent relief will save you $2.88. Whoopty-dooo!
Quote:
Originally Posted by scarabchuck
Shows how ignorant people have become. We really are living the movie Idiocracy.
yes, I'm assuming the local reporter didn't say "that's about a 3% discount"
I filled up my car (Honda) for $6.31/gal a few days ago, the lowest price in my area. That's more than $3/gal more than that station charged in Jan 2021.
What exactly is this $0.18/gal cut supposed to fix? Especially being temporary?
Create headlines for the leftist media to show how Biden and the Democrats are doing everything in their power to reduce prices caused by Putin and all the rest of the pathetic excuses they have come up with.
Rest assured this smoke screen will work on the koolaid drinkers and the TDS fools, but most now realize the dream of Obama/Biden (now Biden/Harris run by Obama in the basement in PJ's) was to eliminate fossil fuels by making them too expensive for consumers.
Not to mention, lending institutions are shying away from lending capitol to the oil industry. Due to the anti oil rhetoric. Similar to what is happening to the firearms industry.
Lending institutions have been told to not lend money to Big Oil.
The U.S. Treasury Department issued new energy financing guidance to multilateral development banks on Monday, saying the United States would oppose their involvement in fossil fuel projects except for some downstream natural gas facilities in poor countries.
Quote:
Originally Posted by Winterbeard
So do people like the free market or not? I'm getting ever so confused here.
I'm all for nationalizing. I'm usually in a minority in that.
What free market would that be? Oil is not a free market by a long shot. The amount of bureaucratic bs and fees has long kept it from being a free market. If it were a free market, we’d be in much better shape.
Not to mention, lending institutions are shying away from lending capitol to the oil industry. Due to the anti oil rhetoric. Similar to what is happening to the firearms industry.
you mean this?
where at the end of Trump, the Comptroller of the Currency said "hey, big Banks, you can't make political/climate judgements against Oil companies"? And then 1 week post-inauguration, the Biden Admin froze that new rule?
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