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Thank you, President Biden, for killing our energy independence, during your first day in office...
Good old fox news. The sky is falling !!!!! Sigh. I'm at the gym and as soon as I saw them run the story i knew somebody would gleefully post it here. Got him this time boys.
we're now funding Russia's war against Ukraine. Russia is part of OPEC+. OPEC+ has agreed to cut production by 2 million barrels in November. We'll all be paying more for gas and home heating oil. Money that will go directly into Putin's coffers. Way to go Joe!
"we're back"
What you're missing is where any of that has actually prevented growing domestic oil production. There are oodles of leases yet to be used. The gooberment is not the limiting factor in this case.
The Biden administration has once again put a pause on new leases and permits for federal oil and gas drilling after a judge blocked the administration from using a metric that estimates the societal cost of carbon emissions.
Earlier this month, US District Judge James Cain of the Western District of Louisiana issued an injunction preventing the Biden administration from using what’s known as the “social cost of carbon†in decisions around oil and gas drilling on public land, or in rules governing fossil fuel emissions. The ruling has consequences for a range of Biden administration actions on climate change, but especially on the Interior Department’s federal oil and gas leasing program.
As for the oodles of leases yet to be used that's on federal lands which account for 10% of domestic oil production. So why aren't they being used? A variety of reasons such as the need to build infrastructure to support drilling in remote areas but more importantly what is this administration doing (did) to encourage more oil exploration. On the other hand there is more development on federally leased land now than at any point in the last 20 years. They aren't really just "sitting" on the land.
Remember this administration initially implemented a moratorium on federal leasing. How helpful of them for domestic energy production.
Quote:
Once you lease land there is a whole process that you have to go through. First you have to actually discover whether actually there is oil and gas in that land. Second of all, you have to get a permit to actually develop that land."
Quote:
Energy Workforce and Technology Council CEO Leslie Beyer similarly said "some permits are viable and some are not," as a reason for why many are sitting unused. The federal leasing moratorium also isn't helpful in the current energy environment, she said.
"The moratorium on leasing certainly adds an additional… block to American energy production, so that is the opposite of what we need to be doing right now," she said. "We need to stop the rhetoric that's anti-fossil fuel and we need some clarity just in the regulatory sense that this administration is behind domestic energy production."
Yup -- but to say oil producers are not producing more because of Biden policy is most definitely misleading -- as per the oil producers themselves.
well Biden has said the pandemic is over... yet we are not producing at 2019 levels.....so therefore there is reasoning that the admin does have something to do with it.
producers want to produce, because by producing their product is how they make money...what's holding them back...is this admin
Is Russia self sufficient? Do they need to export energy to survive? If they take the "breadbasket of Europe" (Ukraine), do they really need anything else from the rest of the world? They'll hoard their energy, grain and rare Earth minerals and then eventually create their own market from within. It'll take decades with a lot of economic/social pain, but their landmass is so incredibly large, maybe that's the long range plan? They're aligning with China, which also had the same isolationist standpoint throughout their history.
Europe in contrast is totally dependent on outsiders for everything. Energy? That comes from Russia and the US (LNG, Middle East pipelines). Food? Comes from warmer climates and Ukraine. Rare Earth Minerals? Comes from Africa/China. Defense? That comes from the US.
Sooooo, we have lower US production and (on average, some months high, some lower) at least the same consumption.
If you look at that for the gasoline consumption month to month 2022 vs 2019, 2022 is lower.
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