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He halted new drilling leases on Federal land as soon as he took office. We are paying for that now.
Biden is weak when it comes to the Saudis. They basically humiliated him, cut production and raised prices.
There were plenty of existing drilling leases and his 2021 halt on Federal Lands was blocked by the lower court and vacated this past summer. Even so there was very little interest in the Gulf of Mexico or Alaska leases.
How would a strong president respond to Saudi Arabia's cut in production.
Our aggressive actions have alienated Venezuela, Russia and Iran already. Now we seem to be losing all cooperation from Saudi Arabia. We are losing all worldwide competitive advantages we may have had. I don't mind us pulling troops from Saudi Arabia, although I am sure another nation or Saudi Arabia itself will fill the void.
There is no guarantee the petrodollar will be the currency of choice in the future. When the negative effects of a declining lifestyle are felt here at home, we may decide it is time to care again. I'm sure the oil producing nations are going to try to get the very most they can out of their finite resource. For the benefit of their citizenry that is what nations do.
"our aggressive actions"? Did the USA invade and occupy another country or was that Russia? I would suggest our actions were re-actions to aggression by other countries. The Saudi's hate western culture, they hate our christian values, they really want to destroy America so I have absolutely no use for them whatsoever.
My take on oil is that we produce as much as we can at home and keep it here. We augment with other energy sources to make sure we have enough. Too much bloodshed and money lost on oil wars, it's time to stop doing what the fossil fuel oligarchs that own this country tell us to do instead reduce our dependency on oil.
There were plenty of existing drilling leases and his 2021 halt on Federal Lands was blocked by the lower court and vacated this past summer. Even so there was very little interest in the Gulf of Mexico or Alaska leases.
How would a strong president respond to Saudi Arabia's cut in production.
Let's see....call them names and say they are siding with Russia and invoke sanctions on them.
We've been here before so just look at what past Presidents did.
They certainly didn't do what Joe did.
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Everyone criticized Biden for talking with Saudi Arabia to increase production the other month which got nowhere now its his fault that they chose to reduce production. They want oil back at $100 a barrel and the price is set globally not by the USA. We import very little from OPEC but their action today will affect the price of all imported oil regardless of source as well as the profit the US Oil industry gets for what they are exporting.
I'd suggest that Russian aggression in Ukraine was a reaction to western meddling. Eventually Ukraine and its resources were going to fall into western hands, and Russia would not permit that. We have also intervened aggressively across the globe and with our military when something isn't naturally falling our way.
Rofl. You have it backwards. Ukraine was already in Western hands but we couldn't keep it without a war. Zelensky was essentially the peace candidate and he won in an landslide. That is what the Ukrainian people wanted. But after taking power, Zelensky was pressured into jailing the main opposition candidate(Medvedchuk) and shutting down any media sympathetic to Russia. The American Deep-State/Military-industrial complex pressured Donald Trump to send more and more weapons to Ukraine, and impeached him because he wanted an investigation into Burisma's corruption(Hunter Biden). Then America pulled out of Afghanistan last year to ready ourselves for this war, holding joint-military operations inside Ukraine last September, after which fighting in the Donbas increased dramatically.
Zelensky admitted he knew in October that a Russian invasion was coming, but lied about it to the Ukrainian people to prevent Ukrainians from leaving the country(Ukrainian men still cannot leave the country).
Putin supported separatists in the Russian-majority areas after the 2014 coup to use as leverage to get Ukraine to agree to never join NATO and to Federalize(decentralize) the government. Had Ukraine agreed, there would be no war, and the Donbas and Crimea would have been returned to Ukraine.
But the United States saw the situation in Ukraine as a perfect opportunity to provoke Russia into a war. After Russia moved to support the separatists in the East, there was no way out for Russia except an agreement with Ukraine, or war. Had it not been for the United States, Ukraine would have declared itself a neutral country and WWIII would have been averted. But instead, the United States pushed Ukraine towards confrontation with Russia by providing them billions in "aid"(IE bribes) and advanced weapons so they could retake Crimea and the Donbas by force. War with Russia was the only way to keep Ukraine from rejoining Russia once Russia returned as a great power after its collapse in the 90's.
The corrupt Ukrainian government went against the will of the people to push the country towards war to create a schism and a wound that would never heal.
If the U.S. thinks that oil is being held against them, they could immediately begin running newly built cars on compressed natural-gas.
In fact they could begin running new cars on compressed hydrogen, reformed from natural-gas, but that situation would require that gas-stations get delivery of compressed hydrogen which is not as immediate because industrial production systems are required. Gas-stations could make their own hydrogen, from water, by drawing electricity off the powergrid but there are water shortages around the country and even electricity shortages. Gas-stations could reform hydrogen from natural-gas but the build-out of facilities is not immediate. In general, the build-out of facilities for hydrogen production is not immediate.
The widespread use of battery-powered electric-vehicles is also not immediate because of battery cost and because of limited battery production.
The only way to increase U.S. oil-fracking production would be with dependable oil-price floors but the high oil price is their issue.
Well, running new cars on compressed natural-gas would require fueling facilities at home or at gas-stations but the natural-gas lines are already in place.
Also, there are industrial processes for producing gasoline from natural-gas but that situation is not immediate because industrial production systems would need to be developed.
Biden or his party not helping by pushing woke issues in an extremely high profile fashion or imply one must agree with woke or western values. Not everyone thinks like the 'progressive' west. That's doesn't mean a deal can't be made. Can't be calling them reporter killers(might very well be) and still expect them to deal with you. In the meantime he has no problems dealing with a communist regime in Venezuela that substantianally lowered the standard of living for their own residents.
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