Be ready to pay at least 4% more at the gas pump in a few months because Biden "guarantees to rid fossil fuels"!

[Concerned American]

The Biden administration is announcing a climate rule that would require most fossil fuel power plants to slash their greenhouse gas pollution 90 percent between 2035 and 2040

All the while, advocating for the removal of four hydroelectric dams on the lower Snake R in WA. What is wrong with this picture.

 

[Crepitus]

Business doesn’t require computers or semiconductors? sod off you arsejack. Obiden is trying to force semiconductors on US soil. They used to have huge gross profit, far more than Oil. Every business tries to max profit (Utilities are or were regulated).

Oh look, you changed the subject.

Your surrender is accepted.

But I ain't gonna buy the T-shirt.

 

[Crepitus]

So we shouldn't believe him when BIDEN GUARANTEES to RID FOSSIL FUELS?
he said " I guarantee We Are Going To Get Rid of Fossil Fuels"

Why did you ignore my post?

 

[Invisibleflash]

I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM


Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued Friday by the Biden administration.
The Interior Department’s rule raises royalty rates for oil drilling by more than one-third, to 16.67%, in accordance with the sweeping 2002 climate law approved by Congress. The previous rate of 12.5% paid by oil and gas companies for federal drilling rights had remained unchanged for a century.
But officials said the proposal would lead to a more responsible leasing process that provides a better return to U.S. taxpayers.

Biden administration’s new rule: Oil, gas companies must pay more to drill on public lands

The new rule does not prohibit new oil and gas leasing on public lands, as many environmental groups have urged. But officials say it would lead to a process that provides a better return to taxpay…

www.ocregister.com

Exclusive: Mexico to cut at least 330,000 bpd of crude exports in May, sources say​

https://www.reuters.com/business/energy/mexico-cut-least-330000-bpd-crude-exports-may-sources-say-2024-04-08/

5.05 billion barrels per year imported by USA from Mexico.

Mexico - Oil and Gas

This is a best prospect industry sector for this country. Includes a market overview and trade data.

www.trade.gov

Find the video of the presser where Biden and Castro Mayorkas are sitting jubilant saying the population of whites in America is declining and he proclaims whites will soon be a minority in America.

 

[healthmyths]

Business doesn’t require computers or semiconductors? sod off you arsejack. Obiden is trying to force semiconductors on US soil. They used to have huge gross profit, far more than Oil. Every business tries to max profit (Utilities are or were regulated). You or Obiden aren’t smart enough to micro manage. Obiden has never worked a real job.

How do computers work? You plug into a wall or a battery that plugs into the wall to recharge the computer.
Where does that electricity come from?
FACT:60% of electricity generated comes from what Biden has guaranteed,
I guarantee We Are Going To Get Rid of Fossil Fuels

Where will nearly 2.5 Trillion kWh annually come from then?

 

[leftwinger]

The bleeping imbeciles are even against Natural gas. You can’t make this stuff up! Anything that improves prosperity or comfort must be banned.

 

[struth]

It's a drop in the bucket.

Why are you OK with these companies ripping you off?

The companies didn’t drive up their cost 15x, xiden did

Why are you ignoring that?

 

[struth]

It's a drop in the bucket.

Why are you OK with these companies ripping you off?

It’s comments like this, when I’m like, wow you dembots are truly a cult

 

[surada]

No question and therefore Biden saying he expects Iran to attack Israel soon, warns: 'Don't'
Will definitely deter Iran and therefore prevent higher gas prices. One word surely has it's affect!

I wish, but Israel betrayed Eisenhower, LBJ and Reagan. They certainly don't care what Biden says.They are going to do what they want to do.

We should stay out of it and let Israel have their war. The Gulf states, Syria, Lebanon and Egypt aren't going to fight.

 

[struth]

It's a drop in the bucket.

Why are you OK with these companies ripping you off?

It’s comments like this, when I’m like, wow you dembots are truly a cult

Cool, because nobody is doing that.

Charging a simply 15x more does that

 

[Harpy Eagle]

You're wrong. OPEC has raised production. Mexico has curbed production... The tension now is the threat of Israel and Iran.

OPEC is far behind where they were prior to COVID.

 

[surada]

OPEC is far behind where they were prior to COVID.

View attachment 931939

They increased production this week..but not up to precovid.. Why blame OPEC for following their interests?

 

[Harpy Eagle]

They increased production this week..but not up to precovid.. Why blame OPEC for following their interests?

I did not blame a damn thing, just pointing out the facts. Do not start being like the partisan drones

 

[Crepitus]

The companies didn’t drive up their cost 15x, xiden did

Why are you ignoring that?

Raising the lease on the wells didn't drive their costs up 15%. Those fees are chicken feed to the oil companies.

 

[Crepitus]

It’s comments like this, when I’m like, wow you dembots are truly a cult

Well damn, now ya done it.

He said the "C" word, guys.

 

[healthmyths]

Raising the lease on the wells didn't drive their costs up 15%. Those fees are chicken feed to the oil companies.

an increase costs for fossil fuel companies by about $1.5 billion between now and 2032.

Biden Administration Raises Costs to Drill and Mine on Public Lands

For the first time since 1920, the government has raised the rates that companies pay. The fossil fuel industry says it will hurt the economy.

www.nytimes.com

Do you naively think oil companies will absorb those costs? These costs will be passed on to American consumers directly at the pump and INDIRECTLY from companies that use oil not only as gas which is 20 gallons of the 42 gallons in a barrel of oil... BUT indirectly for the following 6,000 products that use petroleum that would carry this increase in royalties.

 

[Crepitus]

an increase costs for fossil fuel companies by about $1.5 billion between now and 2032.

Awesome, they had a $36 billion profit just this year.

that's $166 million a year over the next nine years.

leaving the oil companies $35,834,000.00 a year in profits.

A drop in the bucket, as I've been saying.

 

[surada]

I did not blame a damn thing, just pointing out the facts. Do not start being like the partisan drones

The big problem is the conflict between Israel and Iran. Iran produces 5 million bpd.

 

[healthmyths]

Awesome, they had a $36 billion profit just this year.

that's $166 million a year over the next nine years.

leaving the oil companies $35,834,000.00 a year in profits.

A drop in the bucket, as I've been saying.

AGAIN you forget the premise that the oil companies simply pass on this $166 million a year to their customers who will pass on raising their costs to their customers, gas stations, etc. and other products that use oil that WE consumers will play!

So you are a communist is that right? NO capitalism for you.
Makes sense. So if you are employed are you making more than some of the lesser paid employees?
You realize in a socialized anti-capitalism society you are paid exactly the same as someone with lesser education experiences, etc. everyone paid the same.
Explain something to me... Putin the head of a communist state has been projected as a billionaire.
Even though Vladimir Putin officially claims an annual salary of $140,000, the Russian President's reported net worth and lifestyle tell a different tale.
While Putin acknowledges ownership of an 800-square-foot apartment, a trailer, and three cars, persistent rumours suggest a more extravagant reality. Reports suggest that Putin's personal wealth stood at a staggering $200 billion.

World's Richest Politician Is Worth $200 Billion, Owns A $700 Million Jet

Despite officially claiming an annual salary of $140,000, Russian President Vladimir Putin's reported net worth and lifestyle tell a different tale.

www.ndtv.com

Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2023, with an averaged value of 5,703.074 USD.
Indicators percapita#:~:text=Russia%20Annual%20Household%20Income%20per,averaged%20value%20of%205%2C703.074%20USD

The national median household income is $74,580, according to the most recent U.S. Census Bureau Current Population Survey data for 2022.

What Is the Median Household Income? - NerdWallet

Median household income declined from 2021 to 2022 by 2.3%, according to 2022 U.S. Census Bureau data.

www.nerdwallet.com

So being the communist supporter as you appear, are you telling me you'd prefer an economy that is less than 8% of what a capitalism society provides?

But wait... why would the Russian worker have to pay..
As of January 2021, tax residents pay a 13% tax rate on an annual income of up to 5 million p.
Income above this limit is subject to 15% taxes

Taxes in Russia: the complete guide for expats

Find out who has to pay taxes and what the local tax rates are.

www.expatica.com

Just in case you can't seem to use the internet a "P" is a Russian Ruble which converting 5 million Rubles equals
$53,600 or the equavalent of almost $7,000 in Russian taxes.

Russian rubles to US dollars Exchange Rate. Convert RUB/USD - Wise

Convert RUB to USD with the Wise Currency Converter. Analyze historical currency charts or live Russian ruble / US dollar rates and get free rate alerts directly to your email.

wise.com

 

[ReinyDays]

That's the problem with record-setting dividend payments ... Big Oil has to raise prices to set a new record this year ...