Just a reminder, these are NOT my opinions... these are FACTS supported with links. So any one who disputes the Joe Biden wants to destroy 8% of our GDP, 10 million jobs, add immense expenses to 6,000 products please prove it! All the while today 9/8/22 Average price of gas is 56% more than under Trump and 46% higher than the average price of $2.90 since 2009!
FACTS... NOT fiction. And why? Because Biden is actively working to destroy this entire industry! He guarantees it!
A) Fewer Federal leases.
President Biden said Thursday that he plans to release as much as 180 million barrels of oil from the U.S. Strategic Petroleum Reserve over the next six months to help tamp down near-record high fuel prices.
NOTE: As of the week ending March 25, the SPR had about 568.3 million barrels of crude available.
Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org
The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...www.factcheck.org
WASHINGTON—The Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land than any other administration in its early stages dating back to the end of World War II, according to a Wall Street Journal analysis.
President Biden’s Interior Department leased 126,228 acres for drilling through Aug. 20, his first 19 months in office, the analysis found.
No other president since Richard Nixon in 1969-70 leased out fewer than 4.4 million acres at this stage in his first term.
Harry Truman was the last president to lease out fewer acres—65,658—in 1945-46, when offshore drilling was just beginning and the federal government didn’t yet control the deep-water leases that have made up the largest part of the federal oil-and-gas program in modern times.
Federal Oil Leases Slow to a Trickle Under Biden
The Biden administration has leased fewer acres for drilling offshore and on federal land than any other administration in its early stages since World War II, according to a Wall Street Journal analysis.www.wsj.com
B) Biden has GUARANTEED to eliminate.. I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”
An industry that :
1) 6,000 products depend on oil to be manufactured.
Tires for example:
How will tires be produced when 7 gallons of oil is used to produce 1 tire and there is no oil?
2 billion tires using 7 gallons per tire equals 300 million barrels of fossil fuels ... a YEAR........ that Biden guarantees to get rid of.
The global tire market sold more than 2 Billion tires annually as of 2020.
Planners at companies that produce these 6,000 products including tires are grossly revising their products...if they can!
So consequently part of the 9.1% inflation rate is simply due to these 6,000 products trying to make a profit now as their costs
will skyrocket without oil as a component!
Look at just a partial list of these 6,000 items many which you use!
2)the oil and natural gas industry supports 9.8 million jobs or 5.6 percent of total U.S. employment, according to PwC.
Throwing nearly 10 million people out of work!How many jobs has the oil and natural gas industry created?
Industry supports 9.8 million jobs or 5.6 percent of total U.S. employment, according to PwC. In 2012, the unconventional oil and natural gas value chain and energy-related chemicals activity together supported more than 2.1 million jobs, according to IHS – a number that’s projected to reach 3.9...www.api.org
3) America's oil and natural gas industry supports nearly 8 percent of our nation's Gross Domestic Product.
What will be used instead of oil to lubricate car/truck wheels, wind turbines, electric generators, any item that rotates must be lubricated.Oil & Natural Gas Contribution to U.S. Economy Fact Sheet
America’s oil and natural gas industry supports 10.3 million jobs in the United States and nearly 8 percent of our nation’s Gross Domestic Product. We spur economic growth through hundreds of billions of dollars investing right here at home every year. We create jobs across a wide range of other...
View attachment 693810Products made from petroleum | Ranken Energy Corporation
www.ranken-energy.com
The 3000 wells in the Gulf of Mexico are shallow not deep water.
