234,895,000 Americans with Drivers' license average $13 billion more per month out of pocket cost due to Biden!

[Harpy Eagle]

I looked at YOUR chart, Dumbass.

Oil production increases under Barry was all on private land that he had zippo to do with. Public land production dropped under Barry, Moron. Trump cleaned up Barry's clusterfuck.

Oil, gas production on federal land tanked under Obama

Another piece of President Barack Obama’s energy legacy: Oil and natural gas activity on federal lands tanked under his administration even as production on private property increased.

www.washingtontimes.com

And yet when Obama left office oil production was up 70% and when Trump left office it was up 22%.

You spout talking points, I post facts.

 

[Devils_Advocate]

Thanks to the capitalist we have to pay more for gas because the capitalist not Biden.

I have to agree with Moonie on this…

 

[candycorn]

In 2020, about 123.73 billion gallons (or about 2.95 billion barrels1) of finished motor gasoline were consumed in the United State

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

There are 234,895,000 licensed-drivers-usa
Number of Licensed Drivers in US in 2021, How Many Americans Drive
Assuming these 234.9 million drivers, the United States Department of Transportation Federal Highway Administration said that the average person drove 14,263 miles per year in 2019

https://www.kbb.com/car-advice/average-miles-driven-per-year/

When we divide 2020's consumption of 123.73 billion gallons by the roughly 234 million licensed drivers, it adds up to 519 gallons per driver per year or 43 gallons per month.
Given the below that a gallon of gas has gone up since 1 year ago 59% the average American driver is seeing their gas cost taking
increase $55.38 per month from last year at this time.
That is $13,008,164,271 per month or $156.097 BILLION a year cost in living expenses Americans are now PAYING!
One REASON?
oil company planners look at the FACT that Biden cancelled on exploration leases on land that provides 25% of gas consumed by Americans!

Oil from federal lands tops 1B barrels as Trump eases rules

Oil production from federally-managed lands and waters topped a record 1 billion barrels last year

abcnews.go.com

Biden issues broad moratorium on oil and gas leases on federal lands and waters​

Biden issues broad moratorium on oil and gas leases on federal lands and waters

President Joe Biden implemented a moratorium on new oil and gas leases on federal lands and waters through an executive order on Jan. 27 that is expected to have a longer term impact on US production.

www.spglobal.com

View attachment 563197

Buy an EV.

 

[Nostra]

And yet when Obama left office oil production was up 70% and when Trump left office it was up 22%.

You spout talking points, I post facts.

Gotta love how you Dimtards always ignore the impact of the pandemic.....................unless you want to blame Trump for every China Flu death.

Also, the vast majority of the increase in production under Barry was due to improved technology like fracking...............WHICH BARRY OPPOSED, Dumbass.

Keep digging.......

Obama's Misleading Oil Boast - FactCheck.org

Presidents -- regardless of party -- tend to take credit for good things that happen under their watch, regardless of how much influence their actions may have had. Exhibit A: Former President Barack Obama said the fact that the United States is now the world's biggest oil producer didn't happen...

www.factcheck.org

 

[Harpy Eagle]

Gotta love how you Dimtards always ignore the impact of the pandemic.....................unless you want to blame Trump for every China Flu death.

Also, the vast majority of the increase in production under Barry was due to improved technology like fracking...............WHICH BARRY OPPOSED, Dumbass.

Keep digging.......

Obama's Misleading Oil Boast - FactCheck.org

Presidents -- regardless of party -- tend to take credit for good things that happen under their watch, regardless of how much influence their actions may have had. Exhibit A: Former President Barack Obama said the fact that the United States is now the world's biggest oil producer didn't happen...

www.factcheck.org

keep on spinning

 

[Nostra]

keep on spinning

View attachment 564813

Only one of us is bringing links.

The leaves the other one with nothing but spin.

 

[Harpy Eagle]

Only one of us is bringing links.

The leaves the other one with nothing but spin.

I have given the link and the data. You want to spin it so that one POTUS gets all the credit and the other gets none.

I do not give credit or blame to ether, just present the fasts

 

[AntonToo]

So YOUR dumb observation that oil futures determine the prices at the pump and nothing else? The gas station owners have no say? They don't determine the prices, oil-future brokers do? Wow... you truly are dumb!

Dumbass, if it was really up to gas station owners gasoline would cost almost nothing. They pay market price +/- a few cents and charge +/- small margin on top of that and certainly that variance has nothing to do with your half baked theory of Federal exploration leases.

Crude price set by speculative futures markets is not the only factor, but it is clearly the primary factor. Changes in oil pump prices closely follow crude.

CL.1 | Crude Oil WTI (NYM $/bbl) Front Month Overview | MarketWatch

CL.1 | A complete Crude Oil WTI (NYM $/bbl) Front Month futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.

www.marketwatch.com

 

[LordBrownTrout]

From JFK To Trump: U.S. Oil Production By President | OilPrice.com

While there are multiple factors that lead to changes in U.S. oil production, it is an interesting exercise to see which presidents oversaw the largest increases and declines

oilprice.com

 

[Nostra]

I have given the link and the data. You want to spin it so that one POTUS gets all the credit and the other gets none.

I do not give credit or blame to ether, just present the fasts

I do not give credit or blame to ether, just present the fasts

YOU: OIL PRODUCTION WENT UP 70% UNDER OBAMA.

 

[Harpy Eagle]

I do not give credit or blame to ether, just present the fasts

YOU: OIL PRODUCTION WENT UP 70% UNDER OBAMA.

Yes, that is a fact. It was not due to Obama, it just happened while he was POTUS.

why is this so confusing for you?

 

[rightwinger]

I do not give credit or blame to ether, just present the fasts

YOU: OIL PRODUCTION WENT UP 70% UNDER OBAMA.

His data seems to indicate much higher than 70 percent

 

[22lcidw]

When you have things running smoothly and you interfere with it, the price goes up. Oil is price sensitive in these matters and just on rumors.

 

[healthmyths]

So YOUR dumb observation that oil futures determine the prices at the pump and nothing else? The gas station owners have no say? They don't determine the prices, oil-future brokers do? Wow... you truly are dumb

Dumbass, if it was really up to gas station owners gasoline would cost almost nothing. They pay market price +/- a few cents and charge +/- small margin on top of that and certainly that variance has nothing to do with your half baked theory of Federal exploration leases.

Crude price set by speculative futures markets is not the only factor, but it is clearly the primary factor. Changes in oil pump prices closely follow crude.

CL.1 | Crude Oil WTI (NYM $/bbl) Front Month Overview | MarketWatch

CL.1 | A complete Crude Oil WTI (NYM $/bbl) Front Month futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.

www.marketwatch.com

You wrote: "variance has nothing to do with your half baked theory of Federal exploration leases."

It is not my theory... an EXPERT and someone more qualified for sure than YOU!
Kevin Book, managing director of the research firm ClearView Energy Partners. “In politics and optics, there’s no way to separate a president
who is imposing new strictures on federal lands from a high pump price. "

https://www.worldoil.com/news/2021/7/12/biden-continues-his-anti-us-oil-and-gas-push-while-crude-demand-rises

Who is ClearView???

Since 2009, we have identified and quantified non-fundamental energy risks for financial investors and corporate strategists. Our team of specialists relies on firsthand experience and proprietary models to examine the actors, criteria and inputs behind investment-altering outcomes.​

ClearView

site.cvenergy.com

 

[healthmyths]

Gas prices today $1.301 or 61.45% higher than a year ago today!
Oh right and Biden's moratorium on exploration on Federal lands that provide 25% of US oil had NOTHING to do with it!
Not according to this oil expert!!! Kevin Book, managing director of the research firm ClearView Energy Partners.
“In politics and optics, there’s no way to separate a president
who is imposing new strictures on federal lands from a high pump price. "

https://www.worldoil.com/news/2021/7/12/biden-continues-his-anti-us-oil-and-gas-push-while-crude-demand-rises

 

[healthmyths]

“In politics and optics, there’s no way to separate a president
who is imposing new strictures on federal lands from a high pump price. "

This means Biden did a very poor political and optional decision let alone a direct cost increase by banning exploration on land that provides 25%! Remember this is brand new land leases for exploration. The MSM is excusing Biden by saying that there are leases now ready for production... BUT that was because land was leased for exploration. Now after finding oil that land is being productive. By having a moratorium on NEW exploration leases, planners who determine prices take that into account and raise their prices today even if it is an artificially reason and making more money is the objective. Regardless the price of gas has increased FROM a president who ENCOURAGED leases as the attached shows to a President discouraging exploration!
Look at what Trump did vs Obama! One year Obama increased the other 7 years decreased.

 

[iceberg]

What a shock.

Who would have thought when a president & Democrat congress assault gasoline for sake of electric cars it would result in an increase in cost for gasoline?

Weird.

just imagine what it will in turn to do the cost of electricity now that everyone must have more.

winters are going to be a lot more fun.

 

[WTH_Progs?]

just imagine what it will in turn to do the cost of electricity now that everyone must have more.

winters are going to be a lot more fun.

Nah man, you don't understand. They can generate all power with solar panels now, and we don't have to mine for batteries either. GRIDS no longer harm the environment or take up space, and they're pretty too, and it's just a fluke there's not enough power to generate what California already has.

 

[iceberg]

Nah man, you don't understand. They can generate all power with solar panels now, and we don't have to mine for batteries either. GRIDS no longer harm the environment or take up space, and they're pretty too, and it's just a fluke there's not enough power to generate what California already has.

then slap a few solar panels on their car and let them recharge themselves.

 

[BlindBoo]

Gas prices today $1.301 or 61.45% higher than a year ago today!
Oh right and Biden's moratorium on exploration on Federal lands that provide 25% of US oil had NOTHING to do with it!
Not according to this oil expert!!! Kevin Book, managing director of the research firm ClearView Energy Partners.
“In politics and optics, there’s no way to separate a president
who is imposing new strictures on federal lands from a high pump price. "

https://www.worldoil.com/news/2021/7/12/biden-continues-his-anti-us-oil-and-gas-push-while-crude-demand-rises

I would say that the amount of oil we produce doesn't effect the price of gas as much as you think. For example in Jan of 2018 to July we increased production by over a million barrels a day but the price still increased by about 50 cents. Even as we increased production over 3 million barrels a day over Jan of 2018, until the pandemic, gas prices didn't fall much at all.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)