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

healthmyths

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Sep 19, 2011
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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.

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

5.05 billion barrels per year imported by USA from Mexico.
 
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.

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

5.05 billion barrels per year imported by USA from Mexico.



That's not good. OPEC is pumping slightly more but that's offset by tensions between Iran and Israel
 
OPEC, Russia, the Saudis, trouble in the Gulf, China, and oil companies have nothing to do with it, right?
A lot has to do with it, but xiden and the demafasict war on the working class hits the hardest
 
How? "demafascist" is an oxymoron BTW.
No it’s not! Haha

How does it hit harder? Because they are directly harming the American people, their fellow americans. Their own country

We can’t control Iran or Russia, but we should have some say over our own policies
 
No it’s not! Haha

How does it hit harder? Because they are directly harming the American people, their fellow americans. Their own country

We can’t control Iran or Russia, but we should have some say over our own policies
Yes it is.

how is he affecting the price of gas.
 
A lot has to do with it, but xiden and the demafasict war on the working class hits the hardest

You're wrong. OPEC has raised production. Mexico has curbed production... The tension now is the threat of Israel and Iran.
 
You're wrong. OPEC has raised production. Mexico has curbed production... The tension now is the threat of Israel and Iran.
Our president making ending fossil fuels his policy has more to do with it then any outside threats
 
Our president making ending fossil fuels his policy has more to do with it then any outside threats

US oil production is producing more oil than ever in history. It's really that simple. Presidents don't control oil companies.
 
With Iran and Israel heating up 4% is optimistic
I used 4% as that is what the oil companies will have to pay.
BUT they will recoup that by charging the general public PLUS an excuse to raise gas prices.
So I wouldn't be surprised the net effective increase on our gas prices will be at least 4% and more likely much higher!
 

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