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Biden administration stoking higher energy prices with oil and gas crackdown

Bootney Lee Farnsworth

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Lolol use your brains for a change. Nobody shuts down a viable pipeline. Keystone XL is a tax dodge that benefits the Chinese at our expense. If it's such a great idea build it in Canada to the Atlantic or Pacific.
Oh, I see. You have no idea what the fuck you're talking about.

Good to know.
 

Bootney Lee Farnsworth

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The oil men don't care about your partisan hysterics.
The democrats do and they will do anything to kill viable energy sources so they can introduce socialsim.

Quit being a dumb fuck.
 

surada

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The democrats do and they will do anything to kill viable energy sources so they can introduce socialsim.

Quit being a dumb fuck.
See what I mean? You are stupid and hysterical. We're not socialists. If you want cheap gasoline at any cost, you may have to nationalize the oil business. Go ahead and have your tantrums. I think it's a stinking idea, but you ignorant babies can't face reality. Gasoline has not kept up with housing, healthcare, automobile prices, education etc over the past 30 years. You're hell bent to kill the US oil business.
 
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Ordinary Guy

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You mean in the great lakes area? Those pipelines are 50 years old and should have been rebuilt 3 years ago. They are a disaster waiting to happen.
according you or some leftwing media hub stirring shit up? Batshit crazy libs make shit up as they go along
 
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Ordinary Guy

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Fox is playing you guys. You can't fix a problem, or a pipeline with a tantrum or a lie.
Pipelines are cheaper and safer than trucks or rail nutboy
 

surada

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Pipelines are cheaper and safer than trucks or rail nutboy
Not if they are unnecessary. TransCanada has lots of unused pipeline capacity all over the Midwest.. and they will leave all those small refineries high and dry. Developers will pursue a loser's game if they can skim enough off the top. Keystone XL is a boondoggle..
 

Burgermeister

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Even MSN is reporting this -
The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation achieved net exporter status, according to government data.

The country will import more crude oil than it will export, signaling lower domestic production of the commodity, according to an Energy Information Administration (EIA) report Friday. In 2020, the U.S. exported more petroleum than it imported for the first time in several decades.


Biden showing everyone what you can do when you have singular focus.
 
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Ordinary Guy

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Not if they are unnecessary. TransCanada has lots of unused pipeline capacity all over the Midwest.. and they will leave all those small refineries high and dry. Developers will pursue a loser's game if they can skim enough off the top. Keystone XL is a boondoggle..
irrelevant, fact is pipelines are the safest way to transport liquid followed by rail then truck. if carbon emissions come into play, pipelines are the only way to go
 

Burgermeister

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The US has been a net importer since 1973. If you want to export more than you import, you'll have to go back to 2020 during the lockdown.
Try again. September 2019 was our first net exporting month since 1973, six months before the lockdown. Thank you President Trump. Would have been nice to continue winning.
 

surada

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Try again. September 2019 was our first net exporting month since 1973, six months before the lockdown. Thank you President Trump. Would have been nice to continue winning.
Look at the numbers.we exported 3-5 million and imported 8 million.
 

Burgermeister

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You all want so badly to find some way to not give Trump credit for kicking ass.

Had absolutely nothing to do with the lockdown.
 

surada

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You all want so badly to find some way to not give Trump credit for kicking ass.
It was the natural progression of things. Trump didn't do anything.
 

Burgermeister

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It was the natural progression of things. Trump didn't do anything.
You said it was the lockdown, that was wrong, wrong about the timing, so now it was the natural progression of things. Give up.
 

surada

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You said it was the lockdown, that was wrong, wrong about the timing, so now it was the natural progression of things. Give up.
All of 2020 saw the collapse of market demand. The uptick in investment and production started when Obama took office after 8 years of dubya. Luck and the strength of the ppb was driving it.
 

otto105

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EXCLUSIVE: The Biden administration is exacerbating soaring energy prices by cracking down on the oil and gas industry with new regulations that limit production and discourage investments in traditional energy infrastructure, according to a new analysis published Wednesday by the Joint Economic Committee Republicans.

For months, the prices of all kinds of energy – gasoline, diesel fuel, natural gas, oil and more – have been a major driver behind inflation, which surged 7% in December, the highest level since 1982. Energy costs have climbed more than 29% over the past year, in part due to lopsided supply and demand. Consumers are traveling more, but the supply side has not kept up with the demand.

SURGING INFLATION TAKES HOLD IN MOUNTAIN STATES, WITH RATES NEAR 9%

But it's more complicated than that: The JEC study, shared exclusively with FOX Business, shows how President Biden's policies have stoked higher energy prices by "imposing new barriers to accessing American oil and gas reserves, and by discouraging investment in these historically reliable and inexpensive sources of energy." Rep. Mike Lee, R-Utah, is the ranking member of the Joint Economic Committee.

"Washington is sending conflicting messages," the report, authored by economist Hugo Dante and data analyst Kole Nichols, said. "Policymakers seem simultaneously concerned about high prices reflecting the weak supply of oil and gas, while aggressively pursuing an agenda designed to entirely phase-out oil and gas from domestic energy production."

In the early days of the pandemic, the U.S., like other oil-producing countries, shut down production and canceled new investments in expanded capacity, leading to the lowest level of oil and gas wells in the U.S. on record in the summer of 2020. But while demand has rebounded since then, production capacity remains about 13% below pre-pandemic levels, the JEC report shows.

https://www.foxbusiness.com/economy/...lation-oil-gas

MORE PROOF THAT DEMOCRATS HATE THE WORKING CLASS
Phax news....Wave good bye to any credibility you think you had ordinary racist guy,
 

Burgermeister

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All of 2020 saw the collapse of market demand. The uptick in investment and production started when Obama took office after 8 years of dubya. Luck and the strength of the ppb was driving it.
No you kept making shit up and stating it as fact and proven wrong and now you’re scrambling. Done with you.
 

surada

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No you kept making shit up and stating it as fact and proven wrong and now you’re scrambling. Done with you.
Look at the numbers. Our exports we're small and our imports remained fairly stable . We did have a banner production .. I think we topped 10 million bpd.
 

surada

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Decades of cash flow losses? I thought oil and gas companies were enemies because they make so much profit? In fact, in this reply right here from your own buddy GG a hard core lib, he states higher fuel prices means more profits for oil and gas industries.




Now you are quoting a source that says oil and gas companies are not drilling because they've lost so much money?

So which is it, lib?
He's correct about the oil companies.
 

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