Biden blames gas prices on Putin... so how much oil does Russia provide??? FACTS folks!

[Moonglow]

Ask the Uranium business, it's been selling Uranium for a loss for 11 years.

Sounds like a personal problem.

 

[healthmyths]

You do understand about global oil prices don’t you?

We do not set the market

First of all no one believes you as you don't provide ANY proof to your statements!
Do substantiation before you write falsehoods!

And you evidently don't understand that 24% of the USA oil/gas comes from "FEDERAL LANDS"!
Biden banned in just 7 days from taking office, the exploration on land that produces 24% of our nation's oil/gas!

https://crsreports.congress.gov/product/pdf/R/R42432

And don't mention the 9,000 leases as the oil experts have debunked that number!

Biden claimed 9,000 oil drilling permits are unused. That’s true, but all work can’t begin ‘right now’​

There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started.

This claim needs context. While more than 9,000 approved permits to drill on federal lands aren’t producing oil and gas, that doesn’t mean companies could start drilling right now in all of those locations. Regulatory processes, court decisions and oil prices all play a role in when drilling can actually begin. According to the IPAA, some of these leases are going through a “complex regulatory process or are held up in litigation.” Western Energy Alliance, which represents hundreds of companies involved in the exploration and production of oil and natural gas, says on its website that it is defending more than 2,200 leases in court, most of which cannot be developed while the cases are ongoing.

Biden claimed 9,000 oil drilling permits are unused. That’s true, but all work can’t begin ‘right now’

There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started.

www.verifythis.com

FACTS!!!

 

[occupied]

That's funny
As the second-largest producer and exporter of petroleum in the world, Russia has considerable weight in exercising its control over the international oil market. However,
it remains a nonmember of the Organization of Petroleum Exporting Countries (OPEC), which is the dominant player in the global market.

R-3 Repository :: Home

scholarship.rice.edu

Why do you make such DUMB totally uninformed statement..."since he is a member of OPEC a"
You understand why people don't believe you ???

Every oil producer in the world has to avoid producing too much and creating a glut. They watch each other and adjust their production to keep oil prices high enough to make exploration and shipping profitable. OPEC has made this a cooperative system but everyone, including the US, adjusts production on a weekly basis. Then there's the speculators at the NYMEX who bid up the price of futures when there is uncertainty in the market. These oil profiteers are why prices are quick to rise and slow to fall.

 

[healthmyths]

It is not the US it is capitalist in the US. Yet the Ruskies and the capitalist are about to split the seams.....Enjoy it while you can because Russia will lose many a market.

Absolutely NO SENSE in your comment!

 

[iamwhatiseem]

7%. That's it. Tied with Saudi Arabia.
Yet Biden blames high gas prices on Russia.
7% of all imported oil... Russia.
So how much oil is used by USA per day?
In 2021, the United States consumed an average of about 19.78 million barrels of petroleum per day, or a total of about 7.22 billion barrels of petroleum.

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

www.eia.gov

Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.
Hmmm... so what was the cost of a gallon of gas under Trump? lowest price was $1.938 ... 04/1/20.
Today: gallon of gas $4.08 or 110% more than under Trump.
And Biden blames Russia???

Biden Blames Putin for Gasoline Prices,​

Biden Blames Putin for Gasoline Prices, Touts Higher-Ethanol Plan

President Joe Biden blamed a four-decade inflation high-water mark on Russian President Vladimir Putin’s invasion of Ukraine as he touted his administration’s as-yet unsuccessful efforts to lower gasoline prices.

www.bloomberg.com

View attachment 629713

Psaki also said yesterday that inflation was caused by Putin causing shortages. You would have to be a horse to believe that enormous lie.

 

[healthmyths]

Every oil producer in the world has to avoid producing too much and creating a glut. They watch each other and adjust their production to keep oil prices high enough to make exploration and shipping profitable. OPEC has made this a cooperative system but everyone, including the US, adjusts production on a weekly basis. Then there's the speculators at the NYMEX who bid up the price of futures when there is uncertainty in the market. These oil profiteers are why prices are quick to rise and slow to fall.

My point to moony was Russia IS not as she said a member of OPEC! Again facts...

Why Isn't Russia a Part of OPEC? | The Motley Fool

Russia could be first among equals -- but prefers to be just first.

www.fool.com

 

[rightwinger]

First of all no one believes you as you don't provide ANY proof to your statements!
Do substantiation before you write falsehoods!

And you evidently don't understand that 24% of the USA oil/gas comes from "FEDERAL LANDS"!
Biden banned in just 7 days from taking office, the exploration on land that produces 24% of our nation's oil/gas!

https://crsreports.congress.gov/product/pdf/R/R42432

And don't mention the 9,000 leases as the oil experts have debunked that number!

Biden claimed 9,000 oil drilling permits are unused. That’s true, but all work can’t begin ‘right now’​

There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started.

This claim needs context. While more than 9,000 approved permits to drill on federal lands aren’t producing oil and gas, that doesn’t mean companies could start drilling right now in all of those locations. Regulatory processes, court decisions and oil prices all play a role in when drilling can actually begin. According to the IPAA, some of these leases are going through a “complex regulatory process or are held up in litigation.” Western Energy Alliance, which represents hundreds of companies involved in the exploration and production of oil and natural gas, says on its website that it is defending more than 2,200 leases in court, most of which cannot be developed while the cases are ongoing.

Biden claimed 9,000 oil drilling permits are unused. That’s true, but all work can’t begin ‘right now’

There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started.

www.verifythis.com

FACTS!!!

Guess what Skippy

The US does not own the gas that is pumped here
If the price of gas is higher overseas, it gets shipped to the highest bidder

 

[PinktheFloyd88]

Biden blames gas prices on Putin... so how much oil does Russia provide??? FACTS folks!​

A ton to Europe. Especially Germany, the largest EU country.

 

[Rambunctious]

Biden is solely responsible for the gas price hike...he shut down a huge part of our fossil fuel industry making us more dependent on Russia which fueled this Putin war....he took Trump's foot off the neck of Putin and Putin responded by attacking its neighbor....

 

[occupied]

My point to moony was Russia IS not as she said a member of OPEC! Again facts...

Why Isn't Russia a Part of OPEC? | The Motley Fool

Russia could be first among equals -- but prefers to be just first.

www.fool.com

It hardly matters to the price of oil. They do exactly the same thing as OPEC, balancing supply to just barely meet demand to keep the price of oil at a profitable level. It's capitalism at it's worst.

 

[DarthTrader]

Guess what Skippy

The US does not own the gas that is pumped here
If the price of gas is higher overseas, it gets shipped to the highest bidder

No it doesn't. The US government restricts exports on things such as wheat, corn, oil, etc.

Which is why US is insulated against global wheat volatility and oil volatility. The US oil benchmarks generally follow global prices, but is not correlated perfectly.

 

[DarthTrader]

It hardly matters to the price of oil. They do exactly the same thing as OPEC, balancing supply to just barely meet demand to keep the price of oil at a profitable level. It's capitalism at it's worst.

Shut the fuck up, you don't know dick about the oil industry.

For decades the oil industry catered to you socialist fucks and oversupplied causing the oil majors to have shit balance sheets and ruining national wealth funds.

Only since covid did oil majors decide to fuck you socialists and actually run their businesses for a profit.

 

[occupied]

Biden is solely responsible for the gas price hike...he shut down a huge part of our fossil fuel industry making us more dependent on Russia which fueled this Putin war....he took Trump's foot off the neck of Putin and Putin responded by attacking its neighbor....

You probably actually believe this. Your right wing amnesia does not even allow you to recall Trump's inexplicable friendliness towards Russia and Putin.

 

[DarthTrader]

You probably actually believe this. Your right wing amnesia does not even allow you to recall Trump's inexplicable friendliness towards Russia and Putin.

Yawn. Biden actually has reduced US oil production by over 1million barrels.

 

[occupied]

Shut the fuck up, you don't know dick about the oil industry.

For decades the oil industry catered to you socialist fucks and oversupplied causing the oil majors to have shit balance sheets and ruining national wealth funds.

Only since covid did oil majors decide to fuck you socialists and actually run their businesses for a profit.

Are you actually trying to make the case that socialists made gasoline affordable? That's a new one.

 

[occupied]

Yawn. Biden actually has reduced US oil production by over 1million barrels.

Oil companies decide their own level of production for reasons I've already stated.

 

[DarthTrader]

Oil companies decide their own level of production for reasons I've already stated.

Oh yee of such little knowledge about the oil industry. Please enlighten me. I only made $24,500 last month, and made $10,000 in the last 2 weeks trading FUCKING OIL

 

[DarthTrader]

Are you actually trying to make the case that socialists made gasoline affordable? That's a new one.

Socialists like you skew markets in all sorts of stupid ways.

 

[occupied]

Oh yee of such little knowledge about the oil industry. Please enlighten me. I only made $24,500 last month, and made $10,000 in the last 2 weeks trading FUCKING OIL

Well good for you. Go spend some of it on a personality transplant because the one you have sucks.

 

[DarthTrader]

Well good for you. Go spend some of it on a personality transplant because the one you have sucks.

My personality is fine. You just don't know what you're talking about. People keep explaining to you the most basic fact and you deny reality.

Less oil lifted under Biden. Period.