Biden crushes US oil industry and Russia profits from it

[Not a Monkeys Uncle]

Kilmeade: This is the price the president chose to pay

 

[bendog]

Kilmeade: This is the price the president chose to pay

Dah, Russia doing very well.

 

[Bobob]

i love your wild stories, about nothing but lies…give us another

Wild and accurate. Try being wild and accurate once in a while.

 

[struth]

Wild and accurate. Try being wild and accurate once in a while.

maybe you don’t know what the word accurate means…

 

[Bobob]

maybe you don’t know what the word accurate means…

I will google the word just to make sure, but I think I am correct on this one.

 

[struth]

I will google the word just to make sure, but I think I am correct on this one.

well your post don't seem to suggest that

 

[Bobob]

well your post don't seem to suggest that

Maybe it is you who may need to look up the word, because your response suggests that you have no clue as to the meaning of the word.

 

[Flash]

Isn't Hunter Biden a world expert on energy? He can command an $80K/month salary from foreign energy companies for his expertise in energy. Why doesn't Biden put Hunter in charge of solving our energy problem?

 

[Wickerthing]

. The truth about gas prices is that 1) OPEC manipulates prices simply because they can. 2) The US sells 75% of oil and natural gas that we produce,overseas. The truth is that we could be oil independent tomorrow if Politicians on both sides of the issue would break ranks with BIG OIL and forego the loot that flows into their campaigns. 3) No President including Biden has ever done what actually needs to be done at times like this. With the stroke of a pen he could issue an Exec. Order to US oil companies not to export oil. period. We would be immediately independent. But since US oil and it's production is privately owned by giant corporations, no one dares to even suggest that. That's how owned we are by Big oil. Those Corps would take it on the chin profit-wise until prices are forced downward and they would still turn enormous profits. That can't happen as long as our so-called representatives take corporate money. And that isn't just true of oil and gas. That's true of ANY action to free ourselves of the addiction to fossil fuels. Just watch how they fight to protect the interests of their true owners. Of our true owners.

 

[berg80]

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.

U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.

“[Keystone XL] was a missed opportunity to increase North American energy security, lower costs for American consumers and reduce dependence on foreign energy sources that are hostile to U.S. interests,” says Frank Macchiarola, senior vice-president with the American Petroleum Institute.

"As the final Supplemental Environmental Impact Statement makes clear, gas prices throughout the United States are primarily driven by global market factors," a spokesperson said. "The amount of Western Canada Sedimentary Basin (WCSB) crude that makes its way to the Gulf region does not change this dynamic. Any impact on prices for refined petroleum products resulting from the approval and construction of the Keystone XL pipeline would be minimal."

Will all the oil from the Keystone XL pipeline be exported?

2022 coverage: RELATED: Keystone wouldn’t simply offset oil US imports from Russia RELATED: Pence falsely blames Biden’s

www.politifact.com

 

[berg80]

The primary reason for rising gas prices over the past year is the coronavirus pandemic and its disruptions to global supply and demand.

“Covid changed the game, not President Biden,” said Patrick De Haan, the head of petroleum analysis for GasBuddy, which tracks gasoline prices. “U.S. oil production fell in the last eight months of President Trump’s tenure. Is that his fault? No.”

“The pandemic brought us to our knees,” Mr. De Haan added.

In the early months of 2020, when the virus took hold, demand for oil dried up and prices plummeted, with the benchmark price for crude oil in the United States falling to negative $37.63 that April. In response, producers in the United States and around the world began decreasing output.

As pandemic restrictions loosened worldwide and economies recovered, demand outpaced supply. That was “mostly attributable” to the decision by OPEC Plus, an alliance of oil-producing countries that controls about half the world’s supply, to limit increases in production, according to the U.S. Energy Information Administration. Domestic production also remains below prepandemic levels, as capital spending declined and investors remained reluctant to provide financing to the oil industry.

Russia’s invasion of Ukraine has only compounded the issues.

Republicans Wrongly Blame Biden for Rising Gas Prices (Published 2022)

They have pointed to the Biden administration’s policies on the Keystone XL pipeline and certain oil and gas leases, which have had little impact on prices.

www.nytimes.com

 

[surada]

So you admit you knew it was fuzzy math but didn’t divulge that initially. Your dishonesty is noted, Islamist.

Do you follow OPEC, Brent and West Texas intermediate on a daily basis? I check them a couple times a week for the past few decades. Sounds like you are having problems with your ego.

 

[surada]

The primary reason for rising gas prices over the past year is the coronavirus pandemic and its disruptions to global supply and demand.

“Covid changed the game, not President Biden,” said Patrick De Haan, the head of petroleum analysis for GasBuddy, which tracks gasoline prices. “U.S. oil production fell in the last eight months of President Trump’s tenure. Is that his fault? No.”

“The pandemic brought us to our knees,” Mr. De Haan added.

In the early months of 2020, when the virus took hold, demand for oil dried up and prices plummeted, with the benchmark price for crude oil in the United States falling to negative $37.63 that April. In response, producers in the United States and around the world began decreasing output.

As pandemic restrictions loosened worldwide and economies recovered, demand outpaced supply. That was “mostly attributable” to the decision by OPEC Plus, an alliance of oil-producing countries that controls about half the world’s supply, to limit increases in production, according to the U.S. Energy Information Administration. Domestic production also remains below prepandemic levels, as capital spending declined and investors remained reluctant to provide financing to the oil industry.

Russia’s invasion of Ukraine has only compounded the issues.

Republicans Wrongly Blame Biden for Rising Gas Prices (Published 2022)

They have pointed to the Biden administration’s policies on the Keystone XL pipeline and certain oil and gas leases, which have had little impact on prices.

www.nytimes.com

OMG you know about the oil business.

 

[AzogtheDefiler]

Do you follow OPEC, Brent and West Texas intermediate on a daily basis? I check them a couple times a week for the past few decades. Sounds like you are having problems with your ego.

Why would you check them a couple of times a week? Do tell. I do follow oil prices. Absolutely. I need to for work. Why do you?

 

[Wickerthing]

"As the final Supplemental Environmental Impact Statement makes clear, gas prices throughout the United States are primarily driven by global market factors," a spokesperson said. "The amount of Western Canada Sedimentary Basin (WCSB) crude that makes its way to the Gulf region does not change this dynamic. Any impact on prices for refined petroleum products resulting from the approval and construction of the Keystone XL pipeline would be minimal."

Will all the oil from the Keystone XL pipeline be exported?

2022 coverage: RELATED: Keystone wouldn’t simply offset oil US imports from Russia RELATED: Pence falsely blames Biden’s

www.politifact.com

True. And the oil from Canada is very low grade crude. Aside from covid, we also have the problem of corporate ownership of every drop of oil produced in America and their unwillingness to keep more of it here instead of selling it to overseas markets.

 

[Sunsettommy]

Biden crushed the oil industry?

They made record breaking profits.

I wish Biden would "crush" me.

Because of record high oil prices.....

 

[francoHFW]

Biden Shuts Down Keystone Pipeline, Removes Sanctions From Nord Stream 2, Then Imports Tons of Oil From Russia

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djhjmedia.com

To be fair, Biden is not just importing oil from Russia, he is importing oil from Iran also. But the bigger question might be what are the cuts for Hunter and The Big Guy? Someone is benefiting from all of this at the expense of Americans. Might as well go with the most likely ones first. Under Trump, this country reached energy independence for the first time, and under Biden, it has gone to hell in a handbasket.

Energynow.com reports:

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.

U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.

“[Keystone XL] was a missed opportunity to increase North American energy security, lower costs for American consumers and reduce dependence on foreign energy sources that are hostile to U.S. interests,” says Frank Macchiarola, senior vice-president with the American Petroleum Institute.

Renewable energy in the U.S. is growing, and demand for oil continues to surge.

Consumption in 2023 is expected to reach 17.2 million barrels per day, higher than before the COVID-19 pandemic, according to the U.S. Energy Information Administration.

Before President Biden’s cancellation in January 2021, Canadian oil producers remained committed to Keystone XL despite waiting nearly 12 years for the project to go ahead.

In 2018, a decade after the first regulatory application, Keystone XL had 20-year shipping commitments for about 60 per cent of its capacity. In 2020, that increased to nearly 70 per cent.

The U.S. Gulf Coast is the world’s largest processing region for what is known as “heavy oil,” and Alberta is the world’s largest heavy oil producer.

“Keystone XL was probably one of the largest pipeline projects proposed that would have tied Canadian supply to the U.S. Gulf coast as a bullet train express,” says Kevin Birn, chief analyst, Canadian crude oil markets with consultancy IHS Markit.

The most recent data from the U.S. Energy Information Administration shows that in May, 844,000 barrels of oil were imported from Russia. This makes Biden the real Putin puppet. Was it for profit or for blackmail? We may never know, but we do know it was not done for the American people.

The enemy of lies corruption and ignorant hate you mean...

 

[Wickerthing]

Kilmeade: This is the price the president chose to pay

Hey! It's gotta be true if Fox said it. LOL

 

[beautress]

Biden Shuts Down Keystone Pipeline, Removes Sanctions From Nord Stream 2, Then Imports Tons of Oil From Russia

Maintenance Mode

Site will be available soon. Thank you for your patience!

djhjmedia.com

To be fair, Biden is not just importing oil from Russia, he is importing oil from Iran also. But the bigger question might be what are the cuts for Hunter and The Big Guy? Someone is benefiting from all of this at the expense of Americans. Might as well go with the most likely ones first. Under Trump, this country reached energy independence for the first time, and under Biden, it has gone to hell in a handbasket.

Energynow.com reports:

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.

U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.

“[Keystone XL] was a missed opportunity to increase North American energy security, lower costs for American consumers and reduce dependence on foreign energy sources that are hostile to U.S. interests,” says Frank Macchiarola, senior vice-president with the American Petroleum Institute.

Renewable energy in the U.S. is growing, and demand for oil continues to surge.

Consumption in 2023 is expected to reach 17.2 million barrels per day, higher than before the COVID-19 pandemic, according to the U.S. Energy Information Administration.

Before President Biden’s cancellation in January 2021, Canadian oil producers remained committed to Keystone XL despite waiting nearly 12 years for the project to go ahead.

In 2018, a decade after the first regulatory application, Keystone XL had 20-year shipping commitments for about 60 per cent of its capacity. In 2020, that increased to nearly 70 per cent.

The U.S. Gulf Coast is the world’s largest processing region for what is known as “heavy oil,” and Alberta is the world’s largest heavy oil producer.

“Keystone XL was probably one of the largest pipeline projects proposed that would have tied Canadian supply to the U.S. Gulf coast as a bullet train express,” says Kevin Birn, chief analyst, Canadian crude oil markets with consultancy IHS Markit.

The most recent data from the U.S. Energy Information Administration shows that in May, 844,000 barrels of oil were imported from Russia. This makes Biden the real Putin puppet. Was it for profit or for blackmail? We may never know, but we do know it was not done for the American people.

Biden will pay for his crimes against the American people, who are fast becoming his enemy-du-jour.

 

[beautress]

Hey! It's gotta be true if Fox said it. LOL

Biden's getting rich off this. It's his modus operandia aka MO.