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How is he not allowing production on private land?Poopeypants is purposely not allowing production here in the US...that shortens the supply and the oil companies, knowing his plan is to eliminate oil altogether, raise their prices. Duuuuuh!
US companies can produce as much as they want and right now they have as much as they want. They could increase production but why would they when they are making bank?The rest of the world can get rich on oil but Biden thinks American oil is evil. The A-hole would buy oil from a corrupt country like Venezuela but he refuses to allow U.S. companies to produce more oil. It doesn't make sense but nothing in the Biden regime makes sense anyway.
Joe is a meat puppet that can only do as he's told by his masters.
A strong American economy with plentiful domestic energy does not fit the NWO reset plans.
They need a scared & compliant populace to install their totalitarian society
Proof? Who are you? Are you an oil extraction professional?
Now a few minutes Google search shows the OPPOSITE of your personal unsubstantiated comment!
"There are indications that the initially high marginal cost of shale oil production has been declining substantially, as the shale oil industry has gained experience, but there are no reliable industry-level estimates of marginal cost."
How has shale oil affected the global oil price?
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and...www.weforum.org
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Poopeypants is purposely not allowing production here in the US...that shortens the supply and the oil companies, knowing his plan is to eliminate oil altogether, raise their prices. Duuuuuh!
Joe said he would end fossil fuels but big oil is making record profits.yet it is happening.
Weird.
Permian oil output forecast to hit record high in June -EIA
https://www.reuters.com › business › energy › permian-oi...
May 16, 2022 — Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 88000 barrels per day (bpd) to a record ...
Most US wells produce less than 50 barrels per day. Fracking and gas injection are too costly for such a small production. That's why we still use Jack pumps or rocker pumps.The Cost of Shale Oil vs. Conventional Oil
Fracking technology has brought new costs to the oil extraction process, and that has an impact on the profitability of the deposits being drilled.www.investopedia.com
Some new shale oil wells in the U.S. may have a break-even point of less than $30 a barrel despite the higher drilling and fracking costs. However, the average break-even point for new wells ranges from $46 to $58, depending on the site, with the higher-cost wells coming in at $90 a barrel.
Considering I own mineral rights in Okiehoma and get royalties from the oil extracted from it I am sure you are a fool of utter proportions.This must being embarrassing for you after you and your fellow cultists spread all that "peak oil" hysteria a few years ago.
LOL
When has a politician never lied?Joe said he would end fossil fuels but big oil is making record profits.
Is Joe a failure?
Joe is building OPEC back better....
. The Saudis dress funny, but they aren't stupid.
Big oil is making Joe their bitchUS companies can produce as much as they want and right now they have as much as they want. They could increase production but why would they when they are making bank?
He hates the Saudi's?..... Then why is he making them rich again?....Biden has a blind spot. He hates the Saudis and has insulted them horribly. He probably thinks they liked Trump.
And you, they love making you bend over for the privilege to have fuel and they have been doing it since the 1970s.Big oil is making Joe their bitch
Joe said he would end fossil fuels but big oil is making record profits.
Is Joe a failure?
Have you ever lived in a severe recession? Those in the 1970's not privileged with the better jobs found out about that. Culminated with the Federal Reserve raising the prime rate to double digits. We need that now if inflation does not lower. But the economy will be affected. They are hoping for a moderate recession. Hopefully a quick one. But we are now back in the cradle of the globalists and the swampers.Because unless oil companies here and primarily the king of oil in OPEC, the Saudis, increase their supply to pre pandemic levels, we will continue to have world wide shortages, causing prices to rise globally.
