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Then how are they raking in so much profit
So this is another Joe Biden lie? #235,438.
Sure it certainly is working that way. They are not drilling and spending in order to feed their investors and themselves due to the exorbitant prices. Wouldn't you?You can't rake in profit if you sit on a lease. Doesn't work that way.
Presidents still don't drill for oil. The historic low in rig activity was in 2020.
But I know. Saul Biden.
And Beer.
Beer, of course.So how will Joe Biden "end fossil fuel" like he promised?
Sure it certainly is working that way. They are not drilling and spending in order to feed their investors and themselves due to the exorbitant prices. Wouldn't you?
They are drilling. Those are reason why they are not increasing as fast as they would like too.They're not drilling because costs of steel, oil based mud used to drill, casing has all increased significantly in price. In addition to increased prices there is a supply chain issue.
They are drilling. Those are reason why they are not increasing as fast as they would like too.
Crude Oil and Natural Gas Drilling Activity
www.eia.gov
Rig Count Overview & Summary Count | Baker Hughes Rig Count
The Investor Relations website contains information about Baker Hughes Rig Count's business for stockholders, potential investors, and financial analysts.rigcount.bakerhughes.com
The US is half as bad as Venezuela. The Saudis come in best at 4%>Biden wants oil from these countries:
But Biden has DISCOURAGED USA oil exploration and production by doing this in January 27,2021
Worldwide: emission from oil production by country 2015 | Statista
As of 2015, the volume of emission produced by oil production in Venezuela was 20.3 carbon dioxide equivalent/g per megajoule, compared to 4.6 carbon dioxide equivalent/g per megajoule in Saudi Arabia.www.statista.com
- Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.
- The series of actions kick off the president’s agenda to reduce the country’s emissions and establish stricter targets under the Paris climate accord.
As a result, oil producers shut down their efforts to find NEW oil on the lands that produce The federal share of total U.S. crude oil production fell from its peak at nearly 36% in 2009 to less than 24% in 2017. Obama's fault now Biden's !
Biden suspends oil and gas leasing in slew of executive actions on climate change
Biden's orders will halt oil and natural gas leases on public lands and waters in an effort to curb planet-warming carbon emissions.www.cnbc.com
So now this truly ignorant president WANTS oil from the worst CO2 emitters? Venezuela? Iran?
HEY Dummy President!
Remove your blockage of domestic oil exploration and watch the price drop as the USA once again becomes as we did in 2019... ENERGY Independent and I'm not saying it!
In November 2019, the United States became a net exporter of all oil products, including both refined petroleum products and crude oil.[5] By 2021 the US was the world's largest producer.
View attachment 616108
United States energy independence - Wikipedia
en.wikipedia.org
So what? The point is why go to those countries that are WORSE than the USA, i.e. Venezuela, Iran, Iraq as Biden has done to make matters worse!T
The US is half as bad as Venezuela. The Saudis come in best at 4%>
It has been increasing since hitting 250 in 2020. It's just a matter of time.Thanks, yeah that's right. We're still drilling.
We have enough to supply the world, but pedo joe doesn't want anything to benefit the United States.Hey tumphumper dummy! We get oil from those who have it, and spread the purchases for obvious reasons.
All of a sudden you tumphumpers want government controls? You bitch, moan, whine, and complainWe have enough to supply the world, but pedo joe doesn't want anything to benefit the United States.
Maybe some supply chain issuesThey're not drilling because costs of steel, oil based mud used to drill, casing has all increased significantly in price. In addition to increased prices there is a supply chain issue.
JUST THE OPPOSITE! YOU are so missing the point!All of a sudden you tumphumpers want government controls? You bitch, moan, whine, and complain
ad nausea about our "autocracy" under the Democrats, and yet you want government control of the oil industry in America. Can't have it all ways, chum. Whether oil is sold here or abroad, you will pay the market price for gas, because profit is the name of the game in a free market society. Getting off the oil standard is the way to go so that we do not pay the high prices. Right now, our government is working toward that objective while also pumping oil due to necessity. In other words, they are walking and chewing gum at the same time.
My objective opinion is based on my reading. What Biden did when gas was priced accordingly and what he is doing since the threat of attack from Russia, are 2 different things. Wake up.JUST THE OPPOSITE! YOU are so missing the point!
Biden banned exploration on land that produces 24% of our oil and gas.
FACTS I deal with them you don't!
Biden banned in just 7 days from taking office, the exploration on land that produces 24% of our nation's oil/gas !
Production fell from its peak at nearly 36% in 2009 to less than 24% in 2017.
Obama's fault now Biden's !
Your subjective, personal biased opinion is just that! I deal with the FACTS why can't you?
Lol, you have no idea what you are talking about. If biden announced he was going back with Trump's energy policies. The price of gas would plummet.All of a sudden you tumphumpers want government controls? You bitch, moan, whine, and complain
ad nausea about our "autocracy" under the Democrats, and yet you want government control of the oil industry in America. Can't have it all ways, chum. Whether oil is sold here or abroad, you will pay the market price for gas, because profit is the name of the game in a free market society. Getting off the oil standard is the way to go so that we do not pay the high prices. Right now, our government is working toward that objective while also pumping oil due to necessity. In other words, they are walking and chewing gum at the same time.
So stopping Russian oil importation as you, Psaki ,et.al. perceive caused gas prices to skyrocket.My objective opinion is based on my reading. What Biden did when gas was priced accordingly and what he is doing since the threat of attack from Russia, are 2 different things. Wake up.
My point should be obvious about you tumphumpers.
www.nbcnews.com
The stoppage of Russian oil to the free world (not just to the U.S) helped to increase the price of oil, yes? Arabians didn't respond by increasing supplies. Our oil companies sell oil at market value all over the world, so our oil prices will rise regardless. I do not know what Jen Psaki's position is, but she knows stuff that you and I do not know. We can discount just about anything that trump and his "news" stations report, because their ideas are in vogue with you and your ilk only to make the President look bad and not to address the real causes.So stopping Russian oil importation as you, Psaki ,et.al. perceive caused gas prices to skyrocket.
How much oil did the USA import from Russia?
FACT: Russian oil makes up 8 percent of U.S. oil imports
So your perception is 8% has caused gas prices to rise BUT banning oil from Federal lands doesn't?The Data Point: Russia, one of the top oil exporters to the U.S., still represents a drop in the U.S. oil supply
Russian oil makes up 8 percent of U.S. oil imports. In most European countries, that number is much higher.
Is that right?
Biden banned in just 7 days from taking office, the exploration on land that produces 24% of our nation's oil/gas !
