Biden's three-pronged approach to lowering gas prices

[Admiral Rockwell Tory]

Bullshit. And now because of Biden we are refining Russian oil and gas in New Jersey. Biden's plan is to tax our oil and gas to death even more...
It is all about supply and demand. We have no supply.

Ever hear of sanctions?

 

[The Irish Ram]

Ever hear of Russia>>>Italy>>>New Jersey refinery?

 

[DigitalDrifter]

How can people get to be adults and not know that oil and NG are global commodities, they are sold on a global market place. We have an abundance of NG and oil, which is why we are exporting record amounts of both. How could we be doing that if we had a shortage?



The Keystone had jack shit to do with "us". It was going to move Canadian oil from there to the golf for exporting.



I go by data and facts, not emotions like you choose to live by.

The world as a whole cut production by 7.4% in 2020, and so far only North America is back close to where it was in 2019. By next year, no matter waht happens next week, America will be above the 2019 numbers before the 2020 crash of oil production.

Crude Oil Production Statistics | Crude Oil | Enerdata

Crude Oil Production detailed by Region. Get updated figures on crude production with graphs and analysis provided by Enerdata.

yearbook.enerdata.net

There was nothing to stop the Keystone oil from being sold in the U.S.
Most of it would have no doubt been exported, but a good deal of it would have been refined, and sold here.
Politifact more than once has debunked the Dimocrat claims that all Keystone oil would be exported.

 

[Harpy Eagle]

There was nothing to stop the Keystone oil from being sold in the U.S.
Most of it would have no doubt been exported, but a good deal of it would have been refined, and sold here.
Politifact more than once has debunked the Dimocrat claims that all Keystone oil would be exported.

You do know that the oil that was supposed to be coming via the pipeline still is coming down here, just via other methods.

The problem is not North America, we are the only region ahead of the 2018 production numbers an closing in on 2019. But none of the other regions are, thus the problem.

 

[DigitalDrifter]

You do know that the oil that was supposed to be coming via the pipeline still is coming down here, just via other methods.

The problem is not North America, we are the only region ahead of the 2018 production numbers an closing in on 2019. But none of the other regions are, thus the problem.

Yes, but having the infrastructure of a pipeline delivery system, would not only be more efficient than trucking, you could always continue trucking in addition to the pipeline.

 

[Couchpotato]

You do know that the oil that was supposed to be coming via the pipeline still is coming down here, just via other methods.

The problem is not North America, we are the only region ahead of the 2018 production numbers an closing in on 2019. But none of the other regions are, thus the problem.

You mean via rail powered by diesel trains. At a minimum the Pipeline saves the gas to get it to the refinery.

 

[Ray From Cleveland]

You mean via rail powered by diesel trains. At a minimum the Pipeline saves the gas to get it to the refinery.

Not to mention the risk of an accident or oil spill. But hey, if the left says it's for the environment, then it's for the environment damn it, no questions asked.

 

[Couchpotato]

Not to mention the risk of an accident or oil spill. But hey, if the left says it's for the environment, then it's for the environment damn it, no questions asked.

Yeah I’ve never quite understood how moving the oil via rail is better for the environment than via pipeline

 

[Leo123]

Yeah I’ve never quite understood how moving the oil via rail is better for the environment than via pipeline

It's more lucrative to one of Biden's supporters, the owner of the railway that transports that oil.....Warren Buffett.

 

[22lcidw]

You do know that the oil that was supposed to be coming via the pipeline still is coming down here, just via other methods.

The problem is not North America, we are the only region ahead of the 2018 production numbers an closing in on 2019. But none of the other regions are, thus the problem.

The oil is now supposedly coming down by train at a much higher price owned by Murdoch?

 

[Harpy Eagle]

The oil is now supposedly coming down by train at a much higher price owned by Murdoch?

 

[Harpy Eagle]

It's more lucrative to one of Biden's supporters, the owner of the railway that transports that oil.....Warren Buffett.

Is it Buffett or Murdoch?

You all need to get your stories straight.

 

[Admiral Rockwell Tory]

Ever hear of Russia>>>Italy>>>New Jersey refinery?

No. Do you have a link?

 

[Couchpotato]

No. Do you have a link?

Russian oil products are likely ending up in the US after being refined in India, report says

"It does look like there's a trade where Russian crude is refined in India and then some of it is sold to the US," an energy analyst told the WSJ.

markets.businessinsider.com

not exactly what he’s claiming but

US Said Indian Vessels Exported Russian Oil to New York: RBI

The US warned India that Russian oil was being relayed via ocean transfers to hide its origin, in violation of US sanctions, top RBI official says.

www.asiafinancial.com

Not surprising that people are finding loopholes and work arounds. I read somewhere China is doing the same thing with Russian oil ans NG and selling it it Europe

 

[Leo123]

Is it Buffett or Murdoch?

You all need to get your stories straight.

Buffett from what I've read.

 

[Admiral Rockwell Tory]

Russian oil products are likely ending up in the US after being refined in India, report says

"It does look like there's a trade where Russian crude is refined in India and then some of it is sold to the US," an energy analyst told the WSJ.

markets.businessinsider.com

not exactly what he’s claiming but

US Said Indian Vessels Exported Russian Oil to New York: RBI

The US warned India that Russian oil was being relayed via ocean transfers to hide its origin, in violation of US sanctions, top RBI official says.

www.asiafinancial.com

Not surprising that people are finding loopholes and work arounds. I read somewhere China is doing the same thing with Russian oil ans NG and selling it it Europe

You are right. It has nothing to do with what was claimed.

 

[theHawk]

The idiocy is really difficult to believe. Here is his plan:
1.) Release more from the Strategic Petroleum Reserve.
Yes, while the reserve is at the lowest level in decades, and we continue to poke Putin in his eyes and China is getting more aggressive - release our strategic reserves as a political gesture.
2.) In order to address oil companies' concerns about investing in additional production with uncertain demand in the future (like when the government has declared war on your industry), Biden promises to refill the reserve when prices are down to $70/barrel. You'll have to be patient here in the video, as he goes into Bidem mushmouth, but that's the gist. This is another brilliant strategy. Keep the reserves low until some imaginary point in the future. Don't worry about it now, while tensions everywhere are as high as they have ever been in peacetime. He knows we will have to refill the reserve sooner than that and it will be expensive, but that's down the road and he could not care less.
3.) He's "calling on oil companies to pass the savings on to consumers" What savings, you might ask. No clue. Pretty sure he means profits, because he adds, "oil companies are using record profits to buy back shares and pay dividends, passing that money on to their shareholders not to consumers.... You should be using your profits to increase production and refining".

Here is the best part. Seconds after chastising oil companies to lower prices and invest in production, he says this "Our country needs to pass permanent reform to accelerate the development of clean energy.. wind, solar, hydrogen.."

So, along with a stunning ignorance of market economics, he fails the irony test by following up all that crap with a call for permanent reform to benefit alternatives to oil.

MSN

www.msn.com

Three pronged approach for gas prices?

Drop your pants.

Bend over.

Grab your ankles.

 

[Couchpotato]

You are right. It has nothing to do with what was claimed.

It’s Russian oil coming to the US through an intermediary. India instead of Italy. But in typical style you just want to be a dick so.

 

[Ray From Cleveland]

Yeah I’ve never quite understood how moving the oil via rail is better for the environment than via pipeline

The same way oil and gas are produced much dirtier from our exporting partners than it is producing it in the US with the thousands of environmental regulations we have. As long as it isn't happening in our backyard, it's good for the global environment.

 

[Admiral Rockwell Tory]

It’s Russian oil coming to the US through an intermediary. India instead of Italy. But in typical style you just want to be a dick so.

If you read your fucking links, you would know it is not oil but a refined product used in plastics. The other poster claimed it was Russian oil, Italy was the refiner, and New Jersey was refining it. You substituted India as the refiner and shipper, and New York as the destination. How is that the same? That is like saying California is refining Florida oil, despite the fact that Florida really doesn't produce any oil.