Not a Monkeys Uncle
Diamond Member
- Jan 25, 2022
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- #41
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The US has never been energy independent. Even during 2020 we were importing five million bpd down from nine million bpdI hope you're at the front of the line if and when they try. Commie.
Run along. I've shown you proof that what you posted ^^ is bullshit. You wouldn't know facts if they slapped you.The US has never been energy independent. Even during 2020 we were importing five million bpd down from nine million bpd
The US uses about 19 million bpd and produces about 10 bpd.Run along. I've shown you proof that what you posted ^^ is bullshit. You wouldn't know facts if they slapped you.
Thanks to your vegetable in DC.The US uses about 19 million bpd and produces about 10 bpd.
Holy cow. You're stupid.Thanks to your vegetable in DC.
Coming from you? I am supposed to be insulted? Try again.Holy cow. You're stupid.
Coming from you? I am supposed to be insulted? Try again.
Biden's war on American energy
US oil costs twice as much to extract. We have the highest lift costs in the world so domestic producers need the higher ppb to stay in business. It's not a plot.
During the Trump presidency we imported 7-9 million bpd from Mexico, Canada, Venezuela.. after Trump put sanctions on Venezuela we started buying oil from Russia. We don't buy much oil from OPEC or Saudi. These days we are only importing 500,000 bpd from KSA.Biden's war on American energy made us dependent, again
Biden's war on American energy made us dependent, again
There are few issues where Trump and President Joe Biden have differed more broadly on policy than on energy production.www.foxbusiness.com
Once, during a meeting with then-presidential candidate Donald Trump inside Trump Tower on Fifth Avenue in New York, we discussed energy policy. I told Trump that if we went all out to produce America's abundant supply of oil, gas and coal, the United States could be energy independent in four years.
Trump looked at me from behind his desk and shook his head. "I don't want America to be energy independent. I want America to be energy dominant."
There are few issues where Trump and President Joe Biden have differed more broadly on policy than on energy production. Trump went full speed on fossil fuel production. He lifted drilling restrictions, especially in states such as Alaska and on federal lands in the continental states. He gave the green light to vitally needed pipelines. He blocked new extreme environmental regulations that were intended to choke off our oil and gas supplies. He recognized the shale oil and gas revolution as an unparalleled opportunity to reduce reliance on foreign oil.
The Trump energy policy was an astonishing economic success story. By January 2021, exactly a year ago and Trump's last month in office, for the first time in nearly 50 years, the U.S. was producing more oil than we were consuming. We imported no net oil from Saudi Arabia and the OPEC cartel nations. We were also producing more oil and gas than the Russians and the Arabs.
Free at last.
Biden has come into office, and after one year, we have seen a 4% surplus of domestic oil and gas production fall to a 4% oil and gas deficit. We have gone from energy independence back to energy dependence. This is because Biden has declared war on American energy.
He has killed pipelines and reversed almost all of Trump's pro-drilling policies. In early January, Biden stopped drilling on hundreds of thousands of potentially prime oil fields in Alaska. He is obsessed with climate change, so he loves wind and solar power and electric cars that don't use gasoline. But under even the most optimistic assumptions, we will be getting the majority of our electric power, heating oil and transportation fuels from fossil fuels for at least the next 25-30 years.