Does Biden have a choice? Russia is third largest oil supplier to USA !

[healthmyths]

Already rising gas prices are expected to climb after Russia invaded Ukraine. A senior Defense Department official told USA TODAY Russia has massed all the forces to launch a full-scale invasion of Ukraine. The attack began before dawn Thursday.
After Russian President Vladimir Putin sent troops to regions in eastern Ukraine earlier this week, President Joe Biden announced sanctions against Russia for a "flagrant violation of international law."
As of Thursday, the national average gas price in the U.S. is $3.54 a gallon, according to AAA, up from $2.65 just a year ago. And experts project gas prices could top $4.
Meanwhile, on Thursday, Brent crude oil briefly jumped above $100 a barrel in London for the first time since 2014.

Will gas prices keep rising after Russia invasion of Ukraine? Here's what we know

Already high gas prices could surge even higher as the world braces for the conflict between Russia and Ukraine to escalate.

www.usatoday.com

So what can Biden do?

WELL FOR ONE DAMN thing... LIFT the moratorium on oil and gas exploration on Federal lands that supply 25% of our oil!
Biden signed a moratorium on exploring for oil on land that provides 25% of the nation's oil.
FACT: The White House froze new oil and gas lease sales shortly after President Biden took office.

3 things are clear about Biden's latest move on oil leasing

The Biden administration's latest moves surrounding federal oil and gas leases have come with typically muted messaging from the Interior Department and broad anxieties for industry supporters and environmentalists alike. But with tensions, and confusion, around the oil program at an all-time...

www.eenews.net

 

[surada]

Already rising gas prices are expected to climb after Russia invaded Ukraine. A senior Defense Department official told USA TODAY Russia has massed all the forces to launch a full-scale invasion of Ukraine. The attack began before dawn Thursday.
After Russian President Vladimir Putin sent troops to regions in eastern Ukraine earlier this week, President Joe Biden announced sanctions against Russia for a "flagrant violation of international law."
As of Thursday, the national average gas price in the U.S. is $3.54 a gallon, according to AAA, up from $2.65 just a year ago. And experts project gas prices could top $4.
Meanwhile, on Thursday, Brent crude oil briefly jumped above $100 a barrel in London for the first time since 2014.

Will gas prices keep rising after Russia invasion of Ukraine? Here's what we know

Already high gas prices could surge even higher as the world braces for the conflict between Russia and Ukraine to escalate.

www.usatoday.com

So what can Biden do?

WELL FOR ONE DAMN thing... LIFT the moratorium on oil and gas exploration on Federal lands that supply 25% of our oil!
Biden signed a moratorium on exploring for oil on land that provides 25% of the nation's oil.
FACT: The White House froze new oil and gas lease sales shortly after President Biden took office.

3 things are clear about Biden's latest move on oil leasing

The Biden administration's latest moves surrounding federal oil and gas leases have come with typically muted messaging from the Interior Department and broad anxieties for industry supporters and environmentalists alike. But with tensions, and confusion, around the oil program at an all-time...

www.eenews.net

There's a world wide shortage in supply. There's no magic to increase it quickly.

 

[healthmyths]

There's a world wide shortage in supply. There's no magic to increase it quickly.

So if there is a "shortage" why did Biden shut down new exploration leases on Federal lands that already produce 25% of USA oil? Plain stupid politics.

 

[surada]

So if there is a "shortage" why did Biden shut down new exploration leases on Federal lands that already produce 25% of USA oil? Plain stupid politics.

That was temporary. The US oil producers have thousands of unused leases. They aren't investing in increased capacity. They are returning profits to shareholders. Do you think you know more than oilmen? You're probably an expert in epidemiology too.

 

[healthmyths]

That was temporary. The US oil producers have thousands of unused leases. They aren't investing in increased capacity. They are returning profits to shareholders. Do you think you know more than oilmen? You're probably an expert in epidemiology too.

Duh! Of course they have leases in areas that are more expensive to explore! But with more attractive prospects
no longer available the oil companies clearly take advantage of Biden's stupidity and have all the validation to raise
prices! Why wouldn't they raise prices? When the "government" reduces the supply opportunities the prices go up!
But dumb ass Biden and evidently people like you that ignorantly BLINDLY support Biden are totally uneducated in
the economics of "supply and demand"! Oil companies have a valid excuse, i.e. Biden reducing supply, to raise prices!

 

[surada]

Duh! Of course they have leases in areas that are more expensive to explore! But with more attractive prospects
no longer available the oil companies clearly take advantage of Biden's stupidity and have all the validation to raise
prices! Why wouldn't they raise prices? When the "government" reduces the supply opportunities the prices go up!
But dumb ass Biden and evidently people like you that ignorantly BLINDLY support Biden are totally uneducated in
the economics of "supply and demand"! Oil companies have a valid excuse, i.e. Biden reducing supply, to raise prices!

You're blabbering and don't have a clue what drives oil prices. Oil production is a business in the US. They're making money @ $ 90, but they aren't investing in more capacity. They are returning profits to shareholders.

 

[BluesLegend]

So if there is a "shortage" why did Biden shut down new exploration leases on Federal lands that already produce 25% of USA oil? Plain stupid politics.

OH SNAP! The left's hatred and attacks on US oil has come home to roost. How stupid they look now, on their knees begging the Saudi's. Their own base getting pissed at the high fuel prices. These Dem clowns are about to fold like a cheap lawn chair just as they did under Obama when gas prices spiked.

 

[surada]

OH SNAP! The left's hatred and attacks on US oil has come home to roost. How stupid they look now, on their knees begging the Saudi's. Their own base getting pissed at the high fuel prices. These Dem clowns are about to fold like a cheap lawn chair just as they did under Obama when gas prices spiked.

They didn't beg the Saudis. US oil is in good shape. Production increased 80 percent before 2016. There's a serious shortage of sand for the Permian basin shale producers... And we're still in post COVID recovery. Currently US producers are not investing in more capacity. They are returning profits to shareholders.

 

[BluesLegend]

They didn't beg the Saudis. US oil is in good shape. Production increased 80 percent before 2016. There's a serious shortage of sand for the Permian basin shale producers... And we're still in post COVID recovery. Currently US producers are not investing in more capacity. They are returning profits to shareholders.

Biden begging the Saudis to increase production wasn't Biden begging the Saudis to increase production? Oh wait

 

[BluesLegend]

But seriously, Biden is going to trade Taiwan to China in exchange for China's help in dealing with Putin. Bookmark it!

 

[surada]

Biden begging the Saudis to increase production wasn't Biden begging the Saudis to increase production? Oh wait

Papa Bush did the same thing in the 1980s. Nope. He asked them to raise the ppb by reducing production. The ppb has been over $60 for months. Demand is surging. The Saudi don't have unused capacity. They let us know 18 months ago that they are no longer our swing producer. Oil minister Nasser said they are raising production to 13 million bpd. It takes time.

 

[healthmyths]

They didn't beg the Saudis. US oil is in good shape. Production increased 80 percent before 2016. There's a serious shortage of sand for the Permian basin shale producers... And we're still in post COVID recovery. Currently US producers are not investing in more capacity. They are returning profits to shareholders.

Hey don't disagree regarding "profits" to shareholders and their excuse?? Biden has cut off the oil exploration in
Federal lands...lands that produce 25% of the nation's oil! So of course it was a perfect excuse..."well Biden shut off this source"! And that is a FACT! And why did he do it? Because it was a Trump achievement to have the first time in over 60 years the USA was energy independent! Biden couldn't have that because it was a Trump effort! FACTS folks!
Biden signed a moratorium on exploring for oil on land that provides 25% of the nation's oil.
FACT: The White House froze new oil and gas lease sales shortly after President Biden took office.

3 things are clear about Biden's latest move on oil leasing

The Biden administration's latest moves surrounding federal oil and gas leases have come with typically muted messaging from the Interior Department and broad anxieties for industry supporters and environmentalists alike. But with tensions, and confusion, around the oil program at an all-time...

www.eenews.net

 

[healthmyths]

You're blabbering and don't have a clue what drives oil prices. Oil production is a business in the US. They're making money @ $ 90, but they aren't investing in more capacity. They are returning profits to shareholders.

So why would Biden be so stupid as to cut off exploration on Federal Lands that provide 25% of nation's oil?
Certainly gave an excuse to the oil companies to raise prices!
Biden signed a moratorium on exploring for oil on land that provides 25% of the nation's oil.
FACT: The White House froze new oil and gas lease sales shortly after President Biden took office.

3 things are clear about Biden's latest move on oil leasing

The Biden administration's latest moves surrounding federal oil and gas leases have come with typically muted messaging from the Interior Department and broad anxieties for industry supporters and environmentalists alike. But with tensions, and confusion, around the oil program at an all-time...

www.eenews.net

 

[GMCGeneral]

So if there is a "shortage" why did Biden shut down new exploration leases on Federal lands that already produce 25% of USA oil? Plain stupid politics.

Because he wants to placate the environazi morons touting "green" energy.

 

[surada]

Hey don't disagree regarding "profits" to shareholders and their excuse?? Biden has cut off the oil exploration in
Federal lands...lands that produce 25% of the nation's oil! So of course it was a perfect excuse..."well Biden shut off this source"! And that is a FACT! And why did he do it? Because it was a Trump achievement to have the first time in over 60 years the USA was energy independent! Biden couldn't have that because it was a Trump effort! FACTS folks!
Biden signed a moratorium on exploring for oil on land that provides 25% of the nation's oil.
FACT: The White House froze new oil and gas lease sales shortly after President Biden took office.

3 things are clear about Biden's latest move on oil leasing

The Biden administration's latest moves surrounding federal oil and gas leases have come with typically muted messaging from the Interior Department and broad anxieties for industry supporters and environmentalists alike. But with tensions, and confusion, around the oil program at an all-time...

www.eenews.net

Trump lied. The US has never been energy independent. Never. The US oil companies have thousands of options on unused concessions on Federal lands. They always have. Oil companies don't invest in increased production unless the ppb is high. Currently there is a surge in demand world wide. No one can keep up.

 

[healthmyths]

Trump lied. The US has never been energy independent. Never. The US oil companies have thousands of options on unused concessions on Federal lands. They always have. Oil companies don't invest in increased production unless the ppb is high. Currently there is a surge in demand world wide. No one can keep up.

So as people like you are wont to do, you make a dumb subjective, personal observation with no proof!
Where are your sources LIKE I"M providing???

In 2019, when Donald Trump was president,
the U.S. did achieve energy independence, something that had not happened since 1957.

Fact Brief : Was the United States energy independent four months ago, before Joe Biden became president? | Gigafact

NO, In January 2021 the U.S. consumed more energy than it produced.A post on social media implies that since the Biden administration began in late January 2021, energy independence ended and led to gasol

repustar.com

America's booming oil industry has allowed the US to achieve a type of energy independence​

Over the 10 months ended May of 2020, the United States exported more energy than it imported: about 2.6 quadrillion British Thermal Units more, per EIA data and my seasonal adjustment.
That's equivalent to about 20.8 billion gallons of gasoline.

Forget peak oil: America's booming oil industry has allowed the US to achieve a type of energy independence

America is now exporting more energy than it imports, due to a massive shift in oil production that took place over just under two decades.

www.businessinsider.com

 

[healthmyths]

Trump lied. The US has never been energy independent. Never. The US oil companies have thousands of options on unused concessions on Federal lands. They always have. Oil companies don't invest in increased production unless the ppb is high. Currently there is a surge in demand world wide. No one can keep up.

Surada... see my first response and give me proof to the contrary!
Also your premise "oil companies have thousands of options"... please from your expert oil lease data perspective
you contention is oil company planners are "OK" with no longer able to "explore" for oil on lands that provide 25% of nation's oil? On land that exploration leases are less expensive than private land leases? Oh wait from your "expert" opinion that has no bearing! Again provide me proof that your contention i.e. "thousands of options" is A) TRUE do they actually have thousands of options and B) If true they have these options, they are cheaper than Federal leases?

 

[surada]

Surada... see my first response and give me proof to the contrary!
Also your premise "oil companies have thousands of options"... please from your expert oil lease data perspective
you contention is oil company planners are "OK" with no longer able to "explore" for oil on lands that provide 25% of nation's oil? On land that exploration leases are less expensive than private land leases? Oh wait from your "expert" opinion that has no bearing! Again provide me proof that your contention i.e. "thousands of options" is A) TRUE do they actually have thousands of options and B) If true they have these options, they are cheaper than Federal leases?

Go back to dubya and start reading about options on oil concessions on Federal lands.

 

[healthmyths]

Go back to dubya and start reading about options on oil concessions on Federal lands.

Friday, November 26, 2021
The Interior Department recommended that the Biden administration consider raising royalty rates for oil and gas drilling leasing on federal lands, a move aimed partly at addressing climate change even as the White House also grapples with high gas prices and inflation.

In an 18-page report, Interior officials said the royalty rates the government charges private drilling companies haven’t been raised for 100 years and that the current 12.5% surcharge on profits “shortchanges taxpayers.”

“The Interior Department has an obligation to responsibly manage our public lands and waters — providing a fair return to the taxpayer and mitigating worsening climate impacts — while staying steadfast in the pursuit of environmental justice,” Interior Secretary Deb Haaland said in a statement Friday.

Interior report calls on Biden to raise costs of oil and gas drilling on federal land

The Interior Department on Friday recommended that the Biden administration consider raising royalty rates for oil and gas drilling leasing on federal lands, a move aimed partly at addressing climate change even as the White House also grapples with high gas prices and inflation.

www.washingtontimes.com

And so it continues. As a result here is what has happened!
4/27/20 gallon gas $1.773 02/26/22 gal of gas $3.601 difference $1.828 or 103.1% increase!
$1.828 MORE out of pocket per gallon...
Cost to our national GDP?
Every day Americans buy an average of about 338 million gallons per day (or about 8.05 million barrels per day).

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

338,000,000 times $1.828 MORE in 2022 versus 1.83 years ago or $617,864,000 per day or $225 BILLION taken out of our GDP JUST to buy gas!

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

 

[BothWings]

Already rising gas prices are expected to climb after Russia invaded Ukraine. A senior Defense Department official told USA TODAY Russia has massed all the forces to launch a full-scale invasion of Ukraine. The attack began before dawn Thursday.
After Russian President Vladimir Putin sent troops to regions in eastern Ukraine earlier this week, President Joe Biden announced sanctions against Russia for a "flagrant violation of international law."
As of Thursday, the national average gas price in the U.S. is $3.54 a gallon, according to AAA, up from $2.65 just a year ago. And experts project gas prices could top $4.
Meanwhile, on Thursday, Brent crude oil briefly jumped above $100 a barrel in London for the first time since 2014.

Will gas prices keep rising after Russia invasion of Ukraine? Here's what we know

Already high gas prices could surge even higher as the world braces for the conflict between Russia and Ukraine to escalate.

www.usatoday.com

So what can Biden do?

WELL FOR ONE DAMN thing... LIFT the moratorium on oil and gas exploration on Federal lands that supply 25% of our oil!
Biden signed a moratorium on exploring for oil on land that provides 25% of the nation's oil.
FACT: The White House froze new oil and gas lease sales shortly after President Biden took office.

3 things are clear about Biden's latest move on oil leasing

The Biden administration's latest moves surrounding federal oil and gas leases have come with typically muted messaging from the Interior Department and broad anxieties for industry supporters and environmentalists alike. But with tensions, and confusion, around the oil program at an all-time...

www.eenews.net

Indeed it wasn't all Biden fault. He is only one of many globalist democrats and RINO's who put us in this position over time. Now they're cashing in on it. Having a complex globalist network provides a huge smokescreen for middle-man markups, especially during a "global" crisis.