WE all know this the oil company's aren't drilling so they can control the price of oil. It is called anti Trust. Fuck them and anyone stupid enough to support them doing this.You know that is one of the BIGGEST MYTHS generated by the biased MSM!
FACT from the people that DRILL!!!
There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed.
But a variety of factors are keeping that work from getting started.
While more than 9,000 approved permits to drill on federal lands aren’t producing oil and gas,
that doesn’t mean companies could start drilling right now in all of those locations.
Regulatory processes, court decisions and oil prices all play a role in when drilling can actually begin.
At the end of 2021, there were 9,173 approved applications for drilling permits on federal and tribal lands,
according to the Bureau of Land Management (BLM).
2,200 leases are in COURTS which forbids development!
According to the IPAA, some of these leases are going through a “complex regulatory process or are held up in litigation.” Western Energy Alliance, which represents hundreds of companies involved in the exploration and production of oil and natural gas, says on its website that it is defending more than 2,200 leases in court, most of which cannot be developed while the cases are ongoing.
“Federal leases…are subject to environmental studies. They're also subject to lawsuits filed by neighbors, by municipalities, by counties and state governments. And so it's become a more arduous process,” he said.
ANOTHER FACT!!!
some companies wait to begin drilling until oil prices are high enough to make it worth their while.
Another FACT!!!
Due the Covid-19 pandemic, some are facing a six-month waiting period for piping materials needed to drill and are still short-staffed after layoffs spurred by the pandemic-induced drop in demand for oil, Pett said.
All of the above are what the EXPERTS described as reasons the number 9,173 approved leases DOES NOT mean the leases are available for drilling!
FACTS folks so much so that I do not want to read another stupid comment made by people that don't deal in facts statements like.. "Biden had 7000 oil leases up for anyone who wanted them, no takers .
Biden administration restricts oil and gas leasing in 13 million acres of Alaska’s petroleum reserve
ALL of the above while the dummy continues to withdraw from the Strategic Petroleum Reserve!
Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve
The American Petroleum Institute says the rules limit development in a region "intended by Congress to bolster America's energy security."www.pbs.org
The sales in 2022 sank the SPR to the lowest level in about 40 years.
Biden Likely to Tap Oil Reserve for Summer Demand, Macquarie Says
- Analyst says government will need SPR to meet gasoline demand
- Pump prices up 17%, supplies tight heading into driving season
Bloomberg - Are you a robot?
www.bloomberg.com
FACTS are hard to argue with so why are you so stupid to repeat what the biased MSM reports!
stupidity lies and hate. that the three driving forces that is MAGA.
What does Keystone have to do with ANWR, Q-NUT?
You're FOS, Q-NUT, as usual.
Assume what you will because "knowing nothing" is your sole saving grace.
www.bls.gov
www.epi.org
You think you know and trust people whose sole connection is a FAKE ID on the internet?
Wow, I'm starting to connect the dots here.
Manufacturing has shed employment over the past 40 years as the U.S. economy has shifted to service-providing industries. In June 1979, manufacturing employment reached an all-time peak of 19.6 million. In June 2019, employment was at 12.8 million, down 6.7 million or 35 percent from the all-time peak. Since 1979, employment fell during each of five recessions, and in each case, employment never fully recovered to pre recession levels.
Forty years of falling manufacturing employment
Despite being a leading driver of employment growth for decades, manufacturing has shed employment over the past 40 years as the U.S. economy has shifted to service-providing industries. This article looks at the broad employment trends in manufacturing over the past 40 years, as well as the...
CEO pay has skyrocketed 1,322% since 1978CEOs were paid 351 times as much as a typical worker in 2020
CEO pay has skyrocketed 1,322% since 1978: CEOs were paid 351 times as much as a typical worker in 2020
What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2020, a CEO at one of the top 350...
And in that exact same time, unions went from representing 35% of our work force to today, under 12%.
No coincidences here fellas.
What are the numbers?
The top 350 U.S. company CEO's were paid an average of $24.2 million in 2020, with benefits and stock options. From 1978 to 2019, typical worker's compensation grew just 18 percent, while CEO compensation grew by 1,322 percent during the same period.
My point still stands. Now what Todd?
And you prove to me that the other 150 in the top 500 grew less than 1000%. Do you even know what the numbers are?
The majority of America’s lowest-paid workers (66 percent) are employed by large corporations with more than 100 employees, often in retail and food service sectors.
Of the top 50 employers of low-wage workers in 2012, the average executive received $9.4 million in compensation. The top 350 U.S. company CEO’s were paid an average of $24.2 million in 2020, with benefits and stock options. From 1978 to 2019, typical worker’s compensation grew just 18 percent, while CEO compensation grew by 1,322 percent during the same period. The average CEO-to-worker pay ratio for publicly traded companies in 2020 was 299-to-one. At 58 companies, the CEO-worker pay gap was more than 1,000-to-one. Despite increased productivity and profits, more than 6.3 million working adults and their families live in poverty (with millions more just barely above the poverty line) and are more likely to experience food insecurity, depression, and poor health outcomes.
Over the past five years, lawmakers across the U.S. have begun to address these challenges and restore lost revenue through enacting fines and taxes on businesses with large disparities between highest and lowest paid employees.
What was your intention behind defending CEO's when I showed you that their pay went up 1322% and in that same time our pay only went up 18%?
