How a President can affect gas prices

Knowing some of you many not be aware of the BLM intricate rules and regulations:
This is what Biden put a moratorium on... the Exploration!

GEOPHYSICAL EXPLORATION​

Regulations that govern Geophysical (Seismic) activity on BLM-administered public lands can be found at 43 CFR 3150.

Notice of Intent and Authorization to Conduct Oil and Gas Geophysical Exploration Operations
Parties wishing to conduct oil and gas geophysical exploration on public lands must submit a completed Notice of Intent and Authorization to Conduct Oil and Gas Geophysical Exploration Operations (Form 3150-4, October 2018) to the Field Manager of the appropriate BLM administrative office for approval.

OPERATIONS AND PRODUCTION​

Notice of Completion of Oil and Gas Geophysical Exploration Operations
Parties completing oil and gas geophysical exploration on public lands must file a Notice of Completion of Oil and Gas Geophysical Exploration Operations (Form 3150-5 , October 2018).
The BLM cannot approve an APD until the operator meets the requirements of certain laws and regulations, including the National Environmental Policy Act (NEPA), the National Historic Preservation Act, and the Endangered Species Act. Upon receiving an APD, BLM typically conducts an onsite inspection with surface and/or mineral estate owners, resource specialists, the operator, and when applicable, other Surface Management Agencies (or SMAs, such as states, tribal representatives, or other Federal agencies like the USDA Forest Service). After completing these inspections, the BLM, together with any other relevant SMAs, conducts a NEPA analysis, and then approves, approves with modifications, denies, or defers action on the application. Deferred action or denials can occur because the operator fails to provide all the necessary information or due to severe resource concerns. The BLM and other SMAs may add Conditions of Approval to the APD to protect site-specific resources. An approved APD is valid for two years or until the lease expires, whichever occurs first, but the BLM may grant a two-year extension to allow the operator more time to drill.
 
I don't think he can!

He can....the left are liars.

High fuel prices are a direct result of Biden policies.

Some communists on here said they like the high gas prices to push hydroelectric powered AIRCRAFT or some stupid shit like that.

You lefties need to get your lies straight.
 
Knowing some of you many not be aware of the BLM intricate rules and regulations:
This is what Biden put a moratorium on... the Exploration!

GEOPHYSICAL EXPLORATION​

Regulations that govern Geophysical (Seismic) activity on BLM-administered public lands can be found at 43 CFR 3150.

Notice of Intent and Authorization to Conduct Oil and Gas Geophysical Exploration Operations
Parties wishing to conduct oil and gas geophysical exploration on public lands must submit a completed Notice of Intent and Authorization to Conduct Oil and Gas Geophysical Exploration Operations (Form 3150-4, October 2018) to the Field Manager of the appropriate BLM administrative office for approval.

OPERATIONS AND PRODUCTION​

Notice of Completion of Oil and Gas Geophysical Exploration Operations
Parties completing oil and gas geophysical exploration on public lands must file a Notice of Completion of Oil and Gas Geophysical Exploration Operations (Form 3150-5 , October 2018).
The BLM cannot approve an APD until the operator meets the requirements of certain laws and regulations, including the National Environmental Policy Act (NEPA), the National Historic Preservation Act, and the Endangered Species Act. Upon receiving an APD, BLM typically conducts an onsite inspection with surface and/or mineral estate owners, resource specialists, the operator, and when applicable, other Surface Management Agencies (or SMAs, such as states, tribal representatives, or other Federal agencies like the USDA Forest Service). After completing these inspections, the BLM, together with any other relevant SMAs, conducts a NEPA analysis, and then approves, approves with modifications, denies, or defers action on the application. Deferred action or denials can occur because the operator fails to provide all the necessary information or due to severe resource concerns. The BLM and other SMAs may add Conditions of Approval to the APD to protect site-specific resources. An approved APD is valid for two years or until the lease expires, whichever occurs first, but the BLM may grant a two-year extension to allow the operator more time to drill.
Yet many leases have been signed and they can explore all they want.

 
Now for the reality of the FLB postponing SALES!!!
Go through the 2 page list of current applications and see how many were sold in 2020 VS "sale pending" 2021!
Thanks to Biden!

 
He can....the left are liars.

High fuel prices are a direct result of Biden policies.

Some communists on here said they like the high gas prices to push hydroelectric powered AIRCRAFT or some stupid shit like that.

You lefties need to get your lies straight.
You have yet to prove your suspicions.
 
How many oil leases do oil companies have that are not being used?


Oil and gas companies are sitting on a huge cache of undeveloped federal leases: Nearly 14 million out of more than 26 million acres leased to oil companies onshore are not in use, and more than 9 million out of a total 12 million offshore acres leased are not producing, according to the Interior Department.Jan 27, 2021

Biden's Pause of New Federal Oil and Gas Leases May Not Reduce ...​

 

The Oil Industry's Public Lands Stockpile​

Oil and gas companies are sitting on millions of acres of idle leases that they've acquired through a rigged system | February 2021

 
Nope.. but that's the price of cheap oil.. These clots don't realize that oil production is not an altruistic pastime .. Its a business and their profit margins have remained the same for decades.
What do you mean their profit margins have remained the same for years… where are you getting that data from? Can you share please?
 
Oil is a commodity, and as such, it tends to see larger fluctuations in price than more stable investments, such as stocks and bonds. There are several influences on oil prices, a few of which we will outline below.


KEY TAKEAWAYS​

  • Oil prices are influenced by a variety of factors, particularly the decisions about output made by producers like the Organization of Petroleum Exporting Countries (OPEC), independent petro-states like Russia, and private oil-producing firms like ExxonMobil.
  • Like any product, the laws of supply and demand influence prices.
  • Natural disasters that could potentially disrupt production, and political unrest in oil-producing countries all impact pricing.
  • Production costs influence prices, along with storage capacity.
  • Although less impactful, the direction of interest rates can also influence the price of commodities.
 

How Falling Oil Prices in Early 2020 Weakened the U.S. Economy​

Lutz Kilian, Michael D. Plante and Xiaoqing Zhou

May 19, 2020
The benchmark West Texas Intermediate (WTI) price of oil dropped by more than half from Jan. 21 to April 3. There is a long tradition of economists arguing that lower oil prices, all else equal, are good for the United States economy. Thus, one might have expected this dramatic price cut to have been a much-needed piece of welcome news.

Indeed, President Trump tweeted that the oil price drop “is good for the consumer” on March 9. The Wall Street Journal echoed this sentiment, calling low oil prices “a gift to U.S. consumers” on April 2. This view would have seemed reasonable just a few years ago, but it is no longer accurate today.

Instead, we will show that on balance this oil price decline has weakened rather than strengthened the U.S. economy, making this event different from past episodes of falling oil prices.
 
What do you mean their profit margins have remained the same for years… where are you getting that data from? Can you share please?
Many years ago hear many times that the oil companies have about a 10 per cent profit margin. So no matter how easy or hard or how much that is paid for a barrel of oil in any way we see the prices above the total costs. Every way we inhibit the way of oil from the source to the consumer, costs us. OPEC is an artificial price gouging entity. And we are affected by it unless we affect them. And Trump did.
 
Did Trump fill the strategic oil reserves? No..


Trump announced his intention to fill the U.S. Strategic Petroleum Reserve “to the top” on March 13 as global oil prices went into freefall amid the coronavirus outbreak as governments issued stay-at-home orders that have obliterated fuel demand.Apr 23, 2020

Drowning in crude, U.S. drillers say Trump strategic reserve ...

You have a hard time blaming Biden for what is occurring. He changed the rules upon his first day in office. He may do it again with another pipeline closure. Inflation and artificially high energy prices is not good with people who struggle and make those who are close to that struggle. Prog are not for the little guy. Special interest unions and paying off certain groups within groups who are struggling or live a certain way is the way Progs operate.
 
You have a hard time blaming Biden for what is occurring. He changed the rules upon his first day in office. He may do it again with another pipeline closure. Inflation and artificially high energy prices is not good with people who struggle and make those who are close to that struggle. Prog are not for the little guy. Special interest unions and paying off certain groups within groups who are struggling or live a certain way is the way Progs operate.
I have proved that what Biden did according to you is not what happened, where is yer proof that he did what you say? Show us how many leases have been granted during Biden.

Your "progs" usage is very laughable.
 
Many years ago hear many times that the oil companies have about a 10 per cent profit margin. So no matter how easy or hard or how much that is paid for a barrel of oil in any way we see the prices above the total costs. Every way we inhibit the way of oil from the source to the consumer, costs us. OPEC is an artificial price gouging entity. And we are affected by it unless we affect them. And Trump did.
The issue isn’t the profit margin it’s the OPEC pricing based on whatever the pull out of their buttholes. I think that’s the technical term
 
The problem is those using the oil aren't the ones running up the prices. Hedge Funds are. I noted this before. The average barrel trades 7-8 times before ever reaching an end user. Only those planning on actually using the oil should be able to bid on the oil.
 
I have proved that what Biden did according to you is not what happened, where is yer proof that he did what you say? Show us how many leases have been granted during Biden.

Your "progs" usage is very laughable.
The pipeline from Canada was a deterrent to OPEC. The fields opened up by Trump on our continental shelf was a bullet in the chamber if OPEC started their shit again. We now use trains carrying the oil from Canada where a rich person who own the tracks is getting richer carrying less oil and causing the increase in prices. I only believe in what I see. I do not trust the oil companies either. When prices drop, it is slow to see it. When prices rise, the gas pumps see it quite fast. We have seen this game all to often by politicians and their blunders. Giving free reign with doing their best to keep the environment clean either during or after should be pursued. But there are corrupted people in the way. How about making our fiat currency that way. Get rid of the corrupted middlemen who own the central banks and fiat currencies and make the currency available to all with low interest rates and interest payments. However that would mean the people taking out the loans would have to be responsible and made to pay back what is owed.
 

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