How Biden is keeping his guarantee...."I guarantee We Are Going To Get Rid of Fossil Fuels”

[healthmyths]

Damn but you are all over the place. Can you not at least be consistent. Oil production on federal lands declined under Obama, well hell, that must have been Bush Jr's fault. Right here, in the very damn thread, you want to claim that the increase in production on those same federal lands under Biden is because of Trump, you even post a link about a four year lack time. And any increase during the Trump administration must have been due to the actions of Obama, at least in his last four years.

If you can't dazzle them with brilliance, baffle them with bullshit. That is all the hell you do. You claim you post links, and you do. Problem is, you are inconsistent and have no understanding of the links you do post. Like the bit about not drilling in Alaska. Your linked article doesn't even contain the word "Biden", and barely mentions environmental restrictions. It seems the reluctance to drill in Alaska is more a function of higher transportation costs, higher production costs, and higher state taxes. In the final days of the Trump administration the government put up a bunch of oil leases in ANWAR up for auction. Damn near no one showed up and the net proceeds were ten cents on the dollar of what was anticipated.

I mean have some damn common sense. You really think oil companies want to drill in the Arctic circle when they have other opportunities where it is WARMER, where there is an actual functioning road system all year long. What the hell does it cost to ship everything from drilling equipment to the toilet paper in the bathroom at the rig? Not to mention labor costs. I mean damn, you would have to pay me about twice as much to work in the freezing cold in an area with no entertainment, no bars, and damn near NO WOMEN. Nope, I am working off-shore in the Gulf where I can blow off some steam on Bourbon Street, enjoy some good food, and where there is plenty of WOMEN. Damn spending my down time eating Vienna sausages and peanut butter along with some stale ass beer with my fellow stinking rig workers with temperatures way south of ZERO.

You are a partisan idiot, and your posts here are not worth the bandwidth you consume. Not only do you don't know jackshit about the oil industry, or the energy industry in general, you don't know jackshit about business, period. Here is the deal, and I know it don't mean anything. But I run a seven million dollar a year business. My in laws own more than a dozen oil wells in Texas, and I got to tell you, during the Trump administration, and especially after Covid, those royalty checks dropped to damn near nothing. Now, they are rolling in the dough, it is sick how much money they pull out of their mailbox damn near everyday. And the comical part, they made out like bandits during the Obama administration as well. Matter of fact, that is when it all started. My oldest son works for the number one energy research company in the country, if not the world. He has traveled to four continents, runs energy symposiums around the world, and collaborates with professors from Oxford and MIT. He, like several of my children, initially supported Trump. Today, they all agree with my initial assessment, Trump is a dumbass, and Biden is kicking damn ass and taking names.

I could spend a lot of time tearing apart ALL YOUR assumptions because YOU provided NO facts.
Now For facts:
A) I don't like Trump personally. He is a braggart, he is idiosyncratic and from Queens NY and I can bet you have no idea what that means. And again,
I personally don't like Trump! But see that's one of several differenced between you and me!
You have to like the President personally and I like millions like me like Trump because he gets things done! I guess from your above you've never had
bosses like I've had in my 60 years of working that I personally dislike (assholes like Trump) but a few of them I really respected because they were
EXECUTIVES that EXECUTED...LIKE TRUMP.
B) So now for some facts about Trump that because really ignorant and provincial people like you evidently can't see (like a junior high student) the personality of Trump and YOU unlike me KNOW what the term "you talk the talk... but you don't walk the talk"! Trump is a talker. NO QUESTION.
But here are some FACTS that truly uninformed people like you haven't been told by the BIASED MSM where you seem to get most of your information:
1) First of all here are the FACTS and again you won't read them because it's just too much information that YOU have to research...but you're too lazy!
Proof of the biased MSM that ABC,CBS/NBC alone donated $2.6 billion in free advertising for Democrats calling it "NEWS"! But you never knew that!
"What they found was, over the summer, the broadcast networks have continued to pound Donald Trump and his team with the most hostile coverage of a president in TV news history — 92% negative, vs. just 8% positive from July 29 through October 20"

Broadcast networks deliver 92% negative coverage for Trump, 66% positive for Biden: Study

The country’s major broadcast news media outlets have never been more negatively biased against a sitting president than Donald Trump, a conservative media watchdog has concluded in its latest study, which found President Trump receives negatively-slanted coverage 92% of the time in network news...

www.washingtontimes.com

See below 2 articles again you won't believe them because frankly you are just too juvenile,.i.e. you say "Trump is a dumbass"..

2)Tell me Dunceston... how much property do you own? is it equal to this: $4.5 Billion??? If Trump is a "dumbass" and I guess you have at least 1% as much what does that make YOU??

 

[healthmyths]

About what? you twist......

Hey... since 3/31/2020 I've tracked Covid from this web site: https://www.worldometers.info/coronavirus/
But one number that the above didn't cover I had to find and it is this.. As of 7/14/23 out of 74 million kids under Age 18 in the USA 1,847 kids have died.
0.00251%... Think about it. Schools were closed, etc. and the other fact was a word "comorbidity". Very was very seldom used but...
The overwhelming number of deaths, over 75%, occurred in people who had at least four comorbidities."

Fact Check-CDC study found that over 75% of COVID-19 deaths in vaccinated people were among those with at least 4 comorbidities

In an interview clip on ABC’s Good Morning America, the Director of the Centers for Disease Prevention and Control (CDC) Rochelle Walensky referred to a recent study that found over 75% of COVID-19 deaths in fully vaccinated people had occurred among those with at least...

www.reuters.com

 

[Moonglow]

About what? you twist......

Not if I have a pipe.

 

[surada]

I could spend a lot of time tearing apart ALL YOUR assumptions because YOU provided NO facts.
Now For facts:
A) I don't like Trump personally. He is a braggart, he is idiosyncratic and from Queens NY and I can bet you have no idea what that means. And again,
I personally don't like Trump! But see that's one of several differenced between you and me!
You have to like the President personally and I like millions like me like Trump because he gets things done! I guess from your above you've never had
bosses like I've had in my 60 years of working that I personally dislike (assholes like Trump) but a few of them I really respected because they were
EXECUTIVES that EXECUTED...LIKE TRUMP.
B) So now for some facts about Trump that because really ignorant and provincial people like you evidently can't see (like a junior high student) the personality of Trump and YOU unlike me KNOW what the term "you talk the talk... but you don't walk the talk"! Trump is a talker. NO QUESTION.
But here are some FACTS that truly uninformed people like you haven't been told by the BIASED MSM where you seem to get most of your information:
1) First of all here are the FACTS and again you won't read them because it's just too much information that YOU have to research...but you're too lazy!
Proof of the biased MSM that ABC,CBS/NBC alone donated $2.6 billion in free advertising for Democrats calling it "NEWS"! But you never knew that!
"What they found was, over the summer, the broadcast networks have continued to pound Donald Trump and his team with the most hostile coverage of a president in TV news history — 92% negative, vs. just 8% positive from July 29 through October 20"

Broadcast networks deliver 92% negative coverage for Trump, 66% positive for Biden: Study

The country’s major broadcast news media outlets have never been more negatively biased against a sitting president than Donald Trump, a conservative media watchdog has concluded in its latest study, which found President Trump receives negatively-slanted coverage 92% of the time in network news...

www.washingtontimes.com

See below 2 articles again you won't believe them because frankly you are just too juvenile,.i.e. you say "Trump is a dumbass"..

2)Tell me Dunceston... how much property do you own? is it equal to this: $4.5 Billion??? If Trump is a "dumbass" and I guess you have at least 1% as much what does that make YOU??



View attachment 804584
View attachment 804585

Nobody wants to drill on federal lands.. too much paperwork. Rig count during the Obama administration was higher than it had been in 44 years. That's why production doubled.

 

[healthmyths]

Nobody wants to drill on federal lands.. too much paperwork. Rig count during the Obama administration was higher than it had been in 44 years. That's why production doubled.

Obama also said that we have a "record number of oil rigs operating right now." That’s true if Obama starts the clock in 1987, but it’s possible that 1981 may have been the record. Again, we can’t say for sure, because record-keeping is incomplete.
He’s right that that the United States is in the midst of a strong effort to increase domestic energy production, but we found evidence that undercuts the literal accuracy of his claims. So we rate this statement Half True.

PolitiFact - Obama says the U.S. has a “record number of oil rigs" and "more working oil and gas rigs than the rest of the world”

President Barack Obama came to the University of Miami to talk about energy, and with Republicans attacking him over a r

www.politifact.com

 

[g5000]

Biden said.. "I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM


For those of you that falsely claim Biden is NOT out to destroy the oil industry... until 2050.....
Read this:

• U.S. Energy Secretary Jennifer Granholm said this week it may take years for the government to replenish its Strategic Petroleum Reserve (SPR).
• It's a reversal of plans the government announced last year to repurchase oil it sold from the reserve at lower prices.
• Current global economic concerns and geopolitical conditions, however, present challenges in assessing the market impact of the decision.

The Biden Administration, in an attempt to hold down oil and gasoline prices, sold 180 million barrels from the reserve last year for an average of $96.25 per barrel.
Nevertheless, the Energy Department appears to be maintaining the SPR at its lowest level since 1984.
The reserve currently contains 372 million barrels—almost half as much as its all-time high of 727 million barrels in 2010.

US to Take Years to Refill Its Strategic Petroleum Reserve

The U.S. has announced it may not soon replenish the oil it sold from its Strategic Petroleum Reserve last year, but assessing the market impact is somewhat difficult.

www.investopedia.com

WHY doesn't Biden want the SPR to be re-filled? Is this part of his plan to "rid fossil fuels"?

OR as one expert says...And refilling the SPR would certainly raise oil prices, in the same way emptying it lowered them.

Biden Is Squandering the Trade of the Century

Here’s the climate case for the Department of Energy buying millions of barrels of oil.

heatmap.news

So curious minds want to know...
how many of these well funded 20 companies indirectly owned by Joe are involve as Hunter was in the oil industry will benefit from higher prices?
The Biden family and its business associates created a complicated web of more than 20 companies, according to bank records obtained by the House Oversight Committee — a system, GOP lawmakers say, that was meant to conceal money received from foreign nationals.
Sixteen of the companies were limited liability companies formed during Joe Biden’s tenure as vice president, the committee said in a press conference on Wednesday. The Biden family, their business associates, and their companies received more than $10 million from foreign nationals’ and their related companies, the records show.

Bidens Used Web of Shell Companies to Conceal Foreign Cash, Bank Records Obtained by House GOP Reveal | National Review

Sixteen of the Biden-linked companies were formed during Biden’s tenure as vice president.

www.nationalreview.com

You poor pathetic dipshit.

Every month or so, you try to make a case that Biden is killing fossil fuels, and every month or so I have to kick you in the balls for lying once again.

US oil production is right now as high as it was at any time during Trump.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

And then there is this: Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s


Stop being such a willfully lying c*unt!

 

[healthmyths]

You poor pathetic dipshit.

Every month or so, you try to make a case that Biden is killing fossil fuels, and every month or so I have to kick you in the balls for lying once again.

US oil production is right now as high as it was at any time during Trump.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

And then there is this: Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s


Stop being such a willfully lying c*unt!

FACTS not guesses....
Federal data show the Biden administration approved 6,430 permits for oil and gas drilling on public lands in its first two years, outpacing the Trump administration’s 6,172 drilling-permit approvals in its first two years.

Some one is LYING and it is the group that wrote the above!
https://biologicaldiversity.org/w/news/press-releases/biden-administration-oil-gas-drilling-approvals-outpace-trumps-2023-01-24/
As the below data is from the BLM as for 2022!
https://www.blm.gov/programs-energy-and-minerals-oil-and-gas-oil-and-gas-statistics
According to the below BLM statistics Biden Administration has approved in the first 2 years just 520 leases... Trump 4,975.

Oh and as far as Biden destroying the fossil fuel industry... Here is what the experts think of it!

Yes, Biden Is To Blame For The Energy Crisis. Here’s Why. | MacIver Institute

www.maciverinstitute.com

 

[healthmyths]

You poor pathetic dipshit.

Every month or so, you try to make a case that Biden is killing fossil fuels, and every month or so I have to kick you in the balls for lying once again.

US oil production is right now as high as it was at any time during Trump.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

And then there is this: Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s


Stop being such a willfully lying c*unt!

You put the cart before the horse to get a results you wanted. In this case you have to have leases signed before permits are granted.
What you showed with this:"Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s"

"Once the leases are in hand,
the company must secure the necessary permits before it can proceed with drilling a well. Depending on the location, there can be local, state, tribal, and federal government agencies involved in the permitting process.
Stage 2: Leasing & Permitting - RESOLVE

Nothing happens though unless LEASES on federal land are signed and it was misleading to say…
"Federal data show the Biden administration approved 6,430 permits for oil and gas drilling on public lands in its first two years, outpacing the Trump administration’s 6,172 drilling-permit approvals in its first two years.”
Of course Biden had MORE opportunities to develop PERMITS because Trump was MORE ACTIVE in signing LEASES which are required.
Look at the chart again and see that in this case Trump signed nearly 4 times more leases, 2,235 first 2 years versus Biden’s first 2 years 527 leases.
Without the federal leases the permits mean NOTHING! You can't get a permit without a lease on Federal lands.

 

[Winston]

I could spend a lot of time tearing apart ALL YOUR assumptions because YOU provided NO facts.
Now For facts:
A) I don't like Trump personally. He is a braggart, he is idiosyncratic and from Queens NY and I can bet you have no idea what that means. And again,
I personally don't like Trump! But see that's one of several differenced between you and me!
You have to like the President personally and I like millions like me like Trump because he gets things done! I guess from your above you've never had
bosses like I've had in my 60 years of working that I personally dislike (assholes like Trump) but a few of them I really respected because they were
EXECUTIVES that EXECUTED...LIKE TRUMP.
B) So now for some facts about Trump that because really ignorant and provincial people like you evidently can't see (like a junior high student) the personality of Trump and YOU unlike me KNOW what the term "you talk the talk... but you don't walk the talk"! Trump is a talker. NO QUESTION.
But here are some FACTS that truly uninformed people like you haven't been told by the BIASED MSM where you seem to get most of your information:
1) First of all here are the FACTS and again you won't read them because it's just too much information that YOU have to research...but you're too lazy!
Proof of the biased MSM that ABC,CBS/NBC alone donated $2.6 billion in free advertising for Democrats calling it "NEWS"! But you never knew that!
"What they found was, over the summer, the broadcast networks have continued to pound Donald Trump and his team with the most hostile coverage of a president in TV news history — 92% negative, vs. just 8% positive from July 29 through October 20"

Broadcast networks deliver 92% negative coverage for Trump, 66% positive for Biden: Study

The country’s major broadcast news media outlets have never been more negatively biased against a sitting president than Donald Trump, a conservative media watchdog has concluded in its latest study, which found President Trump receives negatively-slanted coverage 92% of the time in network news...

www.washingtontimes.com

See below 2 articles again you won't believe them because frankly you are just too juvenile,.i.e. you say "Trump is a dumbass"..

2)Tell me Dunceston... how much property do you own? is it equal to this: $4.5 Billion??? If Trump is a "dumbass" and I guess you have at least 1% as much what does that make YOU??



View attachment 804584
View attachment 804585

You know, I look at this post and go, WTF? The Washington Times? LMAO. And yes, Trump has had negative coverage from the press for being a dumbass. Well holy shit, just maybe, HE IS A DUMBASS. I mean did that ever enter you tiny little mind?

But the big one. You want to claim that because what Trump owns, well somehow, he is smart. I mean damn, Trump was born on third base and now he is in a pickle between first and second. How the hell does that happen? I mean that is helluva stupid. Six bankruptcies, that has got to be some kind of damn record. He is a flippin moron, period. You ask what I own, and I will tell you, a hell of a lot more than what I started with. By design I might add. Trump, on the other hand, would have been better off just placing all the money he inherited in a damn index fund and spent his time chasing porn stars. He is a piss poor businessman, I mean he absolutely SUCKS. He has a giant ego and a tiny pecker. Quite honestly, a recipe for disaster,.

 

[Winston]

You put the cart before the horse to get a results you wanted. In this case you have to have leases signed before permits are granted.
What you showed with this:"Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s"

"Once the leases are in hand,
the company must secure the necessary permits before it can proceed with drilling a well. Depending on the location, there can be local, state, tribal, and federal government agencies involved in the permitting process.
Stage 2: Leasing & Permitting - RESOLVE

Nothing happens though unless LEASES on federal land are signed and it was misleading to say…
"Federal data show the Biden administration approved 6,430 permits for oil and gas drilling on public lands in its first two years, outpacing the Trump administration’s 6,172 drilling-permit approvals in its first two years.”
Of course Biden had MORE opportunities to develop PERMITS because Trump was MORE ACTIVE in signing LEASES which are required.
Look at the chart again and see that in this case Trump signed nearly 4 times more leases, 2,235 first 2 years versus Biden’s first 2 years 527 leases.
Without the federal leases the permits mean NOTHING! You can't get a permit without a lease on Federal lands.

View attachment 804725

Find a different hobby, I suggest cross stich, because you absolutely suck at this.

 

[healthmyths]

Find a different hobby, I suggest cross stich, because you absolutely suck at this.

Well at least I did a little research and found that YOU have to have a signed LEASE you dummy before you can have a permit Idiot!
And I did more research than you and found that Trump signed MORE leases
If Obama signed 332 fewer leases in 2016 or 520, based on success rate ONLY 1 out of 3 find oil.
On on Obama's watch, only 156 leases produced oil... 4 years later!!!
Now Trump signed 1,333 leases in 2019 and using the same rate 1/3 successful
that means MORE oil coming from more wells... 1/3 of 1,333 leases or nearly 2.5 Times more oil coming from leases Trump signed... but under Biden!

 

[healthmyths]

Find a different hobby, I suggest cross stich, because you absolutely suck at this.

I suggest you learn how to pay attention to details! See the little red dotted line under your misspelled word? It is this attention to little details that
stupid people like you cause pain for the us adults! Dumb ass like you believing Biden's "rid fossil fuels" means over $900 Trillion because of little details
oh like NOT enough electric generating plants for another half a trillion kWh that EV cars/trucks will require in 2032! But again these are the minor
details that idiots like you depend on people like me for direction!

your lack of attention to details dummy!

 

[Winston]

Well at least I did a little research and found that YOU have to have a signed LEASE you dummy before you can have a permit Idiot!
And I did more research than you and found that Trump signed MORE leases
If Obama signed 332 fewer leases in 2016 or 520, based on success rate ONLY 1 out of 3 find oil.
On on Obama's watch, only 156 leases produced oil... 4 years later!!!
Now Trump signed 1,333 leases in 2019 and using the same rate 1/3 successful
that means MORE oil coming from more wells... 1/3 of 1,333 leases or nearly 2.5 Times more oil coming from leases Trump signed... but under Biden!
View attachment 804884

You are a glutton for punishment aren't you. Pay attention to details? How about attempting to intuitively understand the material you are looking at. LIke this from you,

Well at least I did a little research and found that YOU have to have a signed LEASE you dummy before you can have a permit Idiot
Well obviously, what is important is the permit. The lease is a damn place holder, nothing more. The lease sure as hell doesn't translate into production, you even admit as much when you use the one out of three figure for Obama and than transfer that to Trump without even bothering to document why that would be the case. Hell, I doubt Trump's signed leases resulted in one out of ten being "successful", and successful is the wrong adjective. No lease is going to result in oil production, until a permit is issued. It is a two step process. You buy the lease, you get the permit, you drill for oil, and then, just maybe, you get lucky and start producing.

See, you would intuitively know this shit if you actually owned land where oil was being produced. First, you get a little bit of money by selling the "lease". It ain't much, because of the risk involved. The oil company still has to get a permit to drill, even on private land, from the state. When they get the permit, well you get a nice little check. And then, if they strike oil, well the royalty checks start rolling in, monthly for every single well.

So the permit is what is important, not the lease.

Biden granted more oil and gas drilling permits than Trump in his first 2 years in office

Data from the Bureau of Land Management shows that President Biden approved more oil and gas drilling permits in his first two years in office than former President Donald Trump.

news.yahoo.com

BAM, drops mike to the floor.

So here you have your stupid ass, bitching and moaning about leases. Meanwhile the Biden administration is kicking ass and taking names and issuing permits at a much higher rate that the fatass orange man. Honestly, nothing to do with Biden or Trump. Who wants to invest in the permitting process when oil is being given away, when oil futures are NEGATIVE. Now, that ain't the case.

I mean I don't know where you are getting your information. I can't really backtrace that table you are posting. But here is the thing, if there is one lie in that information all the information is suspect. Your table claims federal lands account for 25% of domestic oil production. That is overstated by a factor of at least TWO. Offshore, it amounts to about 15%, on land, it is less than ten, and you can pull your head out of your ass and google it to check me.

My in-laws own more than two dozen oil wells in Texas. That is today's count, that number has doubled since Biden took office. It seems like every couple of months they get that nice "permit check", and the royalties just keep on growing. Times were pretty lean during the Trump administration. No new permits were issued, production from existing wells fell significantly because the demand was not there. Personally, I refuse to take any of their damn oil money. But I got to be honest, I am about sick and tired of my wife, traveling all over the world, eating at the finest restaurants several times a week, and finding packages on the front porch damn near every day.

 

[Freedomisneverfree]

Biden is DONE! Liberals don't want him anymore and Kameltoe is a liability for the sad sack of Liberals...

 

[Winston]

I suggest you learn how to pay attention to details! See the little red dotted line under your misspelled word? It is this attention to little details that
stupid people like you cause pain for the us adults! Dumb ass like you believing Biden's "rid fossil fuels" means over $900 Trillion because of little details
oh like NOT enough electric generating plants for another half a trillion kWh that EV cars/trucks will require in 2032! But again these are the minor
details that idiots like you depend on people like me for direction!
View attachment 804890 your lack of attention to details dummy!
View attachment 804891

Your spellcheck must be as dumb as you are, cross stich doesn't show up as a misspelling for me.

cross stich - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

www.bing.com

 

[Freedomisneverfree]

Most Democrats Don’t Want Biden in 2024, New Poll Shows​

With the country gripped by a pervasive sense of pessimism, the president is hemorrhaging support.
President Biden is facing an alarming level of doubt from inside his own party, with 64 percent of Democratic voters saying they would prefer a new standard-bearer in the 2024 presidential campaign, according to a New York Times/Siena College poll, as voters nationwide have soured on his leadership, giving him a meager 33 percent job-approval rating.
Widespread concerns about the economy and inflation have helped turn the national mood decidedly dark, both on Mr. Biden and the trajectory of the nation. More than three-quarters of registered voters see the United States moving in the wrong direction, a pervasive sense of pessimism that spans every corner of the country, every age range and racial group, cities, suburbs and rural areas, as well as both political parties.
Only 13 percent of American voters said the nation was on the right track — the lowest point in Times polling since the depths of the financial crisis more than a decade ago.

Most Democrats Don’t Want Biden in 2024, New Poll Shows (Published 2022)

With the country gripped by a pervasive sense of pessimism, the president is hemorrhaging support.

www.nytimes.com

 

[healthmyths]

You poor pathetic dipshit.

Every month or so, you try to make a case that Biden is killing fossil fuels, and every month or so I have to kick you in the balls for lying once again.

US oil production is right now as high as it was at any time during Trump.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

And then there is this: Biden Administration Oil, Gas Drilling Approvals Outpace Trump’s


Stop being such a willfully lying c*unt!

I have NEVER said Biden was killing fossil fuels! When did I ever say that?
What I have constantly said that YOU constantly ignore is because Biden GUARANTEES to kill fossil fuels, the fossil fuel companies do what any the CEO of Chevron said...""You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, ‘We don’t want these products.’”

US May Never Build New Refinery Even With Surging Gas Prices, Chevron CEO Says

Green policy push means billion-dollar investments may be stranded in coming decades

www.bloomberg.com

So guess what any business person would do... raise the prices while they can!
Plus maybe you should tell these people Biden's guarantee is worth shit...
FACT: The 60 largest commercial and investment banks have collectively financed $3.8 trillion in fossil fuel companies between 2016 and 2020, the five years since the Paris Agreement was signed, according to a report published in March from a collection of climate organizations titled Banking on Climate Chaos 2021.
“Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces,” says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management.

These are the world's largest banks that are increasing and decreasing their fossil fuel financing

The largest banks have collectively financed $3.8 trillion in fossil fuel companies since the Paris Agreement, according to the Banking on Climate Chaos report.

www.cnbc.com

NOW idiots like you have NO idea what this means, but why can't you just read and comprehend reality?
Read how oil companies having problems raising money so.... dummies like you !!! They raise prices! Do you understand???
"Increasing questions around the future of oil demand are making it harder for oil companies to secure financing from banks and other large investors for drilling projects."
"Oil companies are having a harder time finding finance as questions about climate and future oil demand increase. ." Increasing questions around the future of oil demand are making it harder and harder for oil companies to secure financing from banks and other large investors for drilling projects. As governments move to reduce greenhouse gas emissions through the expansion of electric vehicles, some financial institutions are becoming wary about investing in oil projects that take years to develop when demand could be substantially lower once production begins. As a result, the cost of securing capital through loans and selling stock is expected to double for oil companies in the years ahead, making projects more expensive and less desirable to investors, said Jim Burkhard, head of oil markets research at S&P Global. The investment threshold for investing in new oil is higher today, he said. much greater uncertainty about the future of oil demand. You have all these markets saying we don't want your oil at some point in the future. Driving the trend are asset management firms and investments banks less inclined to put money into an industry that has not only struggled financially since the oil price crash of 2014 but is also in conflict with internal mandates to reduce the carbon footprints of the companies in which they invest. On HoustonChronicle.com: Predicting oil demand amid climate change? Good luck That comes even as oil companies 2019 stock prices have improved dramatically over the past 12 months, with a resurgent global economy and the war in Ukraine driving up crude prices. For instance, shares of Exxon Mobil, the Houston-based oil giant, have increased 65 percent over the last 12 months. But investment banks remain reluctant to issue long-term debt to oil companies, a trend that began even before the loss of demand that came with the COVID-19 pandemic, said Dean Foreman, chief economist at the trade group American Petroleum Institute. Some banks will not lend into the sector, he said. 2019 fair to say the availability of capital continues to be one of our key issues. The Bank Policy Institute, a trade group, did not respond to a request for comment. Banks such as JP Morgan and Goldman Sachs have come under increasing pressure from investors to prove the sustainability of their investment portfolio, a trend known as environmental, social, governance investing. Earlier this year, Bank of America announced that it would reduce the carbon intensity of its energy investments between 29 and 42 percent, depending on whether they're counting the full range of a company's emissions through products like gasoline or just their operations and supply chains. Pitching financial institutions on putting money into oil and gas drilling projects has become an uphill battle, said Judd Walker, CEO of EnerVest, a privately held company in Houston. While energy forecasts might show healthy oil demand for years to come, it does little to assuage analysis that even if there is money to be made now climate change will force down oil demand in the long term.

Oil companies struggle to secure financing, as banks feel climate pressure

Increasing questions around the future of oil demand are making it harder for oil companies to secure financing from banks and other large investors for drilling projects.

www.houstonchronicle.com

 

[g5000]

NOW idiots like you have NO idea what this means, but why can't you just read and comprehend reality?

 

[healthmyths]

Your spellcheck must be as dumb as you are, cross stich doesn't show up as a misspelling for me.

cross stich - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

www.bing.com

A) when you stupidly spell a word this is what happens when I enter cross stitch my computer is evidently smarter than yours!
This is what happened when I misspelled

do you understand? my smarter computer points out the spelling error
(like you did... and correctly spells it according to Oxford languages... "stitch"! NOT "STICH"!!!!
B) So I wanted to make sure and geez the internet brings up the correct spelling which is stitch!!!
Dummies like you really make my contributions even easier... you don't even check to see how wrong you were! But hey keep making so many stupid mistakes it just proves how DUMB you people are! NO WHERE is the word "STICH"! Geez how stupid!

 

[Winston]

A) when you stupidly spell a word this is what happens when I enter cross stitch my computer is evidently smarter than yours!
This is what happened when I misspelled View attachment 805158 do you understand? my smarter computer points out the spelling error
(like you did... and correctly spells it according to Oxford languages... "stitch"! NOT "STICH"!!!!
B) So I wanted to make sure and geez the internet brings up the correct spelling which is stitch!!!
Dummies like you really make my contributions even easier... you don't even check to see how wrong you were! But hey keep making so many stupid mistakes it just proves how DUMB you people are! NO WHERE is the word "STICH"! Geez how stupid!
View attachment 805163
View attachment 805160
View attachment 805156

Got it, so you want to focus on stich verses stitch instead of leases verses permits. Pretty easy to see who is winning this argument and it ain't you.