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

You have the opportunity to invest in a drilling rig on public land, but only one. And the thing is, the rig is already up and running, producing 50 barrels of oil per day. You have three options.

1. Federal lands in North Dakota.
2. State lands in Texas
3. State lands in California.

Which one do you pick?
 
And yet more oil was produced on federal lands and waterways in 2022 than in 2020. You guys are flippin comical. The new 18.75% rate is still a bargain. Drill on state owned land in Texas and your ass is going to pay 25%, and hell, that is Texas.
You are energy illiterate. They don't pump gasoline out of the ground moron. Biden and asshole Democrats are driving up the cost of gas at every point in the process from pumping to delivery to the gas stations. Assholes!
 
You are energy illiterate. They don't pump gasoline out of the ground moron. Biden and asshole Democrats are driving up the cost of gas at every point in the process from pumping to delivery to the gas stations. Assholes!
Do you get royalty checks from oil wells? If not, then STFU. I have forgotten more about "energy" than you will ever know.
 
More oil was produced on federal lands in 2022 than in 2020. But hell, don't let facts get in the way of your tirade.

So based on THESE FACTS:::
According to the Government Accountability Office, on average,
it takes more than four years for companies to begin producing on the federal lands they lease..
Hmmm.. so if it takes say 4 years from the time the land is leased to the time it produces:....hmmm..
That would be 4 years ago when these leases in 2022 were produced on federal lands is...wait.... 2018... and who was president???
Now look at the below... what was Obama's last year in signing

NOW let's see how much production will happen on Federal land say in 2025?

FedOil_leasesbyPresj031323.png

And yet more oil was produced on federal lands and waterways in 2022 than in 2020. You guys are flippin comical. The new 18.75% rate is still a bargain. Drill on state owned land in Texas and your ass is going to pay 25%, and hell, that is Texas.
 
Maybe waiting for prices to drop even further, as they most likely will, while opening up more production for private companies on Federal lands in Alaska? It may take a while. I doubt the industry as any intention of have a glut on the market as there was before the Covid crash, which resulted in historic profits for the industry, profits at lower costs to them, they would like to see extended into the foreseeable future.
All Biden has to do is open federal lands to pump oil. The price of oil would plummet overnight.
 
All Biden has to do is open federal lands to pump oil. The price of oil would plummet overnight.
Takes time and like I said, he did. You do actually know that of the number of rigs the industry shut down during Covid, a bunch were not started back up, right? That was the industry, not Joe.
 
Dude! Your article is January of 2021. Try to keep up! Don't you read the industry information on rig counts, production levels, production forecasts, or keep up with the historic graphs of Bent Crude, or do you just listen to the scuttlebutt in your sewing circle. You got a computer. It ain't just for porn and the USMB. I don't know if you are an environmental nut or a trump, but he screw you. I'm an independent and was involved in business. I never for one second thought he was doing anything but lying when that stuff about ending fossil fuels came out back during the campaign. Biggest new project greenlighted by the government in years, production has risen from 9.7 million barrels in February of 2021 to 12.4 Million Barrels in June of 2023. Does that sound like he is ending it? Eh, NO. That simple. I figure he wanted the environmental vote and got, as Trump was wanting to rip out the National Arctic Wildlife Refuge for drilling, even though it was known there was global glut on the market at the time and Oil was selling as low a $20.30/barrel. Oil that cheap is bad for the industry even if great for consumers. At that price, why pay to drill a hole in the ground? Oil rig count has gone from a low of 176 in August of 2020 under DJT to 287 when Biden came into office to a high of 627 in Dec of 2022 and now jostling around 540. If you think he fkd the Republicans by not killing oil, how would you like to be an environmentalist that bought into that crap and gave him your vote on a promise not possible to keep as there is simply too damned much money to be made in the oil industry.:auiqs.jpg:
 
Dude! Your article is January of 2021. Try to keep up! Don't you read the industry information on rig counts, production levels, production forecasts, or keep up with the historic graphs of Bent Crude, or do you just listen to the scuttlebutt in your sewing circle. You got a computer. It ain't just for porn and the USMB. I don't know if you are an environmental nut or a trump, but he screw you. I'm an independent and was involved in business. I never for one second thought he was doing anything but lying when that stuff about ending fossil fuels came out back during the campaign. Biggest new project greenlighted by the government in years, production has risen from 9.7 million barrels in February of 2021 to 12.4 Million Barrels in June of 2023. Does that sound like he is ending it? Eh, NO. That simple. I figure he wanted the environmental vote and got, as Trump was wanting to rip out the National Arctic Wildlife Refuge for drilling, even though it was known there was global glut on the market at the time and Oil was selling as low a $20.30/barrel. Oil that cheap is bad for the industry even if great for consumers. At that price, why pay to drill a hole in the ground? Oil rig count has gone from a low of 176 in August of 2020 under DJT to 287 when Biden came into office to a high of 627 in Dec of 2022 and now jostling around 540. If you think he fkd the Republicans by not killing oil, how would you like to be an environmentalist that bought into that crap and gave him your vote on a promise not possible to keep as there is simply too damned much money to be made in the oil industry.:auiqs.jpg:
If the potential for supply is squelched at the base, the rest of it is window dressing. The price went up immediately upon the Biden oil-stifling proclamation and has not come back down since because that has not changed. Your minutia is rationalizing.
 
Dude! Your article is January of 2021. Try to keep up! Don't you read the industry information on rig counts, production levels, production forecasts, or keep up with the historic graphs of Bent Crude, or do you just listen to the scuttlebutt in your sewing circle. You got a computer. It ain't just for porn and the USMB. I don't know if you are an environmental nut or a trump, but he screw you. I'm an independent and was involved in business. I never for one second thought he was doing anything but lying when that stuff about ending fossil fuels came out back during the campaign. Biggest new project greenlighted by the government in years, production has risen from 9.7 million barrels in February of 2021 to 12.4 Million Barrels in June of 2023. Does that sound like he is ending it? Eh, NO. That simple. I figure he wanted the environmental vote and got, as Trump was wanting to rip out the National Arctic Wildlife Refuge for drilling, even though it was known there was global glut on the market at the time and Oil was selling as low a $20.30/barrel. Oil that cheap is bad for the industry even if great for consumers. At that price, why pay to drill a hole in the ground? Oil rig count has gone from a low of 176 in August of 2020 under DJT to 287 when Biden came into office to a high of 627 in Dec of 2022 and now jostling around 540. If you think he fkd the Republicans by not killing oil, how would you like to be an environmentalist that bought into that crap and gave him your vote on a promise not possible to keep as there is simply too damned much money to be made in the oil industry.:auiqs.jpg:
According to the Government Accountability Office, on average, it takes more than four years for companies to begin producing on the federal lands they lease..
Does that sound right?
So take a look at the attached chart. Comes from the government.
So... Obama continued to sign fewer leases... Trump nearly tripled Federal leases in 2019 over Obama's in 2016 his last year AND nearly 16 times over Biden!
So.. with your oil experience and the above, i.e. takes about 4 years from lease signing to production, Trump's signing 1,333 leases in 2018 would be in production about 2022 but Biden falsely takes the credit!
Pres.signoilleases071023.png
 
If the potential for supply is squelched at the base, the rest of it is window dressing. The price went up immediately upon the Biden oil-stifling proclamation and has not come back down since because that has not changed. Your minutia is rationalizing.
High was $123.58 in June of last year, and been going down since. It closed at $80.11 on July 10, 2023.
Look, I get it. You have been told this by people you trust, so you believe it. Fk a bunch of numbers and graphs. That stuff is for geeks, academics and those Wall Street types. I get it. I'm just saying these number actually are pretty easy to understand, and they obtainable for free online from the oil industry as well as the government (which I know you do not trust and I am not asking you to, hell, I don't) but it is easy to get a glimpse and my experience with business numbers, is they usually don't lie. Suit yourself though.
 
High was $123.58 in June of last year, and been going down since. It closed at $80.11 on July 10, 2023.
Look, I get it. You have been told this by people you trust, so you believe it. Fk a bunch of numbers and graphs. That stuff is for geeks, academics and those Wall Street types. I get it. I'm just saying these number actually are pretty easy to understand, and they obtainable for free online from the oil industry as well as the government (which I know you do not trust and I am not asking you to, hell, I don't) but it is easy to get a glimpse and my experience with business numbers, is they usually don't lie. Suit yourself though.
That high mark was a temporary from the Russian boycott. The current rate is a result of democrat extraction policy and has been up there since this faux president drove them there. A rerun of Obama’s orders in Jan 2009.
 
Biden said.. "I guarantee We Are Going To Get Rid of Fossil Fuels”
Gee, could it be, that another pressed-suit career politician LIED and the idiots believed him? Again?

WHY doesn't Biden want the SPR to be re-filled? Is this part of his plan to "rid fossil fuels"?
Probably because far more than just fuel are made from oil and a shortage could cripple the US economy.

The Biden family created a complicated web of more than 20 companies, sixteen of the companies were formed during Joe Biden’s tenure as vice president
At least now we know what Joe was up to all those years as VP when we never saw him. :smoke:
 
All Biden has to do is open federal lands to pump oil. The price of oil would plummet overnight.

Teabaggers thought ANWR was the magic bullet.

Arctic refuge lease sale goes bust, as major oil companies ...

1689325455021.png
Alaska Public Media
https://alaskapublic.org › News › Top Stories
Jan 6, 2021 — The lease sale raised a total of $14.4 million in bids, according to the Bureau of Land Management, the federal agency that held the sale.

One of the Trump administration’s biggest energy initiatives suffered a stunning setback Wednesday, as a decades-long push to drill for oil in Alaska’s Arctic National Wildlife Refuge ended with a lease sale that attracted just three bidders — one of which was the state of Alaska itself.

Alaska’s state-owned economic development corporation was the only bidder on nine of the tracts offered for lease in the northernmost swath of the refuge, known as the coastal plain. Two small companies also each picked up a single parcel.

Half of the offered leases drew no bids at all.

“They held the lease in ANWR — that is history-making. That will be recorded in the history books and people will talk about it,” said Larry Persily, a longtime observer of the oil and gas industry in Alaska. “But no one showed up.”
 
The damage from Joe is done. Inflation is a persecution for tens of millions of Americans more than before Joe. People who rent are suffering massively as the prices rise for them to have a place to live in. Progs keep sugar coating. Joe is the anti american. Like an anti christ. Progs told us they knew better. Still do. Like nothing is wrong.
 

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