If 25% of a commodity is removed, will the consumers' cost go up?

[AntonToo]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Doesn't mean much with the left's push toward electric vehicles. Demand could be decreased by twenty-five percent as well.

Right... so where does the lubricant for your electric cars come from?
I use to think ah the answer is "synthetic oil"... Right?
But then.. a little research...
"The base material, however, is still overwhelmingly crude oil that is distilled and then modified physically and chemically."

Synthetic oil - Wikipedia

en.wikipedia.org

So.... all the electric cars will still need increasingly more expensive "crude oil" to make synthetic lubricants... PLUS
hmmm... where will the power come from to charge those EVs?
Hmmm... Nuclear for sure but...
There are 53 nuclear reactors currently under construction around the world.
Only two are in the United States, once the world’s leader in nuclear energy development

Slow, Steady Progress for Two U.S. Nuclear Power Projects

Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design

spectrum.ieee.org

So it seems we'll still need more costly crude oil which will either be imported and GROSSLY expensive...just to lubricate EVs
not even mentioning all those wind turbines that use oil.
Tsk..tsk.tsk... leaking oil polluting the environment!

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil​

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil

Building and operating an offshore wind turbine requires immense amounts of oil to build, according to a Wednesday Forbes article.

dailycaller.com

View attachment 502441

Are you on drugs? Lubricating oils are a tiny percentage of oil use compared to internal combustion.

20% of electricity is from nuclear and all of the oil used to produce electricity ammounts to less than 1% of our output and is easily replaced:

 

[kaz]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

I explained this. You were busy worshipping Biden with the girls poking each other and giggling in the Democrat locker room.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

I explained the point to you AGAIN. It was Health's point, but I understood it and you didn't, so I explained it again. If you dislike his point, argue with him. I only explained it to you ... AGAIN ...

 

[BlindBoo]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Doesn't mean much with the left's push toward electric vehicles. Demand could be decreased by twenty-five percent as well.

Right... so where does the lubricant for your electric cars come from?
I use to think ah the answer is "synthetic oil"... Right?
But then.. a little research...
"The base material, however, is still overwhelmingly crude oil that is distilled and then modified physically and chemically."

Synthetic oil - Wikipedia

en.wikipedia.org

So.... all the electric cars will still need increasingly more expensive "crude oil" to make synthetic lubricants... PLUS
hmmm... where will the power come from to charge those EVs?
Hmmm... Nuclear for sure but...
There are 53 nuclear reactors currently under construction around the world.
Only two are in the United States, once the world’s leader in nuclear energy development

Slow, Steady Progress for Two U.S. Nuclear Power Projects

Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design

spectrum.ieee.org

So it seems we'll still need more costly crude oil which will either be imported and GROSSLY expensive...just to lubricate EVs
not even mentioning all those wind turbines that use oil.
Tsk..tsk.tsk... leaking oil polluting the environment!

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil​

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil

Building and operating an offshore wind turbine requires immense amounts of oil to build, according to a Wednesday Forbes article.

dailycaller.com

View attachment 502441

So what? It is the burning of the fuel that is releasing the sequestered carbon not using oil as a lubricant.

 

[Wyatt earp]

The pause for review on new leases did not cause a drop in production on federal lands.

I believe the point was that it *could* result in contraction of the domestic production possibilities curve in the future for those commodities, which is true, however given that the market isn't as simple as some apparently believe it doesn't necessarily entail corresponding price increases, for example we import crude oil, refine it and then turn around and export the refined products, contraction of the domestic crude oil PPC might involve reducing such exports to meet domestic demand.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

7% in 2020 (on a downward sloping trend line).

BlindBoob want's to keep funding terrorist supporting and oppressive governments and not develop energy domestically. He's a dick that way.

But in his defense, BlindBoob realizes that terrorist supporting and oppressive government's aren't on the earth as we are and drilling oil there and shipping it across oceans doesn't affect our environment.

Arguing with leftists is always an experience in stupid

You want cheap gasoline at any price? Then nationalize the US oil industry. We have the highest lift costs in the world. Our domestic producers have to make a profit or go out of business.

How would that help? Since the Democrats want $8 dollar gallon gas so people buy electric

 

[kaz]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Doesn't mean much with the left's push toward electric vehicles. Demand could be decreased by twenty-five percent as well.

Right... so where does the lubricant for your electric cars come from?
I use to think ah the answer is "synthetic oil"... Right?
But then.. a little research...
"The base material, however, is still overwhelmingly crude oil that is distilled and then modified physically and chemically."

Synthetic oil - Wikipedia

en.wikipedia.org

So.... all the electric cars will still need increasingly more expensive "crude oil" to make synthetic lubricants... PLUS
hmmm... where will the power come from to charge those EVs?
Hmmm... Nuclear for sure but...
There are 53 nuclear reactors currently under construction around the world.
Only two are in the United States, once the world’s leader in nuclear energy development

Slow, Steady Progress for Two U.S. Nuclear Power Projects

Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design

spectrum.ieee.org

So it seems we'll still need more costly crude oil which will either be imported and GROSSLY expensive...just to lubricate EVs
not even mentioning all those wind turbines that use oil.
Tsk..tsk.tsk... leaking oil polluting the environment!

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil​

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil

Building and operating an offshore wind turbine requires immense amounts of oil to build, according to a Wednesday Forbes article.

dailycaller.com

View attachment 502441

So what? It is the burning of the fuel that is releasing the sequestered carbon not using oil as a lubricant.

Actually, much carbon is released during the manufacturing process. Even in the Netherlands, it takes 10 years for a carbon footprint from a windmill to get to zero. The Netherlands is the BEST place for wind energy.

The carbon footprint for electric car batteries rarely exceeds the life of the batteries.

The whole global warming business is a scam

 

[kaz]

The pause for review on new leases did not cause a drop in production on federal lands.

I believe the point was that it *could* result in contraction of the domestic production possibilities curve in the future for those commodities, which is true, however given that the market isn't as simple as some apparently believe it doesn't necessarily entail corresponding price increases, for example we import crude oil, refine it and then turn around and export the refined products, contraction of the domestic crude oil PPC might involve reducing such exports to meet domestic demand.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

7% in 2020 (on a downward sloping trend line).

BlindBoob want's to keep funding terrorist supporting and oppressive governments and not develop energy domestically. He's a dick that way.

But in his defense, BlindBoob realizes that terrorist supporting and oppressive government's aren't on the earth as we are and drilling oil there and shipping it across oceans doesn't affect our environment.

Arguing with leftists is always an experience in stupid

You want cheap gasoline at any price? Then nationalize the US oil industry. We have the highest lift costs in the world. Our domestic producers have to make a profit or go out of business.

How would that help? Since the Democrats want $8 dollar gallon gas so people buy electric

And those electric cars are powers mostly by carbon fuels ....

 

[Fort Fun Indiana]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Not necessarily, no.

Thanks for asking. Did you think you could pay attention for one day in high school econ and have the oil industry all figured out? Silly boy.

 

[kaz]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Not necessarily, no.

Thanks for asking. Did you think you could pay attention for one day in high school econ and have the oil industry all figured out? Silly boy.

Yes, you're an expert in oil who knows that cutting future production doesn't affect oil prices. Thanks for bringing that expertise into the discussion.

You seem to be the one who doesn't understand high school econ, LOL

 

[NightFox]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

Doesn't really matter since it's not like oil under potential new federal land leases is just going away because the federal lease wasn't granted, the oil will still be there, and the leases will still be available for development if the market demand is there for it, in other words new leases *could* replace old ones that are taped out on a proven reserves vs. proven reserves basis (barrel for barrel) so as to maintain a constant volume of proven reserves that are actively being extracted.

My concern is allowing the Federal Government to directly manipulate potential production by withholding new leases solely for political purposes without regards to the needs of the economy THAT is dangerous since central planners invariably end up disconnecting supply and demand causing either shortages or over-supply.

 

[bendog]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

Doesn't really matter since it's not like oil under potential new federal land leases is just going away because the federal lease wasn't granted, the oil will still be there, and the leases will still be available for development if the market demand is there for it, in other words new leases *could* replace old ones that are taped out on a proven reserves vs. proven reserves basis (barrel for barrel) so as to maintain a constant volume of proven reserves that are actively being extracted.

My concern is allowing the Federal Government to directly manipulate potential production by withholding new leases solely for political purposes without regards to the needs of the economy THAT is dangerous since central planners invariably end up disconnecting supply and demand causing either shortages or over-supply.

Yeah. Elections have consequences, and Biden had to give the progressives something, and this issue WILL cost the dems in the 20 Senate and House elections. Progressives have short memories.

And yes, it's at least theoretically possible that potus would increase leasing in an effort to gain a short term energy price reduction.

 

[NightFox]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

Doesn't really matter since it's not like oil under potential new federal land leases is just going away because the federal lease wasn't granted, the oil will still be there, and the leases will still be available for development if the market demand is there for it, in other words new leases *could* replace old ones that are taped out on a proven reserves vs. proven reserves basis (barrel for barrel) so as to maintain a constant volume of proven reserves that are actively being extracted.

My concern is allowing the Federal Government to directly manipulate potential production by withholding new leases solely for political purposes without regards to the needs of the economy THAT is dangerous since central planners invariably end up disconnecting supply and demand causing either shortages or over-supply.

Yeah. Elections have consequences, and Biden had to give the progressives something, and this issue WILL cost the dems in the 20 Senate and House elections. Progressives have short memories.

And yes, it's at least theoretically possible that potus would increase leasing in an effort to gain a short term energy price reduction.

Doubtful that it will cost Biden anything since the pause has been blocked by a federal court and I suspect that ruling would be upheld by SCOTUS if challenged. Thus he can blame it on courts to mollify the left.

should be interesting to see how it plays out.

 

[BlindBoo]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Doesn't mean much with the left's push toward electric vehicles. Demand could be decreased by twenty-five percent as well.

Right... so where does the lubricant for your electric cars come from?
I use to think ah the answer is "synthetic oil"... Right?
But then.. a little research...
"The base material, however, is still overwhelmingly crude oil that is distilled and then modified physically and chemically."

Synthetic oil - Wikipedia

en.wikipedia.org

So.... all the electric cars will still need increasingly more expensive "crude oil" to make synthetic lubricants... PLUS
hmmm... where will the power come from to charge those EVs?
Hmmm... Nuclear for sure but...
There are 53 nuclear reactors currently under construction around the world.
Only two are in the United States, once the world’s leader in nuclear energy development

Slow, Steady Progress for Two U.S. Nuclear Power Projects

Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design

spectrum.ieee.org

So it seems we'll still need more costly crude oil which will either be imported and GROSSLY expensive...just to lubricate EVs
not even mentioning all those wind turbines that use oil.
Tsk..tsk.tsk... leaking oil polluting the environment!

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil​

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil

Building and operating an offshore wind turbine requires immense amounts of oil to build, according to a Wednesday Forbes article.

dailycaller.com

View attachment 502441

So what? It is the burning of the fuel that is releasing the sequestered carbon not using oil as a lubricant.

Actually, much carbon is released during the manufacturing process. Even in the Netherlands, it takes 10 years for a carbon footprint from a windmill to get to zero. The Netherlands is the BEST place for wind energy.

The carbon footprint for electric car batteries rarely exceeds the life of the batteries.

The whole global warming business is a scam

"More specifically, they figure that wind turbines average just 11 grams of CO2 emission per kilowatthour of electricity generated. That compares with 44 g/kwh for solar, 450 g for natural gas, and a whopping 1,000 g for coal.

But beating them all is the original large-scale zero-carbon power source, nuclear power, at 9 g/kwh.

Thanks to technology, these stats aren’t static. Offshore wind turbines are becoming enormous, with General Electric’s GE -2.9% Haliade X featuring blades 360 feet long and generating 14 megawatts. The carbon footprint of such monsters could get as low as 6 g/kwh. "

How Green Is Wind Power, Really? A New Report Tallies Up The Carbon Cost Of Renewables

Building and erecting wind turbines requires hundreds of tons of materials — steel, concrete, fiberglass, copper, and more exotic stuff like neodymium and dysprosium used in permanent magnets.

www.forbes.com

 

[kaz]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

Doesn't really matter since it's not like oil under potential new federal land leases is just going away because the federal lease wasn't granted, the oil will still be there, and the leases will still be available for development if the market demand is there for it, in other words new leases *could* replace old ones that are taped out on a proven reserves vs. proven reserves basis (barrel for barrel) so as to maintain a constant volume of proven reserves that are actively being extracted.

My concern is allowing the Federal Government to directly manipulate potential production by withholding new leases solely for political purposes without regards to the needs of the economy THAT is dangerous since central planners invariably end up disconnecting supply and demand causing either shortages or over-supply.

There would be no reason for Biden to externally create a "pause" other than for politics. Right? Why would he have to pause if no one is asking for it?

 

[kaz]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

Doesn't really matter since it's not like oil under potential new federal land leases is just going away because the federal lease wasn't granted, the oil will still be there, and the leases will still be available for development if the market demand is there for it, in other words new leases *could* replace old ones that are taped out on a proven reserves vs. proven reserves basis (barrel for barrel) so as to maintain a constant volume of proven reserves that are actively being extracted.

My concern is allowing the Federal Government to directly manipulate potential production by withholding new leases solely for political purposes without regards to the needs of the economy THAT is dangerous since central planners invariably end up disconnecting supply and demand causing either shortages or over-supply.

Yeah. Elections have consequences, and Biden had to give the progressives something, and this issue WILL cost the dems in the 20 Senate and House elections. Progressives have short memories.

And yes, it's at least theoretically possible that potus would increase leasing in an effort to gain a short term energy price reduction.

Yes, Biden had to give the progressives something. So we are sending money to despotic dictators to drill oil there and put it in boats and sail it across the ocean for the environment because we aren't on the same earth as despotic dictators or the oceans they have to sail it across so it's good for the environment!

And to lunatic leftists, sending money out of the country is so much better than keeping it here because racism somehow

 

[NightFox]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

The freeze has no impact upon how much natl gas is being produced. In fact we produce MORE natl gas now than in Nov of 2020.

U.S. Dry Natural Gas Production (Million Cubic Feet)

Whether we return to pre-pandemic production .... we'll see.

Personally I'd rather not see any pause. I agree that there may be future cost increases, but there aren't now. And the best guess is that the increase in 21 will still leave elec prices lower than pre-pandemic.

STEO

The thread is a case of premature ejaculation.

Leases do not last forever. They slowly produce less and eventually stop producing. So yes, if you freeze leases, then as Health correctly said EVENTUALLY they will run dry. Biden would never end the "temporary" pause.

Doesn't really matter since it's not like oil under potential new federal land leases is just going away because the federal lease wasn't granted, the oil will still be there, and the leases will still be available for development if the market demand is there for it, in other words new leases *could* replace old ones that are taped out on a proven reserves vs. proven reserves basis (barrel for barrel) so as to maintain a constant volume of proven reserves that are actively being extracted.

My concern is allowing the Federal Government to directly manipulate potential production by withholding new leases solely for political purposes without regards to the needs of the economy THAT is dangerous since central planners invariably end up disconnecting supply and demand causing either shortages or over-supply.

There would be no reason for Biden to externally create a "pause" other than for politics. Right? Why would he have to pause if no one is asking for it?

The dingbats on the left in his own party are asking for it, so yes it’s all politics. I suspect Biden is happy that is has been blocked in Federal court since if that remains in place he gets the political benefit without the economic consequences.

 

[Rye Catcher]

The pause for review on new leases did not cause a drop in production on federal lands.

I believe the point was that it *could* result in contraction of the domestic production possibilities curve in the future for those commodities, which is true, however given that the market isn't as simple as some apparently believe it doesn't necessarily entail corresponding price increases, for example we import crude oil, refine it and then turn around and export the refined products, contraction of the domestic crude oil PPC might involve reducing such exports to meet domestic demand.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

7% in 2020 (on a downward sloping trend line).

BlindBoob want's to keep funding terrorist supporting and oppressive governments and not develop energy domestically. He's a dick that way.

But in his defense, BlindBoob realizes that terrorist supporting and oppressive government's aren't on the earth as we are and drilling oil there and shipping it across oceans doesn't affect our environment.

Arguing with leftists is always an experience in stupid

You want cheap gasoline at any price? Then nationalize the US oil industry. We have the highest lift costs in the world. Our domestic producers have to make a profit or go out of business.

Well said, too bad those naysayers won't respond to this logical post.

 

[kaz]

Question... If 25% of a commodity is reduced and eventually eliminated, will that increase the costs to the consumers of that commodity?

FACT:
About a quarter (25%) of U.S. oil and an eighth of the nation's natural gas is produced on federal lands.
Supporting link: U.S. oil and natural gas production to fall in 2021, then rise in 2022 - Today in Energy - U.S. Energy Information Administration (EIA)

FACT:
If 25% of oil and gas on Federal lands is eliminated from the supply will the cost go up to gasoline consumers?

PROOF!!!

As gas prices soar, Americans can blame Joe Biden​

Biden's attack on U.S. energy producers, starting with his freeze on federal oil and gas leases, will assuredly take a toll on output down the road and cause prices at the pump to rise.
But today, Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices.
Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets alread

As gas prices soar, Americans can blame Joe Biden

Doesn't mean much with the left's push toward electric vehicles. Demand could be decreased by twenty-five percent as well.

Right... so where does the lubricant for your electric cars come from?
I use to think ah the answer is "synthetic oil"... Right?
But then.. a little research...
"The base material, however, is still overwhelmingly crude oil that is distilled and then modified physically and chemically."

Synthetic oil - Wikipedia

en.wikipedia.org

So.... all the electric cars will still need increasingly more expensive "crude oil" to make synthetic lubricants... PLUS
hmmm... where will the power come from to charge those EVs?
Hmmm... Nuclear for sure but...
There are 53 nuclear reactors currently under construction around the world.
Only two are in the United States, once the world’s leader in nuclear energy development

Slow, Steady Progress for Two U.S. Nuclear Power Projects

Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design

spectrum.ieee.org

So it seems we'll still need more costly crude oil which will either be imported and GROSSLY expensive...just to lubricate EVs
not even mentioning all those wind turbines that use oil.
Tsk..tsk.tsk... leaking oil polluting the environment!

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil​

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil

Building and operating an offshore wind turbine requires immense amounts of oil to build, according to a Wednesday Forbes article.

dailycaller.com

View attachment 502441

So what? It is the burning of the fuel that is releasing the sequestered carbon not using oil as a lubricant.

Actually, much carbon is released during the manufacturing process. Even in the Netherlands, it takes 10 years for a carbon footprint from a windmill to get to zero. The Netherlands is the BEST place for wind energy.

The carbon footprint for electric car batteries rarely exceeds the life of the batteries.

The whole global warming business is a scam

"More specifically, they figure that wind turbines average just 11 grams of CO2 emission per kilowatthour of electricity generated. That compares with 44 g/kwh for solar, 450 g for natural gas, and a whopping 1,000 g for coal.

But beating them all is the original large-scale zero-carbon power source, nuclear power, at 9 g/kwh.

Thanks to technology, these stats aren’t static. Offshore wind turbines are becoming enormous, with General Electric’s GE -2.9% Haliade X featuring blades 360 feet long and generating 14 megawatts. The carbon footprint of such monsters could get as low as 6 g/kwh. "

How Green Is Wind Power, Really? A New Report Tallies Up The Carbon Cost Of Renewables

Building and erecting wind turbines requires hundreds of tons of materials — steel, concrete, fiberglass, copper, and more exotic stuff like neodymium and dysprosium used in permanent magnets.

www.forbes.com

I wasn't talking about the cost of operating the windmill after it's built, I was talking about the carbon footprint of building it.

You didn't know it takes carbon to build a windmill? Seriously?

And I said "during the manufacturing process," moron. READ what you are responding to

 

[Dragonlady]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

It was the drilling permits that would have endangered production much sooner. But that ended months ago. It's was always doubtful that Joe would be able to abolish oil production on federal lands through his pause on lease sales.

So Joe's not responsible because he should have knows the courts would stop them. So you only support Joe TRYING to fund despotic governments and drill and drill and ship oil from overseas because you think that doesn't affect our environment.

A standard you applied to Trump ... never ...

Or in your native language, slap, slap, giggle, giggle.

And a history of ridiculous discussions on this board this Hass to be the dumbest thread ever and you’re posting to it as if it had a meaning.

Joe Biden has done nothing to affect oil production in the United States and you’re running screaming the sky is falling the sky is falling.

You didn’t even mention the ice and the price of oil when it pretty much doubled after Trump took office.

Complaining about cuts in oil production that haven’t even happened as if they’re imminent. I guess there’s nothing real to complain about you have to make shit up.

 

[kaz]

The pause for review on new leases did not cause a drop in production on federal lands.

I believe the point was that it *could* result in contraction of the domestic production possibilities curve in the future for those commodities, which is true, however given that the market isn't as simple as some apparently believe it doesn't necessarily entail corresponding price increases, for example we import crude oil, refine it and then turn around and export the refined products, contraction of the domestic crude oil PPC might involve reducing such exports to meet domestic demand.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

7% in 2020 (on a downward sloping trend line).

BlindBoob want's to keep funding terrorist supporting and oppressive governments and not develop energy domestically. He's a dick that way.

But in his defense, BlindBoob realizes that terrorist supporting and oppressive government's aren't on the earth as we are and drilling oil there and shipping it across oceans doesn't affect our environment.

Arguing with leftists is always an experience in stupid

You want cheap gasoline at any price? Then nationalize the US oil industry. We have the highest lift costs in the world. Our domestic producers have to make a profit or go out of business.

Well said, too bad those naysayers won't respond to this logical post.

Another of the girls in the Democrat locker room poking and giggling each other.

So it makes sense to buy energy from despots and ship it across oceans rather than keeping the money and jobs here. That made sense to you. Rock on, girlfriend! Poke, poke, giggle, giggle ...

 

[kaz]

The pause for review on new leases did not cause a drop in production on federal lands.

Saudi Arabia accounts for less than 10 % of our petroleum imports.

You and the girls in the Democrat locker room are just poking each other away and giggling like crazy.

The point is that when they suspend new leases, that means the 25% is frozen and as Heath said will "eventually" be eliminated. I'm not like you, I actually read his OP.

And we both know Biden would never have approved the end of the "pause" in leases. Stop lying

It was the drilling permits that would have endangered production much sooner. But that ended months ago. It's was always doubtful that Joe would be able to abolish oil production on federal lands through his pause on lease sales.

So Joe's not responsible because he should have knows the courts would stop them. So you only support Joe TRYING to fund despotic governments and drill and drill and ship oil from overseas because you think that doesn't affect our environment.

A standard you applied to Trump ... never ...

Or in your native language, slap, slap, giggle, giggle.

And a history of ridiculous discussions on this board this Hass to be the dumbest thread ever and you’re posting to it as if it had a meaning.

Joe Biden has done nothing to affect oil production in the United States and you’re running screaming the sky is falling the sky is falling.

You didn’t even mention the ice and the price of oil when it pretty much doubled after Trump took office.

Complaining about cuts in oil production that haven’t even happened as if they’re imminent. I guess there’s nothing real to complain about you have to make shit up.

You're just babbling nonsense, George the site's Chinese disinformation officer. I know that's your job, still ...