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

[healthmyths]

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

 

[Mac-7]

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

What say you Mac1958 ?

 

[danielpalos]

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.

 

[ColonelAngus]

ITS TRUMPS FAULT!

 

[NightFox]

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

Depends on what happens with respect to demand, if supply is reduced and demand remains constant then the market equilibrium price will rise, if however there is a corresponding decrease in demand it won’t. Of course you’re assuming that supply of oil & natural gas is solely dictated by domestic production which it isn’t given that for those commodities the market is global (I.e foreign producers can step up output to make up for decreased U.S. production).

 

[BlindBoo]

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.

 

[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

 

[NightFox]

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).

 

[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

 

[Dragonlady]

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

What a bunch of hooey. Freezing oil and gas leases is on public lands has no effect on production whatsoever. They did the same thing under the Obama administration in production went up.

They’re not giving out new leases because there’s nothing left to lease. Any lands had any possibility of production have already been tapped.

Your article seems to be claiming that Biden intends to shut down the existing production on federal lands and there’s no indication that he does. The question of what happens if the 25% of oil and gas that is produced on federal lands is shut down is moot.

Joe Biden is one of the people who is responsible for the United States of America reach achieving energy independence. It is ridiculous for the right wing media to now clean that Joe is out to destroy that energy independence.

 

[surada]

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

The ppb had to go up because the oil business is a BUSINESS... and because the US has the highest lift costs in the world.

 

[surada]

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.

 

[BlindBoo]

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.

 

[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

What a bunch of hooey. Freezing oil and gas leases is on public lands has no effect on production whatsoever. They did the same thing under the Obama administration in production went up.

They’re not giving out new leases because there’s nothing left to lease. Any lands had any possibility of production have already been tapped.

Your article seems to be claiming that Biden intends to shut down the existing production on federal lands and there’s no indication that he does. The question of what happens if the 25% of oil and gas that is produced on federal lands is shut down is moot.

Joe Biden is one of the people who is responsible for the United States of America reach achieving energy independence. It is ridiculous for the right wing media to now clean that Joe is out to destroy that energy independence.

Hi George, the site's Chinese disinformation officer.

Just so you know, wells don't last forever. So yes, freezing leases may take time to cut production, but since reserve aren't infinite, yes, they will reduce and eventually end production.

You really are qualified to spread Chinese disinformation, you know nothing about everything!

 

[Turtlesoup]

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.

All the illegals flooding over---------up goes demand raising costs more.

BUT hey, eventually Biden will blow up the economy so when the jobs go so will the demand for oil.

Or the opposite, if Biden being so weak encourages another war up will go.

 

[Dragonlady]

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 evelop 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

The only exercise you seem to get is jumping to conclusions. Of course that’s the only way you can twist the facts to bend your distorted view of things.

One of the most effective ways to lower prices on oil is to reduce the need for it, making it more abundant and therefore cheaper.

Nowhere in any of your articles does it mention the fact that the OPEC cut production at the beginning of January 2020, because prices were so low. They intended to drive up the price of oil, but the pandemic further reduced demand and prices stayed low.

Now that the world is getting moving again, demand is increasing and prices are rising. Instead of blaming OPEC, of course the right wing media blames Biden.

And you gullible fools fall for this bullshit every single time.

 

[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.

 

[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.

You're a liar. I say gas is cheap as shit now and always have been.

You suck at mind reading. I mean you're really bad. Go fuck yourself.

This didn't even address my points either. Read my post, fuck wad. My argument wasn't for "cheap gas." What was my argument, do you even know? I mean it was three lines. What the fuck is wrong with you? You couldn't read that?

 

[BlindBoo]

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).

It could if it became permanent. I just don't see that happening. Never did.

 

[surada]

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.

You don't know anything about the oil business. You want to put domestic producers out of business?