Is Biden at fault for the worse inflation rate in 40 years?

FACT. Venezuela also exported less than what they did during the pandemic.


Venezuelan state-owned PDVSA and its foreign joint venture partners recorded average crude oil production of 560,000 b/d in 2021, according to an internal report reviewed by S&P Global Platts.

The average year was slightly below 2020 when production averaged 570,000 b/d and the 2019 record when production was 1.01 million b/d, according to the OPEC Annual Statistical Bulletin. Also, the 2021 results were far from the target of PDVSA's recovery plan.
 
FACT. Biden approved more public land leases for drilling oil than Trump did.



New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.
 
FACT: Starting from almost the same amount of US oil production upon taking office, Biden increased US oil production by 31 percent in his first year while Trump only increased production by 21 percent.

FACT: Saudi Arabia is exporting less oil today than during the pandemic.

FACT: Venezuela is exporting less oil today than during the pandemic.

FACT: Oil companies are deliberately slow walking their production in order to keep profits as high as possible.

FACT: Joe Biden has approved far more public land leases for oil drilling than Trump did.

But, you know, Fox Fake News knows the rubes are too stupid to find this out for themselves and they will parrot "Because Biden!" because it feels good to be wrong, and reading is hard!
 
Maybe you can explain why oil production increased 31 percent in Biden's first year but only 21 percent during Trump's first year, when they both started at the same amount of production when they took office.

Why does Trump hate America?
So the minute, the very first minute Biden became president oil production increased 31%? Immediately?
NO... it didn't did it.
Now the dummies at PolitiFact - Oil production in Biden’s first year on par with Trump wrote:
  • Oil production in the U.S. in President Joe Biden’s first year was on par with 2020 and higher than in two of the four years Trump was president.
TOTAL ignorant and unsubstantiated statement!

To show you how totally ignorant you and Politifact.com "experts" are... how long does it take to
get a Federal land oil exploration lease into production?
The timeline from lease to production can vary from four to 10 years depending on water depth at the lease location, the drilling depth needed to reach the target reservoir, the distance from shore and from infrastructure, the geological characteristics of the reservoir and complexity of production facilities design.
four to 10 years four to 10 years four to 10 years
So did you or Politifact look up that FACT? 4 to 10 years!!! From the time a lease is signed to production!
NOW how many leases did Trump authorize compared to Obama?
FACT!!! Trump signed over 2 1/2 times the number of leases that Obama signed!
Remember it takes 4 to 10 years.... So both you (and you have excuse as you are just dumb!!) and poltifact.org
NEVER considered how long it takes from signing a lease to production!
That was the point!
BIDEN stopped signing all leases on Federal land that produces 24% of USA oil/gas!
You idiots have no idea what that did to gas prices because planners at oil production companies had to
take out this Federal lands in their planning. 24% of country's oil production!
Fed_oil_leasesasof2022.png
 
So the minute, the very first minute Biden became president oil production increased 31%? Immediately?
Um...retard? Major comprehension fail.

It is a FACT oil production increased by 31 percent in Biden's first YEAR.

It is a FACT oil production increased by only 21 percent in Trump's first YEAR.

See post 238.

All caught up now, dipshit?

Why does Trump hate America?
 
FACT. Biden approved more public land leases for drilling oil than Trump did.



New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.
Interior Department approvals to drill oil and gas wells on public lands have dropped significantly in recent months, a shift from 2021, when the Biden administration topped the Trump administration’s permitting record in its first year.

The Bureau of Land Management in January approved just 95 permits for oil and natural gas wells across federal lands in the United States, a plunge from the zenith of 643 issued last April, according to a review of data by E&E News.

The permitting showdown is the latest of many disagreements over the federal oil program under Biden. When Biden came into office last year, he paused oil and gas leasing on federal lands and last fall published a report criticizing the program as antiquated and deferential to industry.
Even under Biden, 96 percent are getting approved versus 98 percent under Trump,” he said.
 
Interior Department approvals to drill oil and gas wells on public lands have dropped significantly in recent months, a shift from 2021, when the Biden administration topped the Trump administration’s permitting record in its first year.

The Bureau of Land Management in January approved just 95 permits for oil and natural gas wells across federal lands in the United States, a plunge from the zenith of 643 issued last April, according to a review of data by E&E News.

The permitting showdown is the latest of many disagreements over the federal oil program under Biden. When Biden came into office last year, he paused oil and gas leasing on federal lands and last fall published a report criticizing the program as antiquated and deferential to industry.
Even under Biden, 96 percent are getting approved versus 98 percent under Trump,” he said.
Biden has still approved more than Trump.

So you are going to have to go looking for more hoaxes. Sorry!

Can you explain why oil production increased 31 percent in Biden's first year but only 21 percent during Trump's first year, when they both started at the same amount of production when they took office.

Why does Trump hate America?
 
The poor tards are stuck in their "because Biden" mythology and can't see the forest for the trees!

Gosh, oil production went up faster under Biden's first year than under Trump's first year! I wonder why gas prices went up higher under Biden then?

This enigma actually stumps the tards!o_O

They thrash about trying to find a way to blame Biden in their fits of partisan hackery rather than see the FACTS in front of their mouth-breathing faces.

Sad.
 
Maybe if I tard it down for them.

A barrel of crude oil holds 42 gallons.

Donald Trump pours in 21 gallons. Saudi Arabia pours in 15 gallons. Venezuela pours in 6 gallons.


The next barrel comes along and Joe Biden pours in 31 gallons. Saudi Arabia pours in 3 gallons. Venezuela pours in 1 gallon. The barrel does not get filled.

And the tard herd shouts, "Damn you, Biden!!!" at the prodding of their propagandists.
 
Biden has still approved more than Trump.

So you are going to have to go looking for more hoaxes. Sorry!

Can you explain why oil production increased 31 percent in Biden's first year but only 21 percent during Trump's first year, when they both started at the same amount of production when they took office.

Why does Trump hate America?
So the minute, the very first minute Biden became president oil production increased 31%? Immediately?
NO... it didn't did it.
Now the dummies at PolitiFact - Oil production in Biden’s first year on par with Trump wrote:
But REALITY is Biden shut down leasing and the leases that were approved were already in the pipeline under Trump!
Remember it takes from lease to production can vary from four to 10 years depending on water depth at the lease location, the drilling depth needed to reach the target reservoir, the distance from shore and from infrastructure, the geological characteristics of the reservoir and complexity of production facilities design.
So all those leases were from the open oil exploration by Trump!
But dummies like you think oh..Biden president, 31% increase... It didn't happen in the first minute, the first month but over a period of months that were submitted under Trump.
 
So the minute, the very first minute Biden became president oil production increased 31%? Immediately?
NO... it didn't did it.

He never said it increased 31% during Biden's first minute. He said repeatedly it happened in Biden's first YEAR.

There is something seriously wrong with you.
 
He never said it increased 31% during Biden's first minute. He said repeatedly it happened in Biden's first YEAR.

There is something seriously wrong with you.
So why did it increase say the next month, or next month?
FACTS: Not guesses.
Fed_oil_leasesasof2022.png
 
Usually when someone blabbers on as much as you defending the idiot in office now you know they are wrong.

Why does Biden and demscum hate America?
This is the willful blindness I often speak of.

God forbid you learn the truth. It is more important to you partisan hacks to stick to your mythologies.

Pathetic.
 
This is the willful blindness I often speak of.

God forbid you learn the truth. It is more important to you partisan hacks to stick to your mythologies.

Pathetic.
Funny, a demscum claiming to know the truth.

Why does Biden and the demscum hate America?
 
Funny, a demscum claiming to know the truth.

Why does Biden and the demscum hate America?
I'm not a democrat, retard.

Why can't you face the facts for which I provided ample evidence? Were there too many words? Did it overwhelm your bumper sticker intellectual capacity?

You are a special kind of willfully blind partisan hack.

Sad.

"Reading is hard!'
 
FACT: Starting from almost the same amount of US oil production upon taking office, Biden increased US oil production by 31 percent in his first year while Trump only increased production by 21 percent.

FACT: Saudi Arabia is exporting less oil today than during the pandemic.

FACT: Venezuela is exporting less oil today than during the pandemic.

FACT: Oil companies are deliberately slow walking their production in order to keep profits as high as possible.

FACT: Joe Biden has approved far more public land leases for oil drilling than Trump did.

But, you know, Fox Fake News knows the rubes are too stupid to find this out for themselves and they will parrot "Because Biden!" because it feels good to be wrong, and reading is hard!
 

You can see in that link that US oil production went from a maximum of 400,219,000 barrels per month in December 2019 and steadily declined to 273,646,000 barrels in February 2021.

You must be a special kind of amnesiac to not know oil production declined worldwide during the pandemic.

The price of oil actually went NEGATIVE for a short period.

Now, if you look more closely at that link, you can see in Trump's first full month in office, US oil production was 255,059,000 barrels.

In Biden's first full month in office, US oil production was 273,646,000 barrels.

So they both started from almost the same amount of oil being produced.


At the end of 2017, US oil production was 309,359,000 barrels. An increase of 21 percent.

At the end of 2021, US oil production was 358,588,000 barrels. An increase of 31 percent.

Biden produced way more oil in his first year than Trump did.

You wanted FACTS. You got 'em!


WHY DOES TRUMP HATE AMERICA!?!?
Here are the facts...
Trump signed more Federal leases than Obama who saw an increase only 1 year out of 8!
Trump increased leases on Federal lands that produce 24% of nation's oil/gas.

And if you believe that 31% increase just appeared magically... You are not very well informed on production.

One study found the world's largest oil and gas fields averaged 5.5 years from discovery to first production and took 17 years of production on average to reach peak output.

The Trump administration on Friday announced it would open up over 720,000 acres of federal land in California for oil and gas development, ending a five-year moratorium on leases in the state.

Biden cancelled!

So all the 31% increase you quote was started under Trump in 2017 and you people who have no idea jump to conclusion Biden did it! Once again an example of truly uninformed comments.
Look at the preceding years of diminished signings by Obama and Trump was faced with that.

Fed_oil_leasesasof2022.png
 

Biden inflation hits 40-year high… Rick Santelli breaks it down…​

So why is it Biden's "inflation"? Well among many reasons here is one dominate one!
Every day Americans buy an average of about 338 million gallons per day (or about 8.05 million barrels per day).
So when gas rises in price nearly 40% from what it was a year ago... that means every day gas cost Americans $334 million a day MORE
than a year ago.
So why is it Biden's "Inflation"... ONE major reason...
Biden shut off oil exploration on land that produces 25% of Americans oil.
He then begs OPEC to pump more gas while restricting American oil producers!
He then releases 50 million barrels from the strategic oil reserves!
These three Biden actions CAUSED gas prices to increase for Americans by $334 million a DAY!
Folks... if that doesn't add to inflation...wow are those of you who don't think Biden's at fault... You don't understand economics...at all!

View attachment 599629

It's Putin's fault
....And you're such a racist

:p
 

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