One major cause to today's gas prices being 45% higher under Biden..."I guarantee We Are Going To Get Rid of Fossil Fuels”

[Robert W]

Six days into office he jacked up prices and media only talked about climate change and not the impact on the economy…

Biden suspends oil and gas leasing in slew of executive actions on climate change

Biden's orders will halt oil and natural gas leases on public lands and waters in an effort to curb planet-warming carbon emissions.

www.cnbc.com

That is what to expect when the president is senile. He thinks he did good.

 

[healthmyths]

EIA Confirms Historic U.S. Oil Production Record

In mid-December I reported that the U.S. had set a new oil production record. The EIA has now confirmed that the U.S. is producing more oil than any other country, ever.

www.forbes.com

Oil exec's have constantly said they are reluctant to produce more oil after being burned by over production in the past.

Which then would give them even more reason to hike prices when the dummy tells the world he guarantees to get rid of fossil fuels!
What a dumb ass statement that gives even more reasons for oil companies to stop production and raise prices!
But they didn't stop production ONLY ON FEDERAL Lands due to Biden's EOs canceling drilling leases.

Biden blocks oil drilling on 10M acres in Alaska, including leases Trump sold​

https://www.politico.com/news/2023/09/06/biden-to-cancel-trumps-oil-drilling-leases-in-alaskan-nature-refuge-00114243

 

[AntonToo]

Don't you ever get tired of posting this horseshit?

How many times has it been now? 50? 100?

And I will always be there to call you out on your horseshit.

U.S. Energy Independence Soars To Highest Level In Over 70 Years​

He is kinda tired of posting exactly same bullshit every week, but hey, a job is a job.

 

[AntonToo]

Filling up the car with a gallon of fuel for the week's commute is more possible and viable than hauling several hundreds of pounds of batteries for today's commute.

More possible?

My Tesla commuter sure seems as possible as it gets.

 

[80zephyr]

As I have shown time and time and time again, countries like Russia, Saudi Arabia, and Venezuela have been reducing their output to levels lower than during the pandemic in order to cause prices to rise.

In addition, our domestic oil companies are price gouging and reporting record profits.

Which has NOTHING to do with Biden.

They want you to blame Biden, though, for obvious reasons.

Don't be such a sucker. Your stupidity is costing you money.

The left claims big business is price gouging. Why didn't they do that when Trump was president? Or Obama? Or....

 

[Invisibleflash]

The above was said in September 06, 2019,
Now According to Statista Consumer Insights,

73 percent of American commuters use their own car to move between home and work,
making it by far the most popular mode of transportation.

Infographic: Cars Still Dominate the American Commute

This chart shows which means of transportation commuters in the U.S. are using.

www.statista.com

There are 8 million truckers on the road everyday.
That includes semis and trailers/ 18 wheelers, fuel trucks/ tanker trucks, and transportation box trucks that move food, beverages and smaller loads, plus equipment trucks, flatbeds, and more. But the majority are 18 wheelers semis with trailers.

How many semi trucks are on the road, on average, on any day in the 48 states?

Answer (1 of 6): There are approximately 35 billion gallons of diesel fuel used each day in the US. Let's use an average of 5.5 miles per gallon, and an average of 500 miles per day per power unit. Someone who could run this calc correctly should give you a rough idea of the answer you seek. Als...

www.quora.com

For those of you with an attention span longer than the average American of 8.5 seconds the above information was to show you the affect of gas prices on just two major aspects of a "fossil fuel commodity" that Biden wants to destroy.
CONCLUSION.. Why the average American directly saw 44% cost in their daily driving and at least 44% indirectly for the goods and services delivered by trucks for ALL Americans.
44% increase primarily due to Biden's "guarantee"!
As a result of Biden's stupid guarantee.. the CEO of Chevron, Mike Wirth's response:
"You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, ‘We don’t want these products.’”
www.bloomberg.com
US May Never Build New Refinery Even With Surging Gas Prices, Chevron CEO Says
Green policy push means billion-dollar investments may be stranded in coming decades
www.bloomberg.com www.bloomberg.com

Conclusion: Harris supports 100% destruction of fossil fuels.
GAS prices will continue to climb even higher!


View attachment 992066

Forget politics, peak oil will destroy our way of life. 15-minute cities are being pushed because they know the score...we are running out of crude. (Easy to get crude.) No one knows when the peak will be, but things will eventually peak. Sure, there will always be oil in the ground. But the Ponzi scheme bursts once it takes 1.1 barrels of crude to extract 1 barrel of crude oil. Crude oil is what built us. We cannot get rid of petrochemical use of crude oil, even if we went 100% eCars.

There is no fungible replacement for crude oil. eCars would have no tires, no seat cushions or seat covers, no grease for the wheel bearings, no asphalt roads to run on, no dashboards or seat belts, no solar panels and on and on. Crude oil built our world. 90% to 95% die off with no crude oil. To make matters worse, ALL the eCar batteries have to be remade every 9 to 11 years or so. Batteries are not permanent. We are cracking / fracking rocks to find gas and sifting crude from tar sand. The writing is on the proverbial wall, bub. America only worked when it worked. America is based on endless growth and consumption in a finite world...aka a Ponzi scheme.

 

[JohnDB]

More possible?

My Tesla commuter sure seems as possible as it gets.

I'm speaking of commercial vehicles needing to be the first to change instead of retail vehicles

Retail will follow due to evolution of commercial use vehicles. Hybrids can make things better although not perfect immediately. Much smaller battery needs, much less weight, no road overweight allowances.

Besides we have more pressing issues than global warming which has not happened in the past 50 years. We have global population declining rapidly as more of a pressing issue than environmental issues which have little evidence of being substantial.

 

[AntonToo]

View attachment 992174

Forget politics, peak oil will destroy our way of life. 15-minute cities are being pushed because they know the score...we are running out of crude. (Easy to get crude.) No one knows when the peak will be, but things will eventually peak. Sure, there will always be oil in the ground. But the Ponzi scheme bursts once it takes 1.1 barrels of crude to extract 1 barrel of crude oil. Crude oil is what built us. We cannot get rid of petrochemical use of crude oil, even if we went 100% eCars.

There is no fungible replacement for crude oil. eCars would have no tires, no seat cushions or seat covers, no grease for the wheel bearings, no asphalt roads to run on, no dashboards or seat belts, no solar panels and on and on. Crude oil built our world. 90% to 95% die off with no crude oil. To make matters worse, ALL the eCar batteries have to be remade every 9 to 11 years or so. Batteries are not permanent. We are cracking / fracking rocks to find gas and sifting crude from tar sand. The writing is on the proverbial wall, bub. America only worked when it worked. America is based on endless growth and consumption in a finite world...aka a Ponzi scheme.

No one is proposing full replacement of oil products silly.

 

[g5000]

The left claims big business is price gouging. Why didn't they do that when Trump was president? Or Obama? Or....

Here you go:

Chevron raises buybacks and says exposure to Russia is limited​

Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.


See that? Do you see that?

Oil companies were deliberately slow-walking production back to normal levels, trying to maximize profits at your expense.

 

[JohnDB]

No one is proposing full replacement of oil products silly.

Peak oil is ALWAYS at a minimum of 50 years away from the moment any draconian law is put forth.

And we have far too many uses for petroleum products to ever get away from them completely.

Petroleum products are available and used because they are inexpensive to use.

We need cheap oil....not anything else. Sure we can replace petroleum products with other products but at very high prices.

 

[Harpy Eagle]

September

 

[AntonToo]

Peak oil is ALWAYS at a minimum of 50 years away from the moment any draconian law is put forth.

And we have far too many uses for petroleum products to ever get away from them completely.

Petroleum products are available and used because they are inexpensive to use.

We need cheap oil....not anything else. Sure we can replace petroleum products with other products but at very high prices.

The point is to phase out BURNING fossil fuels in the long term, not to stop using all petrol products, which are used to make everything from lubricants to plastics.

 

[Mac1958]

Oil exec's have constantly said they are reluctant to produce more oil after being burned by over production in the past.

Evidently the Trumpsters think that global oil prices are profoundly effected by campaign promises.

Gosh, and all along we thought it was a complex web of varying global currents, from currencies to distribution to demand to macroeconomic forces!

 

[80zephyr]

Here you go:

Chevron raises buybacks and says exposure to Russia is limited​

Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.


See that? Do you see that?

Oil companies were deliberately slow-walking production back to normal levels, trying to maximize profits at your expense.

Then why didn't they do it under Trump? Under Obama?

 

[JohnDB]

The point is to phase out BURNING fossil fuels in the long term, not to stop using all petrol products, which are used to make everything from lubricants to plastics.

I also believe that using yellow coal is extremely viable from what George W Bush called "clean coal technology"....it really isn't what the name suggests but we still get the gypsum for drywall after the hydrocarbon products are removed....plus no aerosolized mercury to pollute the environment.

That technology has been around since WW2. We don't use it and it can be made very efficient and effective. Just a matter of "want to".

CO² emissions? I'm not sure that those numbers have changed either from burning petroleum.

Internal self reliance on energy from an international viewpoint is only logical. Lots of people can prey upon a single point of failure.

 

[healthmyths]

View attachment 992184

ALL True no one every every disputed that!
What you are NOT showing though are these numbers:

In 2022, total petroleum exports were about 9.52 million barrels per day (b/d)
and total petroleum imports were about 8.33 million b/d,

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

So actually the USA IMPORTED 8.33 million barrels/day..
But more importantly... it is the PRICE we pay even though we have more production.
Why? ONE major reason is this Biden statement: "I guarantee We Are Going To Get Rid of Fossil Fuels”
Now if you are a CEO of an oil company like this:
Mike Wirth's said..."You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, ‘We don’t want these products.’”

Bloomberg - Are you a robot?

So even though the USA is producing more oil, when oil executives are planning for their future...not 10 days, 10 months but 10 years... when they hear the President of the USA guarantee to put them out of business... wow what a reason to raise prices 44% in 4 years! Again Trump "drill, baby, drill" attitude versus Biden "rid fossil fuels".
Why is that so hard to comprehend, i.e. which person wants to see oil companies succeed and which wants them destroyed?

 

[RoshawnMarkwees]

That is what to expect when the president is senile. He thinks he did good.

He did nothing but follow orders from the demmunist cabal.

 

[Harpy Eagle]

So actually the USA IMPORTED 8.33 million barrels/day..
But more importantly... it is the PRICE we pay even though we have more production.
Why? ONE major reason is this Biden statement: "I guarantee We Are Going To Get Rid of Fossil Fuels”
Now if you are a CEO of an oil company like this:

By your own link we are importing far less now than we did under Trump....so how is this the fault of some words Biden said that most people laughed at, including the oil companies?

 

[healthmyths]

I guess you have NO smarts when it comes to running a business!

Tell me if the president of the USA halts all leasing of oil land on federal property
To date, Biden is the only president in modern history not to have held a single oil and gas lease sale on federal lands despite clear direction from Congress to do so quarterly.

Biden’s Radical, Anti-Fossil Fuel Energy Policy Costs Americans Dearly

There’s a popular genre of fiction books and TV programs that explore what the world might have been like if history had taken a different twist. What if Julius Caesar never crossed the Rubicon? What if Napoleon won at Waterloo? What if the Allies lost the Great War? And what might gasoline...

www.heritage.org

AFTER he has told people he is putting the oil i.e. fossil fuel industry out of business AND people laughed at it what would YOU do? Nothing?
The following oil companies experts weren't laughing!
"Oil companies are having a harder time finding finance as questions about climate and future oil demand increase. ." Increasing questions around the future of oil demand are making it harder and harder for oil companies to secure financing from banks and other large investors for drilling projects.
As governments move to reduce greenhouse gas emissions through the expansion of electric vehicles, some financial institutions are becoming wary about investing in oil projects that take years to develop when demand could be substantially lower once production begins.
As a result, the cost of securing capital through loans and selling stock is expected to double for oil companies in the years ahead, making projects more expensive and less desirable to investors, said Jim Burkhard, head of oil markets research at S&P Global.

The investment threshold for investing in new oil is higher today, he said. much greater uncertainty about the future of oil demand. You have all these markets saying we don't want your oil at some point in the future. Driving the trend are asset management firms and investments banks less inclined to put money into an industry that has not only struggled financially since the oil price crash of 2014 but is also in conflict with internal mandates to reduce the carbon footprints of the companies in which they invest.
On HoustonChronicle.com:
But investment banks remain reluctant to issue long-term debt to oil companies, a trend that began even before the loss of demand that came with the COVID-19 pandemic, said Dean Foreman, chief economist at the trade group American Petroleum Institute.
Some banks will not lend into the sector, he said. 2019 fair to say the availability of capital continues to be one of our key issues.

The Bank Policy Institute, a trade group, did not respond to a request for comment.
Banks such as JP Morgan and Goldman Sachs have come under increasing pressure from investors to prove the sustainability of their investment portfolio, a trend known as environmental, social, governance investing.
Earlier this year, Bank of America announced that it would reduce the carbon intensity of its energy investments between 29 and 42 percent, depending on whether they're counting the full range of a company's emissions through products like gasoline or just their operations and supply chains.
Pitching financial institutions on putting money into oil and gas drilling projects has become an uphill battle, said Judd Walker, CEO of EnerVest, a privately held company in Houston.
While energy forecasts might show healthy oil demand for years to come, it does little to assuage analysis that even if there is money to be made now climate change will force down oil demand in the long term.

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

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

www.houstonchronicle.com

Again obviously you aren't a business person so it's beyond your comprehension that if it's harder to get financing, it makes the cost of doing business more.... obviously you raise the prices of your goods or services, i.e. GAS PRICES up 44% UNDER BIDEN!!!

 

[d0gbreath]

High gas prices really only hurt those that live far away from where they work. If your commute was ten minutes, it wouldn't be a problem.