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We are totally dependent on foreign oil to keep prices affordable since the US has to buy all our oil on the open market. We have no national oil company like the other oil producing countries use to stabilize their own supply. Apparently that's socialism to some.What a defeatist attitude from yourself. If the US removes Biden’s restrictions he told US he was going to put on the Energy companies AND aggressively pursue VIABLE alternative energy solutions, we won’t be as dependent on the Saudis or any other foreign oil state.
It should be abundantly clear to yourself and all of the other Biden apologists that he and Harris made us more dependent on foreign oil.
Please to explain just why they wouldn't do so.OPEC adjusts their production to counter any increase in US production to keep the price right where they want it. Any idiot knows that by now.
They couldn't control the price with Trump's energy policies. It was America first, Biden is Americans last.OPEC adjusts their production to counter any increase in US production to keep the price right where they want it. Any idiot knows that by now.
And? What does that have to do with Biden’s Policies and becoming more dependent on Foreign oil and depleting strategic reserves? In 2020, where was demand at the height of COVID shutdown?Production was reduced by 9 million bpd in 2020. .. before Biden was elected.
When the US has less restrictive oil policies like we did under W Bush and Trump, the open market (OPEC) responds by keeping production up.We are totally dependent on foreign oil to keep prices affordable since the US has to buy all our oil on the open market. We have no national oil company like the other oil producing countries use to stabilize their own supply. Apparently that's socialism to some.
Oil companies have almost total control over the level of production. The sad truth is that should they produce enough to lower the price of oil it would stop being profitable.Please to explain just why they wouldn't do so.
OPEC is in business to make money and if Tater is fool enough to stifle US production to where it's not available both here and abroad OPEC is going to make hay while the sun shines.
The president does not control the US oil industry.Spoken like a true man with common sense
And? What does that have to do with Biden’s Policies and becoming more dependent on Foreign oil and depleting strategic reserves? In 2020, where was demand at the height of COVID shutdown?
www.statista.com
The president does not control the US oil industry.
Apparently this man is ignorant of how non-authoritarian countries work.
When the US has less restrictive oil policies like we did under W Bush and Trump, the open market (OPEC) responds by keeping production up.
The oil business was in the doldrums when Dubya was president. The ppb was so low they couldn't afford drilling and exploration. Has nothing to do with restrictive policies.
www.statista.com
You keep shifting the conversation to American Oil’s costs, production, etc. yet you cannot justify or even explain an economic case for Biden’s policies aimed at US Energy companies.
Trump just rode the coattails of the boom between 2008-2016 when the ppb was high enough to drive investment in increased capacity.
Remember the US has the highest production costs in the world.
Breakeven prices for U.S. oil producers 2023 | Statista
According to a 2023 survey, oil producers operating in the Eagle Ford region needed WTI oil prices to amount to a minimum of 56 U.S.
Not when the government is adding risk and costs to US companies.Oil companies have almost total control over the level of production. The sad truth is that should they produce enough to lower the price of oil it would stop being profitable.
You keep shifting the conversation to American Oil’s costs, production, etc. yet you cannot justify or even explain an economic case for Biden’s policies aimed at US Energy companies.
I want him to rescind his egregious regulatory policies against the US Energy Companies. You kerp siting US oil struggles. Why punish them and push US into more dependency?What do you want Biden to do? The oil business has to make a profit or go bankrupt. Remember that over 200 US oil companies declared bankruptcy in 2020.
Not when the government is adding risk and costs to US companies.
I want him to rescind his egregious regulatory policies against the US Energy Companies. You kerp siting US oil struggles. Why punish them and push US into more dependency?
He controls the leases and the permits, that can control the price alone.The president does not control the US oil industry.
Apparently this man is ignorant of how non-authoritarian countries work.
He controls the leases and the permits, that can control the price alone.
All you keep saying is how weak US Oil Companies are yet cannot provide justification or even explanation for Biden’s US Energy Policies.The oil business in the US is boom or bust.. mostly a wildcatter mentally. When the ppb is high everyone invests and starts ordering rigs and drilling. You won't ever drive production with low prices.
