The first question if I were a Saudi being begged by Biden for more oil is this...

maybe the aliens can help out?

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~S~
 
The Saudis are not asking the US government why they are not producing more oil from shale on BLM land because they know the answer. The US government, unlike the Saudis do not produce a drop of oil. They know the private sector invests in new production based on projected long term demand for oil and reduction in output do to depletion. The cost and time factor of significantly increasing production makes it impossible for industry to bring on new production based on current supply and demand which as we know can change significantly overnight.

The Saudis unlike America controls production of oil and gas. They have excess capacity to increase supply by simply pumping more out of existing wells. Since the Saudi's can rapidly increase production, it is an ideal solution for dealing with spikes in oil prices. Apparently the Saudis don't agree.

Since the Saudis can do what we can't do, increase production by millions of barrels a day within a few weeks, it's certain is something to consider. As far as increased production, the country produced 11 billion barrels of oil a day last year and it's projected the industry will produce about 12 billion this year and 13 billion next year.

You're right but it's not that simple... And they don't "pump" oil.
 
The Saudi's have his number.
They're gonna double-cross his ass like a MoFo; and well they should!!

Maybe they'll pull a Khashoggi on his ass. I'd even be willing to forgive them for 9/11 if they did. :04:
 
Oil producers in continental United States and water produce and sell to the global market at global market prices. There is no American only market. We have not nationalized oil and petroleum. It does not work that way, here.
It's good to know that someone on this thread understands that.

In 2021, the United States exported about 8.63 million barrels per day (b/d) and imported about 8.47 million b/d of petroleum, making the United States an annual total petroleum net exporter for the second year in a row since at least 1949.

So what does this mean.
  • First, once oil leaves the wellhead, there has be a buyer, typically within days not weeks or months because people have to be paid, storage tank operators, transporters, well operators, royalty owners, banks, etc. Therefore, the oil will be sold at the best price available at that time, if not to a US refinery or transporter then one overseas. Refineries in the US typically run near capacity which means sometimes the best price for the oil is not in the US.
  • Secondly, we typical think of oil as a homogenous substance like water but the fact is there are a number of weights of oil plus the Sulphur content varies. This means that not every refinery can accept the oil plus those that do may have a higher cost than others.
  • Lastly, there are constant changes in demand and supply driving prices up and down locally due to seasonal changes, disasters, whether, strikes, political situation etc.
So just because oil is produced in the US does not mean it will stay in the US. It also means the US is energy independent, depending on your definition.
 
Maybe they'll pull a Khashoggi on his ass. I'd even be willing to forgive them for 9/11 if they did. :04:

The Saudis had nothing to do with 9/11. OBL wanted you to blame the Saudis because they revoked OBL's citizenship in 1994.
 
How? Annuals and quarterlies are great, record setting profit being generated even. Closer to say the oil companies are putting Bidden out of business.
Today... and that's why prices have gone UP! GEEZ how stupid must people like you and Biden be?
"I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels

So tell me what Biden wants to do with oil/gas/coal? Destroy it!

Biden wants to throw oil executives into jail... “we should put them in jail” when talking about fossil fuel executives.

So DUH!!! If Biden wants get rid of the oil business and throw them in jail....DUH! Would you then lower your prices? Hell no!
Get your money while you can because BIDEN wants to see you go out of business!!!!
 
Today... and that's why prices have gone UP! GEEZ how stupid must people like you and Biden be?
"I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels

So tell me what Biden wants to do with oil/gas/coal? Destroy it!

Biden wants to throw oil executives into jail... “we should put them in jail” when talking about fossil fuel executives.

So DUH!!! If Biden wants get rid of the oil business and throw them in jail....DUH! Would you then lower your prices? Hell no!
Get your money while you can because BIDEN wants to see you go out of business!!!!

Thank you Mr. Exxon. I am sure the people in Prince William Sound and the coastline cities in the gulf of Mexico, southern United States take your opinion as overriding, due to the care you exhibit and business/political tactics used to further your operations.
 
Thank you Mr. Exxon. I am sure the people in Prince William Sound and the coastline cities in the gulf of Mexico, southern United States take your opinion as overriding, due to the care you exhibit and business/political tactics used to further your operations.
Big f...king deal! Who are YOU? What is your source of your comments?
How about this:
Eleven of the 126 workers on the rig were killed and, over the following 87 days, an estimated 3.19 million barrels (~134 million gallons) of oil spilled into the Gulf (4.0 million barrels minus 810,000 barrels of collected oil).

Current US Gulf oil output is 1.769 million b/d, according to the latest Platts Analytics estimates. Output will likely to rise by as much as 125,000 b/d early in 2022 and end the year at 2 million b/d.Dec 27, 2021
1,769,000 barrels per day times 365.25 days is .... 646,127,250 barrels or 4 million barrels oil spilled is 0.619%! Wow how damaging!

In the meantime... the 646,127,250 barrels per year generate to Louisiana state government and 19 coastal parishes will receive almost $110 million in the current federal fiscal year to spend on coastal restoration and hurricane protection, the Interior Department announced Tuesday in disbursing money from oil and gas production in the Gulf of Mexico.

FACTS not guesses!!!
 

BIDEN ADMINISTRATION​

Read More
Jan. 20, 2021 DOI issues Secretarial Order No. 3395, announcing that the agency is temporarily suspending its authority to issue any onshore or offshore fossil fuel authorizations, including new lease sales, for 60 days.
Jan. 20, 2021 In Executive Order 13990, President Biden revokes the Trump Executive Order 13783 titled “Promoting Energy Independence and Economic Growth.” EO 13783 directed federal agencies to streamline the oil and gas leasing process and suspend, revise, or rescind regulations that burdened the development of domestic energy resources.
Jan. 27, 2021 President Biden signs Executive Order 14008, which pauses all new federal offshore and onshore oil and gas leasing pending a comprehensive review of the leasing and permitting program. The order also revokes Trump’s EO 13795.
Jan. 27, 2022 Western Energy Alliance petitions the District of Wyoming to review President Biden’s suspension of the oil and gas leasing program. Western Energy Alliance v. Biden, No. 0:21-cv-00013 (D. Wyo.).
March 15, 2021 The Biden administration asks the Ninth Circuit to dismiss the case reviewing President Obama’s withdrawing certain Arctic and Atlantic coastal areas from oil and gas leasing in light of President Biden revoking President Trump’s EO 13795 (the EO challenged in this case). The Biden administration asks the court to vacate the lower court ruling and remand with instructions to dismiss the case. League of Conservation Voters v. Trump, No. 19-35460 (9th Cir.).
March 24, 2021 Louisiana and twelve other states file a lawsuit challenging President Biden’s pause on new federal oil and gas lease sales arguing that the Outer Continental Shelf Lands Act (OCSLA) and the current 5-year Leasing Program prohibit the moratorium. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
April 13, 2021 The Ninth Circuit dismisses the appeal of the March 29, 2019 decision by a federal judge to reinstate President Obama’s withdrawals of Arctic and Atlantic areas from oil and gas leasing because President Biden’s Executive Order 13990 revoking Trump’s EO 13795 rendered the appeal moot. League of Conservation Voters v. Trump, No. 19-35460 (9th Cir.).
June 15, 2021 A federal judge in the Western District of Louisiana issues a preliminary injunction blocking President Biden’s pause on oil and gas lease sales. The court holds that the leasing moratorium violates statutory authority given to DOI, the Bureau of Land Management, and BOEM under the Outer Continental Shelf Lands Act and the current 5-year leasing program. The judge further holds that the immediate impact of the pause renders the preliminary injunction an appropriate remedy and that the DOI may not continue to pause upcoming Lease Sales 257 or 258. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 9, 2021 Plaintiff states file a motion asking the court to order Lease Sale 257 and asking the federal government to show why its failure to make the sale does not put it in contempt of the preliminary injunction. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 16, 2021 The Biden administration appeals the preliminary injunction that blocked the moratorium on new federal oil and gas leasing. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 24, 2021 DOI announces that it will continue to prepare lease sales during the appeal process.
Aug. 24, 2021 The Department of Justice (DOJ) files a memorandum in response to the plaintiff states’ August 9 motion. DOJ argues that DOI had restarted the leasing program and was therefore complying with the preliminary injunction. DOJ further argues that the preliminary injunction did not require the Lease Sale to occur on any timeline, and the government was therefore entitled to complete a new environmental review. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 31, 2021 Environmental groups file a lawsuit challenging DOI’s decision to hold Lease Sale 257 in the Gulf of Mexico, seeking vacatur and injunction of the sale. The groups argue that the sale of Lease 257 violates the NEPA and the APA and estimate that the sale “will result in the production of up to 1.12 billion barrels and 4.4 trillion cubic feet of fossil fuels over the next 50 years.” Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Sept. 17, 2021 Plaintiff states withdraw their motion to compel Lease Sale 257. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Oct. 4, 2021 BOEM publishes a notice in the federal register that it will open and publicly announce bids received for oil and gas leases in the Gulf of Mexico Outercontinental Gas Lease Sale 257 on Nov. 17, 2021.
Oct. 29, 2021 BOEM publishes a draft environmental impact statement (DEIS) for Lease Sale 258, which would offer leasing for oil and gas in Cook Inlet in the Gulf of Alaska. BOEM also announces a 45-day public comment period on the DEIS.
Nov. 17, 2021 BOEM holds its largest sale ever, the Gulf of Mexico Lease Sale 257 for 308 tracts, covering 1.07 million acres of federal waters in the Gulf. In approving the sale, the DOI claimed it was acting “consistent with a U.S. District Court’s preliminary injunction.” However, environmental groups argue that this sale was not required by the June 15 preliminary injunction. These groups contend that by not conducting a new environmental review like the DOJ memo suggested was allowed, the federal government sped up the lease sale and worked against its decarbonization goals.
Nov. 26, 2021 DOI issues a report reviewing the federal oil and gas leasing process and making recommendations for reform. The report finds, among other things, that the current system does not give taxpayers fair returns and does not fully account for environmental harm, and that the current system encourages speculation by and decreases competition among oil companies. The report outlines recommendations to fix these problems and concludes that DOI is deciding how it will act on these recommendations and encourages Congress to pass reforms to the oil and gas leasing process.
Dec. 3, 2021 Democratic members of the House Committee on Natural Resources file an amicus brief in support of environmental groups challenging the Gulf of Mexico lease sale, arguing that the administration’s environmental review “substantially underestimates” the environmental harms of the lease sale. The brief also argues that the nationwide injunction issued by the District Court for the Western District of Louisiana “in no way excused” DOI’s obligations under NEPA and the APA. Friends of the Earth, et al., v. Haaland, et al., No. 21-cv-02317-RC (D.D.C.).
Jan. 19, 2022 Over 360 environmental groups sent a legal petition to the Biden administration to reduce oil and gas drilling to 98% lower than current levels by 2035. The petition explains that, without action, it will be difficult for the United States to keep its pledge to keep global temperatures from rising beyond 1.5℃.
Jan. 20, 2022 Over 80 environmental organizations sign and send a letter to the Biden administration, which urges the Department of the Interior to write a new 5-year Offshore Lease Program that bans lease sales starting in 2022. The letter also calls on Secretary Haaland to repudiate Lease Sale 257.
Jan. 27, 2022 The District Court for the District of Columbia blocks Lease Sale 257 in the Gulf of Mexico because the Department of the Interior failed to take a “hard look” at the environmental impact of the project or to account for the effect of overseas fossil fuel use when calculating climate impacts, which violated the National Environmental Policy Act. Friends of the Earth, et al., v. Haaland, et al., No. 21-cv-02317-RC (D.D.C.). For more background on the ruling, see EELP’s overview of the NEPA Review Process or visit our NEPA Tracker Page for the most up to date review requirements.
Feb. 1, 2022 The Department of the Interior mistakenly posted language on its oil and gas webpage that indicated royalty fees for leases would increase to 18.75%. The Department later removed the language, and a spokesperson for the Department said the decision to increase royalty rates was not yet final.
Feb. 8, 2022 310 environmental groups file a petition asking the Department of the Interior to immediately stop new drilling in the Gulf of Mexico.
Feb. 8, 2022 Intervenor defendant, the American Petroleum Institute files a notice of appeal with the D.C. Circuit, challenging the D.C District Court’s decision to block Lease Sale 257 in the Gulf of Mexico. Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Feb. 14, 2022 Louisiana, another intervenor defendant, files a notice of appeal in the D.C. Circuit case that blocked Lease Sale 257. Friends of the Earth, et al. v. Haaland, et al., Docket No. 22-05037 (D.C. Cir).
Feb. 14, 2022 The Biden administration asks the 5th Circuit to reverse the Western District of Louisiana’s decision that blocked the Biden administration’s moratorium on new oil and gas drilling on federal lands and waters. Among other issues, the Biden administration argues that Biden’s Executive Order 14008 is both lawful and unreviewable and that the plaintiffs relied on erroneous interpretations of the Outer Continental Shelf Lands Act and the Mineral Leasing Act. Louisiana v. Biden, Docket No. 21-30505 (5th Cir.)
Feb. 18, 2022 Environmental groups file a motion to dismiss for lack of jurisdiction in the D.C. Circuit case that blocked Lease Sale 257. Friends of the Earth, et al. v. Haaland, et al., Docket No. 22-05037 (D.C. Cir).
Feb. 22, 2022 A federal judge in the Western District of Louisiana blocks the Biden administration’s application of an interim social cost of carbon metric., Louisiana v. Biden, No. 21-cv-01074 (W.D. La.). For updates on the metric and this litigation, see our Social Cost of Greenhouse Gases tracker page. In light of this decision, the Biden administration announces that it will delay decisions on new oil and gas drilling on federal lands.
Feb. 28, 2022 The Biden administration announces that it will not appeal the District Court’s decision that canceled Lease Sale 257 in the Gulf of Mexico. Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Mar. 8, 2022 The Court of Appeals for the District of Columbia Circuit denies an emergency motion by American Petroleum Institute to expedite the appeal of the District Court decision that canceled Lease Sale 257. Friends of the Earth, et al. v. Haaland, et al., Docket No. 22-05037 (D.C. Cir).
Apr. 15, 2022 To comply with the preliminary injunction issued by the court in Louisiana v. Biden, the DOI announces that the BLM will issue notices for lease sales that will increase in royalty rates from 12.5% to 18.75% and limit the acreage available for leasing. Though this round of lease sales will move forward, the Biden administration continues its appeal of that injunction. Louisiana et al v Biden et al, Docket No. 2:21-cv-00778 (W.D. La.).
April 18, 2022: The BLM publishes final environmental assessments and sale notices for June 2022 lease sales. The final sale notices reduces the acreage of land available for leasing on public lands by 80% and increased royalty rates. For offshore leases, the current 5-year program is scheduled to end on June 30, 2022.
Apr. 19, 2022: The plaintiffs in Western Energy Alliance v. Biden assert that the notice put forward by the Bureau of Land Management still violates the Mineral Leasing Act because BLM did not establish a reliable and predictable leasing system in the future. A hearing in that case is scheduled for May 13. Western Energy Alliance v. Biden, No. 0:21-cv-00013 (D. Wyo.).
Apr. 29, 2022 Republican states attorneys general ask the Western District of Louisiana to grant summary judgment in the case challenging leasing pause. The states also challenge the cancellation of lease sales, including the cancellation of Lease Sale 257. Louisiana v. Biden, Docket No. 2:21-cv-00778 (W.D. La).
May 10, 2022 The Fifth Circuit hears oral arguments on the preliminary injunction that halted the Biden administration’s leasing pause. Louisiana v. Biden, Docket No. 21-30505 (5th Cir.).
May 12, 2022 BOEM cancels upcoming offshore Lease Sales 258, 259, and 261, citing “lack of industry interest” and “conflicting court rulings” as reasons for the cancellations.
May 19, 2022 During a hearing in front of the Senate Energy & Natural Resources Committee, Secretary Haaland says the DOI will propose a new 5-year offshore leasing plan by June 30, 2022, when the current 5-year plan is set to expire.
May 19, 2022 The states in Louisiana v. Biden write a letter to the Fifth Circuit to inform the court about the three cancelled lease sales. No. 21-30505 (5th Cir.).
May 24, 2022 BOEM writes a letter to the Fifth Circuit Court of Appeals explaining its decision not to hold the upcoming lease sales. No. 21-30505 (5th Cir.).
 

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