The U.S. Is Pumping Oil Faster Than Ever

[Lesh]

How many barrels on Tater approved leases?

ZERO sound about right, Simp?

How long does it take from "lease granted" to oil production SIMP?

YEARS sound about right jackass?

It takes a long time to get from a federal drilling lease to actual oil

Companies have to evaluate their prospects, then come up with a budget and manage crew and equipment logistics.

www.marketplace.org

 

[Nostra]

That's rich, the head whinner when gas prices were soring for everyday Americans, now pretending it was not an emergency. What are you a secret libby?

High prices is not listed as a reason to drain the SOR, Simp.

 

[Nostra]

How long does it take from "lease granted" to oil production SIMP?

YEARS sound about right jackass?

It takes a long time to get from a federal drilling lease to actual oil

Companies have to evaluate their prospects, then come up with a budget and manage crew and equipment logistics.

www.marketplace.org

So you admit Tater has nothing to do with increased production.

 

[Lesh]

So you admit Tater has nothing to do with increased production.

So you admit thatJoe Biden has done nothing that would increase the cost of gas

 

[Lesh]

High prices is not listed as a reason to drain the SOR, Simp.

A. it wasn't even close to "drained"

B. It eased gas prices at a critical time.

 

[Nostra]

A. it wasn't even close to "drained"

B. It eased gas prices at a critical time.

Not a listed reason. Period.

 

[Nostra]

So you admit thatJoe Biden has done nothing that would increase the cost of gas

link to me saying that?

 

[Lesh]

link to me saying that?

Don’t need to. Your statements above make that clear

 

[Lesh]

Not a listed reason. Period.

You don’t like it? Tough shit. Sue to get it back

 

[BlindBoo]

High prices is not listed as a reason to drain the SOR, Simp.

Just add it to ya'lls list of phony revenge impeachments........crybabies.

 

[BlindBoo]

Just add it to ya'lls list of phony revenge impeachments........crybabies.

 

[my2¢]

They can produce out the wazoo but it won't yet help gasoline prices. Shareholders of oil companies have been demanding high returns to make up for their crappy return on investment of 2010s and 2020. They're now raking it in. Simply capitalism at work, investors not getting adequate returns will put their money elsewhere. Imagine where these oil companies would be without investors.

 

[kaz]

Drill, baby, drill!

The U.S. is pumping oil faster than ever. Republicans don’t care.​

​

The GOP narrative has a major hole: U.S. oil production — already the highest in the world — is on track to set a new record this year, and will probably rise even more in 2024. But the ever-increasing flow of U.S. crude has failed to keep a lid on gasoline prices, showing once again that a global market drives the fuel prices that shape presidents’ political futures.

And that means events far beyond the nation’s borders will play a sizable role in voters’ verdict on “Bidenomics” — as global oil prices rise and fall in response to banking conditions in Europe, China’s slumping real estate market, Vladimir Putin’s war in Ukraine and the latest maneuvers by Saudi Arabia.

[snip]

U.S. oil production is forecast to average an all-time high of 12.8 million barrels a day this year and keep growing to 13.1 million in 2024, the federal Energy Information Administration said in its latest forecast.




This reality has not stopped dishonest Republicans from lying:


In one campaign ad, former Vice President Mike Pence pretends to fill his pickup truck and blames Biden’s energy policy for “causing real hardship” for Americans, while ex-South Carolina Gov. Nikki Haley has vowed to bring oil production back to the United States.

And Sen. Tim Scott (R.-S.C.) railed last month on the Biden administration, which he asserted “has shut down energy production in America.”

“Why won’t this President tap into our abundant energy resources here at home and bring down prices at the pump?” he asked.

In fact, though, oil production from federal lands and waters has risen on Biden’s watch, reaching past 3 million barrels per day last year. The high mark during President Donald Trump’s term was 2.75 million barrels a day.

Wow, you know nothing about economics. But to play along, bam! As long as we're pumping more nominal oil then we ever did, the economy is great and gas prices are at record lows! We don't need to pump more, let great countries like Venezuela and Saudi Arabia and Russia have the Do Re Mi! Except the economy is in the toilet and gas is almost double what it was when Biden took office. See the part you know nothing about economics again ...

 

[Nostra]

Don’t need to. Your statements above make that clear

So you lied. No quote by me.

 

[Nostra]

You don’t like it? Tough shit. Sue to get it back

What a stupid post.

 

[Nostra]

Just add it to ya'lls list of phony revenge impeachments........crybabies.

Another extremely stupid post.

 

[kaz]

They can produce out the wazoo but it won't yet help gasoline prices. Shareholders of oil companies have been demanding high returns to make up for their crappy return on investment of 2010s and 2020. They're now raking it in. Simply capitalism at work, investors not getting adequate returns will put their money elsewhere. Imagine where these oil companies would be without investors.

So if companies can charge whatever they want, then why don't they do that now? Why don't all the other companies do that too?

Marxism is stupid, capitalism is the ONLY system that works, homey. Politicians sure don't work according to your rules of taking less money than they have to, they take every dollar they can get. The Bidens are shakedown artists. Old Joe was the poorest Senator and is now one of the richest after a career in government. You actually believe he's taking less from us than he needs to live? Dream on and wake up

 

[hadit]

A. it wasn't even close to "drained"

B. It eased gas prices at a critical time.

By how much?

 

[BluesLegend]

Breaking: Biden pumps more oil than the entire world's production combined, while driving an oil tanker big rig and curing cancer.

 

[BluesLegend]

High prices is not listed as a reason to drain the SOR, Simp.

Biden drained the SOR because the people were bitching about gas prices just before the midterm elections. Naturally after the elections Dems went back to attacking oil.