The U.S. Is Pumping Oil Faster Than Ever
- Thread starter g5000
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Nostra
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- Oct 7, 2019
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How many barrels of oil are we pumping in Tater approved leases?
ZERO sound about right?
g5000
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- Nov 26, 2011
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- #283
Did you not read the OP? We are drilling more on federal lands than we were during the Trump administration!
Try to catch up.
U.S. Energy Independence Soars To Highest Level In Over 70 Years
Nostra
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Explain in detail, with links exactly how Tater was involved.
Lesh
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He released about a QUARTER of the reserves.
Hardly “draining”
So you LIKE paying more for gas?
g5000
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- #289
3.3 percent.What’s the inflation in Japan?
Japan Inflation Rate
Inflation Rate in Japan increased to 2.80 percent in May from 2.50 percent in April of 2024. This page provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...
tradingeconomics.com
Russia's inflation is 4.3 percent. Their interest rate is over 12 percent.
The EU's inflation rate is 5.5 percent.
The UK's inflation rate is 6.8 percent.
- Dec 16, 2017
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If oil prices are controlled globally…and the US depletes half of its SOR to help ease oil prices, and nobody else does, you don’t question that? Why put our stock pile at risk? Yeah, gas prices lowered for a little while but then went right back up. On top of that, Biden said they would refill the reserves when oil got to $70, but despite the fact that it got to $60, they didn’t act.
OPEC Surprise Oil Cut Underscores Biden’s Missed Opportunity To Refill Strategic Reserves
Exasperated at Biden, and flexing market share muscle, OPEC announces surprise cuts of 1.66 million barrels per day.
www.forbes.com
What used to be 700 million barrels is down to under 350 million barrels.
g5000
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- #292
That was the day Biden took office.That article is shit and you suck for reposting it.
Biden absolutely did do some of the things that article claims he didn't.
Proof:
Biden's Declaration of War on Oil and Appliances 1/20/2021
Things have changed a great deal since then.
Do try to catch up. The figures don't lie.
g5000
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- #293
That article is over two years old.If you Leftards were not so ignorant you’d be Trump supporters.
How President Biden’s Executive Orders Impact The Oil Industry
When it comes to the impact on the oil industry, President Biden's recent executive orders weren't as scary as they looked.
A lot has changed since then.
Do try to catch up. The figures don't lie.
g5000
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- #294
Earth to Markle. See post 283.Typical distraction from the far left.
Earth to g5000, Earth to g5000. We derive energy from a number of sources. Plus, we may be producing more oil, but that oil is costing us more to mine.
So, how did we lose energy independence?
Soon after Biden took office, the Energy Information Agency reported that the United States would begin importing more oil than it would export for 2021 and 2022. On January 27 of this year, Biden drafted an executive order largely affected the oil and gas industry. The order included the following guidelines:
While the existing leases for companies to explore and/or drill for oil are still in existence, no new leases or permits will be given. The effect of this measure means that there are limited effects on existing lands where exploration and drilling takes place. It is expected that Americans won’t see the effects of this part of the executive order for up to ten years.
- Halted new oil and gas leases on federal onshore lands such as national parks and offshore waters (however, this did not affect tribal lands)
- Directed the Secretary of the Interior to consider adjusting coal, oil and gas royalties to “account for corresponding climate costs” (i.e., the industry expected increased royalties)
- Suspended new leases, contracts, or drilling permits for at least 60 days
- Withdrew the permit for the Keystone XL pipeline
Because Biden directed the Secretary of the Interior to provide a comprehensive review of the climate impact of future oil and gas activity on public lands, companies are expecting new regulations, which are often costly to companies.
What Happened to the United States Being Energy Independent? - This Nation
As gas prices have reached a national average of $3.42 per gallon, consumers debate whether the United States was ever energy independent. Former President Trump argued in early 2020 that America had finally attained the goal of energy independence, while pundits on the left argued that America...www.thisnation.com
You are posting obsolete news.
Try to catch up.
Lesh
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There’s part of your problem.If oil prices are controlled globally…and the US depletes half of its SOR to help ease oil prices, and nobody else does, you don’t question that? Why put our stock pile at risk? Yeah, gas prices lowered for a little while but then went right back up. On top of that, Biden said they would refill the reserves when oil got to $70, but despite the fact that it got to $60, they didn’t act.
OPEC Surprise Oil Cut Underscores Biden’s Missed Opportunity To Refill Strategic Reserves
Exasperated at Biden, and flexing market share muscle, OPEC announces surprise cuts of 1.66 million barrels per day.
What used to be 700 million barrels is down to under 350 million barrels.
We didn’t deplete half. More like a quarter.
We still have plenty for emergencies
g5000
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False assumption. 30 countries joined the US in releasing oil reserves.
U.S. and 30 Countries Commit to Release 60 Million Barrels of Oil From Strategic Reserves to Stabilize Global Energy Markets
Today, U.S. Secretary of Energy Jennifer M. Granholm released this statement following an emergency meeting of the International Energy Agency (IEA) member countries in response to Russia’s invasion of Ukraine.
- Dec 16, 2017
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Why be “more energy independent” when you can be totally independent?
I never understood why we have to live in the global market when we have the ability to be self sustaining. Build a few more refineries, open up more federal drilling, and stop letting “the global market” cause us to have to pay over $4.00 per gallon in some areas. I mean, if we had increased refining capacity, we wouldn’t be nearly as dependent on oil imports, and could produce more of our own oil, and not be subject to whether or not opec wants to cut production.
toobfreak
Tungsten/Glass Member
g5000
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- #300
And I am again amused how so-called free enterprise conservatives have no clue how energy markets work.
What do you want? The US government to go all commie on you and ban exports of oil?
Also, see post 283. We are totally energy independent. The most in 70 years.
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