The U.S. Is Pumping Oil Faster Than Ever

[BlindBoo]

W

We use 20 million bpd... so we're still importing 7-9 million bpd.

In oil our deficit was 2.6 mbd. In refined product our surplus was 4.1.

U.S. Imports & Exports

 

[elektra]

You have no idea what you're talking about.

yet you can not prove if I am or am not

but the price of oil, is high, and rising, the cost of electricity is rising,

and the morons say we can not control anything, just like your politicians dictate

I agree with you, the Democrats have no idea how to manage our economy which is why oil prices are high.

Time to get rid of the Democrats, they are admitting they do not know how to manage our economy.

 

[Faun]

Oil is traded on futures and Biden said he wants to end all fossil fuels. Hence the high gas prices and wait til the cold weather hits…

Guess you don’t understand business and finance?

He said fossil fuels would be replaced by renewable clean energy in 30 years.

 

[22lcidw]

He said fossil fuels would be replaced by renewable clean energy in 30 years.

Nudging change is far different than forcing change that will cause massive distortions and disruptions. Prog grandstanding is a hallmark of their existence. They will take credit for any of the successes that was going to happen anyway.

 

[Faun]

yet you can not prove if I am or am not

but the price of oil, is high, and rising, the cost of electricity is rising,

and the morons say we can not control anything, just like your politicians dictate

I agree with you, the Democrats have no idea how to manage our economy which is why oil prices are high.

Time to get rid of the Democrats, they are admitting they do not know how to manage our economy.

It's easy to prove. The all-time high month for crude production was 402,314,000 barrels. The most recent month reported by the EIA was 392,526,000 barrels. That's just 2.4% short of the all-time high.

U.S. Field Production of Crude Oil (Thousand Barrels)

 

[Faun]

Nudging change is far different than forcing change that will cause massive distortions and disruptions. Prog grandstanding is a hallmark of their existence. They will take credit for any of the successes that was going to happen anyway.

Biden hasn't forced changed. Oil production is near all-time highs.

 

[AzogtheDefiler]

He said fossil fuels would be replaced by renewable clean energy in 30 years.

He said less than 10?

The domino effect of President Biden’s war on oil and gas

From halting pipeline construction to curtailing America’s domestic energy production on public lands; from begging Saudi Arabia and Venezuela for oil while shoveling billions of taxpayer dollars t…

thehill.com

Brown: President’s war with fossil fuels harms America

President Joe Biden can’t get his story straight regarding America’s energy producers. One day he is begging them to produce more supply; the next he is declaring war on their business practices.…

www.bostonherald.com

https://www.washingtonpost.com/opinions/2022/02/24/biden-climate-gas-prices-russia-sanctions/

Opinion | Biden’s War on Oil Hits Consumers

The American energy industry is ready to help if Washington stops trying to put us out of business.

www.wsj.com

 

[The5thHorseman]

Not when it comes to oil. Last time you tried to call me out, you got burned. Want to try it again? Are you not tired of having me constantly school you?

What Determines Oil Prices?

Understand the economic factors and other market forces that impact oil prices.

www.investopedia.com

You haven't even read it, you damned imbecile.

Go to the part talking about pricing.

Futures affect the price of oil INSOFAR as producers hedge future production.

 

[The5thHorseman]

yet you can not prove if I am or am not

but the price of oil, is high, and rising, the cost of electricity is rising,

and the morons say we can not control anything, just like your politicians dictate

I agree with you, the Democrats have no idea how to manage our economy which is why oil prices are high.

Time to get rid of the Democrats, they are admitting they do not know how to manage our economy.

Try to focus.

You have no idea what you're talking about.

You're a moron.

 

[Bell Huey]

He said fossil fuels would be replaced by renewable clean energy in 30 years.

President Biden has set an ambitious U.S. goal of achieving a carbon pollution-free power sector by 2035 and net zero emissions economy by no later than 2050

FACT SHEET: President Biden to Catalyze Global Climate Action through the Major Economies Forum on Energy and Climate | The White House

Today, President Biden will convene leaders of the Major Economies Forum on Energy and Climate (MEF) for the fourth time since taking office to galvanize efforts needed to tackle the climate crisis and keep a 1.5°C limit on warming within reach. At today’s meeting, the President will highlight...

www.whitehouse.gov

 

[surada]

you been told thousands of times, you wont admit that the facts are what they are, facts

We set the price of oil, as the largest economy, as the richest country.

How does the richest most powerful country in the world control prices? How does the country that creates the world's supply of money control prices.

How about quit being a partisan hack and just admit the truth.

The United States doesn't control the price. We have the highest production costs in the world.

 

[AzogtheDefiler]

You haven't even read it, you damned imbecile.

Go to the part talking about pricing.

Futures affect the price of oil INSOFAR as producers hedge future production.

LOL

The price of oil as we know it is actually set in the oil futures market. An oil futures contract is a binding agreement that gives one the right to purchase oil by the barrel at a predefined price on a predefined date in the future. Under a futures contract, both the buyer and the seller are obligated to fulfill their side of the transaction on the specified date.

Schooled again

 

[Faun]

He said less than 10?

The domino effect of President Biden’s war on oil and gas

From halting pipeline construction to curtailing America’s domestic energy production on public lands; from begging Saudi Arabia and Venezuela for oil while shoveling billions of taxpayer dollars t…

thehill.com

Brown: President’s war with fossil fuels harms America

President Joe Biden can’t get his story straight regarding America’s energy producers. One day he is begging them to produce more supply; the next he is declaring war on their business practices.…

www.bostonherald.com

https://www.washingtonpost.com/opinions/2022/02/24/biden-climate-gas-prices-russia-sanctions/

Opinion | Biden’s War on Oil Hits Consumers

The American energy industry is ready to help if Washington stops trying to put us out of business.

www.wsj.com

Those opinion pieces don't alter the reality that Biden said fossil fuels would be replaced in 30 years...

Rebecca Beaulieu: "Thank you. Um, so my question is ... How can we trust that you're going to act on climate, on the climate crisis if you're still attending fundraisers that fossil fuel executives like Andy Goldman are at?"

Biden: ...... "But kiddo, I want you to just take a look, ok? You don't have to agree, but I want to look at my eyes. I guarantee you, I guarantee you, we're going to end fossil fuels and I'm not going to cooperate, ok? No, it can't be done by 2030. Before 2050, G-d willing. No, there's not one single person who's argued it could be done by then. But it can be done by 2050. It may be 2045, but as the science increases, we may be able to move more quickly. But we have to. We can fundamentally change things in the next 10 years though so that we set a path. I promise you. I promise you. Ok?"

Joe Biden, 9.6.2019 (@30:00)​

 

[AzogtheDefiler]

The United States doesn't control the price. We have the highest production costs in the world.

Lie

 

[elektra]

Try to focus.
You have no idea what you're talking about.
You're a moron.

yes, I am a moron to discuss this with you, the idiot

 

[whitehall]

The only thing that's occurring "faster than ever" in this administration is the output of lame propaganda by the media designed to prop up a doddering old fool. Lefties love it because they don't have to talk about reality.

 

[elektra]

The United States doesn't control the price. We have the highest production costs in the world.

we print the money, we control the price

 

[AzogtheDefiler]

Those opinion pieces don't alter the reality that Biden said fossil fuels would be replaced in 30 years...

Rebecca Beaulieu: "Thank you. Um, so my question is ... How can we trust that you're going to act on climate, on the climate crisis if you're still attending fundraisers that fossil fuel executives like Andy Goldman are at?" ​

​

Biden: ...... "But kiddo, I want you to just take a look, ok? You don't have to agree, but I want to look at my eyes. I guarantee you, I guarantee you, we're going to end fossil fuels and I'm not going to cooperate, ok? No, it can't be done by 2030. Before 2050, G-d willing. No, there's not one single person who's argued it could be done by then. But it can be done by 2050. It may be 2045, but as the science increases, we may be able to move more quickly. But we have to. We can fundamentally change things in the next 10 years though so that we set a path. I promise you. I promise you. Ok?"​

​

Joe Biden, 9.6.2019 (@30:00)​

What did he say at his most recent speech to Congress? Can’t recall but could have sworn he said 10. My bad?

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

 

[elektra]

It's easy to prove. The all-time high month for crude production was 402,314,000 barrels. The most recent month reported by the EIA was 392,526,000 barrels. That's just 2.4% short of the all-time high.

U.S. Field Production of Crude Oil (Thousand Barrels)

what is easy to prove, you gave an answer to a comment not made as far as I can tell

 

[laferia52]

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.

but joe said we are going green.