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I hope you understand that when the Feds buy up the oil, at the pump we consumers get tagged as if oil is in short supply. Biden forced up prices.
The U.S. Is Pumping Oil Faster Than Ever
- Thread starter g5000
- Start date
Moonglow
Diamond Member
$2.75 a gallon in Bentonville, Arkansas.
Toddsterpatriot
Diamond Member
I don't believe you.
He sold nearly 300 million barrels.
Is he going to refill it before he dies?
Mac-7
Diamond Member
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g5000
Diamond Member
- Nov 26, 2011
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- #745
Sorry, loser.
New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%
New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.
Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.
More fun:
U.S. Energy Independence Has Grown
Using the definition of exports minus imports, 2021 was our highest level of energy independence in history.
- Apr 11, 2023
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The admin supports it better than Trump's, obviously. His guys and gals were so third and fourth class.
Mac-7
Diamond Member
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As I said Biden gets no credit for oil production since his goal was to kill the oil industry
- Apr 11, 2023
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Knowing people know that Biden has been a much better energy President than DJT. So much better. It's beautiful.
- Sep 9, 2022
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So when Biden is being totally forced, meaning dominated by Judges who rule against him, forcing that cripple of the mind to actually approve some permits, you ignore all the damage he has done so we are supposed to kiss his royal ass? Gee why didn't I think to kiss it for him as you did here.
- Apr 11, 2023
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Biden's admin is pumping more oil than ever before. You can't change it, you can't explain it away. Your side always fails in the end. That is MAGA.
Moonglow
Diamond Member
Trump said Mexico would pay for the wall.
Tom Paine 1949
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- Mar 15, 2020
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There is no single explanation for higher gas prices in the U.S. today. Higher prices at the pump in part reflect general inflationary pressures, but blaming inflation in general — or some supposed “war on fossil fuels” — on Democrats is frankly ridiculous partisan propaganda. As the OP points out, fossil fuel production has clearly reached record levels, even while energy efficiency in the U.S. has increased, and we continue to steadily grow solar and other renewables.
In my opinion, electric cars will probably not expand here as rapidly as many once hoped, or as fast as they are doing in China, for instance, but the U.S. auto industry can’t afford to give up EVs entirely — anymore than we can give up the fight to manufacture high-end chips here.
There are so many factors involved in determining final gasoline prices at the pump that no single explanation explains it. Certainly singling out any one factor, for example “taxes,” or “futures contacts” or “speculation” or the taking of super-profits by the oil majors after COVID disruptions misses the complex reality. All these are factors of more or less importance at different times.
Another of course is Geopolitics (Ukraine War, U.S. supplying Germany expensive LNG, U.S. sanctions against Venezuela and Iran, OPEC+ Gulf oil cartel restrictions), and financial / infrastructure issues (lag time and danger in risking capital for drilling and constructing processing plants and LNG transportation terminals) All told, however, there is no “shortage” of gasoline in our country.
There are important demand fluctuations in China and India and all economies undergoing periodic expansion and contraction that commenters often neglect. The U.S. has actually rapidly reacted to higher world demand and prices with much more exporting of oil and especially LNG onto the world market, and our economy is stronger as a result. Not so the Germans, of course. They and many Europeans are stuck paying the U.S. big money for now crucial LNG imports. There are cost price issues that are also essential, as Gulf Oil remains far cheaper to pump and transport than oil from other areas, and is far cheaper as a heating or industrial fuel than U.S. LNG.
My recommendation to all of us unhappy with (hopefully temporary) high prices at the pump: tighten your belt, drive less, buy a more efficient vehicle if you can. In the long run, short of major war or geopolitical catastrophe, the “real” price, efficiency and varieties of power and energy should decline.
If you are a real die-hard “America First” believer … show some courage and get out there and agitate. Tell your MAGA party leaders to pass a law to stop exporting LNG or processed petroleum products. Keep our precious resources at home!
See how far that gets you …
In my opinion, electric cars will probably not expand here as rapidly as many once hoped, or as fast as they are doing in China, for instance, but the U.S. auto industry can’t afford to give up EVs entirely — anymore than we can give up the fight to manufacture high-end chips here.
There are so many factors involved in determining final gasoline prices at the pump that no single explanation explains it. Certainly singling out any one factor, for example “taxes,” or “futures contacts” or “speculation” or the taking of super-profits by the oil majors after COVID disruptions misses the complex reality. All these are factors of more or less importance at different times.
Another of course is Geopolitics (Ukraine War, U.S. supplying Germany expensive LNG, U.S. sanctions against Venezuela and Iran, OPEC+ Gulf oil cartel restrictions), and financial / infrastructure issues (lag time and danger in risking capital for drilling and constructing processing plants and LNG transportation terminals) All told, however, there is no “shortage” of gasoline in our country.
There are important demand fluctuations in China and India and all economies undergoing periodic expansion and contraction that commenters often neglect. The U.S. has actually rapidly reacted to higher world demand and prices with much more exporting of oil and especially LNG onto the world market, and our economy is stronger as a result. Not so the Germans, of course. They and many Europeans are stuck paying the U.S. big money for now crucial LNG imports. There are cost price issues that are also essential, as Gulf Oil remains far cheaper to pump and transport than oil from other areas, and is far cheaper as a heating or industrial fuel than U.S. LNG.
My recommendation to all of us unhappy with (hopefully temporary) high prices at the pump: tighten your belt, drive less, buy a more efficient vehicle if you can. In the long run, short of major war or geopolitical catastrophe, the “real” price, efficiency and varieties of power and energy should decline.
If you are a real die-hard “America First” believer … show some courage and get out there and agitate. Tell your MAGA party leaders to pass a law to stop exporting LNG or processed petroleum products. Keep our precious resources at home!
See how far that gets you …
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g5000
Diamond Member
- Nov 26, 2011
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- Thread starter
- #753
And yet he trounced Trump's achievement. He allowed more permits and oil production is the highest ever, and we are more energy independent than ever.
Sorry that makes your ass hurt.
You think no one notices your hypocrisy of blaming Biden for oil production out of one side of your mouth and refusing credit for oil production out of the other side of your mouth?
I honestly don't know how you stand the stench of your own hypocrisy.
KissMy
Free Breast Exam
You Lie!
Biden has replenished 4,516,000 barrels of oil into the SPR over the last 4 months now, yet Gasoline Prices at the pump have been dropping for the last 3 months!
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Mac-7
Diamond Member
- Oct 9, 2019
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Biden gets no credit since he did nothing to earn it
- Sep 9, 2022
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You lie. I paid $3.79 several days ago for regular. This proves Biden has not helped us.
- Sep 9, 2022
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Your signature line is a lie. Trump did say in his business he is the king of debt, but he NEVER said he would bankrupt the country.
- Sep 9, 2022
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One problem. We do not all live in Houston.
Here the cheapest gas costs $3.79 per gallon.
- Sep 9, 2022
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$3.79 here in Idaho and I checked where I lived in CA and there regular gas sells for $4.79.
If we all lived in Arkansas, that might be wonderful. But we do not all live where gas prices are low.
Warm Springs Gas - 47700 Warm Springs Blvd - Fremont, CA - GasBuddy.com
Warm Springs Gas in Fremont, CA. Carries Regular, Midgrade, Premium. Has Offers Cash Discount, Propane, C-Store, Pay At Pump, Restrooms, Air Pump, ATM. Check current gas prices and read customer reviews. Rated 3.7 out of 5 stars.
www.gasbuddy.com
KissMy
Free Breast Exam
Trump: “I would borrow, knowing that if the economy crashed, you could make a deal” = I will bankrupt the country.
Trump: “This is the United States government. First of all, you never have to default because you print the money." = I will bankrupt the country.
The only thing backing the US Dollar is the "full faith and credit of the federal government" Like all republicans Trump tried to destroy the government with more debt, printing money, denouncing free & fair elections & attempting a insurrection at the US capital.
Any time a republican doesn't cut spending before uttering the words tax cut, they are saying they want more debt, money printing & inflation.
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