4 years ago in 2020 over 200 US oil producers declared bankruptcy.
The U.S. Is Pumping Oil Faster Than Ever
- Thread starter g5000
- Start date
4 years ago in 2020 over 200 US oil producers declared bankruptcy.
Lol
lower the ppb so oil companies can't afford to invest in exploration and drilling.As long as it's not within 100 miles of me.Lol
- Sep 19, 2020
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Low prices and low demand certainly cause smaller-producers to fold, but I don't see an alarming trend and the report linked below says 274 total over 7 years
Source:
- Apr 11, 2023
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We are an exporter, guys. We are in good shape.
- Sep 19, 2020
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- 9,718
- 2,138
Kamala said she wouldn't do anything differently....
www.cnbc.com
"Since Biden and Harris took office the administration has failed to hold quarterly gas lease sales as required under law."
"The administration said oil and gas companies would be able to drill in just three new areas in the Gulf between 2024 and 2029, the smallest number of lease sales offered since the federal drilling program began decades ago.
Under a new law, the government must offer leases for oil drilling before it can invite developers to build wind farms in federal waters. Producing clean electricity from wind turbines is one of President Biden’s top priorities..."
"“This restrictive offshore leasing program is the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America’s energy dominance, limiting consumers’ access to affordable, reliable energy and compromising our ability to lead on the global stage,” Mike Sommers, the president of the American Petroleum Institute, said in a statement."
www.nytimes.com
This Admin would push electric cars with Chinese parts on people, and not allow American energy companies and workers to reach their full potential.
On day one they shutdown the Keystone pipeline and told coal miners to learn how to code! Trump is a businessman and as shown by the chart above, he will put America and its citizens first.
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
"Since Biden and Harris took office the administration has failed to hold quarterly gas lease sales as required under law."
"The administration said oil and gas companies would be able to drill in just three new areas in the Gulf between 2024 and 2029, the smallest number of lease sales offered since the federal drilling program began decades ago.
Under a new law, the government must offer leases for oil drilling before it can invite developers to build wind farms in federal waters. Producing clean electricity from wind turbines is one of President Biden’s top priorities..."
"“This restrictive offshore leasing program is the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America’s energy dominance, limiting consumers’ access to affordable, reliable energy and compromising our ability to lead on the global stage,” Mike Sommers, the president of the American Petroleum Institute, said in a statement."
Biden Administration Offers Fewest Offshore Oil and Gas Leases in History (Published 2023)
A new plan to sell offshore drilling rights will be limited to three spots, all in the Gulf of Mexico.
This Admin would push electric cars with Chinese parts on people, and not allow American energy companies and workers to reach their full potential.
On day one they shutdown the Keystone pipeline and told coal miners to learn how to code! Trump is a businessman and as shown by the chart above, he will put America and its citizens first.
Last edited:
KissMy
Free Breast Exam
We are over producing so much more energy than we can consume or export that Biden has been filling the SPR for 16 months straight & prices are still falling.
Toddsterpatriot
Diamond Member
Biden has been filling the SPR for 16 months straight
June 2023, 347 million barrels, October 9, 383 million.
How much left to go? 40%?
He's just as bad at refilling the SPRF as he is at sealing the border.
They want cheap oil.
Toddsterpatriot
Diamond Member
Everyone wants cheap oil.
- Apr 11, 2023
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I want cheap oil.
$4/gal was normal in 2011-2014. Obama gave us lower prices. Biden Harris had no more to do with high prices than Trump did with the low ones he inherited.
Well the ask the oil workers to work for alot less wages. Lol lol. " work hard for less" because labor costs too much. Which of course we all know is a lie. Never has labor been too high of wage.
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