easyt65
Diamond Member
- Aug 4, 2015
- 90,307
- 61,233
- 2,645
JANUARY 20, 2021
KEYSTONE PIPELINE APPROVAL REVOKED
Biden revoked approval for the Keystone XL pipeline and impose a moratorium on oil and gas leasing on federal lands and waters. Roughly 25% of U.S. production comes from federal areas. The Keystone XL cancellation confirmed to many policy-watchers Biden’s willingness to use one of climate activists’ favorite tactics – blocking "midstream" pipelines – to restrict "upstream" production. The moves were part of Biden’s broader climate agenda and target to reduce U.S. greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050.
Revoking the pipeline immediately put oil industry, pelipeline industry, pipeline manufacturing, and support job (lodging, restaurant, etc...) personnel out of work.
FEBRUARY 26, 2022
BIDEN INCREASES 'SOCIAL COST OF GREENHOUSE GAS EMISSIONS' - 7 TIMES HIGHER THAN TRUMP'S
Biden updates the "social cost of greenhouse gas emissions," dramatically altering the way the U.S. government calculates the real-world costs of climate change. The move could reshape a range of consequences, from whether to allow new fossil fuel leasing on federal lands and waters to what sort of steel is used in taxpayer-funded infrastructure projects.
This would apply to any new oil and gas lease sale, raising producers’ costs to deliver new supplies.
JUNE 01, 2021
Biden proposed eliminating a slew of tax benefits for oil, gas and coal producers in favor of electric vehicles and other low-carbon energy alternatives as part of his $6 trillion budget for the next fiscal year. It proposed repealing: the pass-through exemption from corporate income tax for partnerships that derive at least 90% of gross income from natural resources; use of percentage depletion for oil and gas wells; expensing of intangible drilling costs; capital gains treatment for royalties; enhanced oil recovery credit
Eliminating these tax provisions imperils U.S. energy security by raising costs for domestic producers and would increase America’s reliance on foreign energy supplies.
AUGUST 11, 2021
Biden calls on OPEC+ producers to increase supply to help curb rising oil prices, even though the U.S. is one of the three largest producers in the world and can deliver supply with a lower carbon footprint than most unregulated national oil companies in the cartel.
October 29, 2021:
Biden and Democrats propose a "methane fee" in the proposed budget bill. The fee would start at $900 per ton in 2023 and increase to $1,500 in 2025.... the fee structure would effectively serve as a tax on natural gas production, which is counterproductive to energy security and economic growth in the U.S.
November 17, 2021:
Biden sent a letter to Federal Trade Commission Chair Lina Khan encouraging an investigation into oil and gas companies and retail gasoline prices.
This is the 2nd time in 4 months Biden requests this. proving he has no clue what he is doing but is seeking answers while trying to use oil companies as scapegoats.
March 12, 2022:
Congressional Democrats propose to tax top U.S. oil producers and importers and direct the collected money to Americans, an effort they said will curb profiteering in an era of high gasoline prices. The "windfall profit" legislation would put a 50% tax, charged for a barrel, on the price difference between the current cost of a barrel of oil and the average cost for a barrel between 2015 and 2019.
The measure proposed by Biden’s Democratic party completely ignores the reality that oil prices are set in a global commodity marketplace, not by individual companies.
March 21, 2022:
Biden’s Securities and Exchange Commission (SEC) proposes landmark climate rules.
The move is designed to divert investment away from fossil fuel producers, even though investors are already planning for the energy transition using their own environmental, social and governance (ESG) standards.
Biden's policies have been a failed disaster, from stopping energy production at home to draining our emergency gas and diesel reserves to begging our enemiesvfor oil (which we have an abundance of) to hos latest gas tax 'holiday' 'gimmick'.
All the while President Joe 'The Buck Stops Here' Biden has been blaming everyone and everything but his own failures for the problems he has created/ exacerbated.
www.foxbusiness.com
KEYSTONE PIPELINE APPROVAL REVOKED
Biden revoked approval for the Keystone XL pipeline and impose a moratorium on oil and gas leasing on federal lands and waters. Roughly 25% of U.S. production comes from federal areas. The Keystone XL cancellation confirmed to many policy-watchers Biden’s willingness to use one of climate activists’ favorite tactics – blocking "midstream" pipelines – to restrict "upstream" production. The moves were part of Biden’s broader climate agenda and target to reduce U.S. greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050.
Revoking the pipeline immediately put oil industry, pelipeline industry, pipeline manufacturing, and support job (lodging, restaurant, etc...) personnel out of work.
FEBRUARY 26, 2022
BIDEN INCREASES 'SOCIAL COST OF GREENHOUSE GAS EMISSIONS' - 7 TIMES HIGHER THAN TRUMP'S
Biden updates the "social cost of greenhouse gas emissions," dramatically altering the way the U.S. government calculates the real-world costs of climate change. The move could reshape a range of consequences, from whether to allow new fossil fuel leasing on federal lands and waters to what sort of steel is used in taxpayer-funded infrastructure projects.
This would apply to any new oil and gas lease sale, raising producers’ costs to deliver new supplies.
JUNE 01, 2021
Biden proposed eliminating a slew of tax benefits for oil, gas and coal producers in favor of electric vehicles and other low-carbon energy alternatives as part of his $6 trillion budget for the next fiscal year. It proposed repealing: the pass-through exemption from corporate income tax for partnerships that derive at least 90% of gross income from natural resources; use of percentage depletion for oil and gas wells; expensing of intangible drilling costs; capital gains treatment for royalties; enhanced oil recovery credit
Eliminating these tax provisions imperils U.S. energy security by raising costs for domestic producers and would increase America’s reliance on foreign energy supplies.
AUGUST 11, 2021
Biden calls on OPEC+ producers to increase supply to help curb rising oil prices, even though the U.S. is one of the three largest producers in the world and can deliver supply with a lower carbon footprint than most unregulated national oil companies in the cartel.
October 29, 2021:
Biden and Democrats propose a "methane fee" in the proposed budget bill. The fee would start at $900 per ton in 2023 and increase to $1,500 in 2025.... the fee structure would effectively serve as a tax on natural gas production, which is counterproductive to energy security and economic growth in the U.S.
November 17, 2021:
Biden sent a letter to Federal Trade Commission Chair Lina Khan encouraging an investigation into oil and gas companies and retail gasoline prices.
This is the 2nd time in 4 months Biden requests this. proving he has no clue what he is doing but is seeking answers while trying to use oil companies as scapegoats.
March 12, 2022:
Congressional Democrats propose to tax top U.S. oil producers and importers and direct the collected money to Americans, an effort they said will curb profiteering in an era of high gasoline prices. The "windfall profit" legislation would put a 50% tax, charged for a barrel, on the price difference between the current cost of a barrel of oil and the average cost for a barrel between 2015 and 2019.
The measure proposed by Biden’s Democratic party completely ignores the reality that oil prices are set in a global commodity marketplace, not by individual companies.
March 21, 2022:
Biden’s Securities and Exchange Commission (SEC) proposes landmark climate rules.
The move is designed to divert investment away from fossil fuel producers, even though investors are already planning for the energy transition using their own environmental, social and governance (ESG) standards.
Biden's policies have been a failed disaster, from stopping energy production at home to draining our emergency gas and diesel reserves to begging our enemiesvfor oil (which we have an abundance of) to hos latest gas tax 'holiday' 'gimmick'.
All the while President Joe 'The Buck Stops Here' Biden has been blaming everyone and everything but his own failures for the problems he has created/ exacerbated.
A timeline of Biden's actions on oil and gas reveal where his priorities are
The Biden administration's actions are speaking louder than words when it comes to domestic oil production.
www.foxbusiness.com
