What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Timeline Of Biden's Energy Policy Failure Leading To Gas Prices Doubling

easyt65

Diamond Member
Joined
Aug 4, 2015
Messages
85,332
Reaction score
53,323
Points
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.


 

1srelluc

Diamond Member
Joined
Nov 21, 2021
Messages
20,474
Reaction score
27,759
Points
2,288
Location
Shenandoah Valley of Virginia
What, no charts-n-graphs?

You know the dems will come up with charts-n-graphs.....I think they use the same ones and just change the header to whatever fits the situation. ;)
 

HandleTheTruth

Platinum Member
Joined
Apr 26, 2022
Messages
3,547
Reaction score
1,938
Points
903
US oil drilling has tripled since Biden took over & production is up over 2.3/mbpd to 12/mbpd & rising.
Don't fuck up a good lie. That's all he does and if you get him fired he won't be able to fix trump jet airplane.
 

imawhosure

Platinum Member
Joined
Apr 25, 2015
Messages
9,011
Reaction score
2,634
Points
360
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.



Thnx for the timeline. Most people do not know what measures the Biden team has done to screw America, they just listen to the back and forth and draw conclusions. Americans with any sense, might not favorably look upon what he has done, but if they see fuel prices as to high, they certainly want to know why he hasn't reversed course on many of these issues.

This is exactly why whenever a Leftists puts up some lame reasoning, it is really the old Wizard of Oz routine; don't look behind the curtain, look over here!
 

HandleTheTruth

Platinum Member
Joined
Apr 26, 2022
Messages
3,547
Reaction score
1,938
Points
903
US oil drilling has tripled since Biden took over & production is up over 2.3/mbpd to 12/mbpd & rising.
Thanks for the facts. Republicans don't do that any more. They go by how they feel about something instead of the fact american oil production has tripled under Biden.
 

JoeMoma

Platinum Member
Joined
Nov 22, 2014
Messages
21,740
Reaction score
9,360
Points
950
Thanks for the facts. Republicans don't do that any more. They go by how they feel about something instead of the fact american oil production has tripled under Biden.
American oil production has tripled under Biden? Got a link for that?
 

Winston

Platinum Member
Joined
Dec 29, 2016
Messages
5,503
Reaction score
2,796
Points
940
Location
North Carolina
One of Biden’s first actions was to revoke approval for the Keystone XL pipeline and impose a moratorium on oil and gas leasing on federal lands and waters.

Keystone had nothing to do with supply or domestic production. It was on its death bed before Biden pulled the permit. Had it been completed it would not have decreased gas prices, it would have increased them as refineries switched to diesel production for export and away from gasoline production for domestic use. That was the purpose of the pipeline all along, diesel for export and on the initial application Transcanada openly stated that completion should result in a $3 per barrel increase in the price of oil.

The moratorium never happened, and I don't know why we have to keep hearing about it. A federal judge blocked it and the Biden administration has continued to hold auctions for leases on public lands and waters.

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.

This was simply a return to the Obama era numbers. It was Trump that "dramatically altered" the calculus, and to what effect? By the end of the year domestic oil production will be higher than at any point during the Trump administration. Trumps severe reduction in the social cost factor was simply a gift to the oil industry that facilitated record profits and did not stimulate the drilling of a single additional well.

Biden proposed eliminating a slew of tax benefits

"Proposed"--did any of those proposals actually pass?

Biden calls on OPEC+ producers to increase supply to help curb rising oil prices,

U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity.


Biden and Democrats propose a "methane fee" in the proposed budget bill.

There is that word "propose" again.

Biden sent a letter to Federal Trade Commission Chair Lina Khan encouraging an investigation into oil and gas companies and retail gasoline prices.

FOX really reveals their bias here,

gasoline prices are set in a global commodity marketplace and were only following market trends in crude and refined product prices. The surge in crude oil and gasoline prices reflects tightness in supply amid a rapid demand recovery from the Covid-19 pandemic.

While making excuses for the oil companies they have actually resolved Biden of any responsibility, it is tightness in supply, not Biden's regulatory proposals, not Keystone, not even CO2 assessments. But they also lie, gasoline prices are way out of line of "market trends" when it comes to the relationship between gas and the price of crude. The very reason Biden has called for an investigation.
 

Woodznutz

Gold Member
Joined
Dec 9, 2021
Messages
7,574
Reaction score
3,327
Points
208
One of Biden’s first actions was to revoke approval for the Keystone XL pipeline and impose a moratorium on oil and gas leasing on federal lands and waters.

Keystone had nothing to do with supply or domestic production. It was on its death bed before Biden pulled the permit. Had it been completed it would not have decreased gas prices, it would have increased them as refineries switched to diesel production for export and away from gasoline production for domestic use. That was the purpose of the pipeline all along, diesel for export and on the initial application Transcanada openly stated that completion should result in a $3 per barrel increase in the price of oil.

The moratorium never happened, and I don't know why we have to keep hearing about it. A federal judge blocked it and the Biden administration has continued to hold auctions for leases on public lands and waters.

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.

This was simply a return to the Obama era numbers. It was Trump that "dramatically altered" the calculus, and to what effect? By the end of the year domestic oil production will be higher than at any point during the Trump administration. Trumps severe reduction in the social cost factor was simply a gift to the oil industry that facilitated record profits and did not stimulate the drilling of a single additional well.

Biden proposed eliminating a slew of tax benefits

"Proposed"--did any of those proposals actually pass?

Biden calls on OPEC+ producers to increase supply to help curb rising oil prices,

U.S. President Donald Trump on Thursday called for the Organization of the Petroleum Exporting Countries (OPEC) to boost oil production to lower the price of the commodity.


Biden and Democrats propose a "methane fee" in the proposed budget bill.

There is that word "propose" again.

Biden sent a letter to Federal Trade Commission Chair Lina Khan encouraging an investigation into oil and gas companies and retail gasoline prices.

FOX really reveals their bias here,

gasoline prices are set in a global commodity marketplace and were only following market trends in crude and refined product prices. The surge in crude oil and gasoline prices reflects tightness in supply amid a rapid demand recovery from the Covid-19 pandemic.

While making excuses for the oil companies they have actually resolved Biden of any responsibility, it is tightness in supply, not Biden's regulatory proposals, not Keystone, not even CO2 assessments. But they also lie, gasoline prices are way out of line of "market trends" when it comes to the relationship between gas and the price of crude. The very reason Biden has called for an investigation.
If this is true Biden should articulate it better to the people.
 

DigitalDrifter

Diamond Member
Joined
Feb 22, 2013
Messages
42,194
Reaction score
18,964
Points
2,290
Location
Oregon
Here's the kind of crap you get with Dimocrats. Don't tell me their constant war against the oil industry isn't affecting prices!


Democratic bill would force Fed to defund fossil fuels​



Three progressive House Democrats introduced a bill Wednesday that would force the Federal Reserve to break up banks if they do not reduce the carbon emissions they finance in line with the Paris climate accord.

The bill, called the Fossil Free Finance Act, orders the Fed to take unprecedented steps meant to steer financial support away from oil, gas, coal and companies by unraveling banks who refuse to comply. The measure also covers financing the destruction of natural forests.


 

Winston

Platinum Member
Joined
Dec 29, 2016
Messages
5,503
Reaction score
2,796
Points
940
Location
North Carolina
Here's the kind of crap you get with Dimocrats. Don't tell me their constant war against the oil industry isn't affecting prices!


Democratic bill would force Fed to defund fossil fuels​






Oh please, that bill is going absolutely no where. Oil executives are more worried about keeping their lawns green than any concerns of a bill that will die in committee and never come to a House vote.
 

DigitalDrifter

Diamond Member
Joined
Feb 22, 2013
Messages
42,194
Reaction score
18,964
Points
2,290
Location
Oregon
Oh please, that bill is going absolutely no where. Oil executives are more worried about keeping their lawns green than any concerns of a bill that will die in committee and never come to a House vote.

It's not going anywhere for now, and it's the kind of anti-fossil fuel rhetoric that we constantly hear from the Dimocrat party, which has made it clear they want to see an end to the industry.
 

Winston

Platinum Member
Joined
Dec 29, 2016
Messages
5,503
Reaction score
2,796
Points
940
Location
North Carolina
It's not going anywhere for now, and it's the kind of anti-fossil fuel rhetoric that we constantly hear from the Dimocrat party, which has made it clear they want to see an end to the industry.
Oh horseshit. So, the Republican party stands against Jewish space lasers? I mean that is the kind of antisemitic tropes we hear from the Rinocrat party all the time, right?

Come on, a couple of crazy ass progressive no more define the Democrat party than a couple of crazy ass Trumpnuts define the Republican party. The Democrat party has already said they are opposed to banning the export of crude and refined products, a reasonable and prudent measure that would immediately alleviate pressure at the pump and lower diesel by at least 25%.

The oil companies own Washington, they can just suck more out of the Republicans because Republicans don't give two shits about the environment or the health of their constituents, as indicated by their opposition to the ACA.
 

DigitalDrifter

Diamond Member
Joined
Feb 22, 2013
Messages
42,194
Reaction score
18,964
Points
2,290
Location
Oregon
Oh horseshit. So, the Republican party stands against Jewish space lasers? I mean that is the kind of antisemitic tropes we hear from the Rinocrat party all the time, right?

Come on, a couple of crazy ass progressive no more define the Democrat party than a couple of crazy ass Trumpnuts define the Republican party. The Democrat party has already said they are opposed to banning the export of crude and refined products, a reasonable and prudent measure that would immediately alleviate pressure at the pump and lower diesel by at least 25%.

The oil companies own Washington, they can just suck more out of the Republicans because Republicans don't give two shits about the environment or the health of their constituents, as indicated by their opposition to the ACA.

Is Biden crazy too then, because we constantly hear the anti-fossil fuel crap from him as well.


White House says Biden still working to end fossil fuels: 'You can do both'​



The White House said on Thursday it is still working to end reliance on fossil fuels despite high gas prices crimping paychecks and fueling inflation to a 41-year high.

President Joe Biden has a stated goal of cutting economywide emissions 50%-52% by 2030 by reducing the use of fossil fuels and promoting green energy sources such as wind and solar. He also wants to see half of all new vehicles sold running solely on electricity by that date.

 

DigitalDrifter

Diamond Member
Joined
Feb 22, 2013
Messages
42,194
Reaction score
18,964
Points
2,290
Location
Oregon

KissMy

Free Breast Exam
Joined
Oct 10, 2009
Messages
19,035
Reaction score
5,220
Points
255
Location
In your head
American oil production has tripled under Biden? Got a link for that?
Since Biden was elected, active US oil drilling rigs have tripled from 251 to 753
Rig Count .png

US oil production is up over 2.4mb/d to 12.1mb/d & rising
us oil production.png
 
Last edited:

berg80

Platinum Member
Joined
Oct 28, 2017
Messages
10,329
Reaction score
6,919
Points
970

12/01/21, a barrel of WTI crude closes at $66.50.
02/25/22, a barrel of WTI crude closes at $91.59 having risen steadily from 12/21 due to the belief Putin will invade Ukraine.
03/07/22, a barrel of WTI crude closes at $123.70 as a result of the invasion.

Proving once again the bit of propaganda from Faux is horseshit being peddled to weak minded simps in order to falsely claim the price of oil, set on the world market, is Biden's fault.

Myth 3: Biden killed oil production​

Fox News has been arguing that Biden’s so-called extremist green agenda is the real problem. In March, Republicans on the Senate Natural Resources Committee sent a letter to Biden claiming that he has shut down leasing for oil and gas and is holding back more production. “There has not been one lease sale on federal lands since you imposed a ban in violation of federal law,” the letter said. “No other major oil-producing nation shuts off its own reserves to production.” Sen. Joe Manchin (D-WV) echoed the myth at a hearing: “The time for leasing pauses has come & gone.”

To repeat it again: Biden has done nothing to halt oil leasing. In fact, the Biden administration has outpaced Trump in issuing drilling permits on public lands and water in its first year, according to federal data analyzed by the Center for Biological Diversity. His administration set a record for the largest offshore lease sale ever in the Gulf of Mexico last year, before a federal court blocked the lease sale for not considering climate impacts.

These canceled leases, and even a temporary pause on new federal leases in the first few months of Biden’s administration wouldn’t have helped in the current situation. Even if a lease sale is successful and finalized, it would take years to ramp up production. The marginal Biden measures — like reversing Trump-era environmental rollbacks — haven’t made any kind of dent in the global oil market.

“The constraints are within the industry itself, and have very little to do with any policies from the federal government,” Ori said. Oil companies are having other issues, too, such as accessing the labor and materials like steel needed for putting pipes in the ground.

Meanwhile, the president has done nothing to prevent the vast amount of gas production that occurs on private lands or halt existing oil leases on federal lands. The moratorium is now irrelevant, anyway, because a Louisiana federal judge ruled against it last June. (There’s a second, temporary pause on new lease sales because another court invalidated the administration’s use of a social cost of carbon.) The US also became the world’s largest exporter of liquified natural gas (LNG) for the first time in 2021.

Republican critics of Biden aren’t engaging with the consequences of their own ideology. “There’s an irony here: We’re seeing many people with strong pro-free market ideologies expecting politicians to intervene when markets don’t produce the results they like,” Clark Williams-Derry, a researcher at the Institute for Energy Economics and Financial Analysis said. “Perhaps what they’re really in favor of, then, isn’t free markets, it’s simply cheap gas.”


 

💲 Amazon Deals 💲

Forum List

Top