A business process for raising prices for you as evidently you have NO idea why prices increase.
Let's pretend you are the CEO for a major oil refinery company like this guy and read what he said..
Biden said ""I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM
The CEO of Chevron, Mike Wirth's said...""
"You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, ‘We don’t want these products.’”
The CEO says the cost of capital to build new refineries costing more..(raising gas prices!)
“Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces,” says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management.
So what did Biden do to overcome this immediate cost of gas?
These are the world's largest banks that are increasing and decreasing their fossil fuel financing
The largest banks have collectively financed $3.8 trillion in fossil fuel companies since the Paris Agreement, according to the Banking on Climate Chaos report.www.cnbc.com
A) Raised the royalty rate oil companies pay for leases on Federal lands (24% of fossil fuels from federal land)...The royalty rate for new leases will increase to 18.75% from 12.5%. A 50% jump.
Biden increases oil royalty rate and scales back lease sales on federal lands
The U.S. government will sharply boost royalty rates for companies as federal officials weigh efforts to fight climate change against pressure to bring down high gasoline prices.www.npr.org
B) Biden's suspends oil and gas leasing in slew of executive actions on climate change
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.
So what happened?
Cost of gasoline
In 2023, U.S. motor gasoline consumption- 376 million gallons/day or 137,240,000,000 gallons / year
Mind you this is JUST gas used by the American individual drivers...not trucks, etc!
- Gallon gas in 2023 $3.47 under Biden or annually $476,222,800,000
- Gallon gas in 2020 $2.26 under Trump or annually 310,162,400,000
- 54% over 3 years cost of gas or Increase of $166,060,400,000
View attachment 974220
So what I wrote about the CEO of Chevron and the investment bankers position on "fossil fuels" had no bearing on the price of gas going up nearly 54% in 3 years?
www.cnbc.com
www.npr.org
www.cnbc.com
Russian sanction by Biden meant this in reality!
www.nbcnews.com
Very little. Most US production comes from private lands with lower lifting costs - Permian / Anadarko shale regions, and the Dakotas.
how was 2021-2023 impacted by Russian sanctions? FACTS because the only sanction was
www.nbcnews.com
Not from bullets.
A business process for raising prices for you as evidently you have NO idea why prices increase.
Let's pretend you are the CEO for a major oil refinery company like this guy and read what he said..
Biden said ""I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM
The CEO of Chevron, Mike Wirth's said...""
"You’re looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, ‘We don’t want these products.’”
The CEO says the cost of capital to build new refineries costing more..(raising gas prices!)
“Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces,” says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management.
So what did Biden do to overcome this immediate cost of gas?These are the world's largest banks that are increasing and decreasing their fossil fuel financing
The largest banks have collectively financed $3.8 trillion in fossil fuel companies since the Paris Agreement, according to the Banking on Climate Chaos report.
A) Raised the royalty rate oil companies pay for leases on Federal lands (24% of fossil fuels from federal land)...The royalty rate for new leases will increase to 18.75% from 12.5%. A 50% jump.
Biden increases oil royalty rate and scales back lease sales on federal lands
The U.S. government will sharply boost royalty rates for companies as federal officials weigh efforts to fight climate change against pressure to bring down high gasoline prices.
B) Biden's suspends oil and gas leasing in slew of executive actions on climate change
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.
So what happened?
Cost of gasoline
In 2023, U.S. motor gasoline consumption- 376 million gallons/day or 137,240,000,000 gallons / year
Mind you this is JUST gas used by the American individual drivers...not trucks, etc!
- Gallon gas in 2023 $3.47 under Biden or annually $476,222,800,000
- Gallon gas in 2020 $2.26 under Trump or annually 310,162,400,000
- 54% over 3 years cost of gas or Increase of $166,060,400,000
View attachment 974220
how was 2021-2023 impacted by Russian sanctions? FACTS because the only sanction was
importing just 8% of the US IMPORTS of oil by the USA from Russia.
FACTS not guesses!
Russian crude oil and petroleum product exports to the U.S. represent 8 percent of all Russia's imported oil and less than 2 percent of the U.S. total supply
The Data Point: Russia, one of the top oil exporters to the U.S., still represents a drop in the U.S. oil supply
Russian oil makes up 8 percent of U.S. oil imports. In most European countries, that number is much higher.
So what I wrote about the CEO of Chevron and the investment bankers position on "fossil fuels" had no bearing on the price of gas going up nearly 54% in 3 years?
By the way, exactly how much did Russian sanctions INCREASE gas cost and where is your proof by the way?
Biden tells the world: "I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019,
Getting lenders to choke off money to fossil fuel companies is the next needed move for the industry to address the material risks that the coal, oil and gas industry faces,” says Leslie Samuelrich, president at investment advisory firm Green Century Capital Management.
These are the world's largest banks that are increasing and decreasing their fossil fuel financing
The largest banks have collectively financed $3.8 trillion in fossil fuel companies since the Paris Agreement, according to the Banking on Climate Chaos report.
Gallon gas in 2023 $3.47 under Biden or annually $476,222,800,000
Gallon gas in 2020 $2.26 under Trump or annually 310,162,400,000
54% over 3 years cost of gas or Increase of $166,060,400,000
FACTORS that caused gas prices to increase over 54%!
A) Biden raised the royalty rate oil companies pay for leases on Federal lands (24% of fossil fuels from federal land)...The royalty rate for new leases will increase to 18.75% from 12.5%. A 50% jump.
B) Biden's cancelled Biden suspends oil and gas leasing in slew of executive actions on climate changeBiden increases oil royalty rate and scales back lease sales on federal lands
The U.S. government will sharply boost royalty rates for companies as federal officials weigh efforts to fight climate change against pressure to bring down high gasoline prices.
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.
You are an idiot. Oil and oil prices are fungible. Limitations on Russian sales increase the price for everyone.how was 2021-2023 impacted by Russian sanctions? FACTS because the only sanction was
importing just 8% of the US IMPORTS of oil by the USA from Russia.
FACTS not guesses!
Russian crude oil and petroleum product exports to the U.S. represent 8 percent of all Russia's imported oil and less than 2 percent of the U.S. total supply
The Data Point: Russia, one of the top oil exporters to the U.S., still represents a drop in the U.S. oil supply
Russian oil makes up 8 percent of U.S. oil imports. In most European countries, that number is much higher.
"Fungible"....hmmm..
As noted you are an idiot. The above items are products of oil (or gas, which makes you even more of an idiot).
I think you totally misunderstood my point!
www.fcapgroup.com
Blah blah. That didn't drive the price of oil. Thats a result of the price of oil. Oil is impacted by global supply and demand. US supply is higher than under Trump. However, TOTAL GLOBAL supply is lower relative to demand post covid due to OPEC+ and the Russian sanctions.I think you totally misunderstood my point!
Different grades of oil is not the point! Biden told the world he guarantees to rid fossil fuels!
But Biden like you are totally evidently ignorant that almost half of a barrel of oil IS NOT used for fuel!
Asphalt use oil.
Tires use oil. 6,000 items use oil. As a consequence when the dummy guarantees to rid fossil OIL...fuels.... this MEANS asphalt prices go up! increased from $330 to $530 a liquid ton
A 60% increase! Adding to inflation.High Oil Prices Drive Up Cost of Paving Projects - FCAP
High Oil Prices Drive Up Cost of Paving Projects By Rodger Rowles / Published March 2022 Photo by iStockphoto.com/Petmal Increases tied to changes for liquid asphalt, which is a key component in blacktop, are up more than 60 percent from four years ago (2017). The price has increased from $330...
Or how about tires?
Tire prices are going up into 2024 because of supply issues and higher materials costs.
Up by a 30% tire price increase since last year (2023), global tire manufacturers giants, such as Continental, Toyo, Goodyear, Michelin, Falken, Bridgestone, Yokohama, Pirelli, and a majority of tire brands are taking the punch.
I know, I know... FACTS are hard to handle especially with an 8.5 second attention span that obviously you have. WE are talking about how Biden "GUARANTEED" to rid fossil fuels), i.e. oil! So if the oil companies have trouble getting financing to do exploration, refining, etc., WHAT can they do but raise their prices NOW to get the investments, to build the refineries.
Too bad you don't have any comprehension of the facts... so sad!
www.heritage.org
You are still an idiot. Rig rates are three times Trump's. Loser.The blah, blah are details that evidently your 8.5 second attention span seems to ignore! As a result the below facts... aren't for you as your attention span is already been used! This is for people that understand that when comments like me HAVE links... it's not my opinion, but experts!
In reality, gasoline prices increased 48% from Inauguration Day 2021 to the week before Russia invaded Ukraine, and diesel prices increased 49%. The national gasoline price in 2021 averaged $3 a gallon. Gasoline prices today are now averaging above $5, nearly 20 years “ahead of schedule".
To date, Biden is the only president in modern history not to have held a single oil and gas lease sale on federal lands despite clear direction from Congress to do so quarterly.
Timelines to approve permits to drill on already leased land ballooned from the Trump administration’s best average of 108 days in 2019 to 182 days under the Biden administration, and scores of permits are now being held up by litigation initiated by extreme environmental groups allied with the White House.
For example, U.S. crude oil production in 2021 during Biden’s first year in office was 9% below 2019 levels and, incredibly, even below 2020 levels when the worst of the pandemic shock took place. Where the 2020 outlook anticipated production of 13.2 million barrels per day in 2021, reality was 11.2 million barrels per day.
View attachment 974524Biden’s Radical, Anti-Fossil Fuel Energy Policy Costs Americans Dearly
There’s a popular genre of fiction books and TV programs that explore what the world might have been like if history had taken a different twist. What if Julius Caesar never crossed the Rubicon? What if Napoleon won at Waterloo? What if the Allies lost the Great War? And what might gasoline...
no facts!
Baker Hughes rig count.
