Why is Biden selling American crude oil to the Chinese?

[Independent thinker]

First, we are energy independent.

U.S. Imports & Exports

I can't speak to the mines, but the wells, well the government is not in the oil business. If those wells were profitable then they probably would not have been abandoned.

Maybe they could turn profitable again if money was put in to them that the oil companies don't want to put in. Just saying, again, if the government is going to spend money plugging them up, why don't they use that same money to open them back up? It would help make us more energy independent and help decrease American's energy costs.

 

[BlindBoo]

Let me tell you what I know, you dumbass Moon Bat.

The US was energy independent when Trump was President.

Then that piece of Chinese owned shit Potatohead stole the 2020 election and he had promised the Environmental Wacko lobby that he would shut down fossil fuel production in the US and he done everything possible to accomplish that promise. Including draining the SPR and giving his Chinese buddies our oil when the price is well over $4 a gallon at the pump. Including making sure that existing wells could not be recovered in the future. Despicable, isn't it?

You Moon Bats that voted for that peice of shit and then gloated when he stole the election are absolute morons. Shame on you assholes!

Thank you for showing off what a double dumbass dumbfuck you truly are. I appreciate it. That was great, you really have way with insults.

The US is still energy independent today and more so than under the Trumpyberra.

U.S. Imports & Exports

The US has steadily increased oil production since the late summer of 2020. Worst shut down of fossil fuel production ever. We're the leading fossil fuel producer in the world.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[Independent thinker]

To understand Potatohead doing things like this you just have to remember his promise to his Environmental Wacko buddies to stop all fossil fuel production in the US. Just one more step in America's coffin.

There is quite a good record of being able to get more oil out of previously depleted oil wells and Potatohead wanted to prevent that in the future. Very dumbass thing to do.

I was trying to get the lefties to say this but they were too chicken to say it.

 

[g5000]

Maybe they could turn profitable again if money was put in to them that the oil companies don't want to put in. Just saying, again, if the government is going to spend money plugging them up, why don't they use that same money to open them back up? It would help make us more energy independent and help decrease American's energy costs.

The oil companies have been slow walking their increase in production to maximize their profits.

They lost a lot of money, and laid off a lot of workers, during the pandemic.

The price of oil actually went negative for a while.

Oil companies are beholden to their shareholders, not the public.

One example:

Chevron raises buybacks and says exposure to Russia is limited​

Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.

 

[g5000]

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources​

By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal

 

[Independent thinker]

The oil companies have been slow walking their increase in production to maximize their profits.

They lost a lot of money, and laid off a lot of workers, during the pandemic.

The price of oil actually went negative for a while.

Oil companies are beholden to their shareholders, not the public.

One example:

Chevron raises buybacks and says exposure to Russia is limited​

Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.

What does that have to do with anything? All I said was if the government was going to spend money plugging up wells and mines, why don't they spend that same money opening some of them back up? Right now we need energy independence and cheaper energy, which could be accomplished by spending the money one way instead of the other.

 

[g5000]

Saudi Arabia produced less oil in 2021 than they did during the pandemic.

Saudi crude oil exports fell in 2021 even as OPEC+ ease output caps​

RIYADH: Saudi Arabia shipped less crude in 2021 from a year ago, even as the Kingdom is allowed to produce more oil under its agreemnt with OPEC+ countries. Saudi crude oil exports averaged 6.22 million barrels per day, which is 6.6 percent less than in 2020, data posted by the Joint...

www.arabnews.com

Saudi Crude Oil Exports Sink To 11-Year Low For 2021; Now For The Rebound​

Having dropped to the lowest in more than a decade for 2021, Saudi crude exports are

 

[g5000]

What does that have to do with anything? All I said was if the government was going to spend money plugging up wells and mines, why don't they spend that same money opening some of them back up? Right now we need energy independence and cheaper energy, which could be accomplished by spending the money one way instead of the other.

Who said the government plugged up the wells? The oil companies did. The price of oil went negative for a while, so they cut back on production.

 

[Winco]

o understand Potatohead doing things like this you just have to remember his promise to his Environmental Wacko buddies to stop all fossil fuel production in the US.

I remember the Bone Spurs promised to complete the WALL, and Mexico would pay for it.
And you clowns soaked up every word of Bone Spurs Lies.

What a shame not one Trumptard has been informed of this by their MAGA propagandists.

It's hilarious when Flash is wrong, but doubles down on blind ignorance.

He is the angriest of the old man posters that watch TV all day and repeats when his masters tell him to repeat.

 

[g5000]

venezuela also exported less than what they did during the pandemic.

Venezuela's 2021 crude output shows no growth from last year​

Average year crude production slightly below 2020 Production from JVs account for 60% of total production Iranian condensates boost output for third straight month Venezuelan state owned PDVSA and its

www.spglobal.com

Venezuelan state-owned PDVSA and its foreign joint venture partners recorded average crude oil production of 560,000 b/d in 2021, according to an internal report reviewed by S&P Global Platts.

The average year was slightly below 2020 when production averaged 570,000 b/d and the 2019 record when production was 1.01 million b/d, according to the OPEC Annual Statistical Bulletin. Also, the 2021 results were far from the target of PDVSA's recovery plan.

 

[g5000]

To understand Potatohead doing things like this you just have to remember his promise to his Environmental Wacko buddies to stop all fossil fuel production in the US. Just one more step in America's coffin.

There is quite a good record of being able to get more oil out of previously depleted oil wells and Potatohead wanted to prevent that in the future. Very dumbass thing to do.

You've been gaslighted, rube. You people keep parroting this tired bullshit. You should be asking yourselves why your propagandists have not told you this:

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.

 

[Independent thinker]

Who said the government plugged up the wells? The oil companies did. The price of oil went negative for a while, so they cut back on production.

You didn't even read the article. No one said the government plugged up the wells. The government is going to plug up the wells because the oil companies did not. It's part of their infrastructure bill. I'm saying that instead of spending that money to plug up the wells, spend the money opening them back up instead.

 

[g5000]

Things the MAGA media does not tell their gaslighted rubes:

1) US oil production increased by 30 percent in Biden's first year. It only increased by 20 percent in Trump's first year. And US oil production was at the same level when they each took office. Why does Trump hate America?

2) We are more energy independent than ever before.

3) Biden approved 34% more drilling permits in his first year than Trump did. Again, why does Trump hate America?


It just baffles the shit out of me that when the rubes are shown time and time again they are being lied to, they get right back in line to eat the manufactured bullshit from the same lying propagandists.

 

[g5000]

We are now at the same level of oil production as we were before the pandemic.

Another fact the MAGA media does not tell their rubes.

 

[BlindBoo]

Maybe they could turn profitable again if money was put in to them that the oil companies don't want to put in. Just saying, again, if the government is going to spend money plugging them up, why don't they use that same money to open them back up? It would help make us more energy independent and help decrease American's energy costs.

If the responsible oil company can't be found or has gone bankrupt, yes we as a society should plug the leak and clean up the mess. If there is seismic data that shows potential for a sale to a private business, the profits from those sales could go to mitigating the pollution, but in most cases I think there is little chance of recoverable oil from these abandoned sites or finding who is responsible. You know we are producing record amount of fossil fuel right now. Even crude oil production is at early 2019 levels. I think we have nearly a million producing wells.

 

[Winco]

The US was energy independent when Trump was President.

Where is your rebuttal to the recent news that your propagandists aren't telling you?

U.S. Energy Independence Has Grown​

Using the definition of exports minus imports, 2021 was our highest level of energy independence in history.​

What a shame not one Trumptard blasted this news. What a shame not one Trumptard has been informed of this by their MAGA propagandists.

 

[Lord Long Rod]

U.S. Energy Independence Has Grown​

Using the definition of exports minus imports, 2021 was our highest level of energy independence in history.​

What a shame not one Trumptard blasted this news. What a shame not one Trumptard has been informed of this by their MAGA propagandists.

There is really no such thing as “energy independence” in any sort of practical way. The goal is to pump a bunch of oil into the global market to keep prices low, then we buy oil off that same market. This keeps the west less susceptible to market manipulation by OPEC and catastrophic events like war and coinciding energy cost increases.

But, we need to be extracting much more oil and natural gas and putting more on the market instead of less. This means continued investment in energy production.

 

[Flash]

Thank you for showing off what a double dumbass dumbfuck you truly are. I appreciate it. That was great, you really have way with insults.

The US is still energy independent today and more so than under the Trumpyberra.

U.S. Imports & Exports

The US has steadily increased oil production since the late summer of 2020. Worst shut down of fossil fuel production ever. We're the leading fossil fuel producer in the world.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

You dumb confused Moon Bat.

The SPR is down substantially from even a year ago thanks to Potatohead draining it.

US Crude Oil in the Strategic Petroleum Reserve Stocks (Wee…

View weekly updates and historical trends for US Crude Oil in the Strategic Petroleum Reserve Stocks. Source: Energy Information Administration. Track eco…

ycharts.com

Basic Info​

US Crude Oil in the Strategic Petroleum Reserve Stocks is at a current level of 371.58M, unchanged from 371.58M last week and down from 584.83M one year ago. This is a change of 0.00% from last week and -36.46% from one year ago. Historically Biden shrinks Strategic Petroleum Reserve to lowest level since 1980s Biden's decision to tap into the reserve may have helped lower gasoline prices from their $5 highs in June. www.axios.com The Biden administration is on pace to dump millions of barrels of crude oil on the market, shrinking the nation's oil reserve to its low level since 1984. Why it matters: Biden's decision to tap into the reserve may have helped lower gasoline prices from their $5 highs in June. Context: The Biden administration hasn't been shy about authorizing oil releases. Biden announced in mid-October that he would authorize the release of more oil from the Strategic Petroleum Reserve in December as a way to bring down gas prices. He said 15 million barrels would be released as part of the 180 million barrels that had been announced earlier in 2022. Notice the sharp drop off in the graph from when you idiots let Potatohead get away with stealing the 2020 election. Just like he promised his Environmental Wacko buddies that he would do. You inbred Moon Bats were idiots voted for that shithead and then ignoring the fact he stole the 2020 election from the American people.

 

[BlindBoo]

There is really no such thing as “energy independence” in any sort of practical way. The goal is to pump a bunch of oil into the global market to keep prices low, then we buy oil off that same market. This keeps the west less susceptible to market manipulation by OPEC and catastrophic events like war and coinciding energy cost increases.

But, we need to be extracting much more oil and natural gas and putting more on the market instead of less. This means continued investment in energy production.

Sure there is. It's measure by subtracting your energy exports from your energy imports. Here's a great chart where you can see all those years where we were energy dependent. Then in Oct 2019.....

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

 

[Winco]

when you idiots let Potatohead get away with stealing the 2020 election.

Why do you believe that biden has anything to do with the planning and execution of the Fake-Stolen Election?

Biden can't walk down stairs or ramps, nor ride a bike,
yet you think he's the mastermind of your Fake-Stolen Election?


I know why........Tucker Swanson McNear Carlson told you so.