You're going to believe the right wing line and ignore everything else. I expect that.
Regular partisan stuff.
Explain to me how the following experts are making up "right wing line"?
What was true when Biden said this:
"
I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM
And then Biden does this 7 days after taking office.
Biden suspends oil and gas leasing in slew of executive actions on climate change
UPDATED WED, JAN 27 20212:12 PM EST
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
So again... folks...
Biden guaranteed to get rid of fossil fuels... which includes oil... and therefore GASoline!
He guarantees to remove 24% of oil production by terminating oil exploration leases on Federal Land.
Proof: The Truth: Oil production from federal lands and waters provides approximately
24% of total U.S. oil production.
The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.
www.api.org
FACT:
The Biden administration will cancel oil leases sold by the Trump administration in an Alaskan wildlife refuge and block new drilling in millions of acres
https://www.politico.com/news/2023/...ling-leases-in-alaskan-nature-refuge-00114243
And to further cause oil companies to charge more for gas...
Biden increases oil royalty rate and scales back lease sales on federal lands
The royalty rate for new leases will increase to 18.75% from 12.5%.
That's a
50% jump and marks the first increase to royalties for the federal government since they were imposed in the 1920s.
https://www.npr.org/2022/04/16/1093195479/biden-federal-oil-leases-royalties
Again folks I'm not making up these exact words! NPR is!
So if 24% of oil production comes from Federal lands that are being reduced and charging 50% more in royalties...
DUH!!!!! Dummies! Why don't you comprehend that the OIL companies now:
1) Have to pay MORE in royalties to NON-federal landholders.
2) Raise the prices because of
a) FACTS:
THESE ARE STATEMENTS FROM THE OIL INDUSTRY!
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.’”
but investment banks and fund managers are growing more wary of fossil fuels after pumping more than $2.7 trillion into financing fossil fuel, exploration, production, and infrastructure in the five years since the signing of the Paris Climate Agreement, according to data compiled by the Rainforest Action Network and other advocacy organizations.
Financial support for fossil fuel projects has waned for both environmental and financial reasons. The return on investment of carbon-intensive fuels is no longer the guarantee it once was.
Even as Earth's climate has warmed, years of lackluster profits have cooled the investment climate for oil and gas producers.
yaleclimateconnections.org
AGAIN and AGAIN... I don't put up guesses! I substantiate and you idiots that claim
"right wing line", please prove
the above FACTS as wrong!
Biden guaranteed to rid fossil fuels.
Oil companies and investment firms believe him!
HENCE after eliminating 24% of producing Federal land exploration from future exploration due to higher 50% cost and due to investment firms believing in climate change crap... that's what the following chart shows... the effect!
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www.investopedia.com
And below are the increases in costs in food, energy and other items that ALL Americans must have to exist!
datavisualizations.heritage.org
