Biden administration clueless about the oil industry

[Votto]

Oil industry insider exposes Biden admin's incompetence, says they were 'shocked to learn' basic fact about production | Blaze Media

The Biden administration allegedly thought oil and gas producers could drill on demand, but were "shocked to learn" that is not how oil production actually works.What are the details?According to the Financial Times, the White House has been pleading with oil producers to boost production as...

www.theblaze.com

Shocking, I know

Biden was nervously calling round trying to get oil companies to boost production and drilling and was shocked to learn that you can't just do this overnight. It takes a while to plan and get prepared to do such things.

It reminds me of someone who told me on these forms that the Biden restrictions on fossil fuels and his ramblings about ending fossil fuels by 2030 had not been started yet, so it should not effect gas prices now.

No, again, oil companies prepare for the future, which effects us now. They are in the process of ending fossil fuels.

Meanwhile, democrats are in a panic asking voters, what would you rather have? Would you rather have democracy or affordable gas and be able to put food on the table?

UPDATE: Self-described ‘super mayor’, accused of misusing funds for lavish trips, vetoes probe into her spending in brazen move [Video]

TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from NYPost.com: Self-described “super mayor” Tiffany Henyard...

ussanews.com

Hmm?

You can't make this stuff up!

Hilarious!

 

[occupied]

So what is everyone saying when they blame oil prices on Biden allegedly cancelling oil leases? Been around and around with dozens of posters on this very board that are certain we can drill our way out of this price spike in fairly short order.

 

[Polishprince]

Why would oil concerns want to invest money in US oil exploration and facilities?

Sleepy Joe cancelled exploration in the ANWR, the Keystone pipeline, oil exploration on different federal lands, etc., after they already invested huge amounts.

Since Brandon did it before, the likelihood is that it will happen again.

"Fool me once, yada yada yada"

Outfits like Exxon Mobil would be better off looking to explore for oil in business friendly lands.

 

[Bootney Lee Farnsworth]

Oil industry insider exposes Biden admin's incompetence, says they were 'shocked to learn' basic fact about production | Blaze Media

The Biden administration allegedly thought oil and gas producers could drill on demand, but were "shocked to learn" that is not how oil production actually works.What are the details?According to the Financial Times, the White House has been pleading with oil producers to boost production as...

www.theblaze.com

Shocking, I know

Biden was nervously calling round trying to get oil companies to boost production and drilling and was shocked to learn that you can't just do this overnight. It takes a while to plan and get prepared to do such things.

It reminds me of someone who told me on these forms that the Biden restrictions on fossil fuels and his ramblings about ending fossil fuels by 2030 had not been started yet, so it should not effect gas prices now.

No, again, oil companies prepare for the future, which effects us now. They are in the process of ending fossil fuels.

Meanwhile, democrats are in a panic asking voters, what would you rather have? Would you rather have democracy or affordable gas and be able to put food on the table?

UPDATE: Self-described ‘super mayor’, accused of misusing funds for lavish trips, vetoes probe into her spending in brazen move [Video]

TeamDML offers insights, opinions, podcasts, videos and other forms of content intended to educate and better explain trending news that is made available to the public by third parties. In this particular case, we refer to an excerpt from NYPost.com: Self-described “super mayor” Tiffany Henyard...

ussanews.com

Hmm?

You can't make this stuff up!

Hilarious!

The irony is blinding.

So, if we vote to rightfully kick the bums out in November, that's NOT "democracy"?

 

[berg80]

In Nov. 2021 satellite images showed an ongoing buildup of Russian forces near Ukraine with estimates soon surpassing 100K troops deployed.
On 11/30/21 WTI crude was $65.73 a barrel.
In Dec. Russia started making demands on NATO, like never letting Ukraine join. World leaders, and oil speculators, became convinced Putin would invade.
By 1/1/22 WTI was at $77.00.
Between 1/1/22 and 2/23/22 the price of oil climbed to $91 on invasion fears.
On 2/24/22 Putin launched the invasion and oil immediately spiked to a little over $120.

So......from 11/30/21 to 2/24 22 the price jumped from around $66 to just over $120. Exactly what Biden policy caused the jump in such a short period of time..................considering there are ample oil leases and permits for oil companies to use if they wanted to increase production?

Check out OIL's stock price (@CL.1) in real time

The answer..........it wasn't due to Biden. Repubs are cynically preying on the anger and ignorance of those paying $5 at the pump to gain a political advantage for the upcoming midterms.

 

[JohnDB]

The oil industry in and around America need platforms.
Most gasoline and other petroleum products we consume cannot be refined at necessary quantities onshore anymore due to EPA regulations...so they are done at sea beyond the 2 mile limit where the EPA has no jurisdiction.

When Joe got elected the oil industry knew what was coming. So they moved these billion plus dollar platforms out of the area.

Now instead of inexpensively pumping the refined oil onshore...it has to be Shipped to a petroleum dock. Adding to the cost due to the Charlie Foxtrot at the docks these days.

There is a lot of oil around the world yet to be tapped. Each consisting of different types of composition. Some makes plastics (like Canada) some makes motor oil (Saudi Arabia) and some makes gasoline (South America)

Gasoline is the first product to come off the oil after the water is removed. It is always going to be produced as we utilize the remaining bitumen for its properties to make rubber, sealants, lubricants, paint and etc.

So...instead of having a hostile relationship with the petroleum industry as Democrats have ALWAYS traditionally had...try something else.

They seem to be great about having hostile relationships with businesses...but absolutely end up screwing over the constituency in the process.

So...
What's it going to take to bring the platforms back? Build new ones?
Drilling only solves a minor aspect of the equation. Getting the products into the market at an affordable price is very crucial...involving pipelines, RAILROAD (ahem Blackrock) and of course refining and shipping.

 

[kyzr]

In Nov. 2021 satellite images showed an ongoing buildup of Russian forces near Ukraine with estimates soon surpassing 100K troops deployed.
On 11/30/21 WTI crude was $65.73 a barrel.
In Dec. Russia started making demands on NATO, like never letting Ukraine join. World leaders, and oil speculators, became convinced Putin would invade.
By 1/1/22 WTI was at $77.00.
Between 1/1/22 and 2/23/22 the price of oil climbed to $91 on invasion fears.
On 2/24/22 Putin launched the invasion and oil immediately spiked to a little over $120.
So......from 11/30/21 to 2/24 22 the price jumped from around $66 to just over $120. Exactly what Biden policy caused the jump in such a short period of time..................considering there are ample oil leases and permits for oil companies to use if they wanted to increase production?
The answer..........it wasn't due to Biden. Repubs are cynically preying on the anger and ignorance of those paying $5 at the pump to gain a political advantage for the upcoming midterms.

The rise in gas prices started when Pedo Joe signed his Exec Orders declaring "war on energy"
"Look into my eyes....I promise you I will end fossil fuels"...

 

[berg80]

The oil industry in and around America need platforms.
Most gasoline and other petroleum products we consume cannot be refined at necessary quantities onshore anymore due to EPA regulations...so they are done at sea beyond the 2 mile limit where the EPA has no jurisdiction.

Bullshit.

The federal government is seeking to get the oil industry to restart idled refineries, Bloomberg has reported, citing an unnamed source.

According to the source, officials, including members of the National Economic Council, have been contacting industry players to inquire about the possibility of restarting refineries previously shut down in the latest attempt to rein in retail fuel prices.

Regular gasoline prices hit a high of $4.60 per gallon yesterday, up from $4.589 per gallon a week ago and $3.035 per gallon a year ago.

Since the start of the pandemic two years ago, refineries with a combined capacity of over 1 million bpd have been shuttered, Bloomberg reported. Globally, some 2.13 million bpd in refining capacity has been shut down since 2020.

In addition to the shutdown of refineries, at least two are set to be converted to biofuel production facilities, further shrinking the refining capacity available in the world’s largest oil consumer.

The refining capacity shortage has emerged as one of the reasons, besides high crude oil prices, for the current fuel price crunch that has sent the Biden administration scrambling for solutions months before the mid-term elections.

Among the steps taken so far were a 50-million-barrel oil release from the strategic petroleum reserve last November and the announcement of another, massive one of 180 million barrels, to take place over six months.

In addition, the Energy Department has reached out to the industry to ask companies to boost oil production. But while production is indeed growing, it is growing much more slowly than it must to offset supply tightness. Exports are growing, too, contributing to domestic supply tightness, especially in middle distillates.

Biden Administration Seeks Restart Of Idled Oil Refineries | OilPrice.com

The federal government is seeking to get the oil industry to restart idled refineries

oilprice.com

 

[JohnDB]

Bullshit.

The federal government is seeking to get the oil industry to restart idled refineries, Bloomberg has reported, citing an unnamed source.

According to the source, officials, including members of the National Economic Council, have been contacting industry players to inquire about the possibility of restarting refineries previously shut down in the latest attempt to rein in retail fuel prices.

Regular gasoline prices hit a high of $4.60 per gallon yesterday, up from $4.589 per gallon a week ago and $3.035 per gallon a year ago.

Since the start of the pandemic two years ago, refineries with a combined capacity of over 1 million bpd have been shuttered, Bloomberg reported. Globally, some 2.13 million bpd in refining capacity has been shut down since 2020.

In addition to the shutdown of refineries, at least two are set to be converted to biofuel production facilities, further shrinking the refining capacity available in the world’s largest oil consumer.

The refining capacity shortage has emerged as one of the reasons, besides high crude oil prices, for the current fuel price crunch that has sent the Biden administration scrambling for solutions months before the mid-term elections.

Among the steps taken so far were a 50-million-barrel oil release from the strategic petroleum reserve last November and the announcement of another, massive one of 180 million barrels, to take place over six months.

In addition, the Energy Department has reached out to the industry to ask companies to boost oil production. But while production is indeed growing, it is growing much more slowly than it must to offset supply tightness. Exports are growing, too, contributing to domestic supply tightness, especially in middle distillates.

Biden Administration Seeks Restart Of Idled Oil Refineries | OilPrice.com

The federal government is seeking to get the oil industry to restart idled refineries

oilprice.com

With the stroke of a pen Biden tripled the costs associated with land based movement, Storage, and refining of petroleum. Now wants the refineries to come back?
Good luck with that!

 

[JohnDB]

Wildcats (independent small business drilling and pumping oil on private or leased land) are needed to produce sufficient petroleum. .
And if fees are too high....nobody does it.

When regulations choke small businesses and only the huge conglomerates can comply with heavy regulations....guess what happens?

 

[Hellokitty]

The only people who are clueless are the ones who do't realize this is all by design. FJB going to the oil industry is so he can claim he's doing something but big oil is more interested in profits...

 

[Votto]

Democrats have always been about taking over everything and making our lives, Oh, so much better

LOL

But it's such a good idea, they have to keep it on the down low so people don't get to exited.

So they lie nonstop about it.

 

[JohnDB]

The rise in gas prices started when Pedo Joe signed his Exec Orders declaring "war on energy"
"Look into my eyes....I promise you I will end fossil fuels"...

View attachment 658189

Fossil fuels is yet another misnomer.

Petroleum does not come from decomposed vegetable and animal matter. It is a natural product quite common in the solar system stemming from hydrogen and carbon (and other elements) under heat and pressure.
It got its phoney name because of the fossilized remains of shellfish just above the areas we have found oil in. Meaning that the area was once covered in a floating forest. But Noah's Flood had destroyed that environment (and the shellfish) and under this area are the pockets of Petroleum. Meaning that at no time did any form of decay of once living plants or animals create the Petroleum....the ground hundreds of feet under these floating forests contained these elements that formed the Petroleum.

I'd dare say that we can find Petroleum on other planets in our solar system. However, many of these oil wells, if left alone, will be found to once again reproduce oil. It just requires time.

 

[kyzr]

Fossil fuels is yet another misnomer.

Petroleum does not come from decomposed vegetable and animal matter. It is a natural product quite common in the solar system stemming from hydrogen and carbon (and other elements) under heat and pressure.
It got its phoney name because of the fossilized remains of shellfish just above the areas we have found oil in. Meaning that the area was once covered in a floating forest. But Noah's Flood had destroyed that environment (and the shellfish) and under this area are the pockets of Petroleum. Meaning that at no time did any form of decay of once living plants or animals create the Petroleum....the ground hundreds of feet under these floating forests contained these elements that formed the Petroleum.

I'd dare say that we can find Petroleum on other planets in our solar system. However, many of these oil wells, if left alone, will be found to once again reproduce oil. It just requires time.

This article differs in your man 'splain...

Oil formation - Energy Education

energyeducation.ca

"The formation of oil begins in warm, shallow oceans that were present on the Earth millions of years ago. In these oceans, extremely small dead organic matter - classified as plankton - falls to the floor of the ocean. This plankton consists of animals, called zooplankton, or plants, called phytoplankton. This material then lands on the ocean floor and mixes with inorganic material that enters the ocean by rivers. It is this sediment on the ocean floor that then forms oil over many years. The energy in oil initially comes from the Sun, and is energy from sunlight that is trapped in chemical form by dead plankton.[3]

 

[LAUGHatLEFTISTS]

So what is everyone saying when they blame oil prices on Biden allegedly cancelling oil leases? Been around and around with dozens of posters on this very board that are certain we can drill our way out of this price spike in fairly short order.

Drill where we know the oil is not where Economy Killing *Joe signs leases that need prospected. You do know he signed these just so he and his allies in the media can dupe you idiots. Works on the gullible every time.