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Oil leases like you are referencing are agreed upon fees for a set period, and not based on the price of oil. The only way you would get more is if they increase production on your property which would increase the royalty total.They don't kick any back to lease owners. We own several leases (in our family) in Texas....our lease pay-outs haven't gone up at all....the oil companies are raking it in....for themselves.
Midly interesting, but going off topic. His bank account isnt pertinent here. Joe Biden and Post # 80 is the topic.Oil leases like you are referencing are agreed upon fees for a set period, and not based on the price of oil. The only way you would get more is if they increase production on your property which would increase the royalty total.
We will in November and in 2025 and beyond...You people bitch no matter what so enjoy your miserable selves.
And leftists are going to bitch because the price of their soy milk lattes is going to skyrocket.
Um, he brought up his bank account by whining about his lease payments not going up. I simply educated him as to why that is.Midly interesting, but going off topic. His bank account isnt pertinent here. Joe Biden and Post # 80 is the topic.
How many of those Biden leases are producing oil?"Biden is riding Trump's coattails".
Said no one ever who has a brain.
10-4Um, he brought up his bank account by whining about his lease payments not going up. I simply educated him as to why that is.
Shouldn't be a surprise. Biden did that with Mexican border. Did it with Afghanistan. Did it with election cheating. With his Regulatory Review EO. With his American Rescue Plan. With his Ukraine & China sellouts, etc etcThese twenty-five Biden administration policies are raising energy costs
None of this is accidental. The Biden Admin is deliberately harming Americans.
issuesinsights.com
And leftists wonder why normal people call them fascists.Shouldn't be a surprise. Biden did that with Mexican border. Did it with Afghanistan. Did it with election cheating. With his Regulatory Review EO. With his American Rescue Plan. With his Ukraine & China sellouts, etc etc
Biden’s Worst Executive Order Went Almost Entirely Unnoticed
This one order will rule them – and us – all.
No, you are incorrect. Our oil drillers are in the business of making money, they will sell overseas whether you like it or not, and You will continue to pay market price. Did tump make us energy independent, as you tumphumpers would have us believe because tump said so? No, he did not.If we don't import foreign oil, we don't have to buy on the global market. It costs a lot of money to ship oil overseas. Producing it here dramatically lowers our prices compared to imports.
Keystone XL will lower gas prices. It will take some time, but now is the time to do it, as opposed to nothing.
It is such elementary economics, only one blinded by politics could state what you did.
Keep drinking the koolaid. You had cheap gas under Trump due to his policies, and now you will pay out the nose due to Biden's deliberate policies. Elections have consequences. Enjoy what you voted for.
No, you are incorrect. Our oil drillers are in the business of making money, they will sell overseas whether you like it or not,
Trump most certainly did. Net energy imports were negative for the first time in a long time under Trump. That is the definition of energy independence.and You will continue to pay market price. Did tump make us energy independent, as you tumphumpers would have us believe because tump said so? No, he did not.
We produce more oil today than under tump.
Believe it. tump would never try to force his major donors to sell their oil in our country for much less money. Anyway, it would be a form of socialism
if the government controlled the price of oil. Bad idea, yes?
The truckers should stop delivering to the people who hate them:Saw a semi-truck drive post a diesel fill-up costing $1052.
The truckers are going to go on strike soon.
They can't survive on today's fuel costs.
Looks like we're all about to lose some weight.
Here's your problem: you're a liar, you have no knowledge of semantics, and or, you take everything you read out of context. You are a bad seed.If anybody had any doubts about Biden being OK with the skyrocketing gas prices, they can forget those now. With his announcement of the stoppage of Russian oil imports, Mr Green At Any Cost, said > This is going to cost you.
Biden said >> "“I said I will level with the American people from the beginning. When I first spoke to this, I said defending freedom is going to cost. It is going to cost us as well in the United States,”
POLITICO Playbook PM: Biden’s warning to Americans: ‘It’s going to cost us as well’
And the NRSC hits a fundraising record.www.politico.com
Well, it need not cost us anything at all. It is only going to "cost" us, if we continue with Biden's out of touch policies >>
1. ending the Keystone XL pipeline project,
2. shutting down drilling permitting on federal land
3. suspending drilling leases in the Arctic National Wildlife Refuge
With 70% of Americans favoring the domestic production polices, as opposed to only 18% agreeing with Biden, he is struggling to come up with talking points to favor his unpopular positions. He suggested subsidies for electric cars as a solution. He also suggested to continue releasing oil from America’s Strategic Petroleum Reserve - not affecting gas prices, and creating a less secure energy scenario.
Biden also is suggesting replacing Russian oil imports with increasing oil importing from other countries (Saudi Arabia, Venezuela, and Iran) - all about as unfriendly as Russia, if not worse.
Polls show the American people are not buying into Biden's domestic oil reductions at any cost, and they heavily favor the energy independent domestic production of the Trump years. Since Biden has become president, his approval ratings have sunk to pathetically low levels. Now, openly telling us the stoppage of Russian importing is "going to cost us", is right up there with the abandonment of Americans in Afghanistan, and his disregard for Americans in his flooding of US cities with illegal aliens.
Where is America going to be after another 9 months of this dude ?
70% Favor Increased U.S. Oil and Gas Production
With gas prices soaring, energy policy is likely to be a major issue in the midterm election campaign, and voters strongly favor a policy of promoting domestic petroleum production.www.rasmussenreports.com
