Biden blames gas prices on Putin... so how much oil does Russia provide??? FACTS folks!

[healthmyths]

Provides about 30% of EU Oil...

Where do you think EU gets the shortfall from if it doesn't come from Russia?

Has the penny dropped yet?

And that has absolutely ZERO to do with pump gas prices in the USA because as of today..

It may be 50 years or more before we are off fossil fuels.

I agree! And also in 50 years the CO2 emissions concerns may also be immensely reduced.
Are you aware of this? FYI.. In the U.S., no place drills for oil as much as the Permian Basin. The Permian produces more than 5 million of the nation’s daily output of 11.6 million barrels of oil per day.

In Texas, calls to boost U.S. oil production after Russian invasion run into hard realities

Labor shortages, supply chain issues, hesitant financial backers and a frosty relationship with the Biden administration have limited how much Texas oil and gas companies are ramping up production.

www.texastribune.org

So with 43% of oil coming from a region that has reduced Methane emissions by 70% since 2011 there seems to be hope that CO2/Methane,etc. will be reduced in the next 50 years.

Permian Basin Producers: Charting A Cleaner Energy Future

www.texansfornaturalgas.com

 

[CowboyTed]

And YOU still don't comprehend long term pricing practices.
The cost of oil was GOING to increase even without Biden doing anything because Biden told us while running for office these exact words...02/08/2020...

Joe Biden: “We Are Going To Get Rid of Fossil Fuels”​

Biden’s hostility to energy industry workers is nothing new, either. In December he suggested if coal miners lose their job due to his policies they should learn to code.

Biden has also said “we should put them in jail” when talking about fossil fuel executives.

Joe Biden: "We Are Going To Get Rid of Fossil Fuels" - Americans for Tax Reform

Joe Biden said during a rally this week that he wants to "get rid of fossil fuels." Biden said: "We are going to get rid of fossil fuels." Referring to protestors who interrupted the event, Biden said: "That's okay, these guys are okay, they want to do the same thing…

www.atr.org

So given that warning and then just 7 days into office, Biden banned oil exploration on land that produces
24% of the nation's oil and gas.

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.

Just look at what happened Wednesday in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

Seriously, do you think Oil Execs give a fuck if Biden calls them nasty words... These a guys who bribe and bully there way on to oil fields in Africa..

Biden did fuck all to them because they have paid off every politician before him and there is little he can do..

"If President Joe Biden came out forcefully on the side of increasing US oil production, " - Explain how? Seriously... Have you got a clue... US Oil Companies cut production by 3m barrels a day from Jan 2020 to Jan 2021 when Biden started... Since then under Biden, they have restored 1.5m barrels a day.

BTW, Trump asked OPEC to cut production in April 2020... This was idiotic... He didn't think ahead but just that US companies at the time want Oil Prices increased... OPEC would have naturally decreased production without the Trump threat (Saudi usually wants to decrease supply with UAE increase it).. There was no need but OPEC didn't fill all the tanks needed to react to this increase in demand... Did OPEC listen to Trump's threat (he said he withhold arms)? Who knows.. It was unnecessary amnd pretty stupid...

 

[surada]

Seriously, do you think Oil Execs give a fuck if Biden calls them nasty words... These a guys who bribe and bully there way on to oil fields in Africa..

Biden did fuck all to them because they have paid off every politician before him and there is little he can do..

"If President Joe Biden came out forcefully on the side of increasing US oil production, " - Explain how? Seriously... Have you got a clue... US Oil Companies cut production by 3m barrels a day from Jan 2020 to Jan 2021 when Biden started... Since then under Biden, they have restored 1.5m barrels a day.

BTW, Trump asked OPEC to cut production in April 2020... This was idiotic... He didn't think ahead but just that US companies at the time want Oil Prices increased... OPEC would have naturally decreased production without the Trump threat (Saudi usually wants to decrease supply with UAE increase it).. There was no need but OPEC didn't fill all the tanks needed to react to this increase in demand... Did OPEC listen to Trump's threat (he said he withhold arms)? Who knows.. It was unnecessary amnd pretty stupid...

I have never read any of the oil concession agreements in Africa.

 

[healthmyths]

Seriously, do you think Oil Execs give a fuck if Biden calls them nasty words... These a guys who bribe and bully there way on to oil fields in Africa..

Biden did fuck all to them because they have paid off every politician before him and there is little he can do..

"If President Joe Biden came out forcefully on the side of increasing US oil production, " - Explain how? Seriously... Have you got a clue... US Oil Companies cut production by 3m barrels a day from Jan 2020 to Jan 2021 when Biden started... Since then under Biden, they have restored 1.5m barrels a day.

BTW, Trump asked OPEC to cut production in April 2020... This was idiotic... He didn't think ahead but just that US companies at the time want Oil Prices increased... OPEC would have naturally decreased production without the Trump threat (Saudi usually wants to decrease supply with UAE increase it).. There was no need but OPEC didn't fill all the tanks needed to react to this increase in demand... Did OPEC listen to Trump's threat (he said he withhold arms)? Who knows.. It was unnecessary amnd pretty stupid...

Where is your proof? Why do you make dumb ass comments without providing proof? Don't you know most intelligent people ask..."who the f...k are you to make such unsupported comments???"
Show me the proof!
And your truly dumb ass comment about politicians' paid off????
The Ukrainian energy company that was paying President Biden’s son Hunter $1 million a year cut his monthly compensation in half two months after his father ceased to be vice president.
From May 2014, Burisma Holdings Ltd. was paying Hunter $83,333 a month to sit on its board, invoices on his abandoned laptop show.

Hunter Biden’s Ukraine salary was cut two months after Joe Biden left office

Burisma Holdings Ltd. had been paying Hunter Biden over $83,000 a month to be a member of its board starting in 2014. But three years later, he saw his paychecks get cut in half.

nypost.com

 

[CowboyTed]

And that has absolutely ZERO to do with pump gas prices in the USA because as of today..

Where do you think pump gas comes from?

Lets be clear, Oil in refined in Houston is sold to the highest bidder... If that is EU then it goes to EU... The end product doesn't belong to US, it belongs to a corporation and they are by law have to take the highest price available to maximise profits for their shareholders...

Did you think that Oil refined in US some how belongs to the American people? You might give them cheap lease land but that gives you fuck all rights to the Oil produced..

 

[CowboyTed]

I have never read any of the oil concession agreements in Africa.

A wealth of sorrow: why Nigeriaâs abundant oil reserves are really a curse

It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit

www.theguardian.com

Nigeria produces about 10% of US about 1.3million barrels a day.. Riddled with corruption, Oil execs we meet in Europe say it is pay(bribe) or loose... Morals are left at the airport..

 

[CowboyTed]

Where is your proof? Why do you make dumb ass comments without providing proof? Don't you know most intelligent people ask..."who the f...k are you to make such unsupported comments???"
Show me the proof!
And your truly dumb ass comment about politicians' paid off????
The Ukrainian energy company that was paying President Biden’s son Hunter $1 million a year cut his monthly compensation in half two months after his father ceased to be vice president.
From May 2014, Burisma Holdings Ltd. was paying Hunter $83,333 a month to sit on its board, invoices on his abandoned laptop show.

Hunter Biden’s Ukraine salary was cut two months after Joe Biden left office

Burisma Holdings Ltd. had been paying Hunter Biden over $83,000 a month to be a member of its board starting in 2014. But three years later, he saw his paychecks get cut in half.

nypost.com

Are you trying to say the Big Oil isn't one of the largest political lobbies in Washington?

Oil & Gas Lobbying

See lobbying totals by Oil & Gas industries/interest groups for every election cycle from 1998 to 2024, along with top lobbying clients in 2022.

www.opensecrets.org

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

www.reuters.com

U.S. oil production set to increase further in 2022, energy expert Dan Yergin says

U.S. oil production is back and set to increase in 2022 after more than a year of OPEC and its allies "running the show," said oil expert Daniel Yergin.

www.cnbc.com

Exxon posts biggest profit in seven years on high oil prices

Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.

www.reuters.com

There is plenty of proof.. OPEC don't even bother lying... Saudi can increase production by 1.2m barrels a day tomorrow... Saudi has expressed that they want global production to stay at this level...

Saudi Arabia to Cut Oil Production Sharply in Bid to Lift Prices

The kingdom flexed its market muscle in a surprise move that signals its fear that the Covid-19 pandemic will further hit the global economy.

www.wsj.com

Bloomberg - Are you a robot?

www.bloomberg.com

This is what Trump was ordering just months previous...

 

[CowboyTed]

Well 3% of USA oil per day CAN be replaced which is what the Russian oil importation of the 19 million barrels used by USA per day.
In 2021, the United States consumed an average of about 19.78 million barrels of petroleum per day, or a total of about 7.22 billion barrels of petroleum.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.

No it fucking can't...

Again there is no such thing as US Oil... No such thing...

Oil is global and goes to the highest bidder, fuck there nationality...

 

[surada]

A wealth of sorrow: why Nigeriaâs abundant oil reserves are really a curse

It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit

www.theguardian.com

Nigeria produces about 10% of US about 1.3million barrels a day.. Riddled with corruption, Oil execs we meet in Europe say it is pay(bribe) or loose... Morals are left at the airport..

Interesting article. Back in the day Venezuelan and Iranian oil only benefited the elite circle around the leadership.

 

[surada]

No it fucking can't...

Again there is no such thing as US Oil... No such thing...

Oil is global and goes to the highest bidder, fuck there nationality...

They rant and rave about socialism, but they think oil belongs to the American people.

 

[CowboyTed]

It may be 50 years or more before we are off fossil fuels.

It is about reducing dependency...

Even 20% is huge... A 12.5% reduction would be the equivalent of all the Oil produced in US...

LOOK AT THE CHANGE IN ROW COMAPRED TO US...

Nearly everyone I know in Ireland considers Hybrid or full Electric in buying there next car... Mother bought full electric, getting delivered in July... Wait lists on Electric are now considerably longer than hybrid which are again longer than the fossil... And these are European standard engines which are far more efficient than US cars... US car lobby has tried to keep things the same for years while the rest of the world moved on, the same manufactures are complying with the standards in other countries... It is the factories that produce the cars... BMW make there US cars in North America but they will be first to tell you that a higher quality is legally mandated in EU...

 

[healthmyths]

No it fucking can't...

Again there is no such thing as US Oil... No such thing...

Oil is global and goes to the highest bidder, fuck there nationality...

Again no proof!
Also maybe you should explain to this web site:

In Texas, calls to boost U.S. oil production after Russian invasion run into hard realities

Labor shortages, supply chain issues, hesitant financial backers and a frosty relationship with the Biden administration have limited how much Texas oil and gas companies are ramping up production.

www.texastribune.org

So then maybe you should tell these companies because they assume they have the oil in their refineries, etc. but again if YOU SAY SO!! YOU are the expert!

Top U.S. oil and gas companies by market cap 2023 | Statista

ExxonMobil ranks first among United States' top ten oil and gas producing companies based on market capitalization.

www.statista.com

 

[CowboyTed]

Interesting article. Back in the day Venezuelan and Iranian oil only benefited the elite circle around the leadership.

Kurds call Oil the curse from underneath...

The curse of oil in Iraqi Kurdistan

A region once held up by the US as a beacon of hope in a broken Iraq, Kurdistan has instead — in oil’s name — fallen victim to corruption…

gpinvestigations.pri.org

Oil can be highly corruptive... Russia is the glaring example...

 

[surada]

Kurds call Oil the curse from underneath...

The curse of oil in Iraqi Kurdistan

A region once held up by the US as a beacon of hope in a broken Iraq, Kurdistan has instead — in oil’s name — fallen victim to corruption…

gpinvestigations.pri.org

Oil can be highly corruptive... Russia is the glaring example...

No question.. it's also myopic. Oil revenue can also be used for health care, education, clean water, business development and all sorts of infrastructure.

 

[CowboyTed]

Again no proof!
Also maybe you should explain to this web site:

In Texas, calls to boost U.S. oil production after Russian invasion run into hard realities

Labor shortages, supply chain issues, hesitant financial backers and a frosty relationship with the Biden administration have limited how much Texas oil and gas companies are ramping up production.

www.texastribune.org

So then maybe you should tell these companies because they assume they have the oil in their refineries, etc. but again if YOU SAY SO!! YOU are the expert!

Top U.S. oil and gas companies by market cap 2023 | Statista

ExxonMobil ranks first among United States' top ten oil and gas producing companies based on market capitalization.

www.statista.com

View attachment 630055

Right lets explain the law to you... Under US law a CEO has to maximise the profits of his company for his shareholders... So he sells to the highest bidder... So the ExxonMobil CEO has to legallty explain why he doesn't take the highest bidder and saying he was a American doesn't cut it... ExxonMobil is a multinational which happen to have its headquarters in US, it sells Oil products worldwide to the highest bidder... They might sell a lot locally but there is no fucking discount, everyone pays the market rate...

Exporting Oil is not new it has been happening for years.. Just some people think Oil coming out of the ground in US is somehow American, it is not... It is a global commodity and it sold to highest bidder..

The port district of Houston-Galveston became a net exporter of crude oil in April - U.S. Energy Information Administration (EIA)

www.eia.gov

How Texas Is Rescuing Europe From the Russians

An energy crisis on the Continent has it desperate for help from the Permian natural gas it had earlier spurned.

www.texasmonthly.com

This is fucking capitalism... Why is so hard for you to understand that...

If you want US Oil to stay in US then you want to nationalise the extraction and refinement of it..

 

[BlindBoo]

4 to 5 million barrels a day are, or were, exported to the world market from Russia. It is the market price of oil that dictate, not how little oil we import from one source.

 

[surada]

Right lets explain the law to you... Under US law a CEO has to maximise the profits of his company for his shareholders... So he sells to the highest bidder... So the ExxonMobil CEO has to legallty explain why he doesn't take the highest bidder and saying he was a American doesn't cut it... ExxonMobil is a multinational which happen to have its headquarters in US, it sells Oil products worldwide to the highest bidder... They might sell a lot locally but there is no fucking discount, everyone pays the market rate...

Exporting Oil is not new it has been happening for years.. Just some people think Oil coming out of the ground in US is somehow American, it is not... It is a global commodity and it sold to highest bidder..

The port district of Houston-Galveston became a net exporter of crude oil in April - U.S. Energy Information Administration (EIA)

www.eia.gov

How Texas Is Rescuing Europe From the Russians

An energy crisis on the Continent has it desperate for help from the Permian natural gas it had earlier spurned.

www.texasmonthly.com

This is fucking capitalism... Why is so hard for you to understand that...

If you want US Oil to stay in US then you want to nationalise the extraction and refinement of it..

Yep. They are socialists or communists when it comes to oil.

 

[DarthTrader]

Right lets explain the law to you... Under US law a CEO has to maximise the profits of his company for his shareholders... So he sells to the highest bidder... So the ExxonMobil CEO has to legallty explain why he doesn't take the highest bidder and saying he was a American doesn't cut it... ExxonMobil is a multinational which happen to have its headquarters in US, it sells Oil products worldwide to the highest bidder... They might sell a lot locally but there is no fucking discount, everyone pays the market rate...

Exporting Oil is not new it has been happening for years.. Just some people think Oil coming out of the ground in US is somehow American, it is not... It is a global commodity and it sold to highest bidder..

The port district of Houston-Galveston became a net exporter of crude oil in April - U.S. Energy Information Administration (EIA)

www.eia.gov

How Texas Is Rescuing Europe From the Russians

An energy crisis on the Continent has it desperate for help from the Permian natural gas it had earlier spurned.

www.texasmonthly.com

This is fucking capitalism... Why is so hard for you to understand that...

If you want US Oil to stay in US then you want to nationalise the extraction and refinement of it..

What US law? Are you naive? LOL.

There is no law that US oil majors MUST sell to highest bidder.

 

[DarthTrader]

It is about reducing dependency...

Even 20% is huge... A 12.5% reduction would be the equivalent of all the Oil produced in US...

LOOK AT THE CHANGE IN ROW COMAPRED TO US...
View attachment 630052

Nearly everyone I know in Ireland considers Hybrid or full Electric in buying there next car... Mother bought full electric, getting delivered in July... Wait lists on Electric are now considerably longer than hybrid which are again longer than the fossil... And these are European standard engines which are far more efficient than US cars... US car lobby has tried to keep things the same for years while the rest of the world moved on, the same manufactures are complying with the standards in other countries... It is the factories that produce the cars... BMW make there US cars in North America but they will be first to tell you that a higher quality is legally mandated in EU...

US oil consumption is worth 750 nuclear reactors.

The US currently has fewer than 150 nuclear reactors.

You "greenies" are so dumb. Going to build 6x the capacity?

 

[healthmyths]

Right lets explain the law to you... Under US law a CEO has to maximise the profits of his company for his shareholders... So he sells to the highest bidder... So the ExxonMobil CEO has to legallty explain why he doesn't take the highest bidder and saying he was a American doesn't cut it... ExxonMobil is a multinational which happen to have its headquarters in US, it sells Oil products worldwide to the highest bidder... They might sell a lot locally but there is no fucking discount, everyone pays the market rate...

Exporting Oil is not new it has been happening for years.. Just some people think Oil coming out of the ground in US is somehow American, it is not... It is a global commodity and it sold to highest bidder..

The port district of Houston-Galveston became a net exporter of crude oil in April - U.S. Energy Information Administration (EIA)

www.eia.gov

How Texas Is Rescuing Europe From the Russians

An energy crisis on the Continent has it desperate for help from the Permian natural gas it had earlier spurned.

www.texasmonthly.com

This is fucking capitalism... Why is so hard for you to understand that...

If you want US Oil to stay in US then you want to nationalise the extraction and refinement of it..

Right away you show your stupidity and ignorance!
"Under US law a CEO has to maximise the profits of his company for his shareholders"????
Having been a stock broker that's the first time in 60 years I've heard that the Federal government has a written law that says a CEO has to maximize profits! Please once again you make a statement with NO proof! But further more your logic is so poor!
You are saying that "nationalizing" US oil companies will force them NOT to make a profit by keeping oil here. Right? So who pays for the refineries that refine the oil to gas? Who then distributes the gas to the stations? Who then owns the stations that ultimately charge the customers? See ignorant nationalization people like you seem to forget why capitalism works. Everyone gets a piece and not what is dictated like Putin does! What a dumb ass comment!
See dummy I do a little research!!!

The rule of capture or law of capture is common law from England, adopted by a number of U.S. jurisdictions, that establishes a rule of non-liability for captured natural resources including groundwater, oil, gas, and game animals. The general rule is that the first person to "capture" such a resource owns that resource. Rule of capture - Wikipedia en.wikipedia.org But of course YOU didn't do any research before you spouted off your stupidity regarding "nationalization!" Truly shows why people are getting dumber like YOU! Do some research before you write!