Biden crushes US oil industry and Russia profits from it

[Vrenn]

how many do you wish to give the last president?

Usually, the first 6 months. But it's debatable how many, of course. If we are talking about spending and budgets, the first year goes to the previous president.

 

[Harpy Eagle]

Usually, the first 6 months. But it's debatable how many, of course. If we are talking about spending and budgets, the first year goes to the previous president.

But we are talking about oil production and the narrative is that Biden killed it in his first week in office.

 

[jknowgood]

Your claim was that it dropped when he took officer and then it stayed low. It didn't.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

When he took office the ave. price was 2.45. When he left it was 2.63.

Lol, when biden won the election the market started to adjust to what was coming. The average price of gas day before the election was 2.11 a gallon.

 

[BlindBoo]

Lol, when biden won the election the market started to adjust to what was coming. The average price of gas day before the election was 2.11 a gallon.

It bottomed out at 1.93xx in April 2020.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

 

[AntonToo]

You mean they too are making money off the higher demand at higher prices, as US companies are, while refusing to boost production?
View attachment 592718

 

[jknowgood]

It bottomed out at 1.93xx in April 2020.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

But it didn't start to rise till businesses knew Biden was going to be president. It was a lot better in Trump’s term that it has been during Biden's and it's only predicted to go up.

 

[Markle]

Usually, the first 6 months. But it's debatable how many, of course. If we are talking about spending and budgets, the first year goes to the previous president.

Yeah, about that. Not when the incoming President is takes a monkey wrench to every good policy put in place by Trump his first day in office.

As you can see, it has been downhill ever since.

 

[BlindBoo]

But it didn't start to rise till businesses knew Biden was going to be president. It was a lot better in Trump’s term that it has been during Biden's and it's only predicted to go up.

Not really his election either. It was his inauguration which coincided with the reduction of world wide oil glut caused by the economic slowdown back in March and April and the increase in demand by those going back to work. Supply and demand caused the increase in world oil prices. Not his announced "pause" policy at the beginning of his term.

 

[Colin norris]

Biden Shuts Down Keystone Pipeline, Removes Sanctions From Nord Stream 2, Then Imports Tons of Oil From Russia

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djhjmedia.com

To be fair, Biden is not just importing oil from Russia, he is importing oil from Iran also. But the bigger question might be what are the cuts for Hunter and The Big Guy? Someone is benefiting from all of this at the expense of Americans. Might as well go with the most likely ones first. Under Trump, this country reached energy independence for the first time, and under Biden, it has gone to hell in a handbasket.

Energynow.com reports:

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.

U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.

“[Keystone XL] was a missed opportunity to increase North American energy security, lower costs for American consumers and reduce dependence on foreign energy sources that are hostile to U.S. interests,” says Frank Macchiarola, senior vice-president with the American Petroleum Institute.

Renewable energy in the U.S. is growing, and demand for oil continues to surge.

Consumption in 2023 is expected to reach 17.2 million barrels per day, higher than before the COVID-19 pandemic, according to the U.S. Energy Information Administration.

Before President Biden’s cancellation in January 2021, Canadian oil producers remained committed to Keystone XL despite waiting nearly 12 years for the project to go ahead.

In 2018, a decade after the first regulatory application, Keystone XL had 20-year shipping commitments for about 60 per cent of its capacity. In 2020, that increased to nearly 70 per cent.

The U.S. Gulf Coast is the world’s largest processing region for what is known as “heavy oil,” and Alberta is the world’s largest heavy oil producer.

“Keystone XL was probably one of the largest pipeline projects proposed that would have tied Canadian supply to the U.S. Gulf coast as a bullet train express,” says Kevin Birn, chief analyst, Canadian crude oil markets with consultancy IHS Markit.

The most recent data from the U.S. Energy Information Administration shows that in May, 844,000 barrels of oil were imported from Russia. This makes Biden the real Putin puppet. Was it for profit or for blackmail? We may never know, but we do know it was not done for the American people.

Same old hate bullshit from the republicans. Well plagairised.

 

[Vrenn]

But we are talking about oil production and the narrative is that Biden killed it in his first week in office.

Which has zero reality to it for blame. I would venture to say that the first 6 months belongs to Rump so you are both wrong.

 

[Vrenn]

Yeah, about that. Not when the incoming President is takes a monkey wrench to every good policy put in place by Trump his first day in office.

As you can see, it has been downhill ever since.

It was going to happen anyway. Covid affected transportation and that is still affected. Unless you have local methods of transport the price will go up. And you still need the interstate transportation as well. What Biden was given was a friggin mess and we have yet to dig ourselves out of it.

Rather than point fingers, come up with ways to get out of that mess.

 

[jknowgood]

Not really his election either. It was his inauguration which coincided with the reduction of world wide oil glut caused by the economic slowdown back in March and April and the increase in demand by those going back to work. Supply and demand caused the increase in world oil prices. Not his announced "pause" policy at the beginning of his term.

The price of gas went up when biden won. You cannot refuse that.

 

[The Original Tree]

You and people like you and Blind Boo are total morons and useful idiots.

Do you know why Obama allowed Putin to take Crimea, and allowed him to take Belarus which is in Russian Control? No, you don't because you are a useful idiot.

Do you know why Putin now wants control or Ukraine? Nope, again you and Blind Fool are useful idiots.

Do you know what the Dnieper River is, and what the Dnieper Canal is?

Dnieper - Wikipedia

en.wikipedia.org

https://en.wikipedia.org/wiki/Dnieper–Bug_Canal

Putin wants control of it to make it easier for Russia to arm their Navy and have easier access to The Black Sea so they can project more military power in to The Mediterranean and Middle East.

Seriously, you morons are so stupid I am surprised you can tie your own shoes.

Keep pushing Russian Propaganda while Putin continues to play chess and you and Fool Biden, and Blind Fool, and Fool You play checkers.

You people are so stupid that you should just do the world a favor and quit exhaling CO2 and help save the planet.

 

[Not a Monkeys Uncle]

Biden’s war on domestic oil and gas increased energy prices by 50%. This directly impacts everyone and every business. Biden paid people not to work, and his vaccine mandates caused many people to be fired who wanted to work. Biden should thank his lucky stars that Joe Manchin (D-WV) stopped the $5 trillion BBB fiasco.

 

[AntonToo]

Biden’s war on domestic oil and gas increased energy prices by 50%

You have got to be a literal monkey to belive such ridiculous tripe.

 

[Not a Monkeys Uncle]

You have got to be a literal monkey to belive such ridiculous tripe.

Shuttup stupid

The High Cost of California Electricity Is Increasing Poverty

California’s poverty rate is the highest in the nation. New energy restrictions will increase electricity costs, making the problem worse.

freopp.org

Energy bills could rise by 50% amid ânational crisisâ of soaring UK prices

Industry calls on government to intervene, with situation ‘looking pretty serious for the spring’

www.theguardian.com

 

[AntonToo]

Shuttup stupid

The High Cost of California Electricity Is Increasing Poverty

California’s poverty rate is the highest in the nation. New energy restrictions will increase electricity costs, making the problem worse.

freopp.org

Energy bills could rise by 50% amid ânational crisisâ of soaring UK prices

Industry calls on government to intervene, with situation ‘looking pretty serious for the spring’

www.theguardian.com

I'm just giving you the straight talk, so maybe next time you down sound like a loon.

You have got to be not quite right in the head to think that one guy in the White House cause 50% cost increase,. just by being in the WH.

You have got to be next degree ignoramus to not get the basics of supply and demand. When economy crashes oil demand collapses, stockpiles fill up and price drops through the floor. Easiest way to get a basement bargain oil price is to CRASH THE ECONOMY and from there the opposite is of course true - as economy is growing again demand picks up, supply lags and prices increase.

There is nothing particularly outstanding about oil prices today, they are just not RECESSION grade. When we saw pretty much same prices in 2018 you had nothing but good things to say about economy, because some other guy was in the WH.

 

[Not a Monkeys Uncle]

You and people like you and Blind Boo are total morons and useful idiots.

Do you know why Obama allowed Putin to take Crimea, and allowed him to take Belarus which is in Russian Control? No, you don't because you are a useful idiot.

Do you know why Putin now wants control or Ukraine? Nope, again you and Blind Fool are useful idiots.

Do you know what the Dnieper River is, and what the Dnieper Canal is?

Dnieper - Wikipedia

en.wikipedia.org

https://en.wikipedia.org/wiki/Dnieper–Bug_Canal

Putin wants control of it to make it easier for Russia to arm their Navy and have easier access to The Black Sea so they can project more military power in to The Mediterranean and Middle East.

Seriously, you morons are so stupid I am surprised you can tie your own shoes.

Keep pushing Russian Propaganda while Putin continues to play chess and you and Fool Biden, and Blind Fool, and Fool You play checkers.

You people are so stupid that you should just do the world a favor and quit exhaling CO2 and help save the planet.

Dittos

 

[Not a Monkeys Uncle]

Opinion | No One Falls for Biden’s Gas-Price Blame Game

The problem at the pump has been caused by the reduction in domestic production and inelastic demand.

www.wsj.com

 

[Nova78]

Biden Shuts Down Keystone Pipeline, Removes Sanctions From Nord Stream 2, Then Imports Tons of Oil From Russia

Maintenance Mode

Site will be available soon. Thank you for your patience!

djhjmedia.com

To be fair, Biden is not just importing oil from Russia, he is importing oil from Iran also. But the bigger question might be what are the cuts for Hunter and The Big Guy? Someone is benefiting from all of this at the expense of Americans. Might as well go with the most likely ones first. Under Trump, this country reached energy independence for the first time, and under Biden, it has gone to hell in a handbasket.

Energynow.com reports:

One year since President Joe Biden cancelled approval for the Keystone XL pipeline from Canada, and the United States’ thirst for oil is as strong as ever and rising.

U.S. oil imports from Saudi Arabia and Russia have increased, and gasoline prices are higher than they have been in the last five years.

“[Keystone XL] was a missed opportunity to increase North American energy security, lower costs for American consumers and reduce dependence on foreign energy sources that are hostile to U.S. interests,” says Frank Macchiarola, senior vice-president with the American Petroleum Institute.

Renewable energy in the U.S. is growing, and demand for oil continues to surge.

Consumption in 2023 is expected to reach 17.2 million barrels per day, higher than before the COVID-19 pandemic, according to the U.S. Energy Information Administration.

Before President Biden’s cancellation in January 2021, Canadian oil producers remained committed to Keystone XL despite waiting nearly 12 years for the project to go ahead.

In 2018, a decade after the first regulatory application, Keystone XL had 20-year shipping commitments for about 60 per cent of its capacity. In 2020, that increased to nearly 70 per cent.

The U.S. Gulf Coast is the world’s largest processing region for what is known as “heavy oil,” and Alberta is the world’s largest heavy oil producer.

“Keystone XL was probably one of the largest pipeline projects proposed that would have tied Canadian supply to the U.S. Gulf coast as a bullet train express,” says Kevin Birn, chief analyst, Canadian crude oil markets with consultancy IHS Markit.

The most recent data from the U.S. Energy Information Administration shows that in May, 844,000 barrels of oil were imported from Russia. This makes Biden the real Putin puppet. Was it for profit or for blackmail? We may never know, but we do know it was not done for the American people.

What do you expect, you elected a sock puppet.