Depleting US Strategic Oil reserves is all about election year damage control.

[Nuthin' Fancy]

You just made that up

Sure, who gives the oil companies all the tax breaks?
Who gives them unlimited access to US federal property to drill on?
Who defends them, as they gouge the fuck out of people?

June 18 2010
The global markets (which free-market reactionaries like Congressman Joe Barton allegedly believe in) put the cost to BP of the Deepwater Horizon disaster blunder at $80 billion -- that's how much the company's market cap has declined.
Yesterday, to speed up the process of getting those damaged by BP made partly whole, President Obama successfully persuaded the company to set aside $20 billion in an escrow fund -- one quarter of what the supposedly "infallible".

So how did the Republican leadership in Congress react? Well, Congressman Joe Barton expressed his shock and horror, actually apologizing to the company for "a tragedy of the first proportion." No, he wasn't talking about the spill but about the escrow fund. Barton then went on to call the fund "a $20 billion shakedown."

 

[Mac-7]

Sure, who gives the oil companies all the tax breaks?
Who gives them unlimited access to US federal property to drill on?
Who defends them, as they gouge the fuck out of people?

June 18 2010
The global markets (which free-market reactionaries like Congressman Joe Barton allegedly believe in) put the cost to BP of the Deepwater Horizon disaster blunder at $80 billion -- that's how much the company's market cap has declined.
Yesterday, to speed up the process of getting those damaged by BP made partly whole, President Obama successfully persuaded the company to set aside $20 billion in an escrow fund -- one quarter of what the supposedly "infallible".

So how did the Republican leadership in Congress react? Well, Congressman Joe Barton expressed his shock and horror, actually apologizing to the company for "a tragedy of the first proportion." No, he wasn't talking about the spill but about the escrow fund. Barton then went on to call the fund "a $20 billion shakedown."

Now you are trying to dazzle us with bullshit

you claimed republicans want to nationalize the oil companies and thats a damn lie

document it if you can

 

[Nuthin' Fancy]

Now you are trying to dazzle us with bullshit

you claimed republicans want to nationalize the oil companies and thats a damn lie

document it if you can

Republicans may as well, they give them all the socialism they desire.

 

[wamose]

Biden's latest idiotic policy move to release 1 million barrels of oil per day from the STRATEGIC Oil Reserves is about election year desperation. His Clinton like "I feel your pain" speech rings as hollow as an empty oil pipe. The Oil reserves are there for times of extreme emergency NOT to improve poll numbers. There is NO WAY he would be doing this in a non-election year. Democrats don't give a hoot in hell about the American people, they've already proven that beyond a shadow of a doubt.

Draining our strategic oil reserve to solve our oil shortage is like Biden, shitting his pants, then putting cologne on his pants as a solution to the problem.

 

[Mac-7]

Republicans may as well, they give them all the socialism they desire.

Actually its democrats like maxine waters who openly threaten to nationalize oil companies

 

[Nuthin' Fancy]

Draining our strategic oil reserve to solve our oil shortage is like Biden, shitting his pants, then putting cologne on his pants as a solution to the problem.

Then what do Trumptards expect Biden to do?

 

[Mac-7]

Then what do Trumptards expect Biden to do?

Allow drilling on federal land

 

[Nuthin' Fancy]

Actually its democrats like maxine waters who openly threaten to nationalize oil companies

Sure, it was.
You conveniently ignored what Hoffmeister said.

"The inaction of the US congress to let us find new opportunities to drill"...............meaning federal land.

 

[Mac-7]

Sure, it was.
You conveniently ignored what Hoffmeister said.

"The inaction of the US congress to let us find new opportunities to drill"...............meaning federal land.

Hoffmeister spoke the truth

and democrat obstruction of oil production remains a problem to this day

 

[Nuthin' Fancy]

Allow drilling on federal land

They already do.
Why aren't they drilling?

March 13 2022
"In the United States, 90% of onshore oil production takes place on land that isn’t owned by the federal government. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased".
"They have 9,000 permits to drill now. They could be drilling right now, yesterday, last week, last year. They have 9,000 to drill onshore that are already approved."

The U.S. has more than 24 million acres under lease to oil and gas companies onshore — close to half are not producing.

Before drilling can occur, the lease holder has to get a federal permit. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands.

So, you're blaming Biden for something oil companies are NOT doing.

 

[Nuthin' Fancy]

Hoffmeister spoke the truth

and democrat obstruction of oil production remains a problem to this day

See above.

 

[wamose]

They already do.
Why aren't they drilling?

March 13 2022
"In the United States, 90% of onshore oil production takes place on land that isn’t owned by the federal government. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased".
"They have 9,000 permits to drill now. They could be drilling right now, yesterday, last week, last year. They have 9,000 to drill onshore that are already approved."

The U.S. has more than 24 million acres under lease to oil and gas companies onshore — close to half are not producing.

Before drilling can occur, the lease holder has to get a federal permit. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands.

So, you're blaming Biden for something oil companies are NOT doing.

Biden isn't a leader. A leader solves problems like Trump did. All Biden and his vice do is blame others for their many fuck ups.

 

[Nuthin' Fancy]

Biden isn't a leader. A leader solves problems like Trump did. All Biden and his vice do is blame others for their many fuck ups.

Really?

March 13 2020
President Donald Trump on Friday deflected blame for his administration’s lagging ability to test Americans for the coronavirus outbreak, insisting instead — without offering evidence — that fault lies with his predecessor, Barack Obama.

“I don’t take responsibility at all,” Trump said defiantly, pointing to an unspecified “set of circumstances” and “rules, regulations and specifications from a different time.”

 

[surada]

That will be a big help if he gets us into a war.

Trump authorizes release of oil from strategic petroleum reserve after Saudi attacks

Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.

www.cnbc.com

 

[surada]

Has nothing to do with the election, huh?
Sadly, it won't do that much at the pump at the end of the day.

The 'use it or lose it', is about as big of a joke as Brandon.
A lot of those leases are dry, or near dry leases, it would be stupid to do anything with them.
The rest of them are being screwed over by the costs the administration has put on them.

When they option an oil lease there's no guarantee there's oil on it. Sheesh.

 

[surada]

The subject being discussed is the depletion of the Strategic Oil Reserves to temporarily lower gas prices. You appear to be trying to redirect the discussion.

Trump Says He 'Built Up' Oil Reserve But Barrel Count Fell During His Admin

The former president attacked what he described as President Joe Biden's "futile attempt to reduce oil and gasoline prices."

www.newsweek.com

 

[surada]

Trump will make a fool of you all every time. He reduced the barrel count in the strategic oil reserves. Trump says he "built up" oil reserve but barrel count fell during his admin

 

[Mac-7]

They already do.
Why aren't they drilling?

March 13 2022
"In the United States, 90% of onshore oil production takes place on land that isn’t owned by the federal government. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased".
"They have 9,000 permits to drill now. They could be drilling right now, yesterday, last week, last year. They have 9,000 to drill onshore that are already approved."

The U.S. has more than 24 million acres under lease to oil and gas companies onshore — close to half are not producing.

Before drilling can occur, the lease holder has to get a federal permit. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands.

So, you're blaming Biden for something oil companies are NOT doing.

9,000 permits sounds like a lot but really isnt for 24 million acres

or an industry as vast as oil production

 

[surada]

9,000 permits sounds like a lot but really isnt for 24 million acres

or an industry as vast as oil production

You don't dictate how many wells US producers drill.

 

[Mac-7]

You don't dictate how many wells US producers drill.

I never said I could