Lets examine a graph of oil price per barrel over the past 12 months

[LAUGHatLEFTISTS]

The truth will set you free
World Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
World Oil Statistics - Worldometer (worldometers.info)
-

There was only 20 years of oil left 40 years ago.

 

[LeftofLeft]

You people whine more than a flock of pink pussies. You had better get on with claiming that Biden controls the production of oil and natural gas.

The Market controls production of oil abs natural gas. What happens wen a President or Party pushes policy that is highly restrictive or limiting on the production of oil and natural gas without a viable alternative besides foreign oil? The Market contracts, supply is limited, and prices go up. What happens when the dependency of foreign oil and energy sources necessitate and include hostile or volatile countries? The prices go up. What happens when one of those countries engages in a geopolitical event risking the supply either due to necessary economic sanctions and war? The prices go up further.

You are correct….. Presidents don’t control the production of oil and natural gas; but, clearly, their policies influence them.

 

[Meister]

Not when he left office he did not. You all keep pretending like 2020 never took place.

They cannot be turned off with just a switch.

Labor is also now a limiting factor for how many can be up and running

Of course, not when the pandemic hit. If not for the pandemic Trump would have
had a drill friendly environment for the industry. Some of these posters are implying
that Biden had done more for the industry than Trump. Biden took over at the lows
and hence, had better numbers of drilling because more and more came on line.
That is not the argument, the argument about drilling is that Trump made it a more
favorable environment for the companies to drill. Biden has not.

 

[Meister]

But the number of rigs in operation don't tell the tale. (-: Producers went bankrupt in the crash, and people aren't ready to take risk again.

2020: The Year Of The Oil Bankruptcies | OilPrice.com

Low crude prices have left the U.S. oil industry has been teetering on the edge, and even more bankruptcies are on the horizon in 2020

oilprice.com

And can you refute that Biden offered more leases than Trump? A Judge may have invalidated them, but still ....

For me, focusing on which president is more "pro energy" is really a waste of time, but it was the Trump supporters who started it.

Biden made those leases more expensive, kinda makes it counter productive because the companies have to
think twice about cost effectiveness

 

[Meister]

post#?

And for what its worth, I don't think Biden should be able to levy environmental taxes on producers..

45

 

[OKTexas]

As I said earlier in this topic, a president has very little influence over global oil prices. When I was thanking Biden for the price of oil, I was being satirical. When prices are low, Biden gets no credit. When prices are high, Biden gets blamed. I was rubbing the hypocrisy of that in your faces.

Conversely, when prices were low under Trump, Trump took credit. When prices were high, Trump took no blame. Just like with the stock market.

Trump NEVER takes blame. Always takes credit. And the rubes eat it up.

If Trump were president right now, he'd be blaming the man in the moon and Pelosi for inflation and bragging about the best GDP growth in 40 years. And you and I both know that is true.

GDP more than fully fueled by inflation. Go figure.

.

 

[eagle1462010]

The barrels slated to be EXPORTED...form a pipeline not built now that wouldn't be active for a couple years in any event?

So you kill the jobs and 10 plus years of work because you like oil??

You Green Nutjobs are Locusts to cheap energy.. Then you say we are for the poor as you fuck them wirh no lube

 

[eagle1462010]

Of course, not when the pandemic hit. If not for the pandemic Trump would have
had a drill friendly environment for the industry. Some of these posters are implying
that Biden had done more for the industry than Trump. Biden took over at the lows
and hence, had better numbers of drilling because more and more came on line.
That is not the argument, the argument about drilling is that Trump made it a more
favorable environment for the companies to drill. Biden has not.

Trump hit the regulations on permits to drill. Permits could be had in dats. Biden. About 150 days. Then they raised the prices.

Under Trump oil production went up by 4 million barrels per day

 

[Lesh]

So you kill the jobs and 10 plus years of work because you like oil??

You Green Nutjobs are Locusts to cheap energy.. Then you say we are for the poor as you fuck them wirh no lube

Which has nothing to do with the oil price now.

 

[eagle1462010]

Which has nothing to do with the oil price now.

So. Shows his intent. Killed joba.

Keystone is a political issue. He has to appease the green freaks

 

[Lesh]

So. Shows his intent. Killed joba.

Keystone is a political issue. He has to appease the green freaks

Well those "green freaks" are PISSED at how many oil leases the Biden Admin has issued

 

[eagle1462010]

Well those "green freaks" are PISSED at how many oil leases the Biden Admin has issued

More BS from your side.............He appeased their asses from day 1. Now you are trying TO BLAME SHIFT the DAMAGE to the oil companies who have to SUE HIS ASS TO DRILL.

TRUMP INCREASED OIL BY 4 MILLION BARRLES A DAY PEAKING IN 2019 BEFORE THE plannedemic NUKED IT.

That is a FACT JACK. Now we have the Green Freak POTUS who is LYING HIS ASS OFF on HOW HE LOVES OIL. LMAO

 

[Harpy Eagle]

TRUMP INCREASED OIL BY 4 MILLION BARRLES A DAY PEAKING IN 2019 BEFORE THE plannedemic NUKED IT.

Since you claim it is the POTUS that increase oil production, Biden has increased oil by 1.6 million BPD in a year. Far better than Trump's 1.3 per year average.

But, most of us know that the POTUS does not actually drill any oil

 

[eagle1462010]

Since you claim it is the POTUS that increase oil production, Biden has increased oil by 1.6 million BPD in a year. Far better than Trump's 1.3 per year average.

But, most of us know that the POTUS does not actually drill any oil

I'll reply to your sorry tainted ass just this once.

Federal Onshore and Offshore Oil and Gas Leasing Pause and Review - Harvard Law School

This page tracks the federal oil and gas leasing pause and related litigation. For more on these leasing programs, see our Onshore Leasing Page and Offshore Leasing Page. If you’re a reporter and would like to speak with an expert on this rule, please email us. Quick Take The IRA makes it hard...

eelp.law.harvard.edu

BIDEN ADMINISTRATION​

Read More
Jan. 20, 2021 DOI issues Secretarial Order No. 3395, announcing that the agency is temporarily suspending its authority to issue any onshore or offshore fossil fuel authorizations, including new lease sales, for 60 days.
Jan. 20, 2021 In Executive Order 13990, President Biden revokes the Trump Executive Order 13783 titled “Promoting Energy Independence and Economic Growth.” EO 13783 directed federal agencies to streamline the oil and gas leasing process and suspend, revise, or rescind regulations that burdened the development of domestic energy resources.
Jan. 27, 2021 President Biden signs Executive Order 14008, which pauses all new federal offshore and onshore oil and gas leasing pending a comprehensive review of the leasing and permitting program. The order also revokes Trump’s EO 13795.
March 15, 2021 The Biden administration asks the Ninth Circuit to dismiss the case reviewing President Obama’s withdrawing certain Arctic and Atlantic coastal areas from oil and gas leasing in light of President Biden revoking President Trump’s EO 13795 (the EO challenged in this case). The Biden administration asks the court to vacate the lower court ruling and remand with instructions to dismiss the case. League of Conservation Voters v. Trump, No. 19-35460 (9th Cir.).
March 24, 2021 Louisiana and twelve other states file a lawsuit challenging President Biden’s pause on new federal oil and gas lease sales arguing that the Outer Continental Shelf Lands Act (OCSLA) and the current 5-year Leasing Program prohibit the moratorium. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
April 13, 2021 The Ninth Circuit dismisses the appeal of the March 29, 2019 decision by a federal judge to reinstate President Obama’s withdrawals of Arctic and Atlantic areas from oil and gas leasing because President Biden’s Executive Order 13990 revoking Trump’s EO 13795 rendered the appeal moot. League of Conservation Voters v. Trump, No. 19-35460 (9th Cir.).
June 15, 2021 A federal judge in the Western District of Louisiana issues a preliminary injunction blocking President Biden’s pause on oil and gas lease sales. The court holds that the leasing moratorium violates statutory authority given to DOI, the Bureau of Land Management, and BOEM under the Outer Continental Shelf Lands Act and the current 5-year leasing program. The judge further holds that the immediate impact of the pause renders the preliminary injunction an appropriate remedy and that the DOI may not continue to pause upcoming Lease Sales 257 or 258. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 9, 2021 Plaintiff states file a motion asking the court to order Lease Sale 257 and asking the federal government to show why its failure to make the sale does not put it in contempt of the preliminary injunction. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 16, 2021 The Biden administration appeals the preliminary injunction that blocked the moratorium on new federal oil and gas leasing. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 24, 2021 DOI announces that it will continue to prepare lease sales during the appeal process.
Aug. 24, 2021 The Department of Justice (DOJ) files a memorandum in response to the plaintiff states’ August 9 motion. DOJ argues that DOI had restarted the leasing program and was therefore complying with the preliminary injunction. DOJ further argues that the preliminary injunction did not require the Lease Sale to occur on any timeline, and the government was therefore entitled to complete a new environmental review. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Aug. 31, 2021 Environmental groups file a lawsuit challenging DOI’s decision to hold Lease Sale 257 in the Gulf of Mexico, seeking vacatur and injunction of the sale. The groups argue that the sale of Lease 257 violates the NEPA and the APA and estimate that the sale “will result in the production of up to 1.12 billion barrels and 4.4 trillion cubic feet of fossil fuels over the next 50 years.” Friends of the Earth, et al. v. Haaland, et al., Docket No. 1:21-cv-02317 (D.D.C.).
Sept. 17, 2021 Plaintiff states withdraw their motion to compel Lease Sale 257. Louisiana v. Biden, Docket No. 2:21-CV-00778 (W.D. La.).
Oct. 4, 2021 BOEM publishes a notice in the federal register that it will open and publicly announce bids received for oil and gas leases in the Gulf of Mexico Outercontinental Gas Lease Sale 257 on Nov. 17, 2021.
Oct. 29, 2021 BOEM publishes a draft environmental impact statement (DEIS) for Lease Sale 258, which would offer leasing for oil and gas in Cook Inlet in the Gulf of Alaska. BOEM also announces a 45-day public comment period on the DEIS.
Nov. 17, 2021 BOEM holds its largest sale ever, the Gulf of Mexico Lease Sale 257 for 308 tracts, covering 1.07 million acres of federal waters in the Gulf. In approving the sale, the DOI claimed it was acting “consistent with a U.S. District Court’s preliminary injunction.” However, environmental groups argue that this sale was not required by the June 15 preliminary injunction. These groups contend that by not conducting a new environmental review like the DOJ memo suggested was allowed, the federal government sped up the lease sale and worked against its decarbonization goals.
Nov. 26, 2021 DOI issues a report reviewing the federal oil and gas leasing process and making recommendations for reform. The report finds, among other things, that the current system does not give taxpayers fair returns and does not fully account for environmental harm, and that the current system encourages speculation by and decreases competition among oil companies. The report outlines recommendations to fix these problems and concludes that DOI is deciding how it will act on these recommendations and encourages Congress to pass reforms to the oil and gas leasing process.
Dec. 3, 2021 Democratic members of the House Committee on Natural Resources file an amicus brief in support of environmental groups challenging the Gulf of Mexico lease sale, arguing that the administration’s environmental review “substantially underestimates” the environmental harms of the lease sale. The brief also argues that the nationwide injunction issued by the District Court for the Western District of Louisiana “in no way excused” DOI’s obligations under NEPA and the APA. Friends of the Earth, et al., v. Haaland, et al., No. 21-cv-02317-RC (D.D.C.).
Jan. 19, 2022 Over 360 environmental groups sent a legal petition to the Biden administration to reduce oil and gas drilling to 98% lower than current levels by 2035. The petition explains that, without action, it will be difficult for the United States to keep its pledge to keep global temperatures from rising beyond 1.5℃.
Jan. 20, 2022 Over 80 environmental organizations sign and send a letter to the Biden administration, which urges the Department of the Interior to write a new 5-year Offshore Lease Program that bans lease sales starting in 2022. The letter also calls on Secretary Haaland to repudiate Lease Sale 257.
Jan. 27, 2022 The District Court for the District of Columbia blocks Lease Sale 257 in the Gulf of Mexico because the Department of the Interior failed to take a “hard look” at the environmental impact of the project or to account for the effect of overseas fossil fuel use when calculating climate impacts, which violated the National Environmental Policy Act. Friends of the Earth, et al., v. Haaland, et al., No. 21-cv-02317-RC (D.D.C.). For more background on the ruling, see EELP’s overview of the NEPA Review Process or visit our NEPA Tracker Page for the most up to date review requirements.
Feb. 1, 2022 The Department of the Interior mistakenly posted language on its oil and gas webpage that indicated royalty fees for leases would increase to 18.75%. The Department later removed the language, and a spokesperson for the Department said the decision to increase royalty rates was not yet final.

Any more fucking questions for me MR. BIDEN APOLIGIST.?

 

[Lesh]

And yet for all that production is UP over the last year by 16% and oil companies are admitting that they are just now INCREASING THEIR PRODUCTION?

 

[Harpy Eagle]

Any more fucking questions for me MR. BIDEN APOLIGIST.?

and yet oil production is up 1.6 million bpd in a year.

It is almost as if the POTUS does not really control oil production after all.

 

[eagle1462010]

And yet for all that production is UP over the last year by 16% and oil companies are admitting that they are just now INCREASING THEIR PRODUCTION?

Well they took out the small business Frackers with negative oil prices...........Now they own the politicians again. The small companies who get in the hunt changed the score card.

Globalist can't allow that.

 

[Harpy Eagle]

Well they took out the small business Frackers with negative oil prices...........

who are "they" and where did they touch you?

 

[watchingfromafar]

There was only 20 years of oil left 40 years ago.

By who's opinion-?
World Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
World Oil Statistics - Worldometer (worldometers.info)
-

 

[Meister]

By who's opinion-?
World Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
World Oil Statistics - Worldometer (worldometers.info)
-

WTH? We need to drill baby drill.