Oil Executives Testify in Congress on High Gas Prices

[basquebromance]

i'll post the best parts of the hearing later when i have more time

Democrats’ attempt to hold oil executives “accountable” today is nothing but theatrics. High gas prices are a reality when you have a president who stifles domestic production and hands over our energy independence to the Russians

 

[Moonglow]

Prove that Russia owns US energy independence...

Country	Crude Oil Production (thousands barrels per day)	2022 Population
United States	12108	334,805,269
Russia	10835	145,805,947
Saudi Arabia	9580	35,844,909
Iraq	4620	42,164,965

Oil Production by Country 2022 - World Population Review​

 

[Moonglow]

Can people lie more to cover for the capitalist pigs?

 

[kyzr]

Prove that Russia owns US energy independence...

Country	Crude Oil Production (thousands barrels per day)	2022 Population
United States	12108	334,805,269
Russia	10835	145,805,947
Saudi Arabia	9580	35,844,909
Iraq	4620	42,164,965

Oil Production by Country 2022 - World Population Review​

In 2019 the US exported oil and gas.
In 2019 the US was energy independent
In 2021 Joe Biden declared war on oil

Opinion | Biden’s War on Oil Hits Consumers

The American energy industry is ready to help if Washington stops trying to put us out of business.

www.wsj.com

The US lost US energy independence thanks to Xiden's war on energy...

After Killing U.S. Oil Projects, Biden Begs Russia, Saudi Arabia For Help Fighting Rising Gas Prices | The Daily Wire

www.dailywire.com

After Killing U.S. Oil Projects, Biden Begs Russia, Saudi Arabia For Help Fighting Rising Gas Prices​

 

[Harpy Eagle]

In 2019 the US exported oil and gas.
In 2019 the US was energy independent

Yet oddly enough the US imported 39% more oil from Russia in 2019 than in 2018.

Hardly sounds energy independent

 

[basquebromance]

 

[basquebromance]

 

[kyzr]

Yet oddly enough the US imported 39% more oil from Russia in 2019 than in 2018.
Hardly sounds energy independent

Oil gets purchased far in advance to guarantee prices and supply.
Those contracts happen regardless of what the oil market does in the short term
The simple fact is that the US exported more than it imported, hence the "energy independent" claim.

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

 

[basquebromance]

The reason gas prices are going up is because the oil's in Louisiana and Texas and Kansas and Alaska and Oklahoma and the dipsticks are in DC

Trump made America kick butt...Biden is kicking America's butt

 

[Harpy Eagle]

Oil gets purchased far in advance to guarantee prices and supply.
Those contracts happen regardless of what the oil market does in the short term
The simple fact is that the US exported more than it imported, hence the "energy independent" claim.

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

Tis a false claim no matter who makes it. If we do not control the price of oil, we are not energy independent

 

[Admiral Rockwell Tory]

Yet oddly enough the US imported 39% more oil from Russia in 2019 than in 2018.

Hardly sounds energy independent

It is cheaper to import Russian oil to the west coast because of logistics. Much of the oil from the Trans-Alaska pipeline goes to Japan for the same reason.

Costs to export on foreign tankers was about $0.50 a barrel. Costs to move it to the US with American tankers required by law was about $5.00 a barrel years ago.

 

[Admiral Rockwell Tory]

Tis a false claim no matter who makes it. If we do not control the price of oil, we are not energy independent

It is a world market for oil. Name something we do control the price worldwide.

 

[basquebromance]

 

[kyzr]

Tis a false claim no matter who makes it. If we do not control the price of oil, we are not energy independent

"energy independence" has nothing to do with the price.
"energy independence" is defined as:

What Is Energy Independence?

There is a lot of talk about U.S. energy independence, but not much talk about what that phrase actually means.

www.forbes.com

 

[Flash]

This "unused permits" bullshit is nothing more than a Democrat talking point to hide the fact that Biden has screwed up American oil independence.

There is a lot more to getting oil to market than having a permit to extract it. The petroleum industry is one of the most regulated industries in the country and the Biden administration has used his power to put a kabosh on oil production.

I have a friend that lives in Pennsylvania. He own several hundred acres and there is oil in the ground under his property. He has one of those permits that Biden is talking about to extract the oil if he wants. He doesn't do it because it would be a low yield well. It would take oil being around $300/barrel to make it economically feasible to extract the oil.

Most of the oil extraction permits in the US are like that.

If we want to be energy independent all we have to do is do it. Like when Trump was President. During the last two years of his administration we produced more energy than we used.

Joe Potatohead fucked that up by kissing the ass of the Environmental Wackos. Shame! Shame on anybody that voted for him. We all knew he would fuck it up and he did.

 

[Harpy Eagle]

"energy independence" has nothing to do with the price.
"energy independence" is defined as:

What Is Energy Independence?

There is a lot of talk about U.S. energy independence, but not much talk about what that phrase actually means.

www.forbes.com

It tis a myth, no matter how you define it. It is one of those things the party tells you to make you think they are amazing.

 

[g5000]

i'll post the best parts of the hearing later when i have more time

Democrats’ attempt to hold oil executives “accountable” today is nothing but theatrics. High gas prices are a reality when you have a president who stifles domestic production and hands over our energy independence to the Russians

Maybe you can explain why oil production increased 31 percent in Biden's first year but only 21 percent during Trump's first year, when they both started at the same amount of production when they took office.

 

[kyzr]

It tis a myth, no matter how you define it. It is one of those things the party tells you to make you think they are amazing.

You're wrong.
You can't prove you're right.
Thanks for playing.

 

[Harpy Eagle]

You're wrong.
You can't prove you're right.
Thanks for playing.

I cannot prove Big Foot does not exist, but it is still just a myth.

 

[g5000]

This "unused permits" bullshit is nothing more than a Democrat talking point to hide the fact that Biden has screwed up American oil independence.

There is a lot more to getting oil to market than having a permit to extract it. The petroleum industry is one of the most regulated industries in the country and the Biden administration has used his power to put a kabosh on oil production.

I have a friend that lives in Pennsylvania. He own several hundred acres and there is oil in the ground under his property. He has one of those permits that Biden is talking about to extract the oil if he wants. He doesn't do it because it would be a low yield well. It would take oil being around $300/barrel to make it economically feasible to extract the oil.

Most of the oil extraction permits in the US are like that.

If we want to be energy independent all we have to do is do it. Like when Trump was President. During the last two years of his administration we produced more energy than we used.

Joe Potatohead fucked that up by kissing the ass of the Environmental Wackos. Shame! Shame on anybody that voted for him. We all knew he would fuck it up and he did.

Maybe you can explain why oil production increased 31 percent in Biden's first year but only 21 percent during Trump's first year, when they both started at the same amount of production when they took office.