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One reason is fewer Federal land oil exploration leases signed by Obama.
Note under Obama 7 of 8 years were fewer leases than the year before.
Under Trump each year there were more leases except 2020 ...Covid influence.
Well that's why gas prices in 2020 nationally averaged $1.938/gallon.So, we imported less oil from Russia because we had less Federal land oil exploration leases signed by Obama.
That does not really make much sense, but if you say so.
Yet each year under Trump Russian oil imports grew, so I guess there is a correlation between Russian imports and leases in the US.
Who would have thunk it
Well that's why gas prices in 2020 nationally averaged $1.938/gallon.
Because if the price per barrel falls too low US producers go bust. The US has the highest lift costs in the world.Why did the capitalist pigs slash production when gasoline was so cheap,
Why did the number one capitalist threaten Russia and SA into slashing production when gasoline was so cheap?
You wrote...."massive amounts from Russia"????Yep, gas prices were low because we imported massive amounts of oil from Russia and demand was in the toilet due to a pandemic. The good old days.
Then US producers slashed production by 26% and the POTUS got Russia and SA to slash theirs even more.
And the result of that is we are where we are today.
So in 2019 the US imported 9 million bpd.You wrote...."massive amounts from Russia"????
FACT:6% from Russia?? Is that "MASSIVE"?
View attachment 627820
AND did you note the Export column... 8.47 bpd ...exported... net .67 million bpd.So in 2019 the US imported 9 million bpd.
www.reuters.com
www.reuters.com
www.politifact.com
We still imported more than we exported. Imports are cheaper than US crude.AND did you note the Export column... 8.47 bpd ...exported... net .67 million bpd.
Now the next point is you'll say "then how were we "energy independent"????
The Trump administration on Friday announced it would open up over 720,000 acres of federal land in California for oil and gas development, ending a five-year moratorium on leases in the state.
Biden cancelled!Trump administration opens up drilling on federal land in California
The Trump administration on Friday announced it would open up over 720,000 acres of federal land in California for oil and gas development, ending a five-year moratorium on leases in the state.
President Donald Trump has made it a priority to speed permitting and reduce regulation as a way to boost production of oil, gas and coal from public lands - an agenda that has pleased the energy and mining industries but outraged environmentalists concerned about pollution and climate change.
Biden prefers that the USA IS NOT energy independent as it was for the FIRST time In 2019, as was the case in March, the U.S. produced slightly more energy than it consumed.Under Trump, U.S. drilling permits on federal lands soar
The United States approved nearly 40 percent more oil and gas drilling permits on public lands in 2018 than it did the previous year thanks to an automated online system introduced in the waning days of the Obama administration, helping reduce a big backlog of applications.
Specifically, Americans used about 100.2 quadrillion Btu of energy and produced about 101 quadrillion Btu.
Broken down by month, there were seven months in 2019 where energy production outpaced energy consumption.
Previously, the U.S. had been a net energy importer since 1952.
Do Biden orders affect US energy independence?
During his first eight days in office, President Joe Biden issued executive orders that would curtail the production and
And who disputed that? No one disagreed. But I'm so surprised at your anti-green attitude. You are not environmentalist are you!We still imported more than we exported. Imports are cheaper than US crude.
Prove it! Why do you make any bold, subjective, personal observation? That's what people with Zero IQ do!Because if the price per barrel falls too low US producers go bust. The US has the highest lift costs in the world.
Oil needs to be $88/bbl to make US Shale oil productive.Prove it! Why do you make any bold, subjective, personal observation? That's what people with Zero IQ do!
Prove it!
knoema.com
That's good info...and looking at your link though I didn't see $88/bbl for US shale... I saw $73 though soOil needs to be $88/bbl to make US Shale oil productive.
Cost of Oil Production by Country - knoema.com
(Oct 2018) Global oil prices have fallen by more than 30 percent since the summer of 2014, affecting oil producers and consumers alike. This dashboard presents oil price dynamics and the breakeven oil prices—minimum oil price to cover general government expenditures—over the past decade as well...
