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If they are successful in negotiations with Iran over a new nuclear agreement, the ppb may drop. Trump's trade wars, sanctions and tariffs have been such a flop.Wrong. Biden is driving up oil prices. It's deliberate policy.
The US has the highest lift costs in the world, that's why OPEC is always a little cheaper.Doesn't do any good to present facts to this moron. He's an obtuse troll.
Nope. We use about 20 million bpd and produce about 10 million bpd.It means we were drilling enough oil for our own needs.
You are pretty dumb, that is your definition of energy independence.Nope. We use about 20 million bpd and produce about 10 million bpd.
We import between 7 and 9 million bpd.You are pretty dumb, that is your definition of energy independence.
So what, nobody disputed that, asked about that nor was commenting on that.We import between 7 and 9 million bpd.
We have never been energy independent.So what, nobody disputed that, asked about that nor was commenting on that.
Try and keep up, maybe try reading real slow.
That's obvious horseshit.We have never been energy independent.
Except of course when under Trump we became an energy exporter.We have never been energy independent.
Never. It's another Trump lie. Why do you think we buy oil from Mexico, Venezuela, Russia and Canada?That's obvious horseshit.
Lol. You're a fool.Except of course when under Trump we became an energy exporter.
And of course, you are right if you state, Democrats will never allow the USA to be energy independent.
Jim H - VA USAHow much oil did those leases produce in 2021? How much oil was Keystone XL transporting?
The answer is ZERO. In fact there would not be a single drop of oil that would be available in the market from these exploration and pipeline projects for years and years.
So again, when you say Biden caused a raise in oil prices wtf are you talking about?
Democrats will never allow the USA to be energy independentLol. You're a fool.
. We export 3-5 million bpd, stupid.Democrats will never allow the USA to be energy independent
I gave you a thumbs down and did not comment because your errors should be obvious to anyone with half a brain.Jim H - VA USA
Whats-a-matter buddy? You stick your thumb down, but can't find big boy words to try to maintain your bullshit?
You raise a very important point.This thread didn't age well, did it? LoL. I guess Biden releasing 50 million barrels from the Strategic Oil Reserves didn't work out, eh? What a dipshit.
Seems to me that Clinton was the first I ever heard of taking a large chuck of it--seems like it was done to cover a political move as well.You raise a very important point.
The Strategic Petroleum Reserve is intended to be used in time of crisis, when oil supply is insufficient for national needs.
Drawing it down to reduce the increase in gasoline prices at the pump is a political action which actually harms national security. It's one more terrible decision by the Biden Admin.
Granted, Trump drew it down 9% in four years, but Biden has drawn it down >6% in one year. If Biden had a "drill baby, drill" policy, it would be okay, but he doesn't.
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True, but Trump did it during a time when we were in a strong energy position. Biden did it to score political points while we are in a very weak energy position. As most of us knew, it would result in a brief drop in oil prices. We are being led by a complete idiot.You raise a very important point.
The Strategic Petroleum Reserve is intended to be used in time of crisis, when oil supply is insufficient for national needs.
Drawing it down to reduce the increase in gasoline prices at the pump is a political action which actually harms national security. It's one more terrible decision by the Biden Admin.
Granted, Trump drew it down 9% in four years, but Biden has drawn it down >6% in one year. If Biden had a "drill baby, drill" policy, it would be okay, but he doesn't.
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I agree that there is a complete idiot in the WH. LED, not so much.True, but Trump did it during a time when we were in a strong energy position. Biden did it to score political points while we are in a very weak energy position. As most of us knew, it would result in a brief drop in oil prices. We are being led by a complete idiot.
