Should US oil cpompanies who sell their oil outside of the US lose their subsidies?

[surada]

So you lied when you claimed Trump set up your Vegetable Messiah for high gas prices.

Only when he told the Saudis to cut production.

 

[Nostra]

Nothing has changed since 2011 when they first announced the keystone XL. I don't really care about the pipeline or the aquifers it may ruin, but their lies are infuriating. Americans are easy targets.

Now that oil is pumped thru longer pipelines to the East coast of Canada, then put on ships that cruise all along our East and Gulf coasts (never a tanker spill right) to the same refineries XL would have fed. What do those tankers run on? Oh yeah, diesel.

Anyone who thinks Biden killed Keyston XL for the environment is a moron.

 

[Nostra]

Only when he told the Saudis to cut production.

Link?

 

[Nostra]

Only when he told the Saudis to cut production.

Looks like Saudi oil production has skyrocketed constantly since Biden took office.

So one again you are caught being a lying sack of shit.

Saudi Arabia Crude Oil Production - Interactive Chart

Interactive chart showing the monthly level of Saudi Arabia crude oil production back to 1994 from the US Energy Information Adminstration (EIA). Values shown are in millions of barrels produced per day.

www.macrotrends.net

 

[Ray From Cleveland]

He was unhinged and consumed with spite after his loss was announced and then ordered the complete withdrawal by Jan 15th, one week before he had to leave office.

If that was his order, why is it we didn't withdraw until seven months later?

What Truce? The one that keep Americans and out EU allies safe from attack by the Taliban. The only condition the Taliban met

We were talking about the so-called truce that we would leave Afghanistan by a certain date. Again, no new president has to honor anything not made by him unless it's signed into law.

There was nothing left in the US hand for Biden to honor. Trump gave it all away. Benedict Donnie met all the conditions and then some, while the Taliban met only one. Benedict was proud of how he hamstrung the US Military too, he bragged about what he had done.

He never hamstrung anybody. Trump's policy was that we would leave Afghanistan provided the conditions on the ground. That's why he had the Taliban by the balls. They wanted us out of there and did anything they could to make it happen. That's why there were no American solders killed during his last 18 months in office. The killing didn't take place until gutless Dementia decided to pull out.

 

[BlindBoo]

The generals lied then cuz there is video of Joe’s Taliban buddies riding around in our equipment.

Typical of the Neo-GOP's emerging anti US Military sentiment. They also testified that they didn't destroy or degrade the US equipment we gave the Afghans for their defense against the Taliban. They looked pretty disgusted with the Neo-GOP Congressmen who insinuated that they didn't follow the established protocols during a withdrawal from hostile territory. But that might be subjective.

 

[BlindBoo]

If that was his order, why is it we didn't withdraw until seven months later?

The signed order was received Nov. 11th. It was recinded on Nov. 15th presumably after the Generals explained to him the logistic would take much longer and that it would be a giant shit show! So he decide to withdraw all but 2500 troops.

We were talking about the so-called truce that we would leave Afghanistan by a certain date.

It was the only condition of the Skedaddle Accord the Taliban honored. That truce was set to end May 1st.

He never hamstrung anybody.

The only people he didn't hamstring was the Taliban and ISIS.

 

[surada]

Now that oil is pumped thru longer pipelines to the East coast of Canada, then put on ships that cruise all along our East and Gulf coasts (never a tanker spill right) to the same refineries XL would have fed. What do those tankers run on? Oh yeah, diesel.

Anyone who thinks Biden killed Keyston XL for the environment is a moron.

The US gets no benefit from the keystone XL. None.

 

[bendog]

The US gets no benefit from the keystone XL. None.

Is all the oil that would have been carried in the pipeline being sold?

 

[Nostra]

The US gets no benefit from the keystone XL. None.

Nice dodge.

and really? You think the refineries in TX that would process all that oil would do it for free? Also, some of the oil would be sold in the US, so once again you are just a lying sack of shit.

 

[surada]

Is all the oil that would have been carried in the pipeline being sold?

Yes.

 

[surada]

Nice dodge.

and really? You think the refineries in TX that would process all that oil would do it for free? Also, some of the oil would be sold in the US, so once again you are just a lying sack of shit.

Motiva is owned by the Saudis and they are fully staffed. None of the oil can be sold in the US or the Canadians lose the tax advantage and profits from the free trade zone.

 

[bendog]

Yes.

hmm. I'd say you're right on that. It seems that at best Canada was betting that is the XL existed, they'd have more investment to produce more oil. But from what little I know, there's more a shortage of investment capital than in places to try to produce oil.

 

[surada]

hmm. I'd say you're right on that. It seems that at best Canada was betting that is the XL existed, they'd have more investment to produce more oil. But from what little I know, there's more a shortage of investment capital than in places to try to produce oil.

They sell tarsands in the US for $29 a barrel. They can't give it away. If they can get it to the refineries in the free trade zone and ship it overseas they don't have to pay taxes and their profits double.

 

[bendog]

They sell tarsands in the US for $29 a barrel. They can't give it away. If they can get it to the refineries in the free trade zone and ship it overseas they don't have to pay taxes and their profits double.

I'm not sure the XL would have cost the US much, and the cost of production is somewhere around $30/bar. Obviously there's profit there. BUt investors aren't going there unless there's no cheaper place to produce ( and I suspect there are in other countries) or unless Canada 'sweetens the deal."

The objection to the XL seems more about the "environmental" cost of the $30.

imo the only real issue was how fast the xl production could have gotten to the market, but as you said, Canada seems to be able to sell what they produce. So, we're probably stuck with the price per barrel we have now with or without the xl

Biden’s Keystone XL death sentence requires Canada’s oil sector to innovate

President Joe Biden’s executive order could be fatal to the Keystone XL pipeline. The Canadian oil sector now has no choice but to innovate to survive.

theconversation.com

 

[Nostra]

Motiva is owned by the Saudis and they are fully staffed. None of the oil can be sold in the US or the Canadians lose the tax advantage and profits from the free trade zone.

A portion was to be sold in the US. You are still lying.

 

[bendog]

I don't think there's any question some of the xl oil would become gas sold in the US, but the oil that would have gone through the xl is still being sold in the global market, so there's not effect of the price of gas. That's the whole point. Unless xl somehow resulted in more oil being in the global market, there was no positive for the the US.

Although some of us would have profited from the pipeline itself, and in the refineries.

 

[skews13]

Hundreds of billions every year?

World spends $423 billion a year to subsidize fossil fuels, UN research says

UNDP Administrator Achim Steiner said he was "very worried" that we are in a "historical moment in time."

www.google.com

 

[Markle]

We always hear from the right that US oil can lower gas prices, but the truth is that the vast majority of US oil is sold to other countries, because the oil companies can make more money exporting it than selling it domestically.

I think we should stop subsidizing any oil company that does not sell at least 51% of the oil they drill in the US. The American taxpayers shouldn't be forced to subsidize companies that only care about profit and don't care about helping their country.

That's just part of the trouble with the far-left. Either they can't, or don't think.

Trade Shock: U.S. Trade Deficit in Goods Jumps 17.8% to Record $125.3 billion

After a record high in February, economists through the trade deficit in goods would shrink. Instead, it rose to a new record high in March. | Economy

www.breitbart.com

 

[Markle]

US oil companies receive hundreds of billion of dollars every year in subsidies.

Please show us those subsidies along with your reliable sources and working links.