The U.S. Is Pumping Oil Faster Than Ever

[BlindBoo]

Prior to that US oil imports were at an all time high and our exports were virtually nonexistent.

 

[Lesh]

IF that is true, why did President Biden sell off all our oil in the Strategic Oil Reserve? Isn't that supposed to be for emergencies?

He sold some off to add oil to the market and lower prices.

Are you stupid?

You need that explained to you?

 

[Markle]

He sold some off to add oil to the market and lower prices.

Are you stupid?

You need that explained to you?

You're the one who said we (the US) do not control the price of oil, did you not?

 

[BlindBoo]

why did President Biden sell off all our oil in the Strategic Oil Reserve?

He didn't. We still have nearly 350 million barrels in reserve. Next question.

 

[surada]

surada, why do you disagree with a simple question? Do you not want people to think about that?

I'm not surprised at the price of gas at the pump. Gasoline prices have not kept up with housing, automobiles, healthcare, education, groceries etc. IMO it's still a bargain.

When the ppb goes low domestic production crashes. We have no economics of scale. Most US wells produce less than 50 barrels a day... and we have the highest lift costs in the world.

The oil companies are not the bad guys.. and the president is not controlling the industry.

 

[citygator]

^^^Haha! Another Biden cultist dutifully drops to his knees in front of Big Oil and does what he does best.

I guess "global warming" isn't an issue anymore.

lol

Deflection. Coal usage has plummeted replaced by solar and wind. Oil production is up. Everyone is happy.

 

[Weatherman2020]

No, it wouldn't. Again, it was shutdown before Biden became president.

What part of Brandon’s EO that says “pause on new oil and natural gas leases on public lands” makes you think he didn’t sanction US oil, ass kisser?

 

[hadit]

I'm not surprised at the price of gas at the pump. Gasoline prices have not kept up with housing, automobiles, healthcare, education, groceries etc. IMO it's still a bargain.

When the ppb goes low domestic production crashes. We have no economics of scale. Most US wells produce less than 50 barrels a day... and we have the highest lift costs in the world.

The oil companies are not the bad guys.. and the president is not controlling the industry.

The president, though, influences the cost to Americans, and can help push global prices up or down by support for or opposition to the use of petroleum. Quid Pro went on record as being opposed to the petroleum industry and the market reacted.

 

[Weatherman2020]

I'm not surprised at the price of gas at the pump. Gasoline prices have not kept up with housing, automobiles, healthcare, education, groceries etc. IMO it's still a bargain.

When the ppb goes low domestic production crashes. We have no economics of scale. Most US wells produce less than 50 barrels a day... and we have the highest lift costs in the world.

The oil companies are not the bad guys.. and the president is not controlling the industry.

The oil companies are not the bad guys.. and the president is not controlling the industry.

Liar. Brandon will not issue new drill permits.

 

[BlindBoo]

Liar. Brandon will not issue new drill permits.

Sneaky bastards. Leasing all that land and water for millions but wont sell them drilling permits? The hell you say.......

https://www.npr.org/2023/03/29/1166802809/gulf-of-mexico-oil-gas-leases-drilling

Coming in the wake of the Willow project, the auction in the Gulf contradicts the administration's pledges to combat climate change, Woody Martin of the Sierra Club's Delta Chapter in Louisiana told NPR.

"The sanctioning of huge fossil fuel extraction commits the U.S. to long-term fossil fuel dependency and continues a current path of rising carbon emissions that according to available science will lead to disastrous consequences and enormous costs for the U.S. and global economies," Martin said.

The American Petroleum Institute (API) cheered the sale, which it deemed "a belated but positive step toward a more energy-secure future."

 

[surada]

Tater took office in 2021, Dumbass.

By then over 200 US oil companies had declared bankruptcy.

 

[surada]

Liar. Brandon will not issue new drill permits.

US companies have thousands of concessions that they didn't use before Biden was ever elected.

 

[BlindBoo]

By then over 200 US oil companies had declared bankruptcy.

See that's further proof it's Saul Biden's fault. At least in the Neo-GOP mindset.......everything is!

 

[hadit]

US companies have thousands of concessions that they didn't use before Biden was ever elected.

You don't drill in places you're pretty sure don't have oil under them.

 

[Faun]

What part of Brandon’s EO that says “pause on new oil and natural gas leases on public lands” makes you think he didn’t sanction US oil, ass kisser?

You mean the 60 day pause which expired 2½ years ago?

 

[Nostra]

We are producing more oil than ever before and somehow that makes Republicans sad?

Newsflash...we don't control the price of oil world wide

How many barrels on Tater approved leases?

ZERO sound about right, Simp?

 

[Nostra]

He didn't. We still have nearly 350 million barrels in reserve. Next question.

When was the last time it was that low?

 

[BlindBoo]

When was the last time it was that low?

So you agree that good ol'Joe Biden didn't sell it all like the poster I was responding to stated?

1983 is my guess.

 

[Nostra]

So you agree that good ol'Joe Biden didn't sell it all like the poster I was responding to stated?

1983 is my guess.

So Tater drained us down to levels not seen for 40 years with no emergency.

 

[BlindBoo]

So Tater drained us down to levels not seen for 40 years with no emergency.

That's rich, the head whinner when gas prices were soring for everyday Americans, now pretending it was not an emergency. What are you a secret libby?