The U.S. Is Pumping Oil Faster Than Ever

[Markle]

Their profit margin is about 7% for the past 50 years.

 

[surada]

I never realized you were black.

 

[BlindBoo]

I posted this for g5000 but it appears you need personal attention.
As you know, our energy prices are sky-high because that is what President Biden promised to do and did. Do you have any further questions?

So, how did we lose energy independence?​

Soon after Biden took office, the Energy Information Agency reported that the United States would begin importing more oil than it would export for 2021 and 2022. On January 27 of this year, Biden drafted an executive order largely affected the oil and gas industry. The order included the following guidelines:

• Halted new oil and gas leases on federal onshore lands such as national parks and offshore waters (however, this did not affect tribal lands)
• Directed the Secretary of the Interior to consider adjusting coal, oil and gas royalties to “account for corresponding climate costs” (i.e., the industry expected increased royalties)
• Suspended new leases, contracts, or drilling permits for at least 60 days
• Withdrew the permit for the Keystone XL pipeline

While the existing leases for companies to explore and/or drill for oil are still in existence, no new leases or permits will be given. The effect of this measure means that there are limited effects on existing lands where exploration and drilling takes place. It is expected that Americans won’t see the effects of this part of the executive order for up to ten years.

Because Biden directed the Secretary of the Interior to provide a comprehensive review of the climate impact of future oil and gas activity on public lands, companies are expecting new regulations, which are often costly to companies.

What Happened to the United States Being Energy Independent? - This Nation​

As gas prices have reached a national average of $3.42 per gallon, consumers debate whether the United States was ever energy independent. Former President Trump argued in early 2020 that America had finally attained the goal of energy independence, while pundits on the left argued that America...

www.thisnation.com

Pushing this lie again?

2023 has proven to be the most energy independent years for America since president Kennedy was in office.

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

 

[Markle]

Pushing this lie again?

2023 has proven to be the most energy independent years for America since president Kennedy was in office.

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

Your source shows nothing about us being or not being energy-independent. All you are showing is the amount of oil we import per week. What does that have to do with ENERGY independence?

Do you have a point? Obviously not.

Kindly run along now. Thank you!

 

[Markle]

I never realized you were black.

 

[surada]

Your source shows nothing about us being or not being energy-independent. All you are showing is the amount of oil we import per week. What does that have to do with ENERGY independence?

Do you have a point? Obviously not.

Kindly run along now. Thank you!

We have never been energy independent... Trump is a liar. Even the Marshall Plan was fueled by oil from the Middle East.

 

[BlindBoo]

Your source shows nothing about us being or not being energy-independent. All you are showing is the amount of oil we import per week. What does that have to do with ENERGY independence?

Do you have a point? Obviously not.

Kindly run along now. Thank you!

That is our net petroleum imports (Imports - exports). If you notice the negative numbers started showing up in 2019. That represents the first time we became energy independent (by the measure still used today). Since April of 22 the US Oil Patch has been killing it.

You're welcome.

 

[marvin martian]

I don't know anything about the price of gas in South Africa.

Damn you're stupid.

LOL

 

[BlindBoo]

We have never been energy independent... Trump is a liar. Even the Marshall Plan was fueled by oil from the Middle East.

They have to include the LNG and all the refined products we export in the formula to come up with that.

 

[Markle]

They have to include the LNG and all the refined products we export in the formula to come up with that.

Good to see that you agree, however grudgingly.

Why do you believe that it is so difficult, almost impossible, for Democrats to face facts?

 

[BluesLegend]

Law breaking Biden bitch slapped with lawsuit..."Once again, Joe Biden is unlawfully attempting to kill both Louisiana jobs and affordable energy for all Americans," Louisiana Attorney General Jeff Landry said last week. "We are yet again taking the President to court, where we trust the rule of law will be followed and Biden’s bureaucrats will be defeated."

Basically a lease sale mandated by congress in the inflation reduction act...Biden and his cronies gutted the most lucrative tracks from the sale and slapped all kinds of costly restrictions on the rest of the leases. A blatant attempt to subvert the will of the people and congress.

 

[Weatherman2020]

That article is over two years old.

A lot has changed since then.

Do try to catch up. The figures don't lie.

Because his EO is over 2 years old, duh.
Fact remains gas is 50% higher than in 19 under Trump.

 

[Weatherman2020]

Earth to Markle. See post 283.

You are posting obsolete news.

Try to catch up.

October 14, 2019

 

[Weatherman2020]

It is amusing that those of you who claim to be free enterprise conservatives have ZERO understanding of how energy markets work.

Free market?
I can drill off the California coast now?

 

[Weatherman2020]

I’m not aware of any either having or releasing reserves.

What is your point?

You’re clueless then if you’re ignorant about Joe draining our emergency reserves. Educate yourself, you’ll be voting Trump next year.

 

[g5000]

Free market?
I can drill off the California coast now?

See?

QED.

 

[g5000]

Because his EO is over 2 years old, duh.
Fact remains gas is 50% higher than in 19 under Trump.

And it is explained very clearly why in the OP link. It has fuck-all to do with Biden.

Moron.

 

[Weatherman2020]

See?

QED.

So you lied. It’s not a free market. The government- DEMOCRATS- are driving prices up.

 

[g5000]

So you lied. It’s not a free market. The government- DEMOCRATS- are driving prices up.

You just keep blasting your ignorance.

Sad.

 

[Weatherman2020]

And it is explained very clearly why in the OP link. It has fuck-all to do with Biden.

Moron.

You would believe everything MSM feeds you.
Costs are 50% higher because of Brandon.