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Energy independence deals with supply, not with price. If the world market price for Brent Crude is $100 a barrel, that's what the oil producers in Texas will charge the domestic consumers..
Our refineries can't handle tar sand. They're set up to refine Brent Crude grades. The light sweet, "Texas Tea".
You’re own chart says America will never get back to full oil production. While every other oil producing nation went back to full capacity months ago.
Your Leftard head is so deep into Brandon’s ass you can’t even see your hypocrisy.
A low market is not foreseeable nor are we dumping Oil. It would be constitutional for congress to not allow a good to be exported. But if Chevron on Exxon can make more profit drilling in Africa than in the Gulf .... I think we know where they'll drill. And good luck arguing we should pay more now to save our oil.Nationalizing oil would optimize it so that it did not get wasted by dumping it on the market when the market is low.
When the market is low, we should be importing all the oil we can, and saving it for the coming shortage that is inevitable in the future.
And headed for ports to be shipped to China.The oil that was to flow thru Keystone was mostly from Canada.
sputniknews.com
It does take time and there's also reserve maintenance... Plus a surge in demand. You think you have all the answers. But you know little about the oil business.Every other nation went back to full capacity months ago.
You lied saying it takes time for production to get back online.
You lie for your hero Big Government Brandon.
Nope. storing oil above ground is a loser's deal. It drives prices up. Oil inventories are just in time inventories. Even nationalized countries don't store oil above ground.Nationalizing oil would optimize it so that it did not get wasted by dumping it on the market when the market is low.
When the market is low, we should be importing all the oil we can, and saving it for the coming shortage that is inevitable in the future.
You are splitting hairs yet the core remains…. Biden pursued restrictive policies on US domestic energy production without a viable alternative and the markets responded. I maintain that had Keystone moved forward, ANWAR drilling opened up, and permits not been pursued to be revoked, coal production maintained, this collective would have resulted in lower prices vs. what we are paying now. Domestic and global energy companies and nation states would respond by increasing production.No, Biden revoked their permit. Doesn't alter the fact that the courts had already shut down construction before Biden was president.
I am wrong that Keystone is not a domestic infrastructure enhancement? You keep pointing to its intended use yet it is still infrastructure on US soil that could be used in any number of ways if necessary. The environmental costs are inflated if not injured up when the reality is that transport or potential transport through pipe is less riskier compared to rail and water transport.You're wrong. Keystone XL has been a tax dodge and a lie since 2011. They make a profit and you take your lumps. The jobs claims are an obscene lie and the environmental costs are ours. These guys will pocket 10% off the top and cut construction costs.
He also never mentions God. I wonder if I am the only person that picks up on that.Funny how Russia and Saudi Arabia have no problem opening wells back up.
Funny Brandon never mentions America.
Funny indeed.
Biden: OPEC And Russia Must Pump More Oil To Help America's Working Class
Biden: OPEC And Russia Must Pump More Oil To Help America's Working Class | OilPrice.com
The refusal of OPEC+ to increase crude oil production is affecting America's working class, President Biden said at a news conference following the G20 meeting in Romeoilprice.com
How are exports controlled?A low market is not foreseeable nor are we dumping Oil. It would be constitutional for congress to not allow a good to be exported.
You are splitting hairs yet the core remains…. Biden pursued restrictive policies on US domestic energy production without a viable alternative and the markets responded. I maintain that had Keystone moved forward, ANWAR drilling opened up, and permits not been pursued to be revoked, coal production maintained, this collective would have resulted in lower prices vs. what we are paying now. Domestic and global energy companies and nation states would respond by increasing production.
Producing near record levels means nothing if Demand is not being met and restrictive policies are being pursued. The Market doesn’t listen to excuses. The Market sees a regime in the United States pursuing restrictive policies for domestic energy product and reliance. Biden and his people are no fans of US energy fossil fuels. On top of that, they can’t handle the political fallout. My advice to them is to either ease restrictive restrictions to a level that the market reacts positively to US and/or transform some of that bullshit green energy into something scalable and reliable.ANWR drilling was years away and even had Biden not revoked the Keystone permit, the courts had already shut it down anyway.
And despite that, we are producing at near record levels.
should anyone have to tell them?A former Keystone XL pipeline worker said the energy industry "tried to warn" President Biden against policies hindering U.S. oil and gas production – policies the worker said have caused the country's growing energy crisis.
"We tried to warn this administration back when they canceled the Keystone Pipeline" that it was also "canceling national security, foreign policy and energy," Neal Crabtree told Fox News. "They all kinda go hand-in-hand."
Producing near record levels means nothing if Demand is not being met and restrictive policies are being pursued. The Market doesn’t listen to excuses. The Market sees a regime in the United States pursuing restrictive policies for domestic energy product and reliance. Biden and his people are no fans of US energy fossil fuels. On top of that, they can’t handle the political fallout. My advice to them is to either ease restrictive restrictions to a level that the market reacts positively to US and/or transform some of that bullshit green energy into something scalable and reliable.
That is not enough for the Market nor does it negate the fact that Biden pursues anti US fossil fuel production. The Market is about perception. The Biden policies are perceived by the Market to be long-term harmful from an economic standpoint. Biden went too far.
That is not enough for the Market nor does it negate the fact that Biden pursues anti US fossil fuel production. The Market is about perception. The Biden policies are perceived by the Market to be long-term harmful from an economic standpoint. Biden went too far.
He doesn’t need to reinstate Keystone but opening up ANWAR and/or drilling off the continental shelfs might help.
