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Biden’s policies didn’t CAUSE a rise in world oil prices or the inflation but his policies did IMPACT their effect on the American People. Putting more restrictions on US Energy Companies put the US more dependent on volatile global oil markets. For inflation, his Build Back Better went egregiously beyond its stated goal of infrastructure and exacerbated inflation.Election denying. Refusing to concede. Proclaiming American political opponents are existential enemies
I voted on facts. Fact is Joe Biden didn's steal the election through mulit-state voter fraud. His policy's from Jan 21, 2021 on didn't cause the rise in world oil prices, or the inflation that followed. He didn't cause the Afghan war to go sour.......
Trumpybear's party gave away as much cash to consumers as the democrats did. The Pandemic caused oil glut and subsequent world wide lowering of production cause oil and gas prices to plummet When restrictions eased that money pushed demand and energy prices up beginning in 2020. That is where the current inflation bubble began. Not Jan 20th, 2021.The Democrat agenda has everything to do with why inflation is as bad as it is in the USA.
I have never said Biden caused inflation. I and most economists agree that he has done nothing to remedy it and in fact has seriously exacerbated it.Trumpybear's party gave away as much cash to consumers as the democrats did. The Pandemic caused oil glut and subsequent world wide lowering of production cause oil and gas prices to plummet When restrictions eased that money pushed demand and energy prices up beginning in 2020. That is where the current inflation bubble began. Not Jan 20th, 2021.
I don't think so. We, well for our refiners, the price is based on the global market price even for US produced oil. We have been oil dependent since Kennedy.Putting more restrictions on US Energy Companies put the US more dependent on volatile global oil markets
The Democrat agenda has everything to do with why inflation is as bad as it is in the USA.
Biden’s policies didn’t CAUSE a rise in world oil prices or the inflation but his policies did IMPACT their effect on the American People. Putting more restrictions on US Energy Companies put the US more dependent on volatile global oil markets. For inflation, his Build Back Better went egregiously beyond its stated goal of infrastructure and exacerbated inflation.
It’s all relative. When an Administration increases regulations on domestic oil companies, does the US dependence on foreign oil increase or decrease? Case in point, every President since Kennedy has had to go to foreign oil producers (eg OPEC, Venezuela) to ask for increased production. Does a President have more leverage when they have increased or reduced regulations on domestic oil companies? If you are OPEC and dealing with a President that has increased regulations, you have more leverage in the negotiations and less incentive to increase output.I don't think so. We, well for our refiners, the price is based on the global market price even for US produced oil. We have been oil dependent since Kennedy.
US has more leverage and impact with global oil producers when their own regulations are comparatively relaxed to what they are now.Except oil is a global commodity... and the US is producing just as much now as it did before the Pandemic hit.
When an Administration increases regulations on domestic oil companies, does the US dependence on foreign oil increase or decrease?
We're producing about a 1 mbd less. The US has almost a million producing wells but their rate of return is slowing over time and we have to drill new wells just to keep even. During the pandemic new drilling starts fell to record lows. It will take time to get back to 13 mbd, but they will get there and more.....US is producing just as much now as it did before the Pandemic hit.
Yeah, as long as you don't mind drinking dirty water... those regulations are a pain.US has more leverage and impact with global oil producers when their own regulations are comparatively relaxed to what they are now.
There is a difference between common sense regulations and egregious volume regulations that align with a stated goal to end fossil fuels in the US. And then we beg for fossil fuels from nations who are less environmentally conscious than the US.Yeah, as long as you don't mind drinking dirty water... those regulations are a pain.
There is a difference between common sense regulations and egregious volume regulations that align with a stated goal to end fossil fuels in the US. And then we beg for fossil fuels from nations who are less environmentally conscious than the US.
Where do the climate change and environmental activists rank farmland more valuable than desert? Is your argument economic or environmental?Those countries are pulling it out of a desert.
We are destroying farmland to frack the last few drops of oil.
Where do the climate change and environmental activists rank farmland more valuable than desert? Is your argument economic or environmental?
There is a difference between common sense regulations and egregious volume regulations that align with a stated goal to end fossil fuels in the US. And then we beg for fossil fuels from nations who
We've been buying foreign oil for over six decades. Well I say we but it is the refiners who buy it and we buy the finished product. Our politicians have asked over the year for the OPEC nations to increase and or decrease production to stabilizes the global prices because that what they do. Do you think Trumpybear was begging when he asked them to increase production and then later decrease production?
You are saying that the environmental and climate activists agree that the impact are minimal? Validate that one.Uh, because it's fucking desert, stupid. Nobody lives there, and the environmental impact is minimal.
Ideally, we NEED to invest in the technologies to move beyond petroleum.
You are saying that the environmental and climate activists agree that the impact are minimal? Validate that one.
I could give a shit if the economy runs on air, wind, or sun on the level that fossil fuel does. But, right now, the technologies you wish to invest in are not viable to run the economy.
What is stupid is the notion that by punishing or hindering US Fossil Fuel companies and the US economy as a result, alternative technologies that you dream of will be ready faster to sustain the economy. For this, China and all other US economic competitors are smiling.
