US democrats again vote against American oil production

[marke]

Why would democrats vote against American oil independence? Because they stupidly think gasoline and diesel are bad and should be eliminated, regardless of the cost to poor people and the economy.

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Legislation promoting U.S. energy independence from Russia has been blocked by House Democrats.

 

[User Name]

Why would democrats vote against American oil independence?

The truth against your lies, right here:

https://twitter.com/i/web/status/1499835688958631936

 

[marke]

The truth against your lies, right here:

https://twitter.com/i/web/status/1499835688958631936

Psaki alludes to the fact that Biden and democrats fully intend to shut down coal and oil, eliminating gas and diesel vehicles, and forcing America to use only expensive, low-quality, inefficient alternative sources. That is why Americans are now paying $1.50 per gallon more under Biden than we were under Trump. Democrats are hooked on stupidity and they are intent on pursuing their stupid agenda no matter how much it makes poor Americans suffer.

 

[User Name]

Psaki alludes to the fact that Biden and democrats fully intend to shut down coal and oil

You missed it completely and doubled down on your delusions, as is par for the course for you.

Oil/gas companies, right now, have over 9,000 unused approved permits to drill in the US. Of the 37+ million acres under leases onshore and offshore to the oil and gas industry, nearly 60% are not being produced. Petroleum companies have been buying leases and letting them sit idle. It’s a good way for them to reinvest profits, avoid taxes, obtain new leases when prices are low, and block out competition. The narrative that government needs to open more land is their attempt to grab cheap leases. So when you say that the Biden administration is preventing drillers from drilling and producing new oil in the US, you're lying.

In other words, the petroleum industry is purposely being slow to increase production because their strategy is to let the price of oil go up so they can reap huge profits from higher prices. OPEC is doing the same thing right now.

 

[marke]

You missed it completely and doubled down on your delusions, as is par for the course for you.

Oil/gas companies, right now, have over 9,000 unused approved permits to drill in the US. Of the 37+ million acres under leases onshore and offshore to the oil and gas industry, nearly 60% are not being produced. So when you say that the Biden administration is preventing drillers from drilling and producing new oil in the US, you're lying.

Petroleum companies have been buying leases and letting them sit idle. It’s a good way for them to reinvest profits, avoid taxes, obtain new leases when prices are low, and block out competition. The narrative that government needs to open more land is their attempt to grab cheap leases.

In other words, the petroleum industry is purposely being slow to drill because their strategy is to let the price of oil go up so they can reap huge profits from higher prices. OPEC is doing the same thing right now.

Americans are not as concerned about how many vacant lots are not being used by oil companies as they are about how many oil and gas operations Biden has shut down to cause gas prices at the pump to rise more than $1.50 per gallon.

 

[User Name]

Americans are not as concerned about how many vacant lots are not being used by oil companies as they are about how many oil and gas operations Biden has shut down to cause gas prices at the pump to rise more than $1.50 per gallon.

You missed it, again. Biden hasn't shut down any currently ongoing production. Oil/gas companies, right now, have over 9,000 unused approved permits to drill in the US. Of the 37+ million acres under leases onshore and offshore to the oil and gas industry, nearly 60% are not being produced. Petroleum companies have been buying leases and letting them sit idle because their strategy is to let the price of oil go up so they can reap huge profits from higher prices.

Biden isn't causing the price of oil to go up, the oil industry is. But I realize that you are too deluded to understand this.

 

[marke]

You missed it, again. Biden hasn't shut down any currently ongoing production. Oil/gas companies, right now, have over 9,000 unused approved permits to drill in the US. Of the 37+ million acres under leases onshore and offshore to the oil and gas industry, nearly 60% are not being produced. Petroleum companies have been buying leases and letting them sit idle because their strategy is to let the price of oil go up so they can reap huge profits from higher prices.

Biden isn't causing the price of oil to go up, the oil industry is. But I realize that you are too deluded to understand this.

Let's start with the Keystone Pipeline that the buffoon-in-chief shut down on practically his first day in office. What an idiot. He is the last person who should be running things from his super-rich Delaware mansion basement.

 

[User Name]

Let's start with the Keystone Pipeline

More deflection and whataboutism from you, as expected. Keystone Pipeline has no effect on production or on the current price of oil/gas.

 

[marke]

More deflection and whataboutism from you, as expected. Keystone Pipeline has no effect on production or on the current price of oil/gas.

Lefties struggle to explain why the price of gasoline has risen so drastically under Biden from where it was under Trump. The left-wing dummies come up with all sorts of reasons that have nothing to do with the real cause that is Biden's bad policies. Americans have voter-frauded a buffoon into the office and are now paying billions more in rising costs resulting from his very bad policies.

 

[User Name]

Lefties struggle to explain why the price of gasoline has risen so drastically under Biden from where it was under Trump.

There is no struggle to explain this, as I have explained this already. Here it is again:

Oil/gas companies, right now, have over 9,000 unused approved permits to drill in the US. Of the 37+ million acres under leases onshore and offshore to the oil and gas industry, nearly 60% are not being produced. Petroleum companies have been buying leases and letting them sit idle because their strategy is to let the price of oil go up so they can reap huge profits from higher prices.

Production was cut during the pandemic due to the drop in demand, and they have been slow to ramp production back up, but that is no fault of Biden's at all. The petroleum industry's current strategy is to let the price of oil go up so they can reap huge profits from higher prices. OPEC is doing the same thing. Hysteria over Russia's warmongering in Ukraine also drives the price of oil up.

The petroleum industry will eventually ramp up production and bring the price down, but they are taking their time to do that because, for the time being, they want higher prices and more profits.

 

[marke]

There is no struggle to explain this, as I have explained this already. Here it is again:

Oil/gas companies, right now, have over 9,000 unused approved permits to drill in the US. Of the 37+ million acres under leases onshore and offshore to the oil and gas industry, nearly 60% are not being produced. Petroleum companies have been buying leases and letting them sit idle because their strategy is to let the price of oil go up so they can reap huge profits from higher prices.

Production was cut during the pandemic due to the drop in demand, and they have been slow to ramp production back up, but that is no fault of Biden's at all. The petroleum industry's current strategy is to let the price of oil go up so they can reap huge profits from higher prices. OPEC is doing the same thing. Hysteria over Russia's warmongering in Ukraine also drives the price of oil up.

The petroleum industry will eventually ramp up production and bring the price down, but they are taking their time to do that because, for the time being, they want higher prices and more profits.

Claiming government policy is not affecting gas prices is stupid. Biden's policies are driving up prices no matter who he tries to blame to the contrary.

Biden’s renewable energy rush is making gas prices skyrocket

Biden and the Democrats’ plan to slowly suffocate the oil and gas industry will make all Americans worse off.

thehill.com

The Biden administration exacerbated the inflation of gas prices by both restricting the supply of oil and pressuring banks and asset managers to divest from traditional energy projects. The result of these flawed policies is weakened purchasing power for consumers and more reliance on foreign countries to keep the United States powered.

President Biden is restricting America’s ability to produce its own oil and is instead relying on foreign countries, some of which have governments run by totalitarian regimes, to produce more oil to lower gas prices. Biden’s decision to cut off avenues for more domestic supply of oil by canceling the Keystone XL pipeline and limiting exploration on federal lands and waters gives the Organization of the Petroleum Exporting Countries (OPEC) significant leverage over American energy consumption.

 

[User Name]

Claiming government policy is not affecting gas prices is stupid. Biden's policies are driving up prices no matter who he tries to blame to the contrary.

Nope, wrong. This reporting is from 4 months ago:

Gasoline prices have surged to seven-year highs and Wall Street banks are warning that $100 or even $120 oil is on its way. Yet US oil companies are in no rush to come to the rescue, leaving the White House facing pressure from its own party to intervene in energy markets.

What's changed is that, under immense pressure from Wall Street shareholders, oil companies are finally trying to live within their means. Even though crude has surged above $85 a barrel amid roaring demand, drillers are only gradually adding supply.

Normally, the best cure for high prices is high prices, which incentivize more supply. And yet, even though US oil prices have surged by more than 65% this year, US oil production is about 14% below the levels of the end of 2019, before Covid erupted.

"Stop spending like drunk sailors. That's the message from shareholders," said Pavel Molchanov, an analyst at Raymond James.

That message was heard loud and clear. Despite higher prices, 50 of the largest oil companies have increased their annual budgets by just 1% relative to their initial plans, according to Raymond James. Instead of plowing money into expensive drilling projects, the oil-and-gas industry is focused on returning cash to shareholders.

"It's not the government that is banning them from drilling more. It's pressure from their shareholders," said Molchanov.

Analysis: US oil companies are in no rush to solve Biden's gas price problem

US oil companies used to ramp up production at even the slightest hint of higher prices.

www.cnn.com

 

[marke]

Nope, wrong. This reporting is from 4 months ago:

Gasoline prices have surged to seven-year highs and Wall Street banks are warning that $100 or even $120 oil is on its way. Yet US oil companies are in no rush to come to the rescue, leaving the White House facing pressure from its own party to intervene in energy markets.

What's changed is that, under immense pressure from Wall Street shareholders, oil companies are finally trying to live within their means. Even though crude has surged above $85 a barrel amid roaring demand, drillers are only gradually adding supply.

Normally, the best cure for high prices is high prices, which incentivize more supply. And yet, even though US oil prices have surged by more than 65% this year, US oil production is about 14% below the levels of the end of 2019, before Covid erupted.

"Stop spending like drunk sailors. That's the message from shareholders," said Pavel Molchanov, an analyst at Raymond James.

That message was heard loud and clear. Despite higher prices, 50 of the largest oil companies have increased their annual budgets by just 1% relative to their initial plans, according to Raymond James. Instead of plowing money into expensive drilling projects, the oil-and-gas industry is focused on returning cash to shareholders.

"It's not the government that is banning them from drilling more. It's pressure from their shareholders," said Molchanov.

Analysis: US oil companies are in no rush to solve Biden's gas price problem

US oil companies used to ramp up production at even the slightest hint of higher prices.

www.cnn.com

Biden shut down the Keystone Pipeline, throwing thousands of people out of work to please environmentalist crazies who also want oil and gas shut down and gas and diesel vehicles banned. Don't tell me higher gasoline prices are not Biden's fault.

12 states urging Biden to ban gas and diesel cars by 2035

A dozen governors are asking President Biden to push for regulations that would ban the sale of new internal combustion engine cars across the U.S. by 2035. The states are following the lead of California, where Governor Gavin Newsom passed an executive order to the same effect last year.

www.foxbusiness.com

 

[User Name]

Biden shut down the Keystone Pipeline

So what? All the Keystone Pipeline was going to do was pump Canadian oil from Alberta down through Texas. That has somewhere between jack and squat to do with the overall price of oil, which is set by the global market and world events.

There is plenty of new drilling that petroleum companies could be doing right now, but they have simply chosen not to as of yet in order to take profits. OPEC is doing the same.

 

[marke]

So what? All the Keystone Pipeline was going to do was pump Canadian oil from Alberta down through Texas. That has somewhere between jack and squat to do with the overall price of oil, which is set by the global market and world events.

There is plenty of new drilling that petroleum companies could be doing right now, but they have simply chosen not to as of yet in order to take profits. OPEC is doing the same.

Leftists don't care that when Biden shut down the Keystone Pipeline he put multiple thousands of people and dozens of businesses out of work at a time when the economy was suffering from lack of work. At least Biden made his wild-haired, rich and careless leftist Marxists happy with the severe blow to the economy.

 

[ok doser]

Leftists don't care that when Biden shut down the Keystone Pipeline he put multiple thousands of people and dozens of businesses out of work at a time when the economy was suffering from lack of work. At least Biden made his wild-haired, rich and careless leftist Marxists happy with the severe blow to the economy.

The left intends to crash our economy. They intend to destroy America. Their goal as we saw the last few years is to have the cities burning, people shooting and robbing each other, violent criminals released without incarceration or punishment, the elderly and vulnerable exposed to disease and killed off, blacks and whites set in enmity against each other, a southern border wide open to criminals, drugs and terrorists.

 

[User Name]

Leftists don't care that when Biden shut down the Keystone Pipeline he put multiple thousands of people and dozens of businesses out of work

https://twitter.com/i/web/status/1499895262864621573

 

[marke]

The left intends to crash our economy. They intend to destroy America. Their goal as we saw the last few years is to have the cities burning, people shooting and robbing each other, violent criminals released without incarceration or punishment, the elderly and vulnerable exposed to disease and killed off, blacks and whites set in enmity against each other, a southern border wide open to criminals, drugs and terrorists.

It sounds like Hillary and Alinsky's Rulers for Radicals is in full play.

 

[User Name]

Leftists don't care that when Biden shut down the Keystone Pipeline

There was no Keystone Pipeline before the pandemic when domestic production was significantly higher than it is now. There is nothing stopping oil companies from ramping production back up to pre-pandemic levels. They just simply haven't chosen to do it yet.

 

[ok doser]

Why would democrats vote against American oil independence? .

The left in general wants to transition to a full electric economy, completely eliminating fossil fuels. The reasons behind this are largely emotional and wholly retarded. They demonstrate a complete lack of understanding of physics or engineering or supply chain or mining or refining or manufacturing or entropy or just about anything related to STEM.

The extreme left wants to destroy America - her economy, her culture, her peoples. They believe that this is the way to transition from capitalism to socialism.