Sandbar
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So if we threatened to drill where we have barrels of oil in the billions......
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Political Thread Part 2
- Thread starter NCHighCountryWX
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Downeastnc
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Oil prices are already coming back down on average $20 from earlier this weeks high, prices are being kept high to offset the losses the oil companies saw during the pandemic, the reason it jumped from $3 to $4.50 is Russia invading Ukraine, if Ukraine had not happened gas would still be $3-3.5 largely due to oil companies choosing profits over increased production....its why they waited till oil had gotten well into the $60-$80 a barrel range to start ramping up.....The US oil companies are EXPORTING record amounts of of oil right now.....
So if US oil production the first year under Biden is on par with what Trump admin saw how is this Biden's fault? If there are more open leases under Biden than Trump but US oil companies choose to take record profits from higher oil prices instead of increasing production how is that Biden's fault? US oil companies are actually increasing production fairly quickly now and EXPORTING most of that oil lol....so how is that Biden's fault. US refineries are still not at 100% either as they come back online from shutdown/maintenance due to decrease demand during the pandemic, most are still not operating anywhere close to capacity. What we have seen is a perfect storm, and if anything shows why its so important that going forward we try to find ways to get away from oil, this kind of thing is going to become more and more common as the supply runs out.
So if US oil production the first year under Biden is on par with what Trump admin saw how is this Biden's fault? If there are more open leases under Biden than Trump but US oil companies choose to take record profits from higher oil prices instead of increasing production how is that Biden's fault? US oil companies are actually increasing production fairly quickly now and EXPORTING most of that oil lol....so how is that Biden's fault. US refineries are still not at 100% either as they come back online from shutdown/maintenance due to decrease demand during the pandemic, most are still not operating anywhere close to capacity. What we have seen is a perfect storm, and if anything shows why its so important that going forward we try to find ways to get away from oil, this kind of thing is going to become more and more common as the supply runs out.
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And imports still increased even with increased domestic output. It's almost like it trades globally.
You can certainly increase our oil production domestically and it will help supply. In the end, if global supply doesn't go up too, domestic oil gets exported to highest bidder. We were never immune to global oil shocks (even under Trump). I guess you could have government take over oil and subsidize it for US consumers (some nations do this).
All that said, you are seeing continued oil output increases both domestically and internationally since the crazy drop in 2020. Eventually the supply will catch up to demand and you'll see "normal prices". (Normal prices are not the 2020 prices)
Downeastnc
Member
The "Putin wing of the GOP" is gaining steam on Twitter.....basically anyone on the ironically named House Freedom Caucus, the group of people that support Trump the most......and we all know Trump loves Putin.....
They all pretty much opposed the Russia oil ban, idiots like Cawthorne attacking Zelensky and saying the dumb stuff he does.....
Then you had this last month were MTG speaks at a white nationalist/nazi convention amid chants of Putin....the craziest part is they are GOP, I mean when I was younger someone in the GOP would rather be caught dead than associated in any way with some former communist KGB.
They all pretty much opposed the Russia oil ban, idiots like Cawthorne attacking Zelensky and saying the dumb stuff he does.....
Then you had this last month were MTG speaks at a white nationalist/nazi convention amid chants of Putin....the craziest part is they are GOP, I mean when I was younger someone in the GOP would rather be caught dead than associated in any way with some former communist KGB.
NCSNOW
Member
The 1st year of trump was spent undoing obama/Biden. Laughable WH uses this apples to oranges. Lol anything to fog up the truth.
IF BIDEN would have just left everything alone, not 180 it. Border, keystone Afghanistan, just to name a few hed be rolling.
NCSNOW
Member
You really want to go Trump Russia???
Let me know and will bring Mr Durham in here. Your Russia collusion failed coupe attempt.
Always the pivot, out. Cause its tough defending this hot mess we all inherited.
Downeastnc
Member
Actually its compared to 2019 two years into Trumps term....good try though....in fact Bidens first year was higher than 3 out of 4 years with Trump...
Oil production in Biden’s first year on par with Trump
U.S. gas prices hit a high on March 8, and President Joe Biden warned Americans they may pay even more at the pump after
www.politifact.com
- Oil production in the U.S. in President Joe Biden’s first year was on par with 2020 and higher than in three of the four years Trump was president.
Downeastnc
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