Biden Continues To Destroy U.S. Energy Independence.

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   Sharlee01posted 16 months ago

   
   
   "On top of the OPEC+ production cuts, Saudi Arabia announced it would reduce crude oil production by an additional 1 million barrels per day (b/d) for July. These additional voluntary production cuts were extended several times, and Saudi Arabia announced on September 5 that it would extend them through the end of 2023."   https://www.eia.gov/todayinenergy/detai … of%202023.
   
   Oil production in the US jumped by 1.3 million barrels per day per year over 2017-2020 and this growth halved to 0.6 million barrels per day in 2021 and 2022.
   
   So what does Joe due --- turns the screws...   It's like he has no working brain, at all.
   
   ENERGY IN AMERICA
   Biden admin proposes plan to hold fewest offshore oil drilling leases in US history   https://www.foxnews.com/politics/biden- … us-history
   
   add one plus one  --- OPEC decreases + US decreased
   output =  You paying more at the pump, to heat your home this winter.
   
   In my view, this inept man does not have one brain cell left. He continues to make problems, and will surely ignore this one as he has all of the other problems he has created.

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   Crmagooposted 16 months ago

   Isn't American crude production on pace to hit a record high currently, anyone? I seem to think that it is on course to break Trump era records?

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      DrMark1961posted 16 months agoin reply to this

      The US needs over 20 million barrels per day. If things go well they will be producitng at most 13 million per day. I am not sure of my math here but I think 13 is less than 20.
      Her point was that the US has to get that crude from somewhere.

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         Sharlee01posted 16 months agoin reply to this

         Thank you, and we pay what the global market demands. I am not sure if she understands oil companies are in business to make money and sell what they please to the world market. And we buy it back.  Our oil and gas are often owned privately in the US as opposed to being owned by the national government.  Oil companies don't want to go extinct as the global economy transitions, they will give Joe a problem every way he turns.

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            DrMark1961posted 16 months agoin reply to this

            Biden is blaming it all on the oil companies and said that it is their fault that they invest in stock buybacks instead of opening up new wells, yet at the same time is doing his utmost to make getting a new lease prohibitive and shutting down the pipeline that would have helped the US open up more fields.
            I think this is part of his anti-America OPF policy: "Other People First'".

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         Crmagooposted 16 months agoin reply to this

         I will defer to Fox News business sources.
         https://www.foxbusiness.com/energy/us-p … e-oil-2023
         
         The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.
         
         Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about 3 million bpd of refined products like gasoline and diesel fuel.  But the United States consumes 20 million barrels of crude a day, the most in the world, and its output has never exceeded 13 million bpd. Until recently, the idea that it would be anything but a big crude importer was folly.
         
         Last month, U.S. government data showed net U.S. crude oil imports fell to 1.1 million barrels per day (bpd), the lowest since record keeping began in 2001. That is down sharply from five years ago, when the United States imported more than 7 million barrels per day.
         Factors changing that equation this year include sanctions hurting Russia's exports of oil and natural gas following its invasion of Ukraine, and Washington's massive release of oil from emergency reserves to combat spiking gasoline prices.
         
         Russia's invasion of Ukraine has spurred new demand for U.S. energy and should push oil exports above imports late next year assuming shale output accelerates," said Rohit Rathod, market analyst at energy researcher Vortexa. 
         
         European refiners have snapped up U.S. grades to offset the loss of Russian oil, and with U.S. crude's deeper discounts to global benchmarks, Asian refiners have stepped up purchases to 1.75 million barrels per day, data analytics firm Kpler said.
         
         Russia has proven to be an unreliable supplier," said Sean Strawbridge, chief executive of the largest U.S. oil export facility, Port of Corpus Christi. "That really creates a wonderful opportunity for American producers and American energy."
         
         Also
         US Oil Output to Hit Record This Year, Helping Counter Saudi Cuts.
         https://www.bloomberg.com/news/articles … eddit_wall
         
         Critics accuse Biden of waging a war on the oil industry that is hurting consumers at the gas pump. And yet, on his watch, US oil production is poised to shatter all-time records set during the Trump administration.
         
         This seems to be positive news, a step in the right direction

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            DrMark1961posted 16 months agoin reply to this

            I am not sure if you remember it, but under the other US presidents there was this thing called "the strategic oil reserve" and Biden used about all of it to keep prices down before the midterm. Besides the fact that the US uses the 20 million per day, there is also going to be that pesky little problem of putting the oil back in reserve in case of emergency.
            
            That does not seem like positive news to me.

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      Sharlee01posted 16 months agoin reply to this

      Really, too bad we are not paying $2.25 as we did under Trump. Guess you buy into our economy is great too...  Tell them anything, and they believe it.  And give it a cute little name... Bidenomics.   Do you sprinkle fairy dust on your grocery receipt or your home heating bills or do you pay $2.00 and change for gas?  I don't
      
      Our production daily does not meet our demands, due to some of the oil pumped being of a grade we can refine.  We import at a price dictated by a Global market. A market that certainly never wants to close its doors for Joe's green pipe dream.

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         tsmogposted 16 months agoin reply to this

         As an aside regarding gas prices. Here in my neck of the woods, San Diego County, currently gas is at $6.25. That is about $0.92 over the last month. Newsome on Thursday instructed regulators to bump gas to the winter blend ahead of the normal Oct. 31 date.
         
         Last year the switch lowered gas prices by as much as $1.25. I think the rest of the nation is already on the winter blend. Unsure.
         
         Newsome also wants the California Energy Commission to look into whether prices are being manipulated by the industry.

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            Sharlee01posted 16 months agoin reply to this

            Newsome is a real brainchild.  However, nice hair, that could work to get him elected as the next president. (yes this was meant to be sarcastic).
            
            I hold the view that prices are being manipulated, starting from the production stage down to the pump. This situation appears to be a politically motivated strategy in the ongoing oil dynamics involving Biden. It seems those with influence over the oil market are seeking his removal, which is not surprising, considering his policies are in opposition to their interests.

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               Castlepalomaposted 16 months agoin reply to this

               Since the North star pipeline blew up. Shipping oil from the US to Europe costs 12 times more than the start of 2022 as nations continue to shun Russian crude. US is force to produce oil and gas drilling making climate charge targets a big lie again. Zero carbon target will kill everything on the planet. Replacing with electrical batteries will not solve the climate change nor energy crisis , lol. Most of the problems can be solved with uranium nuclear plants which Russia owns most of uranium again. A lose/lose again for US because  of a100 year hate for Russia. Forcing Russia into the arms of BRICS owning most of the lethium too.

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            wildernessposted 16 months agoin reply to this

            "That is about $0.92 over the last month."
            
            Which you indicate is about $2.17 over what could have been expected with the change to winter formulations.
            
            This is not possible - we are constantly being told (even on these forums) that inflation is only 3.2%.  What you are saying is a rise of 17% when it should have been a decrease.  The two (3.2% and 17%, not counting the expected decrease) are not compatible.
            
            You must be mistaken as Biden would surely not lie to us.

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               Castlepalomaposted 16 months agoin reply to this

               With the 6 countries members joining the BRICS.  They will have a triple threat toping western engery for gas and oil , uranium and lethium.  Plus gold backing creating many more trading powers than the US dollar could ever imagine.

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               tsmogposted 16 months agoin reply to this

               If the winter blend is started early with its savings I get a net savings of $0.33. I am looking at this incorrectly? Maybe I worded it incorrectly with my earlier reply. If so, Oops!

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                  Sharlee01posted 16 months agoin reply to this

                  I will share this issue -- I just look at the price at the pump. winter summer fall have been very expensive to fill up. I knew about winter gas here in Michigan due to our freezing weather. But California?   "According to AAA, winter blend gas is cheaper than summer blend gas because it is able to contain more butane. Butane is less expensive compared to other gasoline ingredients but also helps your gas ignite in lower temperatures." However, our prices for the last week have been going up.
                  
                  So, it is cheaper, I noted this week gas in California has gone up substantially., in some areas over 7$  Do you feel the winter blend will bring your gas prices down?

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                     tsmogposted 16 months agoin reply to this

                     Don't forget we have mountains like the Sierra Nevada mountain range from upper Southern California to Northern California. Here in San Diego County where I live, Escondido, it drops below freezing from time to time. We have mountains in the county as high as 6,000 feet.
                     
                     I hope the winter blend drops the price as that article I got the information from says a $1.25 decrease. But, for me filling up my 9-gal tank every 2-3 months probably means the price will be back where it was ha-ha

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               DrMark1961posted 16 months agoin reply to this

               Surely Biden would not lie! I saw a clip of Hilary on MSNBC and according to her proof it is all Russian collusion.

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                  Castlepalomaposted 16 months agoin reply to this

                  It used to be Satan did it, now it's the Russians. Politicians and powers to be, will never lie to us. ..,. ,..,...........,..,.,,,.,......Not

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