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Democrats will be punished in November by not increasing domestic Oil Production (1 Viewer)
- Thread starter tonysmiles
- Start date
tonysmiles
Footballguy
The Biden supporters must be a fountain of misinformation look at the drop in production from when Biden took off in January 2020 and has never reached the level of production that it was during Trump. This is directly from EIA website.
https://www.eia.gov/petroleum/production/
https://www.eia.gov/petroleum/production/
tonysmiles
Footballguy
WTF did I just watch. I was expecting a speech from our leader that would state the ban on Russian Oil and then he would provide a solution to offset the loss of Russian oil by either drilling here domestically or purchasing it from Saudia Arabia. He did not offer a solution. This basically gives an open door to those in the Oil and Gas Industry to raise there prices.
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Cheese and Crackers
Footballguy
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Gopher State
Footballguy
Insein
Footballguy
Really? Because it looks like we're just now getting back to production levels that we had in 2018 and well below where we were in 2020 before everything was shut down.
https://www.macrotrends.net/2562/us-crude-oil-production-historical-chart
Pain at the pump has been proven to work. Many Americans were complacent when we had cheap gas and they ditched Corollas and Accords for SUVs and pickup trucks, which many didn't need. And during the prior administration, there was an attempt to reverse the emission and mileage goals, because of pushback from the industry. Remember that short-sighted thinking?
Trump weakens fuel economy standards, rolling back key U.S. effort against climate change
Trump weakens fuel economy standards, rolling back key U.S. effort against climate change
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Insein
Footballguy
So they can't compete in the market without completely manipulating the market? Then the new thing isn't good enough. Make it better and cheaper.
And I'm aware the oil companies have manipulated the market for decades and crushed innovations which is why we're in this spot. But you don't get out of it by inflicting financial burdens on the poorest groups of people with opposite manipulation. They don't have an influence that way. The poor masses have an influence when a new product that works better becomes available and eventually over takes the current model.
tonysmiles
Footballguy
Oil Industry just rebuted Biden's comment regarding 9k plus leases on Federal land that are not being utilized. Oil Industry stated the unfriendliness through environmental regulation by this Administration does not put it in the best interest to utilize those leases. Biden's environmental regulations are preventing Big Oil from drilling.
Mile High
Footballguy
I trust the oil industry less then politicians. They're gouging us and laughing all the way to the bank.
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sho nuff
Footballguy
In an attempt to claim democrats are spouting misinformation...you inaccurately claim Biden took office a year before he did.
Stoneworker
Footballguy
Mile High
Footballguy
Courtjester
The Town Drunk
I told my wife when Biden announced the Russian oil cutoff, that people are going to immediately think "fuel shortage" and panic.
I wanted to prove my theory and being my car was down to less than a 1/4th a tank, I went to the gas station 20 minutes ago (I paid 3,79 for low grade--$41.00 to fill the tank BTW). Sure enough, every single pump was being used and the station across the street was in the same state. I can only imagine we are going to see videos of stupid people filing excessive amounts of gas cans thinking the gas apocalypse is upon us. The amusing part of this whole experience was going inside the Kum and Go to get my large Diet Mountain Dew and hearing people come in and pre-pay for $10.00 or $12.00 of gas. How far are you planning on getting on those 3 gallons of gas in that Dodge Ram?
But as another idea, now is the time to buy that new SUV I want. We got a steal on our Tahoe back in 2008.
I wanted to prove my theory and being my car was down to less than a 1/4th a tank, I went to the gas station 20 minutes ago (I paid 3,79 for low grade--$41.00 to fill the tank BTW). Sure enough, every single pump was being used and the station across the street was in the same state. I can only imagine we are going to see videos of stupid people filing excessive amounts of gas cans thinking the gas apocalypse is upon us. The amusing part of this whole experience was going inside the Kum and Go to get my large Diet Mountain Dew and hearing people come in and pre-pay for $10.00 or $12.00 of gas. How far are you planning on getting on those 3 gallons of gas in that Dodge Ram?
But as another idea, now is the time to buy that new SUV I want. We got a steal on our Tahoe back in 2008.
timschochet
Footballguy
timschochet
Footballguy
timschochet
Footballguy
What are these regulations? Are they reasonable or unreasonable? Obviously drilling can’t occur without some safety regulations. How can we properly assess this situation without knowing the answer to this?
dschuler
Footballguy
The Republicans are such huge favorites to win the house and senate right now it’s hard to really do anything to further their chances anymore. They have a 73% chance to win the house and senate and almost 90% chance to win the house. It’s almost impossible to really get higher than that, especially considering the senate seats up for grabs. I don’t even think curing cancer will help.
https://www.bonus.com/election/midterms/
https://www.bonus.com/election/midterms/
timschochet
Footballguy
I speculated earlier there are a few things that could turn this around. Unlikely, but not impossible.
The biggest chance for the Democrats will come if the Supreme Court actually overturns Roe vs Wade. Not limit it further, not simply uphold the Mississippi law, but actually OVERTURN Roe. That may happen, and if it does I could see that upending the current prognostication. Maybe.
Stealthycat
Footballguy
uh ..... Biden ran on a campaign of killing Keystone XL and not drilling on public lands, go green/save the earth/electric car's rock etc etc
yes, it very much is a partisan issue
dschuler
Footballguy
Agreed. Along with some resolution and clarity with Russia/Ukraine and Iran deal, and get inflation under control. Gas and grocery prices reinforce a negative emotion because it is something you see daily. It would be a big win to get them under control. I think it’s the number one issue, even ahead of the war.
Mile High
Footballguy
So what? Nothing will get done. Republicans will remind people they don't have any answers either.
timschochet
Footballguy
It is the number one issue. And it will be very difficult to get it under control by November.
Ironically, by the time it does get under control, thanks to actions Biden is taking as we speak, the Republicans will be able to take credit for it since they will be in power at the time. But again- that’s politics.
dschuler
Footballguy
So what? So the Democrats will be punished in November, that’s the whole purpose of this thread. Not going to pretend like Republicans have answers either, because they definitely do but only until they are in charge
Mile High
Footballguy
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Stealthycat
Footballguy
Joe's plan - this is what Biden voters thought/knew/expected when voting Joe
https://joebiden.com/climate-plan/
It's clear what and how Joe campaigned on energy - on oil, drilling, electric etc ........... and people who voted him knew this was what Joe wanted to do.
Don't pretend for 1 minute ya'll didn't know Joe would do these things. C'mon ... its absolutely partisan, Democrats and Joe told everyone for a long time how it'd go if they were elected
https://joebiden.com/climate-plan/
Oil is NOT Joe's friend
- Requiring aggressive methane pollution limits for new and existing oil and gas operations.
- permanently banning new oil and gas permitting on public lands and waters, modifying royalties to account for climate costs, and establishing targeted programs to enhance reforestation and develop renewables on federal lands and waters with the goal of doubling offshore wind by 2030.
- He will not only re-establish the U.S. commitment to remove Arctic waters from consideration for oil and gas leasing, he will also work with Arctic Council member nations to extend this moratorium globally
- Expanded or established protections for more than 550 million acres of federal lands and waters and banned drilling in large parts of the Atlantic and Arctic Oceans.
It's clear what and how Joe campaigned on energy - on oil, drilling, electric etc ........... and people who voted him knew this was what Joe wanted to do.
Don't pretend for 1 minute ya'll didn't know Joe would do these things. C'mon ... its absolutely partisan, Democrats and Joe told everyone for a long time how it'd go if they were elected
urbanhack
Fight The Power!
The wealthiest 10% of Americans own a record 89% of all U.S. stocks
Seems like a great opportunity for everyone!
sho nuff
Footballguy
Yet...drilling permits are there...drilling is still happening...production is set to increase to record levels.
Obama ran on similar...yet production increased every year he was in office except down in 2016. Im guessing, Biden will have a similar track record with production going up each year he is in office. Bush, the big Texas oil guy? Saw production decrease every year he was in office.
squistion
Footballguy
Disclaimer: It is just one poll.
https://twitter.com/kylegriffin1/status/1501286634574155781
Quinnipiac poll:
Americans say 71-22% that they would support a ban on Russian oil — even if it meant higher gasoline prices in the United States.
https://twitter.com/kylegriffin1/status/1501286634574155781
Quinnipiac poll:
Americans say 71-22% that they would support a ban on Russian oil — even if it meant higher gasoline prices in the United States.
Da Guru
Fair & Balanced
What is amazing is that the price has gone up, but there have been zero disruptions in the supply of oil. No refineries that supply oil have been blown up like in the past. Also the US imports only 3% of oil supply from Russia, we can certainly make that up domestically or find an extra 1-2 or 3% from another supplier.
Stealthycat
Footballguy
but nothing like the increased production under Trump years
the permits have been a fight, it appears some are being issued now ..... but at least we can all now see this seemingly anti-Oil President was lying and catering to liberal/left voters, promising green, clean, etc to save the planet but in reality he's not going to do any of that much ??
man that's gotta be a gut punch for a candidate promising to restore the soul of the nation and bring everyone together
Shula-holic
Footballguy
All the talk of these greedy oil companies. They've been the worst sector mutual fund I've owned over the last 10 years or so. If you want a real laggard, check the returns out there.
Ruffrodys05
IBL Representative
Did you expect this clean/green and abandonment of fossil fuels promise to be accomplished in 12-15 months? If so, it tells me a lot about your understanding of the energy sector.
Shula-holic
Footballguy
sho nuff
Footballguy
Actually...yeah,
Obama took over when we were at about 5,000,000 barrels of production a year in 2008. In 2015 we were at 9,441,000...then back down to 8,844,000 in 2016. (increases of 88.8% from 08-15...and still an increase of 76.9% from 08-16).
Trump went from the 8,444,000 in 08, to 12,289,000 in 2019 and back down to 11,283,000 in 2020...increases of 39% from 16-19, and 27.6% from 16-20).
Yeah...Obama in 8 years vs Trump's 4...though, it really didn't start taking off til between 2012 and 2013....we were down after the Bush years to some pretty low levels.
To call Biden anti-oil just does not seem to go with the facts of what is really happening outside of Keystone.
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Shula-holic
Footballguy
I'm no GWB apologist, I'll happily throw insults at him all day, but 2012 and 2013 were some pretty low points in the economic cycle. That would account for those numbers. Bush may shoulder the blame because it was on his watch, but I really don't see where low production would have been an idealistic choice of his.
sho nuff
Footballguy
Sure...but his 8 years were some low production numbers in this country all the way around. Just always interesting that the Texas guy everyone claimed was so oil friendly...really wasn't as far as US production. And Mr. Anti Oil climate guy Obama increased our production big time.
Mile High
Footballguy
Good to see the oil companies are looking out for the bank accounts of the wealthiest 10% and not the pocketbooks of the rest of us.
Insomniac
Footballguy
This will last about 2 weeks after the Ukraine invasion falls out of the news cycle.
Stealthycat
Footballguy
Ruffrodys05 said:
have you not read all the targeting on oil industry Biden promised ? they've been planning for 18 months-24 months, executing for what, 17 months ?
the oil industry? Id bet they've considered a CUT in production, drive prices up and absolutely kill Democrats in the mid-terms and 2024 .... vindictive? yes .... realistic ? Yes
urbanhack
Fight The Power!
timschochet
Footballguy
I don’t troll. I explained in the Joe Biden thread why I thought the moves he was making would eventually control inflation over time. You’re free to disagree. But that’s what I believe.Shula-holic said:
quick-hands
Footballguy
He is anti-oil. The democrats are anti-oil. America knows it.sho nuff said:
Sabertooth
Footballguy
Huge favorites! This is what 6 months from now? Heck people won’t care all they have to do is put their finger on the gas scale after Labor Day and drive down costs. Nobody will remember this little glitch.
Insomniac
Footballguy
Or maybe people should realize that oil prices are relatively volatile, based on a world market, and the POTUS has little control over them. If anyone has control over the price of oil it's Saudi Arabia because they have the most oil and they (and maybe Kuwait) are the low cost producers. It seems to me that SA likes to wait until the prices hit a high point after the high cost producers invest, then they'll increase production. This tends to then drive down the price of oil until the high cost producers have to close down. Then SA will cut production to drive the price up - then rinse/repeat. There's some question if SA has reached "peak oil" but I doubt anybody outside of SA gets to see the current data.Shula-holic said:
One of the right wing talking points is if we had just allowed the Keystone pipeline everything would be solved. What's you're opinion on that?
Da Guru
Fair & Balanced
I thought it would be somewhat close but with all the dems leaving office this cycle, and the state of affairs in the country the GOP should easily take the house and senate back.
sho nuff
Footballguy
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