Author Topic: Biden’s Gas Crisis  (Read 129105 times)

Offline avromie7

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Re: Biden’s Gas Crisis
« Reply #600 on: March 16, 2022, 04:55:08 PM »
Thats it?
I saw 4.69-4.79 in most places last week, and one $4.89. Today more are down to $4.19-$4.39.
I used this as my source

http://www.newjerseygasprices.com/retail_price_chart.aspx
I wonder what people who type "u" instead of "you" do with all their free time.

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Re: Biden’s Gas Crisis
« Reply #601 on: March 16, 2022, 05:07:31 PM »
Then we need to figure out the rest of the move up from before February.
...and then take a chill pill.
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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #602 on: March 16, 2022, 05:24:42 PM »
...and then take a chill pill.
I just want to know who can get that down now that Putin got it down close to there.
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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #603 on: March 16, 2022, 10:05:25 PM »
The Hill: Biden administration approves more LNG exports | TheHill.
https://thehill.com/policy/energy-environment/598496-biden-administration-approves-more-lng-exports

Market response: up 5%
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Offline yesitsme

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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #605 on: March 16, 2022, 11:47:43 PM »
« Last Edit: March 16, 2022, 11:51:14 PM by aygart »
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Re: Biden’s Gas Crisis
« Reply #606 on: March 17, 2022, 09:30:41 AM »
Were there any drilling permits that were taken away in the last year or two? Meaning in spots they were drilling one or two years ago are that not allowed to keep drilling?
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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #607 on: March 17, 2022, 01:58:28 PM »
Were there any drilling permits that were taken away in the last year or two? Meaning in spots they were drilling one or two years ago are that not allowed to keep drilling?
My understanding is that once it is issued it can only be revoked by finding a procedural reason.

https://www.bloomberg.com/news/articles/2021-01-29/biden-yanks-just-approved-drilling-permits-for-additional-review
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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #608 on: March 18, 2022, 11:58:06 AM »
https://www.maciverinstitute.com/2022/03/yes-biden-is-to-blame-for-the-energy-crisis-heres-why/

This is absolutely a partisan piece, but there are some good points inside

And yes, Biden’s policies have made domestic energy production more difficult and less cost-efficient…just as he repeatedly promised he would while campaigning for the presidency.

“Would there be any place for fossil fuels, including coal and fracking, in a Biden Administration?” CNN’s Dana Bash asked during a primary debate in July 2019.

“No,” Biden flatly answered. “We would work it out; we would make sure it’s eliminated and no more subsidies for either of those. No more fossil fuels.”

In case that wasn’t clear enough, two months later he told a young supporter to look him in the eyes as he promised her he would “end fossil fuels.”

“Kiddo, I want you to just take a look,” Biden said to her as he (rather creepily) grabbed her hand and leaned into her. “I want you to look in my eyes. I guarantee you, I guarantee you we’re going to end fossil fuels.”

This promise formed a cornerstone of Biden’s primary campaign, and he repeated it often.

“What about, say, stopping fracking and stopping pipelines and…” a supporter in Iowa started to ask him a few days before the Iowa Caucuses.

“Yes, yes, no pipelines, exactly,” Biden jumped in before she could even finish her question.

Even as his primary win seemed inevitable in March 2020 and he no longer needed to court the far-left environmentalist vote, Biden was still promising to decimate America’s energy sector.

“No more subsidies for the fossil fuel industry, no more drilling on federal lands, no more drilling, including offshore, no ability for the industry to continue to drill,” he declared. “It ends.”

....

Als some very good context on the "9000 unused permits"

“There are 9,000 approved drilling permits that are not being used,” White House Press Secretary Jen Psaki told reporters last week. “So the suggestion that we are not allowing companies to drill is inaccurate. The suggestion that that is what is hindering or preventing gas prices to come down is inaccurate.”

If that number is correct (and it may not be since Fiscal Year 2021 data is not yet available), it would mean that a record-high percentage of active drilling leases are being used. According to Western Energy Alliance, an energy industry trade association, there are 37,496 leases in effect. If only 9,000 are not being used, then a record 76% of them are. In other words, the American oil industry is using more approved leases than ever before.

One of the major reasons many are not being used is litigation by environmentalist groups trying to stop drilling. Western Energy Alliance alone is currently in court defending more than 2,200 leases—a full 24% of those that are not being used (because they obviously can’t be used while lawsuits against them are still pending).

Many of those that aren’t actively tied up in court are tied up in regulatory red tape. The Biden Administration has made a point to more stringently apply the National Energy Policy Act’s requirement of environmental analysis before any new lease can result in new drilling. This process can take years even when a presidential administration hasn’t made war on the energy industry one of its key policy initiatives.
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Online CountValentine

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Re: Biden’s Gas Crisis
« Reply #609 on: March 18, 2022, 12:09:12 PM »
This is absolutely a partisan piece, but
I condemn suicide bombings, but

This is how the conversation used to start with an Arab coworker. I walked away at the but.
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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #610 on: March 18, 2022, 12:16:52 PM »
I condemn suicide bombings, but

This is how the conversation used to start with an Arab coworker. I walked away at the but.
So nothing to address about the facts.
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Online CountValentine

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Re: Biden’s Gas Crisis
« Reply #611 on: March 18, 2022, 12:19:00 PM »
So nothing to address about the facts.
Did you miss the part about walking away? Let me translate for you: stopped reading at "but".

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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #612 on: March 18, 2022, 12:44:52 PM »
Did you miss the part about walking away? Let me translate for you: stopped reading at "but".


Okay so I guess I need to be more careful about how I preface solid points.
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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #613 on: March 20, 2022, 12:49:06 AM »
Yahoo News: Biden administration plans to resume plans for federal oil and gas development.
https://news.yahoo.com/biden-administration-says-resume-plans-165854221.html
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Online CountValentine

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Offline aygart

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Re: Biden’s Gas Crisis
« Reply #615 on: March 20, 2022, 10:17:41 AM »
https://www.msn.com/en-us/money/markets/surging-crude-prices-have-propelled-the-fortunes-of-us-oil-tycoons-10-to-239-billion-since-russia-invaded-ukraine/ar-AAVhT6r?ocid=msedgdhp&pc=U531

Well, that one was pretty obvious. If someone owns oil and oil is now worth more then the person has a higher net worth. Not sure why this is news. I do see how it pushes an agenda.
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Online CountValentine

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Re: Biden’s Gas Crisis
« Reply #616 on: March 20, 2022, 10:29:27 AM »
https://www.cbsnews.com/news/gas-prices-high-expensive-come-down-cbs-news-explains/?msclkid=7acb4309a85911eca243e8f024159349

3 reasons why gas prices are so high
Post-pandemic demand for gas
Cuts to oil production
U.S. sanctions on Russia impacts global market
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Offline Kobe Bryant

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Re: Biden’s Gas Crisis
« Reply #617 on: March 21, 2022, 10:47:43 AM »


D’s can’t keep a straight narrative. Gotta circle back.

Offline aygart

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Re: Biden’s Gas Crisis
« Reply #618 on: March 21, 2022, 05:20:22 PM »
Oil down 28% and gas prices down a penny or two.
Probably because of Keystone XL or Bidens policies!!!
When are people going to wake up?

[tweet]1504079409145335815[/tweet]

Also from the Denver Fed Economist
https://twitter.com/gjgolding/status/1504093103153688585
« Last Edit: March 21, 2022, 05:24:18 PM by aygart »
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Offline aygart

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