On the brink of War

[Merge]

Then why have gasoline prices gone up during Biden‘s entire presidency? Or are you going to tell me that I’m wrong that prices have not gone up? And I’m talking pre Russian invasion of Ukraine. Can’t wait for this response

It's the result of a pandemic drastically reducing demand which caused the price of oil to plummet. Oil became too cheap for US producers and we begged other countries to decrease production in order to help the price stabilize.

Trump calls on Russia and Saudi Arabia to cut oil production

Data released by the federal Energy Information Administration this week showed gasoline demand in the U.S. plummeting and oil inventories surging.

www.politico.com

Coming out of the pandemic, demand has been increasing faster than the supply.

Result = increased prices.

 

[cernjSHU]

Then why have gasoline prices gone up during Biden‘s entire presidency? Or are you going to tell me that I’m wrong that prices have not gone up? And I’m talking pre Russian invasion of Ukraine. Can’t wait for this response

Here is another piece of news:
“The Biden administration approved 3,537 permits to drill in its first year, more than the number issued by the Trump administration in each of its first three years, according to a CNN analysis of Bureau of Land Management drilling permit data. The Trump administration approved 2,658 permits in 2017, 3,332 in 2018 and 3,415 in 2019 before accelerating the number of approvals to 5,367 in 2020.”

Why record-high gas prices won't be solved by drilling more oil in the US

As gas prices skyrocket, politicians in both parties have called for a seemingly easy solution: Drill our way out of the problem.

www.cnn.com

 

[ed odowd]

I think about 100,000 leases on federal lands are drilled.The 9,000 leases not being drilled require further permits to drill and oil companies have not proceeded because they don’t have confidence Biden administration won’t put exec order on limiting further development or companies not sure ROI is there justifying investment.The political talking point will be effective for most people who have no knowledge of how oil industry works so I understand why it is being used

 

[Merge]

I think about 100,000 leases on federal lands are drilled. The 9,000 leases not being drilled require further permits to drill and oil companies have not proceeded because they don’t have confidence Biden administration won’t put exec order on limiting further development or companies not sure ROI is there justifying investment.

You're completely making that up.

9,000+ approved permits at 12/31/2021.

https://www.blm.gov/sites/blm.gov/files/docs/2022-02/FY%202022%20APD%20Status%20Report%20December.pdf

 

[Pirata]

"Nearly 27 million acres of land overseen by the federal Bureau of Land Management are currently under lease by oil and gas companies who have drilled more than 96,000 wells and continue to bid on more.

96,000 is pretty close to 100,000

Biden administration seeks to raise the price to drill for oil and gas on public lands

The royalty rate of 12.5 percent has been in place since 1920.

www.nbcnews.com

 

[Merge]

"Nearly 27 million acres of land overseen by the federal Bureau of Land Management are currently under lease by oil and gas companies who have drilled more than 96,000 wells and continue to bid on more.

96,000 is pretty close to 100,000

Biden administration seeks to raise the price to drill for oil and gas on public lands

The royalty rate of 12.5 percent has been in place since 1920.

www.nbcnews.com

Was talking about the other part where he said there are 9,000 unused leases which companies are not seeking permits for and are afraid to because of their ROI relative to Biden being in office.

They did seek and received permits.
Oil production has been increasing since he was elected and oil companies were already on pace to produce more than they ever have at some point this year.

It's fine if you people have criticisms of Biden... But the idea that he prevented us from producing more oil today is just not grounded in reality.

 

[HALL85]

Was talking about the other part where he said there are 9,000 unused leases which companies are not seeking permits for and are afraid to because of their ROI relative to Biden being in office.

They did seek and received permits.
Oil production has been increasing since he was elected and oil companies were already on pace to produce more than they ever have at some point this year.

It's fine if you people have criticisms of Biden... But the idea that he prevented us from producing more oil today is just not grounded in reality.

I think the better way to ask this question, is what is the presidents responsibility to ensure that we have a reliable and consistent flow of energy that is affordable?

Everyone knew there would be an increase in demand as the pandemic eased. What steps was he taking to mitigate this even before the invasion of Ukraine?

 

[TomWall]

Here is another piece of news:
“The Biden administration approved 3,537 permits to drill in its first year, more than the number issued by the Trump administration in each of its first three years, according to a CNN analysis of Bureau of Land Management drilling permit data. The Trump administration approved 2,658 permits in 2017, 3,332 in 2018 and 3,415 in 2019 before accelerating the number of approvals to 5,367 in 2020.”

Why record-high gas prices won't be solved by drilling more oil in the US

As gas prices skyrocket, politicians in both parties have called for a seemingly easy solution: Drill our way out of the problem.

www.cnn.com

FOX Business Network Host Breaks Down CNN and Psaki Lies on Joe Biden's Role in Record Gas Prices (VIDEO) | The Gateway Pundit | by Jim Hoft

On Monday White House Press Secretary Jen Psaki blamed Vladimir Putin for record-high gas prices.

www.thegatewaypundit.com

 

[Merge]

I think the better way to ask this question, is what is the presidents responsibility to ensure that we have a reliable and consistent flow of energy that is affordable?

Everyone knew there would be an increase in demand as the pandemic eased. What steps was he taking to mitigate this even before the invasion of Ukraine?

The reliable and consistent part is there.
The affordable part is relative. I recall paying about $3 when I moved in 2006. In today's dollars, that's about $4.30.

Not saying the government should do nothing when that happens, but what we're seeing today really isn't that historically crazy.

 

[HALL85]

The reliable and consistent part is there.
The affordable part is relative. I recall paying about $3 when I moved in 2006. In today's dollars, that's about $4.30.

Not saying the government should do nothing when that happens, but what we're seeing today really isn't that historically crazy.

But you didn’t answer my question.

 

[Merge]

But you didn’t answer my question.

The point was that he probably doesn't need to do anything on prices prior to Russia invading Ukraine. That was the free market working. Sometimes prices go up and sometimes they go down.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

 

[HALL85]

The point was that he probably doesn't need to do anything on prices prior to Russia invading Ukraine. That was the free market working. Sometimes prices go up and sometimes they go down.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

Fair enough…that’s all I was asking. So he shouldn’t have done anything.

 

[Merge]

Not in my opinion, but I'm not against higher gas prices as long as it doesn't hurt the economy.

Though, not using any gas other than my lawnmower may give me a slight bias.

 

[HALL85]

Not in my opinion, but I'm not against higher gas prices as long as it doesn't hurt the economy.

Though, not using any gas other than my lawnmower may give me a slight bias.

It doesn’t really impact me either, but it does for a lot of people less fortunate than me.

 

[Pirata]

As an aside, I am reading "Taking Paris: the Epic Battle for the City of Lights".

Its a timely read relative to the events in the Ukraine.

There was ferocious fighting to the east and north of the city. British and French troops and tanks against Rommel. Ultimately there were out manned and out gunned.

While the fighting was going on, Paris itself seemed oblivious. I think it was saved destruction by the Allies being defeated before they could mount a defense of the city itself.

When Hitler himself finally entered the City he was captivated by it. He had hopes to make Berlin what Paris was.

The clichés about the French not fighting are not justified.

My DW and I will visit this summer including Normandy. Looking forward to it.

I don't think Kiev will fair as well.

 

[Pirata]

High gas prices affect more than just what you pay at the pump.

The fuel cost for ships, planes, trains, and trucks, will cause the price of everything to go up.

 

[SHUSA]

High gas prices affect more than just what you pay at the pump.

The fuel cost for ships, planes, trains, and trucks, will cause the price of everything to go up.

heat?

 

[Pirata]

For those burning oil to heat their homes, yes.

 

[ed odowd]

I di not make up the 100,00 leases being drilled and my comments on the 9,000 were made by the petroleum institute Merge so do some research before saying another poster is making something up.

 

[Merge]

I di not make up the 100,00 leases being drilled and my comments on the 9,000 were made by the petroleum institute Merge so do some research before saying another poster is making something up.

You said 9,000 unused leases and oil companies were afraid of their roi under Biden. That’s made up nonsense.

And as I pointed out, there were 9k unused permits ready to drill… not leases that need further permits. Another part you just made up.

I’m not blaming the oil industry here either. It’s not like they flip a switch and produce oil. But blaming Biden because they need more leases to produce more oil just isn’t true. They gave plenty of available leases.

 

[ed odowd]

So when you cite a source anyone disagrees with we should say it is made up nonsense ? So you parroting Psaki nonsense on this is made up nonsense by you because I don’t believe it .Got it is childlike ,but I got it.

 

[Merge]

So when you cite a source anyone disagrees with we should say it is made up nonsense ?

I cited a source which was the agency that is actually responsible for the administration of federal lands including oil leases and permits which showed you were wrong.

You said that they required further permits which they aren't processing because they are afraid of Biden's policies impact on their ROI which is just rhetoric not really supported by reality given that there are 9k approved permits ready to drill, oil production has been steadily increasing and is on pace to exceed our highest output ever in the next year.

 

[ed odowd]

Merge I will end this going nowhere debate by simply stating that a drilling plan,equipment to drill infrastructure ,local permits on right if way etc. needed before you drill these do not exist at present for the 9000.In addition oil companies do make an ROI decision before they drill on a lease.for example west TX oil more expensive to drill than a number of other areas.I worked for a company at one point in my career that had an oil field services division and I know this is oil company approach.ROI is key determinant.Sorry If that reflects bad on Biden narrative but it really true not MADE UP NONSENSE

 

[Pirata]

The 9,000 leases not being drilled require further permits to drill and oil companies have not proceeded because they don’t have confidence Biden administration won’t put exec order on limiting further development or companies not sure ROI is there justifying investment. The political talking point will be effective for most people who have no knowledge of how oil industry works so I understand why it is being used

Ed, you could not have stated it any clearer.

Merge is citing that the the government has approved the lease but is not recognizing that is only step one before you can drill.

Biden's policies toward fossil is adding risk to the ROI. Some people don't comprehend that.

 

[Merge]

Ed, you could not have stated it any clearer.

Merge is citing that the the government has approved the lease but is not recognizing that is only step one before you can drill.

Biden's policies toward fossil is adding risk to the ROI. Some people don't comprehend that.

Not just leases... Permits. There are 9,000+ approved permits. He said they weren't going forward with the Permit applications because they were worrying about their ROI. That is wrong.

Regarding their overall ROI.
Drilling and production are both increasing under Biden. Biden will be president when they set a new record for the amount of oil produced in a month. I'm sorry, the narrative that they aren't producing more because they are afraid about Biden's policies doesn't really line up with reality.

Oil price declined in 2020 due to the pandemic and a decrease in demand. Production went down.
Demand started increasing and oil prices started to increase in 2021, production went up.

Simple as that. Not about Trump or Biden at all really.

 

[anon_ezos2e9wn1ob0]

Not just leases... Permits. There are 9,000+ approved permits. He said they weren't going forward with the Permit applications because they were worrying about their ROI. That is wrong.

Regarding their overall ROI.
Drilling and production are both increasing under Biden. Biden will be president when they set a new record for the amount of oil produced in a month. I'm sorry, the narrative that they aren't producing more because they are afraid about Biden's policies doesn't really line up with reality.

Oil price declined in 2020 due to the pandemic and a decrease in demand. Production went down.
Demand started increasing and oil prices started to increase in 2021, production went up.

Simple as that. Not about Trump or Biden at all really.

Stop making sense. Just start shouting Trump or Biden about each topic, Ed may understand that better.

 

[ed odowd]

When you can’t debate you name call kniespolice how mature of you.

 

[Pirata]

Not just leases... Permits. There are 9,000+ approved permits. He said they weren't going forward with the Permit applications because they were worrying about their ROI. That is wrong.

Regarding their overall ROI.
Drilling and production are both increasing under Biden. Biden will be president when they set a new record for the amount of oil produced in a month. I'm sorry, the narrative that they aren't producing more because they are afraid about Biden's policies doesn't really line up with reality.

Oil price declined in 2020 due to the pandemic and a decrease in demand. Production went down.
Demand started increasing and oil prices started to increase in 2021, production went up.

Simple as that. Not about Trump or Biden at all really.

I accept your points about the permits.

Here is an interesting take on why they are not being used.

Biden’s claim about drilling permits (updated)

Editor’s note, Feb. 28, 2023: This fact-check of President Joe Biden’s statement in March 2022 was based on available da

www.politifact.com

 

[Merge]

I accept your points about the permits.

Here is an interesting take on why they are not being used.

Biden’s claim about drilling permits (updated)

Editor’s note, Feb. 28, 2023: This fact-check of President Joe Biden’s statement in March 2022 was based on available da

www.politifact.com

Yeah. Not their fault either. This stuff takes time, but Biden isn't holding them back.
They may "want" more leases, because that is their business but we're not holding them back.

 

[anon_ezos2e9wn1ob0]

When you can’t debate you name call kniespolice how mature of you.

What name did I call you?

Merge has shown that USA will produce most oil ever, and you still harping about Biden, like you do on every topic. I'd say the immaturity is on your end as you cant look or accept data that goes against your predetermined view.

Wheres Hunter?!?!

 

[ed odowd]

Your reference to put in terms of Trump or Biden is slight to me meaning I can’t understand something because you and merge feel I can’t understand your position on the oil leases.This is an opinion board people will disagree.I have a BS and MBA and had forty years experience in business finishing my career as a Managing Director for an Investment Bank.After retiring I became a FINRA arbitrator a position I currently.This is not to brag about my career simply to indicate I can understand complex topics maybe even better than you so you don’t need to put your points in political terms for me to understand them.

 

[SHUSA]

When you can’t debate you name call kniespolice how mature of you.

what name did he call you lol?

 

[ed odowd]

Debate over no need for you to jump in SHUSA.

 

[SHUSA]

Debate over no need for you to jump in SHUSA.

i was late to the punch. disregard.