The White House plan for cutting gas prices
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I don't know enough about the industry to comment, so I'll just throw this out there:
Yes, you can blame Biden for crazy gas prices
This July 4th, as you fill up your car or truck, you might be tempted to blame President Joe Biden for high gasoline prices.
You shouldn’t, say some experts. It’s Russian President Vladimir Putin’s fault, they say. The US had to cut off Russian oil imports to punish Putin for invading Ukraine.
Meanwhile, Biden himself has blamed the American energy industry.
“At a time of war,” Biden wrote in an open letter to the industry on June 15, “high refinery profit margins being passed directly onto American families are not acceptable… companies must take immediate actions to increase the supply of gasoline, diesel, and other refined product.”
But US refineries are already operating at 94 percent of their capacity, with US refineries in the Gulf of Mexico running at 98 percent, which is the highest rate in 30 years. Running refineries at a higher capacity than that risks damaging the equipment. As such, Biden isn’t just wrong, he insulted some of the hardest working people operating in one of the most dangerous industries in America...
This July 4th, as you fill up your car or truck, you might be tempted to blame President Joe Biden for high gasoline prices.
You shouldn’t, say some experts. It’s Russian President Vladimir Putin’s fault, they say. The US had to cut off Russian oil imports to punish Putin for invading Ukraine.
Meanwhile, Biden himself has blamed the American energy industry.
“At a time of war,” Biden wrote in an open letter to the industry on June 15, “high refinery profit margins being passed directly onto American families are not acceptable… companies must take immediate actions to increase the supply of gasoline, diesel, and other refined product.”
But US refineries are already operating at 94 percent of their capacity, with US refineries in the Gulf of Mexico running at 98 percent, which is the highest rate in 30 years. Running refineries at a higher capacity than that risks damaging the equipment. As such, Biden isn’t just wrong, he insulted some of the hardest working people operating in one of the most dangerous industries in America...
He could invoke the National Defense Act to accelerate the rate of oil and gas permits. He could set a floor of $80/barrel for re-filling the Strategic Petroleum Reserve (SPR), which would be a powerful incentive for the industry, because it would prevent prices from falling to unprofitable levels. Biden could announce trade agreements with American allies to supply them with liquified natural gas, which would incentivize more natural gas production and lower prices.
@George-K said in The White House plan for cutting gas prices:
He could invoke the National Defense Act to accelerate the rate of oil and gas permits. He could set a floor of $80/barrel for re-filling the Strategic Petroleum Reserve (SPR), which would be a powerful incentive for the industry, because it would prevent prices from falling to unprofitable levels.
How do Conservatives feel about the government meddling with production and setting prices of goods and commodities?
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About the same way they feel about The Resident screwing up the energy sector by killing the Keystone Pipeline, not drilling on Federal lands , screwing with the Gulf leases and fucking over the refinery capacity (although to be fair, the last ain't all him).
“Cry havoc and let slip the DOGE of war!”
Warning: I post things that interest me. Read and comment at your own discretion.
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About the same way they feel about The Resident screwing up the energy sector by killing the Keystone Pipeline, not drilling on Federal lands , screwing with the Gulf leases and fucking over the refinery capacity (although to be fair, the last ain't all him).
@Jolly said in The White House plan for cutting gas prices:
About the same way they feel about The Resident screwing up the energy sector by killing the Keystone Pipeline, not drilling on Federal lands , screwing with the Gulf leases and fucking over the refinery capacity (although to be fair, the last ain't all him).
But to make up for it, he is working for a gas tax holiday which will kill funding for infrastructure
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About the same way they feel about The Resident screwing up the energy sector by killing the Keystone Pipeline, not drilling on Federal lands , screwing with the Gulf leases and fucking over the refinery capacity (although to be fair, the last ain't all him).
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h/t Quirt....
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UK vs US prices over 20+ years.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@George-K said in The White House plan for cutting gas prices:
UK vs US prices over 20+ years.
That’s the point that @Doctor-Phibes is trying to make. The gas prices are not a US issue alone, and from that line of reasoning it seems to them that there is little or nothing that Biden has done or could do to affect the gas prices.
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Either that, or the expertise of the leadership of both countries are inextricably tied together by the Illuminati or somebody similar, which I suppose is always possible
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@Jolly said in The White House plan for cutting gas prices:
Question...Everybody knows Joe doesn't write his own Tweets. Wonder who does?
I've written Tweets, Facebook posts, hell recorded reels and the like for Important People before. I've never done it on the govvie/political side of things, but I'd be willling to bet it's pretty much the same shit:
It's a media team. Couple of doers who write the stuff/take the photos/put it all together, a manager who reviews the work who may or may not be in contact with the Important Person and has the conversation with them. Once all is approved, it gets punted out.
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@Doctor-Phibes said in The White House plan for cutting gas prices:
Either that, or the expertise of the leadership of both countries are inextricably tied together by the Illuminati or somebody similar, which I suppose is always possible
Of course, the flip side of this is the very real fact that oil IS a global market, as a result, Biden's actions DO have an impact on the global oil prices.
What do you think happens to the global market when the President of the world's largest oil-producing country in the world and the largest oil-consuming country in the world attacks the entire industry? When the guy campaigns on ending fossil fuel? When the first thing he does as President is to kill a major pipeline and cut many of the exploratory leases in the US? Pricing is based on more than just supply and demand. It's also based quite a bit on confidence levels. Biden is taking no steps to instill confidence. He is still stating every single day about how this is an incredible opportunity to end fossil fuels.
Putin exacerbated the situation, but the world has been seeing rising oil prices since Biden took office and a lot of that has been directly tied to Biden's politics.
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A red letter day indeed - somebody we’ve never heard of said something stupid on Twitter
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A red letter day indeed - somebody we’ve never heard of said something stupid on Twitter
@Doctor-Phibes said in The White House plan for cutting gas prices:
A red letter day indeed - somebody we’ve never heard of said something stupid on Twitter
See "rando" comment in my post.
ETA: But apparently she has almost 11 thousand people who hear what she wants to day.
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@Doctor-Phibes said in The White House plan for cutting gas prices:
A red letter day indeed - somebody we’ve never heard of said something stupid on Twitter
See "rando" comment in my post.
ETA: But apparently she has almost 11 thousand people who hear what she wants to day.
@George-K said in The White House plan for cutting gas prices:
ETA: But apparently she has almost 11 thousand people who hear what she wants to day.
I've seen dumber and more annoying people with a lot more followers. 8 million people follow that odious twat Piers Morgan. That's more than fucking Hitler had.
But really, complaining about pointless cretins on Twitter is like complaining about the smell of shit emanating from the local pig farm. If I didn't like it, I probably shouldn't have moved next door.
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@George-K said in The White House plan for cutting gas prices:
ETA: But apparently she has almost 11 thousand people who hear what she wants to day.
I've seen dumber and more annoying people with a lot more followers. 8 million people follow that odious twat Piers Morgan. That's more than fucking Hitler had.
But really, complaining about pointless cretins on Twitter is like complaining about the smell of shit emanating from the local pig farm. If I didn't like it, I probably shouldn't have moved next door.
@Doctor-Phibes said in The White House plan for cutting gas prices:
But really, complaining about pointless cretins on Twitter is like complaining about the smell of shit emanating from the local pig farm. If I didn't like it, I probably shouldn't have moved next door.
Well, there's the post of the day.
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Federal Oil Leases Slow to a Trickle Under Biden
The Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land than any other administration in its early stages dating back to the end of World War II, according to a Wall Street Journal analysis.
President Biden’s Interior Department leased 126,228 acres for drilling through Aug. 20, his first 19 months in office, the analysis found. No other president since Richard Nixon in 1969-70 leased out fewer than 4.4 million acres at this stage in his first term.
Harry Truman was the last president to lease out fewer acres—65,658—in 1945-46, when offshore drilling was just beginning and the federal government didn’t yet control the deep-water leases that have made up the largest part of the federal oil-and-gas program in modern times.
Mr. Biden pledged to stop drilling on federal lands as a candidate, saying the nation needs to transition to clean energy. He softened his stance as oil prices soared following Russia’s invasion of Ukraine—calling for boosting oil supplies to ease runaway inflation—but he has nonetheless spurned a leasing program that for decades has been a go-to asset for presidents looking to raise U.S. energy production.
“The president said he was going to stop leasing. And he’s been remarkably successful,” said David Bernhardt, an energy lawyer and former Interior secretary in the Trump administration.
The program had already been in a long decline as oil-and-gas companies shied away from offshore drilling and federal lands amid the boom in fracking shale. Under Mr. Biden’s stewardship the decline has quickened, with leasing down 97% from the first 19 months of his predecessor Donald Trump’s term.
