A curious way for Biden to kill the oil industry
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It’s odd though. Biden doesn’t want to talk about record fossil fuel production for fear of pissing off the left. The GOP doesn’t want to talk about it because it’s counter-narrative for them.
So it remains a quiet victory.
@jon-nyc said in A curious way for Biden to kill the oil industry:
It’s odd though. Biden doesn’t want to talk about record fossil fuel production for fear of pissing off the left. The GOP doesn’t want to talk about it because it’s counter-narrative for them.
So it remains a quiet victory.
I think the oil production figures trace back to a couple of things...
- World instability, as mentioned in the article. That generates high prices.
- Biden is the most mercurial of political animals. He hasn't been able to survive in Washington without that "ability". Recognize the political trend and take advantage of it, while engaging in political slight of hand. Biden (or his handlers) knew that high prices at the gas pump and ultra-high energy bills are a political death knell in a national election. While bally-hooing all sorts of green nonsense, they have very, very quietly leasing more drilling areas in the Gulf and elsewhere, encouraging production.
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@jon-nyc said in A curious way for Biden to kill the oil industry:
It’s odd though. Biden doesn’t want to talk about record fossil fuel production for fear of pissing off the left. The GOP doesn’t want to talk about it because it’s counter-narrative for them.
So it remains a quiet victory.
I think the oil production figures trace back to a couple of things...
- World instability, as mentioned in the article. That generates high prices.
- Biden is the most mercurial of political animals. He hasn't been able to survive in Washington without that "ability". Recognize the political trend and take advantage of it, while engaging in political slight of hand. Biden (or his handlers) knew that high prices at the gas pump and ultra-high energy bills are a political death knell in a national election. While bally-hooing all sorts of green nonsense, they have very, very quietly leasing more drilling areas in the Gulf and elsewhere, encouraging production.
@Jolly said in A curious way for Biden to kill the oil industry:
Biden is the most mercurial of political animals.
Of all the adjectives that come to mind when it comes to POTATUS. "Mercurial" is far, far down the list. I mean, really far.
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@Jolly said in A curious way for Biden to kill the oil industry:
Biden is the most mercurial of political animals.
Of all the adjectives that come to mind when it comes to POTATUS. "Mercurial" is far, far down the list. I mean, really far.
@George-K said in A curious way for Biden to kill the oil industry:
@Jolly said in A curious way for Biden to kill the oil industry:
Biden is the most mercurial of political animals.
Of all the adjectives that come to mind when it comes to POTATUS. "Mercurial" is far, far down the list. I mean, really far.
Look back at his career. The man's positions are a virtual Sherwin-Williams ad. At any one time, he's covering some part of the earth (political sphere).
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Let's not forget it was Tucker who pointed out that we need diesel to make our trucks go.
No trucks, no stuff.
I guess Mr. Biden figured out that people like to have stuff delivered.
And you can't have stuff without fossil fuel.
Thanks Tucker!
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Blessed be the Tucker, for The Lord shall laugh at him: for he seeth that his day is come and gone as he standeth alone besodden in the diesel teares of his own caricatured performance.
@Renauda said in A curious way for Biden to kill the oil industry:
the diesel teares
Quoted for posterity.
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@Renauda said in A curious way for Biden to kill the oil industry:
the diesel teares
Quoted for posterity.
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Recent report from the International Energy Agency
https://www.iea.org/reports/oil-market-report-december-2023
US oil supply growth continues to defy expectations, with output shattering the 20 mb/d mark. This, combined with record Brazilian and Guyanese production along with surging Iranian flows will lift world output by 1.8 mb/d to 101.9 mb/d in 2023. Non-OPEC+ will again drive global gains in 2024, projected at 1.2 mb/d after OPEC+ deepens its voluntary oil cuts.
ICE Brent futures continued to fall in November, declining by $5/bbl to $83/bbl. Surging US crude exports and weaker global demand growth pressured the prompt crude price structure. The WTI contango deepened. Oil’s bearish drift continued in early December after the 30 November OPEC+ meeting failed to halt the price rout, with Brent prices about $25/bbl below September’s annual high.
