Most gasoline station owners and operators will be quick to point out to the president that they’re as upset by the high prices as anyone. Their margins are already razor-thin, and the high prices mean that purchases on the items with higher profit margins – such as snacks and soft drinks – suffer.
Wednesday, June 29, 2022
Biden Is Wrong: Don’t Blame Oil Companies For $5 Per Gallon Gas
Why Aren’t Oil Companies Drilling More? In addition to urging Congress to suspend a federal gas tax for three months to combat record-high prices, President Joe Biden called upon individual gasoline stations to lower prices. He called upon owners to “bring down the price you are charging at the pump.”
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Mark Moss knows what to do about gas prices. https://www.youtube.com/watch?v=bY46elZFKmc
ReplyDeleteThe left complains that oil companies have enough leases to drill, without the ones that Biden closed down. What company in it's right mind is going to invest a billion dollars into drilling for oil, when the president has said that he will get rid of the fossil fuel industry?
ReplyDeleteAnd then to see the president begging other nations to produce more oil? He learned at the feet of the first black president of the US after all. I remember Obama doing his apology tour, where he went around the world, basically apologizing for America being great. The bastard even bowed to Asian leaders.
I am sorry, but my country's president doesn't bow to anyone, they bow to him. America is still the greatest nation on earth, conceived in liberty, and with a Supreme Court that is trying to force the government back to the constitution. It might hurt, but it will be worth it, if it works. If it doesn't force the constitution back as our law of the land, then we don't have a country anymore, but anarchy.
On Day 1 Biden raised energy prices with Executive Order 7....
ReplyDeleteOn Friday 15 Jan 2021 oil was Brent crude- $55.10, WTI (west Texas) - $52.36
Biden took over on Wednesday the 20 Jan 2021
20 jan 2021, Day 1, Executive order 7. Revoked the permit for the Keystone pipeline, and canceled other Trump Administration rules.
Friday 22 jan 2021, Brent crude was 87.89 ($32.79 increase) & WTI was 85.14 ($32.78 increase).
Biden (his handlers) are liars and fucking traitors. Period.
ReplyDeleteNot every lease is drillable. And even if it is drillable, the location, quantity, and quality of the recoverable hydrocarbons is a guess, at best. This is specially true as time goes on and the easy to find oil has long since gone. The current administration is populated with woke fools and morons.
ReplyDeletememories of the late 1970's when the rest of the world would sink maybe 25 wells a year, the USA was doing that per month and capping them because there wasn't enough profit in selling it at the time, wonder what happened to all those capped wells.
DeleteHere in Michigan, they were just buying drilling rights from farmers, not bothering to drill. They did a lot of testing, including some type of ecolocation things, that I can't remember. I know that now, they are much more sophistocated, and they use gravity meters and magnetic changes to locate underground oil.
DeleteThe few places that they did drill, the did the same thing that Anon 5:41 mentioned, capped the wells off. We never knew why they did that, but now I understand. As far as I know, they never did tap them, but who knows for certain, they might have drilled them just for testing purposes. The number of farmers that did get leases for their minerals, got enough money to make it worth their while, and it was for a long time.
The refineries are continuing to close, not expand. The EPA makes it too troublesome to continue and pay for upgrades, and the massive costs means that nobody wants to throw a couple billion bucks into refining when the odds of getting your money back are dependent on which assholes are running the show in DC at the moment. Exploration is a gamble, and when the leases can be yanked out from under you AFTER you spend a couple billion on buying new exploration equipment, well, you're not going to make the same mistake twice and still be in business.
ReplyDeleteMake no mistake, the insane energy costs are not an accident or unintentional.
They started doing this to energy costs the first day in office.
DeleteYesterday, the SJC ruled that EPA has no right to be setting rules for carbon emissions, which should translate back to looser refinery and gasoline rules. The Justices were pretty about about who gets to make those rules and laws.
DeleteNemo
Of course Brandon is wrong. When has he ever been right"
ReplyDelete47 years of failure prove nothing!
Delete