Biden admin abruptly axes Alaska oil and gas leases backed by state lawmakers, Native Americans

This move is a political move that's means zero in the actual world. Both the left and the right use the Alaska land as a political football. There has only been one (1) well in the area of the leases in the last 40 years which didn't produce any oil. Oil Companies have zero interest in drilling there. It's too expensive. This whole thing has no effect at all on gas prices. Now the fire in Louisiana at our biggest refinery DOES have an effect but I don't see the right saying anything about that. Why? I'll help.....that's common sense.

 

Putting words in my mouth is what reality is for you eh? Amazing how someone can talk about reality while wrapping themselves up in nothing but logical fallacy. Says a lot about the speaker. Lol

 

Manchin doesn't mince words.
Frankly Embarrassing’: Manchin Unloads on Biden Admin for Restricting Alaskan Oil
Charles Rotter
From The Daily Caller NICK POPE CONTRIBUTOR Democratic West Virginia Sen. Joe Manchin torched President Joe Biden and his administration Thursday for their aggressive moves to curtail oil activity in…

 

We JUST hit pre-COVID levels from FORTY MONTHS ago. What took so long, we should have been able to do it with just a few once COVID ended. And it doesn't account for all this economic growth Biden takes credit for our economy and manufacturing are even bigger requiring more.

Tell me what Biden has done to insure we have an adequate oil supply in the FUTURE, this production is good for now but our exploration and drilling plans go out years into the future. Have you forgotten Biden just recently repeatedly his pledge to shut them all down.

You been to the pump lately, you like the price you are paying as opposed to under Trump energy policy?

 

Why should they be expanding and maintaining they current production and refining levels when the President is pledging to shut them all down to end the use of their products? Do you invest your money in companies the US government is pledging to shut down?

Tell me what the Biden administration has done to insure our supply of oil and gas?

 

Oil in the land means it's not in the global supply yet. That's the point.

But also leases mean nothing. A lease does not mean one can instantly drill on the land. There are other logistics before drilling can happen. That's why about half the leased land for oil and gas drilling isn't being drilled on. Also, oil companies refuse to overproduce as they are trying to avoid the bust/boom cycles of the past. In other words, they are trying to control the price of their own commodity which reeks not of capitalism. They have no interest in lowering the price or meeting demand. They want to create a shortage. It's good for their bottom line, just like it is in every other industry. So maybe you should hold them accountable for their actions too.

 

What took 40 months to get back to Pre-COVID level production?

I know today’s republican / MAGA party don’t believe in FREE Market and capitalism, but as a liberal I will give you some point – POTUS don’t control Free Market. Because of COVID, oil prices were down and there was no DEMAND for oil when most of the world was shut down. In Free Market that is called “supply and demand”

When you shut down a oil rig and oil price is less then $2 USD , company don’t rush to re-open oil rigs to dig more oil. And POTUS don’t have any power to make company dig oil when it is not profitable. I know MAGA group don’t understand how Free Market works, but POTUS doesn’t have the power to force free market to invest.

Now the oil price is up and there are profit, more and more company investing. That is why it took 40 months.

But I understand, in MAGA world “Free Market” is something RINO like Bush or McCain used to believe.

 

I didn’t know US government insure any “ supply of gas , oil or any other product”. That’s the job of free market.

We live in Free market / Capitalism. Unless you want to make America like Communist China or Dictatorial Russia, American President do not insure supply of oil.

 

Sorry my friend .. your explanation will fall on deaf ears. Republican don’t believe in Free Market anymore. They think their god Trump wave his finger and everything works out.

 

Because they have plenty to expand into as it is? Your analogy is like my 7 year old right now. He has four nerf guns. He wants another one. I say no. He says he needs that nerf gun to play with the others. I point out that's not true. Are you on his side? Of course not. They do have plenty of lands to get permits and spend money to drill on. They don't need anymore leases at the moment to do that. Again, leases don't equal production. And the president of United States isn't bound by anything to ensure there is enough of any good in the market place. That's the job of the market to provide. Something oil companies aren't doing because they want oil prices to stay steady and preferably in a higher range than you or I want them to be because profit motive.

 

Sure… and Trump hates the principles our nation was founded under and is attempting to destroy the constitution. I’ve read all about it here.

 

They insure it by ALLOWING THE FREE MARKET TO OPERATE and not regulate them out of business and pledge to shut them all down.

Again show me what policies Biden has promoted and put in place to increase our domestic supply and production.

When he pledges he will shutdown our oil and gas drilling and production is he LYING?

 

For a little while longer, then the EU demand will drop and eventually end.
https://www.reuters.com/business/au...ive-2035-ban-new-fossil-fuel-cars-2023-02-14/

 

The government does regulate free market. We live in democracy not anarchy.

Biden DID NOT ( I can type with CAPS on too) pledges to shutdown anything. Don’t even bother sending me some Right Wing MAGA media url about that because that is 100% F%%%% lie.

 

US should do the same thing, but MAGA will go nuts. Just green energy dishwasher making their hair on fire.

 

We live in a Republic and there afe socilaist democracies and even Iran has democratic elections.

You are denying he did so when he ran and most recently reaffirmed his pledge??

 

Well let's make it paintball and what he needs are paintballs to shoot and he has enough for the next weekend but after that but you as mayor are shutting down all the paintball stores in town and company that makes them.

Again tell me what Biden is doing to increase our domestice production to meet our needs and to get the prices back down and be specific.

 

Good we live in republic ( conservative like to remind us every day because they are scared of true democracy)

As I said I really don’t give a f$$$ what MAGA media writes. They can write whatever they want and you can believe whatever you want but Biden didn’t say anything about shutting down any oil rig.

If you keep insisting same thing I will not reply because I have no interest traveling to alternative reality of MAGA universe.

 

Your analogy is still off because no one is shutting down drilling. Right now, half of the federal lands leased on being drilled on. Even if we don't issue new leases, we will continue to drill on those lands. They aren't running dry. You know that, right? Also, oil is an inelastic good. That means its price point is less sensitive to supply and demand changes. This is due to it always being in high demand and the supply of it being not a simple turn on, turn off process like making other goods is. So no, nothing Biden does with these leases will have a measureable impact on the price of oil.

What needs aren't being met? Your "need" to pay 1 dollar a gallon for gas? That's not a need. That's a fantasy. The US uses about 20 million barrels a day. The world produces about 80 million barrels per day, of which about 12 million of those barrels are produced within the US. We are the number 1 oil producing nation on Earth. What needs aren't being met exactly?

 

It's breathtaking really, their inability to grasp simple concepts.

 

And rightfully so as were our founding fathers as were the States at the time and the reason the Constitution GUARANTIES and Republican form of government. Liberals have to be reminded because they are scared of the Constitution and equal rights of the minority.

Do you care WHAT HE SAID??? Are you denying he said that yes or no?

I'm not a Trump supporter so you can flush that bogus excuse. Are you a Biden supporter a LTADEM (Let's Take America Down Even More)?

 

Interior Secretary Deb Haaland, who drew criticism for her role in the approval of the Willow project, said Wednesday that “no one will have rights to drill for oil in one of the most sensitive landscapes on earth.” However, a 2017 law mandates another lease sale by late 2024. Administration officials said they intend to comply with the law.

The Biden administration also announced proposed rules aimed at providing stronger protections against new leasing and development in portions of the National Petroleum Reserve-Alaska that are designated as special areas for their wildlife, subsistence, scenic or other values. The proposal still must go through public comment. Willow lies within the reserve but was not expected to be affected by the proposed rules.

The Arctic National Wildlife Refuge’s 1.5-million-acre (600,000-hectare) coastal plain, which lies along the Beaufort Sea on Alaska’s northeastern edge, is seen as sacred by the Indigenous Gwich’in because it is where caribou they rely on migrate and come to give birth. The plain is marked by hills, rivers and small lakes and tundra. Migratory birds and caribou pass through the plain, which provides habitat for wildlife including polar bears and wolves.
https://www.pbs.org/newshour/politi...s-arctic-refuge-overturns-sales-held-by-trump

...
There will be another leas sale next year.
So it can be revisited.
This cancellation has ZERO impact on oil near term.

No supplies were cut. There wasn't even any drilling going on.

 

Do any of you conservatives actually learn anything about what you post ?

The 10 leases that Biden “recinded” were issued under Trump, and were not ever going to be drilled. This was a political stunt by the Trump admin, because they knew that Biden would protect the reserve. But MORE IMPORTANTLY, those “leases” were never going to be used to drill because NOBODY wants to drill in ANWR.

There was ONE lease that was drilled in the last 40 years, and it produced literally nothing. That well was capped over 10 years ago. That lease was granted for political purpose, and the company decided to drill on it and the well stayed active for less than 30 days, and it dried up. ANWR has been a political BS football for many years, too give the right another BS reason to complain about something

Righties, ask yourself a simple question. If that region was opened to drilling by the Trump admin (it was), WHY did only one company drill on it ? Lemme get that for you, because the oil was to hard to extract, which is why the one well drilled their was only open for a very short time, and was capped within a year because the oil was to hard to extract.

But by all means, blame the tree huggers for this cancelling drilling on land that no oil company wanted to drill on.

 

Also funny how the right said literally nothing when Trump allowed the Saudis to buy the US larger refinery…..

 

Maybe because the deal preceded the Trump administration? Quit getting your news from CNN.

Shell, Saudi Aramco to separate assets, including U.S. refinery (usatoday.com)

Fact Check: Did Trump Admin Sell Largest U.S. Oil Refinery to Saudi Arabia? (newsweek.com)