Biden looks everywhere to lower gas prices — except boosting oil production

…"The Biden administration is pursuing this green agenda at all costs and every casualty — which is the American economy, the financial security of American families — are necessary casualties in this war, and they are comfortable with the casualties," Turner continued…

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…In its announcement Wednesday, the White House noted oil production is increasing but said efforts to boost drilling "must be coupled with medium- and long-term efforts to transition our economy away from fossil fuels produced by autocrats and to clean energy."

The U.S. produced 12 million barrels of crude oil per day during the week ending June 10, according to the latest data from the Energy Information Administration. By comparison, domestic drillers produced 13.1 million barrels a day in March 2020.

"The administration pretends as though no one's paying attention to the fact that they've shut down pipelines, that they've stopped leasing, that they've made it harder to produce wherever they could," Dan Kish, a senior fellow at the Institute for Energy Research, told Fox News in an interview.

"Somehow, he pretends to be surprised that price of gasoline is going up and people are hurting at the pump,"…










Read more: https://www.foxnews.com/politics/biden-lower-gas-prices-boosting-oil-production









The Biden regime is fooling no one with its harm average Americans energy policy. He’s sacrificing our well being on the alter of the eco freak culture. We know what he’s doing to us and we hate and despise him as a human being for do it to us.

 

Because increasing oil production in Iran, Venezuela, and Saudi Arabia and shipping it in big oil tankers has such a better carbon footprint than drilling it here and not using oil tankers would….the idiot!

 

Biden didn't lower oil production....oil companies lowered production

 

Actually they didn't. Demand has increased more than the supply. But the supply is slightly up. In order to meet the demand, supply has to increase but the oil industry has no interest in making expensive investments in an environment in which they are targeted for bankruptcy by the government.

 

I agree with the first part of what you said where I disagree is that profits are up, anbd bankrupsy doesn't seem to be imminent.

"ExxonMobil, the country's largest oil company, reported its net profit more than doubled to $5.5 billion from a year earlier. That was even after booking a $3.4 billion charge from exiting its operations in Russia.

Meanwhile, Chevron reported its highest quarterly profit in nearly a decade, while Shell posted its highest earnings ever."

https://www.npr.org/2022/05/07/1097177459/big-oil-exxon-earnings-gasoline-prices-crude

 

Meaning we need 4-8 years of a different President with a different economic and policy outlook before they will risk their investors capital in major infrastructure upgrades.

 

Good! That means that once we have a new President who isn’t looking to run them out of business that they will have the capital needed to invest in more supply raw and refined. We have to break the biden regime at the ballot box first though.

 

I figure that the three month federal gas tax holiday will save us around $30. We need to decide what to do with this windfall. I think we should use it to buy nearly a half tank of gasoline.

 

And why isn’t Rupert and Faux putting public pressure on the big oil companies to reduce prices and give up some of the obscene profits they are making? Oh! That is right! They are Ruperts buddy buddys and pay for all that lovely advertising income!

 

We are pretty much at capacity and are busy exporting millions of gallons of refined product. Oil is a global commodity bought and sold on a global market. As a result, your price is largely determined by what the last person was willing to pay.

 

Biden Blames Putin, Refiners, & Gas Stations For Record Prices: 'Cost Of Saving Democracy'

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"...only 11% of Americans believe the Biden administration’s narrative that Vladimir Putin is to blame for record high gas prices."

It's a deliberate attack to move Americans off the highways and out of single family housing into high density housing and onto subways and buses. They, of course, will remain in mansions and make extensive use of private jet travel.

Time to vote these bastards out and vote in representatives that actually represent OUR interests, not their their green fantasies.

FLASHBACK: Barack Obama in 2008 slams proposed gas tax holiday: "This isn't a real solution. It's a political stunt. This is what Washington does whenever there's a big problem. Politicians pretend they're looking out for you but they're just looking out for their poll numbers." pic.twitter.com/QlyE5pKwX8

— Forbes (@Forbes) June 22, 2022

 

For my 2000 Maxima it will buy 5 gallons out of the 18 gallon tank at the cheapest station in town.

 

We are still drilling 1.1 million barrels of oil less now than we were at the beginning of March 2020.

 

Perhaps. The oil industry is certainly behind in terms of infrastructure and it is easy to see why that is the case. There wasn't much infrastructure improvement during the oil friendly Trump administration either. The oil industry likely sees the writing on the wall and is milking its infrastructure as it re-imagines itself.

We should get busy building nuclear power plants. They could replace petroleum completely for generating electricity. If that electricity were to replace petroleum for fueling land vehicles that would have a big impact as well. We know how to do that and we know it is effective. Instead we want to force people to use energy that isn't yet ready for prime time. We see the result of that and it isn't very positive.

 

In the opening statement you said the problem was Biden not "boosting oil production." He produces no oil. He is not restrictiong production of oil. He is trying to get more oil from the middle east, which he has been criticized for by some conservitives. Find a different way to show your anger at the President.

 

Oil production is increasing to help offset the shortages due to war but it takes time no matter who the president is in office since oil is a world market product.

 

That shouldn't be problem. We have a woke agenda, open borders, unwillingness to enforce laws, overspending etc etc. But his attack on the oil industry is certainly one of the big ones.

 

Hang on to the lie, the DNC is proud of you!

 

If that were the case we would be DRILLING and selling on the open market

 

What open market?

 

True, Trump should be in jail awaiting trial.

 

You tell us ¯\_(ツ)_/¯

 

The president isn't in the oil industry.
The capitalists are exporting petroleum.
To be in the club and be a player one must be wealthy.

 

Ya I got that from your informative post, thanks!

 

How much has oil production increased?


The Energy Information Administration predicts that this year, U.S. crude oil production will increase to about 12 million barrels per day on average, just shy of the 12.3 million record set in 2019. By 2023, the agency forecasts U.S. production will average a new record of 13 million barrels per day.Apr 27, 2022

US oil production grows, but Russia's war keeps gas prices high