The United States is producing more oil than any country in history

Discussion in 'Current Events' started by cd8ed, Dec 20, 2023.

  1. cd8ed

    cd8ed Well-Known Member Past Donor

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    Take it up with the article YOU posted
     
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  2. cd8ed

    cd8ed Well-Known Member Past Donor

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    Biden had to “run down” the reserve because prices were skyrocketing after trump coordinated with SA (some indications he threatened them) to massively cut supply — when demand rebounded prices became unsustainable.

    Another trump mess Brandon had to clean up
     
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  3. Alwayssa

    Alwayssa Well-Known Member

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    For Biden's Presidential Reelection Bid, he should do this in all conservative states in the General Election cycle but not during the primary season since progressives within the DNC would not be happy about this. this is assuming the trend continues when June or July 2024 comes along. But producers are starting to produce the gas more from raw crude oil which is lowering the gas prices at the pump. The recent trend right now is downward, not upward over a two-month time frame.

    https://ycharts.com/indicators/us_gas_price
     
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  4. Alwayssa

    Alwayssa Well-Known Member

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    Wouldn't you say the same thing when Trump was President? Or will you give him all the credit because "he did it?"

    Careful, this is a trick question
     
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  5. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Because of growth in U.S. oil production, there's a glut of oil supply in the U.S. midwest. So WTI now trades at a price “discount” to Brent oil.

    Yes, that is the idea of having such reserve. We release it when prices spike, and restock when prices are cheaper.
     
    Last edited: Dec 21, 2023
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  6. independentthinker

    independentthinker Well-Known Member

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    So, you lefties must love this, don't you? What happened to getting rid of fossil fuels? This could be a reason Biden is losing young people's votes, don't you think?
     
  7. Bullseye

    Bullseye Well-Known Member

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    And his begging Saudi to increase production? Sorry, no. He pumped from NPR to keep wheels turning in the country.
     
  8. hawgsalot

    hawgsalot Well-Known Member

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    LOL are you talking about when Trump negotiated with Saudi to cut supplies when oil prices went below $0.00? You think it was skyrocketing after that lol. Can you imagine if all the Oil Companies went under due to negative oil prices. You want to talk about he most expensive bailout in history, and if not, America fails right after. I love love seeing the lefties cheer energy independence and Biden drill baby drill, why were you arguing against it in the first place. It is wonderful to control our own energy independence!!!
     
  9. Bullseye

    Bullseye Well-Known Member

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    Yeah, thangs. I've heard that standard LW excuse several times.
     
  10. Junkieturtle

    Junkieturtle Well-Known Member Donor

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    Oh, my bad. You want manufactured reality, not the real thing.

    Should probably put that in your signature to avoid confusion.
     
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  11. JohnHamilton

    JohnHamilton Well-Known Member

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    The United States is producing a record amount of oil now, but Biden is doing all he can to cut production in the future. Biden's plan is cut oil production over the next five years. The trouble is it takes time to develop and off-shore drilling site. It's not just something that can be turned off and on at will. Biden's plan will cut production and raise prices in the future, which is what he wants with his climate change insanity.

    https://www.foxnews.com/politics/bi...rictive-offshore-oil-drilling-plan-us-history
     
  12. cd8ed

    cd8ed Well-Known Member Past Donor

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    I have never said we should get rid of fossil fuels. I do think we should invest heavily in emerging technologies but that in all areas not just in energy.

    So I have no idea what you think you are referring to.
     
  13. cd8ed

    cd8ed Well-Known Member Past Donor

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    Then you should be filled with glee then since I have been doing it for years!!!

    I don’t support drilling in sensitive areas where major environmental damage is likely but everywhere else we need to do so. I also support limiting what oil companies can charge our citizens since it’s our national resource
     

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