Biden blames the recent gas price spike on Putin's war. (Sort of obvious to me)
GOP says "No, it's all Biden's energy policies".
Let's take their lies one at a time.
GOP House leader Kevin McCarthy said:
“Gas prices started rising the day President Biden took office — when he canceled the Keystone Pipeline and halted new drilling on federal lands.”
Gas prices have been rising since March 2020 low and accelerating on the reopening of the economy. Further, the Keystone Pipeline was 10% completed and not going to produce anything until 2023.
"Biden halted oil drilling on federal lands". FALSE. After a temporary halt Biden has outpaced Trump's administration on new drilling permits for public lands.
"Biden is attacking US energy production". FALSE.
U.S. production has increased under Biden from 9.7 million barrels a day to 11.6 million barrels. The number of oil rigs operating was at 172 in July 2020, now, 519 are in operation. U.S. production is forecast to set a record next year.
Rather than rally around the president as Americans are being asked to sacrifice at the pump while we push back on Putin's war on the Ukrainian democratic government, the GOP does Putin's bidding... Disgusting!
and here I thought crude went negative in April of 2020
joj,
I agree strongly that the GOP is distorting the meaning of some statistics but you are giving them a run for their money by doing the same thing.
The number of oil rigs operating was at 172 in July 2020, now, 519 are in operation. U.S. production is forecast to set a record next year.
https://tradingeconomics.com/united-states/crude-oil-rigs
Note: You picked the absolute low of the pandemic and lowest in over a decade to compare today's number with. The current number, at 519 would be MUCH higher if not for the Biden war on fossil fuels. At these prices and no war on fossil fuels it would likely be double the current number.
You can see that rigs searching for oil collapsed from the Obama/Climate Accord, official global war on fossil fuels in 2015. They were recovering under Trump, until COVID hit.
They have been having a recovery since the COVID crash, under Biden, mainly because we dropped to under 200 with COVID.
Governments have signaled an end to the fossil fuel era, committing for the first time to a universal agreement to cut greenhouse gas emissions and to avoid the most dangerous effects of climate change.
After 20 years of fraught meetings, including the past two weeks spent in an exhibition hall on the outskirts of Paris, negotiators from nearly 200 countries signed on to a legal agreement on Saturday evening that set ambitious goals to limit temperature rises and to hold governments to account for reaching those targets.
Government and business leaders said the agreement, which set a new goal to reach net zero emissions in the second half of the century, sent a powerful signal to global markets, hastening the transition away from fossil fuels and to a clean energy economy.
The deal was carefully constructed to carry legal force but without requiring approval by the US Congress - which would have almost certainly rejected it.
One of Bidens most emphatic promises during the campaign was to sign us back up with the Climate Accord on day 1, which he did and continue the war on fossil fuels with gusto.
If Trump was still president, many of the objectives of the war on fossil fuels would have continued to be blocked.
Most of Biden's moves and agenda have not kicked in yet and he's been blocked legally in some cases but make no mistake, huge fossil fuel money is NOT investing nearly as much in new production that would have invested in fossil fuels at any other time in history with the current dynamics because of Biden's agenda. Dugh!
Most of the HUGE new money in energy is going towards investments that will pay off the most..........electric vehicles, solar, wind, batteries and carbon capture for instance.
INSTEAD OF fossil fuels.
Biden's war on fossil fuels has not had time to affect the markets substantially yet, other than hundreds of billions in new investments from big money have dried up for fossil fuels and instead are going into fake green energy.
Their plan was to impose a carbon tax on fossil fuels/and industries involved with production and burning of them but these extremely high prices have put the huge kibosh on that part of the plan(other than California, that already has carbon taxes).
However, the higher prices that they wanted are here without the revenue generating carbon taxes and will help inspire new investing in fake green energy.
I actually know a few things about that related to being a scientist for a revolutionary carbon capture company.
It's NOT carbon sequestration but we break the bonds of CO2, SOx and NOx and turn them into their elements, C, S, N, and O, while capturing the solid and very valuable carbon, that floats to the top of the reservoir, as well as solid sulfur that sinks to the bottom.
Saves trillions compared to doing the insane carbon sequestering that risks contaminating ground water by lowering ph below 6.5(EPA safety level) in areas with leaks, potentially triggers earthquakes and might be THE dumbest thing that humans ever planned to do on purpose in their history and absurdly, to help save the planet above the ground.
This is newly invented carbon capture technology is probably going to save the fossil fuel industry!
++++++++++++++++++++++++++
With regards to money to fight AGAINST FOSSIL FUELS.
This is just from the government based on Bidens energy plan.
$555 billion to fight the fake climate crisis
Started by metmike - Nov. 2, 2021, 12:19 p.m.
https://www.nytimes.com/2022/02/20/climate/carbon-biden-drilling-climate.html
https://www.marketforum.com/forum/topic/79131/#82453
The forecast, takes us almost 2 more years to get back to those highs!
However, this was BEFORE crude prices spiked about $100!
https://www.eia.gov/todayinenergy/detail.php?id=51318
Related discussions:
EIA oil this week
36 responses |
Started by patrick - Dec. 16, 2021, 3:13 p.m
https://www.marketforum.com/forum/topic/79131/
U.S. Oil Production NOT going higher yet
3 responses |
Started by metmike - March 10, 2022, 6:52 p.m.
https://www.marketforum.com/forum/topic/82486/#82489
https://en.wikipedia.org/wiki/Keystone_Pipeline
The pipeline became well known when Phase IV KXL attracted opposition from environmentalists, becoming a symbol of the battle over climate change and fossil fuels. In 2015 KXL was temporarily delayed by PresidentBarack Obama. On January 24, 2017, President Donald Trump took action intended to permit the pipeline's completion. On January 20, 2021, President Joe Biden signed an executive order[20] to revoke the permit[21] that was granted to TC Energy Corporation for the Keystone XL Pipeline (Phase 4). On June 9, 2021, TC Energy abandoned plans for the Keystone XL Pipeline
metmike: Biden's actions mean....... Let's not get our oil from Canada..........let's get it from other countries!
https://www.nrdc.org/stories/what-keystone-pipeline
"The takedown of the notorious Keystone XL (KXL) tar sands pipeline will go down as one of this generation’s most monumental environmental victories. After more than 10 years of tenacious protests, drawn-out legal battles, and flip-flopping executive orders spanning three presidential administrations, the Keystone XL pipeline is now gone for good. The project’s corporate backer—the Canadian energy infrastructure company TC Energy—officially abandoned the project in June 2021 following President Joe Biden’s denial of a key permit on his first day in office. But the path to victory wasn’t always clear. Many had hoped that the disastrous project was finally done for in November 2015, when the Obama administration vetoed the pipeline—acknowledging its pervasive threats to climate, ecosystems, drinking water sources, and public health. But immediately after taking office, President Donald Trump brought the zombie project back to life, along with the legal battles against it. By the time President Biden took office in 2021, ready to fulfill his campaign promise to revoke the cross-border permit, the dirty energy pipeline had become one of the foremost climate controversies of our time.
Here’s everything you need to know about the historic KXL fight, its eventual takedown, and what it now means for pipelines still waiting in the wings.
the pipeline promised to dramatically increase capacity to process the 168 billion barrels of crude oil locked up under Canada’s boreal forest. It was expected to transport 830,000 barrels of Alberta tar sands oil per day to refineries on the Gulf Coast of Texas."
In 2015, the U.S. State Department, under President Barack Obama, declined to grant the northern leg of the Keystone XL project the permit required to construct, maintain, and operate the pipeline across the U.S.–Canada border—a permit that President Trump later granted and President Biden once again revoked.
A fully realized Keystone XL would have led to more mining of that “nasty stuff” by accelerating the pace at which it’s produced and transported. (Indeed, Keystone XL was viewed as an essential ingredient in the oil industry’s plans to triple tar sands production by 2030.)
Finally, massive fossil fuel infrastructure investments like KXL undermine efforts to minimize global warming and prioritize clean energy like wind and solar. Leading climate scientist and former NASA researcher James Hansen has warned that fully exploiting Canada’s tar sands reserves by moving forward with these projects would mean “game over” for our climate.
metmike: This is made up and anti science. The extra CO2 was just going to green up the planet more. Our new carbon capture technology takes care of that anyways.
Dirty energy lobbyists claimed developing tar sands would protect our national energy security and bring U.S. fuel prices down. But NRDC and its partners found the majority of Keystone XL oil would have been sent to markets overseas (aided by a 2015 reversal of a ban on crude oil exports)—and could have even led to higher prices at U.S. pumps.
metmike: More manufactured bs anti science, anti energy stuff to support the agenda.
When the Obama administration refused to grant the cross-border permit necessary to build TC Energy’s Keystone XL oil pipeline in November 2015, it struck a blow against polluting powers and acknowledged the consensus on this misguided project from a wide swath of communities, experts, and organizations. The decision echoed a seven-year State Department review process with EPA input that concluded the pipeline would fail to serve national interests.
Upon entering office, President Trump—with his pro-polluter cabinet of fossil fuel advocates, billionaires, and bankers—quickly demonstrated that his priorities differed. On his fourth day in office, Trump signed an executive order to allow Keystone XL to move forward. On March 28, 2017, his State Department illegally approved a cross-border permit for the pipeline, reversing the Obama administration’s prior determination that KXL would not serve the national interest. When that failed—thanks to a lawsuit brought by NRDC and other groups—Trump reissued the cross-border permit himself. “We would score a victory, and it would have huge ramifications for holding off construction at critical times,” says NRDC attorney Cecilia Segal, who has worked on KXL litigation since 2017. “But then the Trump administration would do something to undercut us outside of court.” The administration also attempted to issue other permits for the project, all based on flawed environmental analyses, eventually prompting more lawsuits, including two from NRDC and its allies.
Opposition outside the courts was swift and strong as well. Farmers, ranchers, tribes, and conservation groups helped keep the project stalled for Trump’s full four years in office, despite his best efforts to expedite its approval.
Even as Trump and TC Energy tried to revive the pipeline, polls showed that a majority of Americans opposed it. The market case had also deteriorated. Low oil prices and increasing public concern over the climate have led Shell, Exxon, Equinor (then Statoil), and Total to either sell their tar sands assets or whittle them down. Because of this growing market recognition, major new tar sands projects haven't moved forward with construction for years, despite investments from the government of Alberta, Canada. For example, in 2020, Teck Resources withdrew its 10-year application to build the largest tar sands mine in history, citing growing concern surrounding climate change in global markets.
On the campaign trail, Biden vowed to cancel the Keystone XL cross-border permit should he win the presidency—and on his first day in office, he made good on that promise. The revoked permit became the final nail in the pipeline’s coffin. By that point, Keystone XL faced an unfriendly administration, numerous legal challenges, declining oil prices, worsening climate impacts, and a growing movement of climate organizers—along the pipeline’s route and around the world—unwilling to look the other way. In June, TC Energy announced that it was abandoning its plans for building the pipeline for good—putting an end to a fossil fuel project that had loomed over waterways, communities, and the climate for more than a decade. “Keystone XL was a terrible idea from the start,” Swift said. “It’s time to accelerate our transition to the clean energy sources that will power a prosperous future.”
metmike: There it is...........and reported by a source celebrating the death of the pipeline.
The ironic thing is that our new company has a revolutionary carbon capture technology/devioce that precipitates out all the carbon from CO2 emissions, right there at the site of the emissions. The solid carbon that comes out is EXTREMELY valuable and those using the device for their CO2 emissions, are actually going to make millions just from the sale of the carbon that precipitate out.
They killed something critical for a reason that already was really dumb to begin with but with this new technology, even that dumb reason is going away.
And Biden is not to blame for this?
The article, insists that Biden is TO THANK FOR THIS.
So he's responsible for doing this with people that think it was a good thing. But when its seen as a bad thing...........as in blowing our chance for future energy independence..........he's not to blame?
Obviously, the war is the main reason for us to spike the price of gas waaaaay higher recently.
But almost all of Bidens decisions made it worse and will make it much worse in the future.
During his address last month, he stated that he would fight higher gas prices and the shortage of crude oil by gradually releasing 30 million barrels of oil from the SPR.
I laughed out loud watching that one.
Around 1.5 day's worth (36 hours worth) of oil consumption by the US!
https://www.eia.gov/tools/faqs/faq.php?id=33&t=6
In 2021, the United States consumed an average of about 19.78 million barrels of petroleum per day, or a total of about 7.22 billion barrels of petroleum.
I hadn't said much about this since Putin invaded......until we read people defending the worst energy policies in the history of the US from Biden and being upset that he's being held accountable for them. It's supposed to all be Putin's fault and the worst energy policy by a president is not a factor.
Stating anything about it is unpatriotic.
Wrong.
I was actually saying that since Biden was elected:
https://www.marketforum.com/forum/topic/78233/#78235
By metmike - Nov. 23, 2021, 11:05 a.m.
Just BS, PR rhetoric to offset all the reports that accurately put some of the blame for rising prices squarely on Biden.
They are attempting to do what works most effectively in politics today.......manufacture a convincing sounding narrative and repeat it over and over and over and after awhile people start believing it.
Biden's ratings are plunging, partly because of the worst energy policies in history by an extremely wide margin.
Reaction by the Biden Team?
Don't fix the problem with the energy policies (which are a train that already left the station) but instead, manufacture the illusion that Biden is fighting for lower energy prices for consumers by taking aggressive actions to lower prices.
Blame the evil and greedy oil and gas companies for price gouging and record profits(even as he tries to obliterate them with policies that greatly discourage them from increasing production and bringing NEW SUPPLIES to the market which is the only way we will ever see lower prices.........other than short term, ignorant publicity stunt blips like this or if there is a recession)
Biden asks OPEC for more oil
Started by madmechanic - Aug. 11, 2021, 6:16 p.m.
https://www.marketforum.com/forum/topic/73525/
Keystone pipeline
11 responses |
Started by Jim_M - June 10, 2021, 12:41 p.m.
https://www.marketforum.com/forum/topic/70770/
Keystone Pipeline
4 responses |
Started by wglassfo - Jan. 19, 2021, 3:36 p.m.
https://www.marketforum.com/forum/topic/64447/
So now evil Putin invades and those insisting every day for over a year, that Biden has the worst energy policies in the history of the United States............look exactly right.
So the ones that were screaming that......... are supposed to suddenly shut up and root for Biden against Putin and no longer say anything about..........Biden having the worst energy policies in the history of the United States.....right at the exact time that's its the most blatantly obvious!
I'm all for being patriotic and getting behind our president when he stands up for truth, justice and the American Way.
Compared to Putin, Biden deserves our strong support. If we were choosing between Putin and Biden......of course root for Biden. We ARE rooting exclusively for Biden and against Putin.
But we should still be allowed to comment on the worst energy policies in the history of the United States that Biden is punishing us with because the reasons are now crystal clear!
An evil person causing violations against humanity in a foreign country doesn't somehow mean your president should not be held accountable for huge energy policy blunders at home.
If that was the case, then every president could just get into a war and do what they want because wars make them infallible!
To quote you MM...
"Your bias is duly noted."
Thanks very much joj .....and I liked the way that you put it with a bit of humor!
Yes, we all have bias, including me with absolute certainty. That's why my favorite posts here are those that disagree with me.
It helps me to try to practice the scientific method as best I can(but yes, I'm human and sometimes let what I think that I know cause me to FIND facts and data that supports what I think that I know)
https://www.marketforum.com/forum/topic/77011/#82438
But I'm still working on fighting my cognitive bias! The minute a person thinks they have no bias.........is exactly when any real bias has an opportunity to grow the fastest!
And your response is extremely appreciated because, seriously it helps to remind me to be careful of my own bias.
The only way any of this good stuff that I post here works is to constantly remind ourselves of it....me in this case.
And doing it several times a week is a minimum.
https://www.marketforum.com/forum/topic/82252/
Kudos MM!!
I find your humility attractive.
Thanks much joj,
We disagree on some political issues but share extremely similar ideologies/value when it comes to whats important to being a good human being!
If only the rest of the country was like you and me!