Why is the Biden influenced oil market so high?

[labrador12]

Brandon's closing the oil market to oil from Alaska, the Oil Sands of Alberta, and The Gulf of Mexico has litterally taken multiple billions of extractable barrels of oil off the world market. Russia's few million barrels a day of production pales in the face of what Brandon has done. Brandon's regulatory attack on North American oil and natural gas has taken billions of barrels of oil off the market and even worse has destroyed the means of moving it to where it needs to go to be utilized efficiently. To top it off the regulatory goons on the Alphabet agencies are destroying the capital raising institutions that are needed to finance our economy wide energy systems. Trump's and the Republicans greatest accomplishments were the temporary strangulation of the regulatory state. The Brandonistas have brought it back and shot it up with steriods. I don't know if it can be dialed back at this point. Who will invest multiple billions of dollars into a multiple year project if a single man can illegally stop the project from completion???? No votes, no explanation, no justification, just the order of a mad authoritarian dictator. Bad times are here, American Citizens are the low man on the totem pole in Brandon's America.

Let's GO Brandon!!!

[Danbo]

Maybe this is coming.


https://citizenfreepress.com/breakin...crash-of-1929/

[rock rat]

The price of oil is determined by the worldwide demand. It's high everywhere.

[labrador12]

Brandon has removed Alaska, the oil sands of Canada, and the Gulf of Mexico from production. In a world wide market the equivalent of Saudi Arabia has been taken off the market. Who, besides the Ratster, Snowhole, and the Brandonistas, is surprised the price went up???? The question of what Democrats used for lighting when it's dark outside before candles is electricity!!!

Let's GO Brandon!!!

[FirstBubba]

Brandon has removed Alaska, the oil sands of Canada, and the Gulf of Mexico from production. In a world wide market the equivalent of Saudi Arabia has been taken off the market. Who, besides the Ratster, Snowhole, and the Brandonistas, is surprised the price went up???? The question of what Democrats used for lighting when it's dark outside before candles is electricity!!!

Let's GO Brandon!!!

WRONG! 😉!
Take Alaska, the Canadian oil sands and the Gulf of Mexico out of the picture and you've reduced U.S. production by at least 2 to 2.5 UAE's and probably the rest of OPEC! LOL!

The "Trumpster" had the U.S. exporting oil TO the UAE instead of us buying from OPEC!

With new drilling, fracking and recovery technologies, they have discovered, and know how to get to, a formation BELOW the Permian Basin (West Texas) that rivals the Permian Basin!

"Directional drilling" was once highly illegal. Known as "slant wells".
Though illegal, "directional drilling" has evolved into a legitimate production process.
Companies can now produce several different wells, formations and zones from a single well site.

What the "Pinhead Twins" don't realize is, the loss of petroleum production cuts tax revenues.
Less tax revenue, higher fuel costs.
Less tax revenue, less road repairs.

[bowhunter75richard]

The idiot biden has put the cart before the horse in his bid to undo the oil industry. The electric grid is by no means ready to take over our energy needs, and he has already dialed out gas and oil with nothing to replace either ! It will be years yet until electricity will be able to meet all our energy needs, and in the meantime, we will be paying nigher and higher fuel bills. At this point there is nothing to stop gas going to 8-10 dollars a gallon and even beyond. Since gas and oil are the leading factors to our inflation, just imagine what we have ahead of us ! The midterms are our only hope, but after the 2020 election, I can see some scary happenings coming.

FJB
FJB
FJB

[FirstBubba]

I don't see how we (America) can survive this onslaught of liberalism.....and if it does, I don't think a full recovery is possible. America will bear the scars of Obama/Biden until it's demise.

[labrador12]

My wife is teaching her ladies handgun familiarization class again today. American Citizens outside of the NY times, NPR, Washington Post, MSNBCNN orbit haven't changed. Brandon and his Davos inspired war against the SMELLY WALMART PEOPLE, aka the American Citizens, isn't going to win. The urban rural divide, the Constitutional normals against the Post-Constitutional LGBTQ+ crazies is winnable. The country has fought a civil war before and it looks like CWII is coming closer every day. The Russia Hoax is getting harder to deny, Hunter's dad is looking like a cheap, brain dead grifter who has committed treason and bribery. The Supreme Court is waking up and speaking up. The BIG LIE is that Brandon and his BS won the last election. The Brandonistas have done a lot of damage with their covid and their Green Nude Eel, but we shall overcome. It's gonna hurt and take some time but the 2000 mules and their pay masters are gonna get the stomping they deserve. Freedom isn't free!

Let's GO Brandon!!!