$5.00 per gallon gas

[BillyCarpenter]

Re: $5.00 per gallon gas

You'd think that with all the drilling going on under Biden that:

a.) Biden wouldn't have drained our strategic reserves.

and

b.) Biden wouldn't have begged the Saudis to increase production.



PS - If Biden drilled all this oil, he must have failed the Greenies?

[slimslob]

Re: $5.00 per gallon gas

Since Biden became president, liberals want us to believe:



- Inflation is temporary

- There's no crisis at the border

-Biden is the drill baby drill president

- Biden takes classified documents very seriously

- Porn isn't being show to kids in school

- The withdraw from Afghanistan which left 13 Marines dead was bound to happen. Not Joe's fault.



The liberals on here are trolling us with this shit. They have nothing better to do.

Hell I wouldn't be surprised if one of them turned out to be one of our spammers.

[BBM]

Re: $5.00 per gallon gas

By the numbers: Oil industry awash in permits, leases while pushing for more drilling - Center for Western Priorities.

The leases are not the problem . The problems are the regulations and lawsuits that can stop a project at once and leave it in limbo for who knows how long . Is that a chance you want to take with a unfriendly government who is doing anything they can to put you out of business. If regulations were not cut to produce the covid vaccine who knows how long that would have taken . Bottom line , supply and demand . the more oil you have the less the price . Biden can do something about that .

[Copier Addict]

Re: $5.00 per gallon gas

The leases are not the problem . The problems are the regulations and lawsuits that can stop a project at once and leave it in limbo for who knows how long . Is that a chance you want to take with a unfriendly government who is doing anything they can to put you out of business. If regulations were not cut to produce the covid vaccine who knows how long that would have taken . Bottom line , supply and demand . the more oil you have the less the price . Biden can do something about that .

No president can force oil companies to drill.
BTW. The less they drill, the bigger their profits. It's supply and demand.

[slimslob]

Re: $5.00 per gallon gas

Now, the oil industry is sitting on a remarkable 9,173 approved, but unused, federal lands drilling permits. To obtain a drilling permit, a company must pay a fee of more than $10,000 and use it within two years (with one two year extension possible). That means oil companies aren’t just speculating; they believe there is oil and gas in their leases and can use the approved permits now. Combined, three companies hold more than a third of all approved, but unused, drilling permits — EOG Resources, Devon Energy, and Occidental Petroleum.

By the numbers: Oil industry awash in permits, leases while pushing for more drilling - Center for Western Priorities.

Having the leases is one thing. Developing a productive field is something totally different. All 3 of those companies are exploration companies. Occidental Petroleum, Oxy, is also a Petrochemical Company and was owned, principle share holder, and operated by Armand Hammer from 1957 until his death in 1990. Armand Hammer was also a close friend of Soviet Leader Nikita Khrushchev and visited the Soviet Union frequently. None of them, are current US production companies.

2 year leases with an option to extend an additional 2 years might be enough time to bring a new exploration field to the point of being ready to sell to a production company when you consider that most drilling rigs are already committed to their current jobs for the next 3 to 5.

And then what happens if the government decides not to further extend the leases once the fields are into production? Something entirely possible with the current administration.

Editing to add.
Looking at the graph in the article I noticed that during President Trump's administration there were nearly 3,000 permits approved in 2017, a little over 3,000 permits in 2018 and 2019 and over 5,000 in 2020. It then fell to under 4,000 in 2021 with Biden in the White House and almost vanished in 2022, down to less than 500.

[Copier Addict]

Re: $5.00 per gallon gas

Having the leases is one thing. Developing a productive field is something totally different. All 3 of those companies are exploration companies. Occidental Petroleum, Oxy, is also a Petrochemical Company and was owned, principle share holder, and operated by Armand Hammer from 1957 until his death in 1990. Armand Hammer was also a close friend of Soviet Leader Nikita Khrushchev and visited the Soviet Union frequently. None of them, are current US production companies.

2 year leases with an option to extend an additional 2 years might be enough time to bring a new exploration field to the point of being ready to sell to a production company when you consider that most drilling rigs are already committed to their current jobs for the next 3 to 5.

And then what happens if the government decides not to further extend the leases once the fields are into production? Something entirely possible with the current administration.

What if?? Your whole complaint is based on "what if".

[BBM]

Re: $5.00 per gallon gas

This administration has proven it would act on the " what ifs" .

[bsm2]

Re: $5.00 per gallon gas

You'd think that with all the drilling going on under Biden that:

a.) Biden wouldn't have drained our strategic reserves.

and

b.) Biden wouldn't have begged the Saudis to increase production.



PS - If Biden drilled all this oil, he must have failed the Greenies?

Where's the Repubicains plan but Bitch and Moan?

Yep Nothing

Let's crash the Government and see what happens?

It's all Trump's fault. Apparently he did nothing but give tax breaks to the already rich corporate Giants. Apparently they didn't drill with all the extra cash

How about them apple's

[bsm2]

[bsm2]

[BBM]

Re: $5.00 per gallon gas

Oil is the most reliable form of energy we have right now . It works , its affordably , there is plenty of it and its good paying jobs .

[BillyCarpenter]

Re: $5.00 per gallon gas

Lets stop the bullshit and misinformation by the trolls.


The truth about Trump Tax Cuts.


1. The government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the passage of tax reform.


2. The corporate tax reform propelled higher income growth and therefore higher income taxes and payroll taxes.


3. Unfortunately, many of the provisions of the Trump tax cuts are set to expire over the next few years.

[Phil B.]

Re: $5.00 per gallon gas

House GOP prepares vote to tie Strategic Petroleum Reserve sales to oil, gas production boosts | Just The News

Sent from my SM-G990U using Tapatalk

[slimslob]

Re: $5.00 per gallon gas

Report Reveals Great Depression Warning Sign Not Seen Since 1932 - Truth Press

[bsm2]

Re: $5.00 per gallon gas

Sorry dude your forecast data is BS 🙂