cancel2 2022 (06-13-2021), Matt Dillon (06-13-2021)
Well, that's not true. I'm sure the KXL ending construction has had a small impact on prices, but nothing compared to Biden stopping all drilling, fracking, and exploration on US government land. That definitely drives the price up. As for shortages... This has more to do with things like refinery maintenance cycles and government regulations along with bans on increased production like pointed out above.
cancel2 2022 (06-13-2021), Matt Dillon (06-13-2021)
Historically, oil companies don't drill on govt. land because of the enviro regulations. During the decade long boom, they've opted to rape private land, leaving nothing but a mess in their wake.
Biden's policy re. govt. land will do nothing but create a fake price hike by Wall St.
Once in a while you get shown the light, in the strangest of places if you look at it right.
cancel2 2022 (06-13-2021)
LV426 (06-14-2021)
https://www.marketwatch.com/story/bi...nd-01611276375Biden administration suspends new oil, gas drilling permits on federal land
https://www.usnews.com/news/business...ts-for-60-daysBiden Halts Oil and Gas Leases, Permits on US Land and Water
My apologies for leaving the word "New" out. That was my mistake. Biden ends all new drilling, fracking and exploration for oil on government land. Better?
Matt Dillon (06-13-2021)
morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.
Trump Wins,
by definition https://www.vocabulary.com/dictionary/trump
cancel2 2022 (06-13-2021)
Once in a while you get shown the light, in the strangest of places if you look at it right.
You're agreeing with an idiot. We import gasoline as a matter of policy for decades now.
https://www.eia.gov/dnav/pet/hist/Le...s=WGTIMUS2&f=W
Once in a while you get shown the light, in the strangest of places if you look at it right.
An analysis by The Associated Press found that oil companies stockpiled leases and pushed through drilling permit applications on public lands in the waning months of the Trump administration, giving the industry a large inventory to work with.
Biden's halt on new oil and gas leasing also does nothing to affect activities on private or state lands, where roughly 90% of the country's oil and gas development occurs.
"The industry has a lot of leases in production, a lot of leases that have been issued, so it won't have an immediate impact. But it will give an immediate opportunity for the administration to think about how we move forward," said Nada Culver, the vice president of public lands at the National Audubon Society.
Once in a while you get shown the light, in the strangest of places if you look at it right.
cancel2 2022 (06-14-2021)
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