Biden admin cancels massive oil and gas lease sale

Phantasmal said:
[FONT="]“In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. Investors remain reluctant to invest in fossil fuels. Pavel Molchanov, an analyst at Raymond James, told [URL="https://www.cnn.com/2022/03/02/energy/us-oil-production/index.html"]CNN Business[/URL] that "oil and gas companies do not want to drill more." [/FONT]
[FONT="]"They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial 'drill, baby, drill,' which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed."

https://www.statesman.com/story/new...ustry-drilling-permits-fact-check/6986833001/[/FONT]
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Ah I see, so then explain why oil was less than half of what it is now under Trump if nobody wanted to drill? Ya nothing to do with Biden's moratorium on new leases and the rescinding of existing leases, and certainly nothing to do with his $50 per ton cost of carbon tax.
 
Phantasmal said:
[FONT="]“In 2020, the oil bust created worker and supply shortages and caused companies to cut their budgets. Investors remain reluctant to invest in fossil fuels. Pavel Molchanov, an analyst at Raymond James, told [URL="https://www.cnn.com/2022/03/02/energy/us-oil-production/index.html"]CNN Business[/URL] that "oil and gas companies do not want to drill more." [/FONT]
[FONT="]"They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial 'drill, baby, drill,' which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed."

https://www.statesman.com/story/new...ustry-drilling-permits-fact-check/6986833001/[/FONT]
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this is 2022 and there are incentives to drill unlike th oil glut of 2020 with COVID
Green regulation like a carbon tax discourage drilling as well
 
Althea said:
Facts. 40% of our pipelines are empty.
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Couldn't have anything to do with the moratorium on new leases, the rescinding of existing leases, or the $50 per ton cost of carbon tax Biden implemented on day one.

Your BS excuses have to explain two things why was oil half of what it was under Trump than it is now and how was the US a net energy exporter and Petroleum independent under Trump if nobody wanted to/was drill/drilling? You people are laughable.
 
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Phantasmal said:
Facts
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Do you think placing a moratorium on new leases, rescinding existing leases, and Instituting a $50 per ton carbon tax will help Brandon politically when gas prices are as high as they are now?
Also, do you believe the above will cause cooler temperatures? If successful in making temperatures slightly cooler do you believe the public is willing to suffer economically to have weather that is cooler but not noticeably?
 
FreeSpeech1789 said:
Ah I see, so then explain why oil was less than half of what it is now under Trump if nobody wanted to drill? Ya nothing to do with Biden's moratorium on new leases and the rescinding of existing leases, and certainly nothing to do with his $50 per ton cost of carbon tax.
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Moron. The trump virus cut global demand for all goods. Especially fuel. Are you too stupid to remember that the airlines shut down?

Why don't you explain why trump guaranteed his masters in Russia/Saudi Arabia that U.S would cut production to bolster prices? After demanding that Saudi Arabia cut their production?


[h=1]Special Report: Trump told Saudi: Cut oil supply or lose U.S.
military support - sources[/h]
The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output.
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Phantasmal said:
I don’t respond to scumbags who insult Native American women.
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That’s all well and good but you do respond to me:
anonymoose said:
Not only do we have no water restrictions but we pay one fee and use as much water as we want.
The tundra is most definitely not frozen in the summer. I work part time In Bethel and see the tundra flying in. Not only do the Kuskikwim and Yukon rivers flow through but there’s countless unnamed lakes that cover the Yukon-Kuskokwim Delta which is the size of Texas. Water is unlimited.
You know squat about Alaska.
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Althea said:
We have wells. Easy peasy.
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The question a little too uncomfortable for you to answer?

Do you think placing a moratorium on new leases, rescinding existing leases, and Instituting a $50 per ton carbon tax will help Brandon politically when gas prices are as high as they are now?
Also, do you believe the above will cause cooler temperatures? If successful in making temperatures slightly cooler do you believe the public is willing to suffer economically to have weather that is cooler but not noticeably?

You know the answers.
 
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FreeSpeech1789 said:
Couldn't have anything to do with the moratorium on new leases, the rescinding of existing leases, or the $50 per ton cost of carbon tax Biden implemented on day one.

Your BS excuses have to explain two things why was oil half of what it was under Trump than it is now and how was the US a net energy exporter and Petroleum independent under Trump if nobody wanted to/was drill/drilling? You people are laughable.
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No. It has to do with the fact that American oil producers have cut production in order to hike prices.


How can you be so stupid?
 
Althea said:
What question?
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Do you think placing a moratorium on new leases, rescinding existing leases, and Instituting a $50 per ton carbon tax will help Brandon politically when gas prices are as high as they are now?
Also, do you believe the above will cause cooler temperatures? If successful in making temperatures slightly cooler do you believe the public is willing to suffer economically to have weather that is cooler but not noticeably?
 
anonymoose said:
Do you think placing a moratorium on new leases, rescinding existing leases, and Instituting a $50 per ton carbon tax will help Brandon politically when gas prices are as high as they are now?
Also, do you believe the above will cause cooler temperatures? If successful in making temperatures slightly cooler do you believe the public is willing to suffer economically to have weather that is cooler but not noticeably?
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Why did you drag a quote of mine from a thread about water, and place it here?

Moratorium on new Fed leases has absolutely no effect on oil prices, and you know it.

Why were leases cut when Dubyah was in office?
 
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