Biden threatens oil companies with 'emergency powers' if they don't boost supply

You can always tell when “copy and paste” can’t offer anything in rebuttal when he starts jumping between pseudonyms to avoid exchanging content, funny
 
So why would those producing that crude be in a hurry to increase production, and again, that oil wasn’t targeted for the US market

I'll ask again. Please provide the quote from the link that proves 'that oil' was earmarked for China.

Why would any company, foreign or domestic, want to increase production when all the Rich White countries are at war with the fossil fuel industry?

In a pro fossil fuel environment, oil companies would increase production to grab more of market share from their competitors. Have you ever owned a business?
 
I hardly every watch TV, it does not take a rocket scientist to see the last two democrats in office are trying to shrink the working class with awful agendas

Ain’t the Democrats who redistributed income from the middle to top over the last six decades, that’s all on the right
 
For lying leftist fools claiming Biden is not responsible for oil prices with his actions and policies: :palm:

Biden targets drilling, fossil fuel subsidies in sweeping climate push
 
You can always tell when “copy and paste” can’t offer anything in rebuttal when he starts jumping between pseudonyms to avoid exchanging content, funny

We can always tell when arsecheese is crying and lying. If his fingers are typing or his lips are moving. :palm:
 
The hell it isn't, Democrats on represent the elites and poor class and are continually trying to shrink the working class. Anyone with a 401k sees right through the Biden agenda

https://www.factsarefirst.com/comparison/joe-biden/donald-trump

It ain’t the left who worked overtime to kill the Labor Unions, substituted pension plans with profit schemes, nor passed tax bills that grossly favored the upper classes, those distinctions fall squarely on the right
 
I'll ask again. Please provide the quote from the link that proves 'that oil' was earmarked for China.

Why would any company, foreign or domestic, want to increase production when all the Rich White countries are at war with the fossil fuel industry?

In a pro fossil fuel environment, oil companies would increase production to grab more of market share from their competitors. Have you ever owned a business?

That’s funny, “quote,” typical, and no matter what I offered, the source would be quickly dismissed as fake or partisan

Use your head, the oil from Canada was going to the Gulf, and most of the oil that is refined in the Gulf is exported, did you think that trend was going to suddenly change
 
According to the oil companies, why increase production and cut into profits, and you missed the point, even if they did, there is no guarantee that oil would be sold in the US, again, oil companies are not national, even today, the US is the third largest exporter of oil in the world (https://www.investopedia.com/article...2020 figures.)
link dont work and trying to tell me oil is fungible is like "duh"
Increased production wont lower prices as demand is maxed out ( possible shortages coming)

But you cant flip a switch and just turn on more refining capacity -as the OP says Big Oil is worried Biden will do some more schizophrenia mood changes and then go after oil production

He's said numerous times Biden want to "transition" away from fossil fuels -then today he wants more capacity :palm:
 
That’s funny, “quote,” typical, and no matter what I offered, the source would be quickly dismissed as fake or partisan

Use your head, the oil from Canada was going to the Gulf, and most of the oil that is refined in the Gulf is exported, did you think that trend was going to suddenly change

I already acknowledged it would be exported and drive down global prices. The Gulf refineries export about 2/3s of their product. They also imported about 3 million bpd in 2016.

If you can not provide a quote and source for your claim "earmarked for China", it's just leftist gibberish.
 
Biden's war on oil began with this debate: Minute 8:51 Biden says:

- No more subsidies for fossil fuel industries
- No more drilling on Federal lands
- No more drilling offshore
- No ability for the oil industry to drill PERIOD!

Minute 9:47 he says NO MORE FRACKING.

Minute 10:20 he reasserts NO MORE drilling on federal lands.

Keep this dumb rhetoric in mind next time you fill up your tank and wonder who is responsible. It isn't the Saudi's. It isn't Putin. This is exactly the plan Democrats put in place from day one starting with reversing every order Trump made on the issue.

To watch this lying dumbass blame everyone but himself, and watch his leftist supporters moronically parrot his bullshit, is the epitome of stupidity and lunacy.


 
It ain’t the left who worked overtime to kill the Labor Unions, substituted pension plans with profit schemes, nor passed tax bills that grossly favored the upper classes, those distinctions fall squarely on the right

Yep. Not one of them has even a basic understanding of economics. They are an embarrassment. The destruction of the middle class began with Reagan, and every Repuke since has worshipped the ground he walked on. His policies started forty years of wealth transfer to the most wealthy. I guess that's what they wanted. For someone else to steal their money. Have fun with that.
 
It ain’t the left who worked overtime to kill the Labor Unions, substituted pension plans with profit schemes, nor passed tax bills that grossly favored the upper classes, those distinctions fall squarely on the right

labor unions are less than 5% of the workforce so the average worker does not care. The working class always pays higher taxes under the Democrats, Obamacare- the worst piece of legislation in my lifetime.
 
I already acknowledged it would be exported and drive down global prices. The Gulf refineries export about 2/3s of their product. They also imported about 3 million bpd in 2016.

If you can not provide a quote and source for your claim "earmarked for China", it's just leftist gibberish.
Gulf refineries are built to refine heavy and sour (high sulfur ) crude. They buy the crude at a discount and refine it. Canada western slope produces heavy and sour crude and the XL pipeline was designed to ship it to the Gulf coast where it could be refined. So we export sweet crude which is sold at a premium and import heavy crude which we buy at a discount.
 
Back
Top