Biden blames oil companies for not drilling

9,754 Views | 106 Replies | Last: 2 yr ago by VaultingChemist
RGLAG85
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Salute CornPops Message said:

I wish the O&G industry would come out in a full blown campaign debunking his drivel and explaning to the world what reality is.....
Yeah, like our MSM would air it. Who's going to show that?
RGLAG85
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BrazosDog02 said:

Bigfoot Is Real said:

Drill with what funds?
That's what Biden leaves out. He's absolutely right that oil companies aren't drilling. He is absolutely right that high oil prices aren't his fault. What he ALLOWS is the implication that the oil companies ARE to blame. They are not. If people had any idea what it takes to develop fields, run a company, put up wells, understand global markets, covid impacts over the past years, etc, etc....they would fully understand why the demand is high and the supply is low. Unfortunately, people are too lazy and/or stupid to understand these things. It is far easier for the clowns on the right to blame our beloved vegetable in chief while putting goofy stickers on gas pumps and for the idiots on the left to blame oil companies and trump. It's just easier to remain completely ignorant of middle school economics and current events than to use critical thinking skills to figure it out.
Is this suppose to be sarcasm? If not, it's dripping, leftist propaganda. Everything this man has done was intentional to weaken our oil industry to drive up the cost of fossil fuel energy to make green energy even closer to feasible. Sure, there may be a few lesser influences, but his policy are too nail the coffin on fossil fuel and hurt the middle class in the process.
bkag9824
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**** that man.

Pure evil to lie in such a manner.

Not your fault the Keystone pipe that was ready to put in the ground is now being sold for scrap after the operator paid for it to be manufactured?

Not your fault your administration has created unprecedented upheaval amongst regulatory bodies preventing the mitigation of risk in already risky investments and significantly deterred current/future developments?

Seriously. **** that man and anybody too willfully ignorant to understand basic economics. No, that's too complicated. Too willfully ignorant to grasp the simplistic understanding that modern society exists thanks to fossil fuels.
A New Hope
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As soon as FJb took office he went after oil companies. He vilified companies making money. He vilified people who made money.

Then he wonders why everyone with a job or business hates him.

I hope all the doofus that voted for him STFU for the next 3 years.

I hope midterms are a bloodbath.
MarkTwain
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Biden takes office inflation was 1.4%

  • Jan 2021 - "When I implement my build back better plan I'm going to turn this economy around. I'm not going to shut down the economy I'm going to shut down the virus" (228,000 covid US deaths) Biden Signs 28 executive orders on Jan 20 2021 including killing the Keystone Pipeline, killed drilling on BLM land, and used his buddies on Wall Street to stop funding drilling anywhere, as well as lifting Trump's sanctions on Russia, and halting Trump's immigration remain in Mexico policy. The average national price for gasoline is at $2.38 for the week of Jan. 19, 2021. 785K crossed the southern border in 2020 65% were immediately deported
  • March 2021 Inflation @ 2.6% "This inflation is just transitory, build back better will bring it back down"
  • April 2021 Inflation @ 4.2% "This inflation is transitory, give my plan time to show real results"
  • May 2021 Inflation @ 5% "We have Supply chain issues affecting the economy, which is why we need to pass build back better" Fuel Avg $2.85
  • Jul 2021 Inflation @ 5.4% still blaming supply chain and Trump Fuel avg $2.95
  • Nov 2021 Inflation @ 6.8% Biden signs $1.3 trillion "infrastructure" bill that is only actually 23% about infrastructure
  • Dec 2021 inflation @ 7% (40 year high) Biden is bragging about saving Christmas. Fuel avg tops $3.00 and 989K dead from COVID Build Back Batter fails in the Senate - 2 million crossed the southern border in 2021 23% were deported.
  • Feb 2022 inflation @ 7.9% Biden's blaming Manchin and Senima for killing Build Back Better Fuel avg $3.85
  • Mar 2022 Inflation numbers N/A Putin invades Ukraine Fuel avg $4.33 Biden is blaming Putin now and Trump for weakening NATO.




Biden's full of excuses and ZERO answers
“Never argue with stupid people, they will drag you down to their level and then beat you with experience" - Mark Twain
Trucker 96
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BrazosDog02 said:

Bigfoot Is Real said:

Drill with what funds?
That's what Biden leaves out. He's absolutely right that oil companies aren't drilling. He is absolutely right that high oil prices aren't his fault. What he ALLOWS is the implication that the oil companies ARE to blame. They are not. If people had any idea what it takes to develop fields, run a company, put up wells, understand global markets, covid impacts over the past years, etc, etc....they would fully understand why the demand is high and the supply is low. Unfortunately, people are too lazy and/or stupid to understand these things. It is far easier for the clowns on the right to blame our beloved vegetable in chief while putting goofy stickers on gas pumps and for the idiots on the left to blame oil companies and trump. It's just easier to remain completely ignorant of middle school economics and current events than to use critical thinking skills to figure it out.


His administration has been openly hostile to O&G since day 1 of his campaign. Our production is down 15%. Production requires massive capital outlay to replace declining wells. Capital is expensive, capital involves risk, and when the administration makes it extremely difficult to both acquire capital and puts the expended capital at risk due to its policies, that administration is to blame when oil companies decide to hold tight. Our crude oil production increased from 8800k bbl/day under Obama to 12,900k under Trump. Now it is down 15%.
74OA
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"There are currently more than 9,100 leases the federal government has approved that oil companies have yet to drill on as well as another 4,600 that are pending review, according to the federal Bureau of Land Management."

But it's not as simple as that. Energy
LMCane
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My Name Is Judge said:

If you say it enough people will begin to believe it
a majority of Americans still can remember more than what happened TWO WEEKS AGO.

the RNC can run endless ads showing the rates of inflation from 2% to 7.5% BEFORE Putin invaded Ukraine.

it's very easy to disprove Biden's lies

most Americans are not going to fall for it. and I bet some independents are getting tired of Biden's endless excuses and blaming everyone else except for his own policies.
LMCane
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BrazosDog02 said:

Bigfoot Is Real said:

Drill with what funds?
That's what Biden leaves out. He's absolutely right that oil companies aren't drilling. He is absolutely right that high oil prices aren't his fault. What he ALLOWS is the implication that the oil companies ARE to blame. They are not. If people had any idea what it takes to develop fields, run a company, put up wells, understand global markets, covid impacts over the past years, etc, etc....they would fully understand why the demand is high and the supply is low. Unfortunately, people are too lazy and/or stupid to understand these things. It is far easier for the clowns on the right to blame our beloved vegetable in chief while putting goofy stickers on gas pumps and for the idiots on the left to blame oil companies and trump. It's just easier to remain completely ignorant of middle school economics and current events than to use critical thinking skills to figure it out.
of course high prices ARE his fault. what are you talking about?!

his VERY FIRST DAY he ended XL pipeline

put pressure on the Israelis not to construct a LNG terminal to Europe

had his EPA go after oil and gas

backs the corporate finance world cutting off loans based on ESG corporate governance scores

stopped drilling on federal lands

stopped fracking projects

rejoined the Paris Climate accords

agreed with high taxation policies by the government which adds costs to the price of fuel

other than Biden actually shooting oil executives on the street- what could an American government do in addition to hurt oil and gas?!?

Trump literally predicted all of this would happen back during the campaign!
halfastros81
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If the oil companies got the same breaks as wind and solar energy get we'd be a swimming in oil.
samurai_science
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74OA said:

"There are currently more than 9,100 leases the federal government has approved that oil companies have yet to drill on as well as another 4,600 that are pending review, according to the federal Bureau of Land Management."

But it's not as simple as that. Energy
https://wattsupwiththat.com/2022/03/08/there-are-9000-approved-oil-leases-that-the-oil-companies-are-not-tapping-into-currently/


81% of the currently open leases in the Central GOM have never been leased, leased and unsuccessfully drilled or are abandoned oil & gas fields.
The D
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He can't even talk at this point. So sad. Imagine where he is going to be in 2-3 years
The D
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BrazosDog02 said:

Bigfoot Is Real said:

Drill with what funds?
That's what Biden leaves out. He's absolutely right that oil companies aren't drilling. He is absolutely right that high oil prices aren't his fault. What he ALLOWS is the implication that the oil companies ARE to blame. They are not. If people had any idea what it takes to develop fields, run a company, put up wells, understand global markets, covid impacts over the past years, etc, etc....they would fully understand why the demand is high and the supply is low. Unfortunately, people are too lazy and/or stupid to understand these things. It is far easier for the clowns on the right to blame our beloved vegetable in chief while putting goofy stickers on gas pumps and for the idiots on the left to blame oil companies and trump. It's just easier to remain completely ignorant of middle school economics and current events than to use critical thinking skills to figure it out.


I thought Billy Madison's response was the dumbest thing I have ever heard.
richardag
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I hope this link works, found the graph interesting
Texker
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Ag87H2O said:

The plaque on Biden's desk in the Oval Office should read -

"The buck stops anywhere but here"

The lying jacka** will never admit he along with his fellow Democrats are the problem.


I bet it reads "10% of all bucks stop here."
samurai_science
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sicandtiredTXN said:

Biden takes office inflation was 1.4%

  • Jan 2021 - "When I implement my build back better plan I'm going to turn this economy around. I'm not going to shut down the economy I'm going to shut down the virus" (228,000 covid US deaths) Biden Signs 28 executive orders on Jan 20 2021 including killing the Keystone Pipeline, killed drilling on BLM land, and used his buddies on Wall Street to stop funding drilling anywhere, as well as lifting Trump's sanctions on Russia, and halting Trump's immigration remain in Mexico policy. The average national price for gasoline is at $2.38 for the week of Jan. 19, 2021. 785K crossed the southern border in 2020 65% were immediately deported
  • March 2021 Inflation @ 2.6% "This inflation is just transitory, build back better will bring it back down"
  • April 2021 Inflation @ 4.2% "This inflation is transitory, give my plan time to show real results"
  • May 2021 Inflation @ 5% "We have Supply chain issues affecting the economy, which is why we need to pass build back better" Fuel Avg $2.85
  • Jul 2021 Inflation @ 5.4% still blaming supply chain and Trump Fuel avg $2.95
  • Nov 2021 Inflation @ 6.8% Biden signs $1.3 trillion "infrastructure" bill that is only actually 23% about infrastructure
  • Dec 2021 inflation @ 7% (40 year high) Biden is bragging about saving Christmas. Fuel avg tops $3.00 and 989K dead from COVID Build Back Batter fails in the Senate - 2 million crossed the southern border in 2021 23% were deported.
  • Feb 2022 inflation @ 7.9% Biden's blaming Manchin and Senima for killing Build Back Better Fuel avg $3.85
  • Mar 2022 Inflation numbers N/A Putin invades Ukraine Fuel avg $4.33 Biden is blaming Putin now and Trump for weakening NATO.




Biden's full of excuses and ZERO answers
Dont forget May 21, 2021


https://www.msn.com/en-us/news/world/biden-lifts-us-sanctions-on-major-russian-pipeline/ar-AAKaRHA

The Biden administration has waived sanctions on a company building a controversial gas pipeline between Russia and Germany.

The US also lifted sanctions on a Russian President Vladimir Putin ally who leads the firm behind the Nord Stream 2 project.

The move came in a report on Russian sanctions delivered to Congress on Wednesday by the Department of State.

Critics say the pipeline is a major geopolitical prize for the Kremlin.
McKelveysCurse
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https://texags.com/forums/16/topics/3277422/replies/61656538
Raiderjay
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Press should keep putting Biden's own words in front of him:

" "Number one, no more subsidies for fossil fuel industry," Biden said at the debate. "No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period, ends, number one."





Bash: "Thank you, Mr. Vice President. Just to clarify, would there be any place for fossil fuels, including coal and fracking, in a Biden administration?"

Biden: "No, we would -- we would work it out. We would make sure it's eliminated and no more subsidies for either one of those, either -- any fossil fuel."
doubledog
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MarkTwain
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Salute CornPops Message said:

Press should keep putting Biden's own words in front of him:

" "Number one, no more subsidies for fossil fuel industry," Biden said at the debate. "No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period, ends, number one."





Bash: "Thank you, Mr. Vice President. Just to clarify, would there be any place for fossil fuels, including coal and fracking, in a Biden administration?"

Biden: "No, we would -- we would work it out. We would make sure it's eliminated and no more subsidies for either one of those, either -- any fossil fuel."


They love to stand there and lie about how they give subsidies to the industry. Why don't they just tell the truth and say tax breaks.

A true subsidy is when you take actual tax money and give it to an industry like the billions they give the big three in Detroit to build EVs. Or the billions they give in actual tax money to put up worthless windmills that are worn out in ten years and have to be completely refurbed every 12 to 18 months depending on the amount they are actually rotating. The cost of a complete refurb is close to a million dollars which gets a $650k subsidy every time to offset the cost. No subsidies and windmills are a money pit. If they break even and supply power they are considered a success at the taxpayers expense. Any power generated from a wind farm should be free, but taxpayers pay for it twice.

A tax break is just letting a company or person keep their own money. Tax breaks to companies are incentives to have them do business in an area hire local people to stimulate the economy by increasing the amount of money taxpayers have to spend or to promote certain types of behaviors.

Politicians lie to fulfill a narrative but letting an entity or person keep more of their own money they earned isn't true subsidization, it's just an incentive. They say subsidy and the sheep just lap it up like they are giving them actual money

Sheep just listen to this crap and eat it up like tripe, completely ignorant of the truth.
So when he says no more subsidies he's just says he's going to tax the companies more which is directly passed down to the consumer
“Never argue with stupid people, they will drag you down to their level and then beat you with experience" - Mark Twain
aggiehawg
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nortex97
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WolfCall
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Biden and the Left (Dems) are responsible for this!
You voted for this because you didn't like Mean Tweets?!
TheMasterplan
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Agree with this however can you post some info about true subsidies given to wind/solar? I thought they were just tax credits for every kWh/hr produced which I think is different than a direct subsidy you're talking about.

MarkTwain
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TheMasterplan said:

Agree with this however can you post some info about true subsidies given to wind/solar? I thought they were just tax credits for every kWh/hr produced which I think is different than a direct subsidy you're talking about.


I actually didn't even mention solar however


Windmills get direct subsidies as well as some tax credits

Solar gets huge federal rebates for installation that are paid with tax money and annual tax credits as long as they are in use.
“Never argue with stupid people, they will drag you down to their level and then beat you with experience" - Mark Twain
BusterAg
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When the wind is blowing at night in west Texas, you have been able to buy electricity for negative 98 cents per mwh. That means, if I take your electricity, you pay me 98 cents. The reason was there was a 1 dollar per hour tax credit per mwh at the time. You tell me if you think that is or is not a subsidy.
Old Sarge
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Leases all you want you SOBs, but give them the permits to use the leases you pieces of ****s. Goddam gaslighters.
"Green" is the new RED.
Trucker 96
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Not to mention, you've got Pocahontas threatening nee taxes on them. Shocker that they hesitate to drill when they don't know the economics of it
B-1 83
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https://www.breitbart.com/politics/2022/03/10/watch-aoc-2021-shames-bank-ceos-financing-new-oil-drilling/




Being in TexAgs jail changes a man……..no, not really
Loyalty
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4stringAg said:

He is the worst President of my lifetime and Carter isn't even a close second at this point.

But what genuinely pisses me off is the media that just carries his water without question. They are to me the biggest enemy this nation has and are the true purveyors of misinformation. Liars like Biden lie because of no consequence and no accountability from the press.
Dr. Mephisto
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Alternate thread title:

"Biden wonders why oil companies won't cover for his stupid decisions."
Willie_Mac
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sicandtiredTXN said:

Biden takes office inflation was 1.4%

  • Jan 2021 - "When I implement my build back better plan I'm going to turn this economy around. I'm not going to shut down the economy I'm going to shut down the virus" (228,000 covid US deaths) Biden Signs 28 executive orders on Jan 20 2021 including killing the Keystone Pipeline, killed drilling on BLM land, and used his buddies on Wall Street to stop funding drilling anywhere, as well as lifting Trump's sanctions on Russia, and halting Trump's immigration remain in Mexico policy. The average national price for gasoline is at $2.38 for the week of Jan. 19, 2021. 785K crossed the southern border in 2020 65% were immediately deported
  • March 2021 Inflation @ 2.6% "This inflation is just transitory, build back better will bring it back down"
  • April 2021 Inflation @ 4.2% "This inflation is transitory, give my plan time to show real results"
  • May 2021 Inflation @ 5% "We have Supply chain issues affecting the economy, which is why we need to pass build back better" Fuel Avg $2.85
  • Jul 2021 Inflation @ 5.4% still blaming supply chain and Trump Fuel avg $2.95
  • Nov 2021 Inflation @ 6.8% Biden signs $1.3 trillion "infrastructure" bill that is only actually 23% about infrastructure
  • Dec 2021 inflation @ 7% (40 year high) Biden is bragging about saving Christmas. Fuel avg tops $3.00 and 989K dead from COVID Build Back Batter fails in the Senate - 2 million crossed the southern border in 2021 23% were deported.
  • Feb 2022 inflation @ 7.9% Biden's blaming Manchin and Senima for killing Build Back Better Fuel avg $3.85
  • Mar 2022 Inflation numbers N/A Putin invades Ukraine Fuel avg $4.33 Biden is blaming Putin now and Trump for weakening NATO.




Biden's full of excuses and ZERO answers
would add January 2022 Biden: " that's a great asset, more inflation..."

richardag
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zachsccr said:


When he said buck there are other definitions.
Right Hunter?


TheMasterplan
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BusterAg said:

When the wind is blowing at night in west Texas, you have been able to buy electricity for negative 98 cents per mwh. That means, if I take your electricity, you pay me 98 cents. The reason was there was a 1 dollar per hour tax credit per mwh at the time. You tell me if you think that is or is not a subsidy.
Not arguing or being hostile. All I've read is that they receive "tax credits" which semantically are different than direct subsidies. Can ya'll post the subsidy or plan for this? Googling isn't really helping.

I'd like to know this to keep in my back pocket when discussing these things as I know for a fact that the O&G doesn't receive subsidies but recieves tax breaks. One of which is available to everyone with the domestic manufacturing tax break.
TxAgswin
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fantasma said:

sicandtiredTXN said:

Biden takes office inflation was 1.4%

  • Jan 2021 - "When I implement my build back better plan I'm going to turn this economy around. I'm not going to shut down the economy I'm going to shut down the virus" (228,000 covid US deaths) Biden Signs 28 executive orders on Jan 20 2021 including killing the Keystone Pipeline, killed drilling on BLM land, and used his buddies on Wall Street to stop funding drilling anywhere, as well as lifting Trump's sanctions on Russia, and halting Trump's immigration remain in Mexico policy. The average national price for gasoline is at $2.38 for the week of Jan. 19, 2021. 785K crossed the southern border in 2020 65% were immediately deported
  • March 2021 Inflation @ 2.6% "This inflation is just transitory, build back better will bring it back down"
  • April 2021 Inflation @ 4.2% "This inflation is transitory, give my plan time to show real results"
  • May 2021 Inflation @ 5% "We have Supply chain issues affecting the economy, which is why we need to pass build back better" Fuel Avg $2.85
  • Jul 2021 Inflation @ 5.4% still blaming supply chain and Trump Fuel avg $2.95
  • Nov 2021 Inflation @ 6.8% Biden signs $1.3 trillion "infrastructure" bill that is only actually 23% about infrastructure
  • Dec 2021 inflation @ 7% (40 year high) Biden is bragging about saving Christmas. Fuel avg tops $3.00 and 989K dead from COVID Build Back Batter fails in the Senate - 2 million crossed the southern border in 2021 23% were deported.
  • Feb 2022 inflation @ 7.9% Biden's blaming Manchin and Senima for killing Build Back Better Fuel avg $3.85
  • Mar 2022 Inflation numbers N/A Putin invades Ukraine Fuel avg $4.33 Biden is blaming Putin now and Trump for weakening NATO.




Biden's full of excuses and ZERO answers
would add January 2022 Biden: " that's a great asset, more inflation..."


You conveniently left out the second half of the clearly sarcastic quote "that's a great asset, more inflation. What a stupid son of a *****".

And, in fairness, it was a stupid question. The guy asked him if he thought inflation was a problem for him politically. I think a "what do you think, dumbass? Yeah, it's a huge ****ing problem." would have been a reasonable answer there.

Also, is lashing out at the media suddenly frowned upon? Are only Republican Presidents allowed to do that? His predecessor did similar **** (usually much worse) in virtually every press conference he held for four years and the Right applauded him. Biden does it once and the Right jumps all over him and says he's losing his mind. Absolute hypocrisy.
"A house divided cannot stand"

Abraham Lincoln
 
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