At this point, it rather makes me wonder if this is a case of Brandon and other Warmists taking advantage of the economic situation with high gas prices, or if they worked to actually cause it. Because Biden worked from day one to hurt the oil production industry, and then seemingly pushed Putin into invading Ukraine
On Tuesday’s broadcast of “CNN Newsroom,” White House National Economic Council Director Brian Deese argued that the situation in Ukraine underscores the need for “true energy independence, and that’s about reducing our dependence on fossil fuels.” And that we have to decrease dependence on oil and gas “so that we and our allies, like those in Europe” aren’t as vulnerable to changes in the global price of oil.
Deese stated that the ban on importing Russian oil “will have an impact” on gas prices. And “what we’re focused on is trying to make sure that we can bring — in the short term — supply of oil and gas globally, do everything we can to ensure adequate supply. But also keep an eye on the long term, which is this crisis should underscore how important it is for all of us to achieve true energy independence, and that’s about reducing our dependence on fossil fuels. So, over the long term, the kinds of steps we can take here domestically to be less reliant on oil and on gas are really important.”
I have a few ideas on that. I’ll get to it in a moment
Biden’s climate change agenda would reduce oil demand enough to replace Russian imports: Study
President Biden’s announcement that the United States will ban imports of Russian oil caused the price of crude to surge on Tuesday morning. However, the pain that Americans are set to feel at the gas pump could eventually be offset if Congress were to pass Biden’s Build Back Better agenda, a new study finds.
An analysis released Tuesday by the nonpartisan think tank Energy Innovation finds that the climate change provisions of Biden’s now-defunct proposal, such as tax credits for buying new electric vehicles, would have reduced U.S. oil consumption by 2025 by half of the roughly 200,000 barrels of crude oil from Russia per day that the U.S. imported last year. By 2027, the U.S. would have cut oil consumption by more than it was importing from Russia and by 2030, the U.S. would have cut oil consumption by more than double its Russian imports.
“As long as long as we are dependent on an international energy commodity like oil, whose prices are based on the actions of all producers in the world, whether it’s Russia or OPEC or the U.S., we’re never going to be energy secure,” Robbie Orvis, senior director of energy policy design at Energy Innovation and the author of the report, told Yahoo News. “The only robust, long-term way to be energy secure is to eliminate demand for fossil fuels. The provisions on the table right now would really kind of kick-start that transition.”
You just have to give up lots of money and freedom to do so.
Sen. Ed Markey, D-Mass., who co-sponsored the Green New Deal legislation, issued a statement on Tuesday calling for the Russian oil import ban to be made permanent and to pass the climate portion of Build Back Better, which would spend $555 billion over 10 years on everything from tax credits for buying solar panels, to incentives for manufacturing longer-lasting solar batteries and small modular nuclear reactors.
Interesting, Markey is attempting to throw in the incentive of nuclear power to woo Republicans to vote for it. Yet, he’s still not putting it up for a stand alone vote, and, you know most Democrats would spike any attempt to build nuclear plants. Anyhow, here’s an idea: if we want to reduce our use of fossil fuels, why not start with the federal government? Biden can stop taking a fossil fueled helicopter ride to Delaware or Camp David almost every weekend. He can stop taking long, fossil fueled flights for day jaunts, like he did yesterday to Texas, which requires a backup jet, fighter jet protection, and a large convoy of fossil fueled vehicles.
Employees of the Executive Branch can be forced to reduce their use of fossil fuels. No more taking their government vehicles home. If they live in the D.C. area, let them walk, bike, take the bus, ride the train. No personal use of government vehicles. Car pooling. Restrict the use of the big SUVs they love using.
For Congress, no more fossil fueled flights on the government dime except where utterly necessary. Take the train. It’s easy for those who live on the west coast and northeast. No private jets. Where they have to fly, commercial only. No flying back and forth constantly. We can start there.
Are oil and gas companies price gouging consumers at the pump?
With gasoline prices poised to reach a new all-time high within days, President Joe Biden recently issued a stern warning to the nation’s oil producers and gas retailers.
“American oil and gas companies should not – should not exploit this moment to hike their prices to raise profits,” Biden said in a speech.
Are they, in fact, illegally price-gouging Americans at the pump or in the oil fields?
Most analysts say the short answer is no, but oil executives sometimes get close to crossing the line of anticompetitive behavior in their public comments.
“Oil companies don’t get to decide what to sell their oil at,” says Patrick De Haan, head of petroleum analysis at the fuel-savings app GasBuddy. “Oil prices are decided by (global) buyers and sellers.”
It’s a cute talking point meant to deflect attention, but, they aren’t setting the ultimate price. Perhaps it’s not the best idea to have it set by the buyers and sellers, who can bid up the price because of fear and concern. If Brandon announced a ton of new oil permits, you’d see the price drop, even though there’s no new oil. Why does war in Ukraine increase the price if Russia, Saudi, and others producing the same amount? Fear. You could certainly argue that it’s a reason to reduce our usage, but, it isn’t oil companies price gouging.
It’s almost like Brandon and Warmists are taking advantage of the pain Americans are feeling to push their hardcore agenda, while refusing to do anything in their own lives.
Our esteemed host began:
The two possibilities are not mutually exclusive, though I doubt that even someone as stupid as the dummkopf from Delaware would have pushed fuel prices this high on purpose. Sometimes politicians mounting up find that they aren’t riding a horse, but a tiger.
Of course, knowing that the nation’s name is actually pronounce Nee-zher kind of messes up William Monkhouse’s limerick . . . .
Biden claims there are 1000 or so unused leases for oil and gas. Probably true.
Buying a lease is easy. Getting it permitted to use that lease is impossible thanks to litigation by leftist low-level judges who can destroy the USA economy with the whim of his/her political thought.
This is why fracking is being destroyed in the US. It is easy to frack now. It is majorly difficult to get the permits to run pipelines, buy casing that prevents oil drilling mud to leak into the groundwater. You need to build a road to the oil field. Those things need permits.
Financing? No banks are touching fracking now because Judges simply step in and crush the project before it can amount to anything. No one wants to invest in that.
Biden said his administration is not preventing anyone from drilling is disingenuous at best and a downright lie at its worst. Of course, they are preventing fracking and drilling by having 100 regulations per month written into law making drilling impossible to do.
Leases are nothing. Hardly worth the paper, they are written on if you cannot get the materials to drill, the permits to lay the infrastructure to drill and the means to get that oil or gas to market.
Of course, the left is preventing drilling in the USA. Anyone that spends 1 minute researching the issue can understand the hostility toward oil and natural gas to the detriment of the world. Because now they are simply putting the power of the world in the hands of the Middle East and Russia once again. For no good reason since Russia has really dirty oil and doesn’t care about the environment while the USA goes out of its way to drill as responsibly as is possible given the intrinsically dangerous business of drilling for oil and gas.
That all doesn’t matter since the object is to destroy the USA’s economic hegemony. Our economic, cultural and military destruction is called “Build Back Better”. It morphed from “Fundamentally Change” under the Obama crime family. They think they’re fooling us.
Even the WSJ debunks the “9000 leases” meme. It’s all bullshit but the leftists push the lie anyway. That crap seems to work for them:
The Wall Street Journal is also debunking this claim:
“Companies have to obtain additional permits for rights of way to access leases and build pipelines to transport fuel. This has become harder under the Biden fake Administration…companies must build up a sufficient inventory of permits before they can contract rigs because of the regulatory difficulties of operating on federal land,” the Editorial Board writes. “It takes 140 days or so for the feds to approve a drilling permit versus two for the state of Texas. The Administration has halted onshore lease sales. Producers are developing leases more slowly since they don’t know when more will be available. Offshore leases were snapped up at a November auction because companies expect it might be the last one.”
Second, President Joe Biden shut down the Keystone XL pipeline within hours of taking office on January 20, 2021. He did so after lobbying from climate groups. When completed, the pipeline would have carried 700,000 barrels of oil across the U.S. each day. He also stopped exploration in ANWAR.
And third, current regulations being implemented on behalf of climate activists are hindering the oil and gas industry and causing prices to rise. The week Russia invaded Ukraine, the Biden Administration froze new leases. From CNBC:
The Biden administration is delaying decisions on new oil and gas leases and permits after a Louisiana federal judge blocked officials from using higher cost estimates of climate change.
The leasing pause is an unintended result of the Feb. 11 decision by U.S. District Judge James Cain, who sided with a group GOP-led states and argued that the Biden administration’s attempt to raise the real cost of climate change would hike energy costs and hurt state revenues from energy production.
One of the most significant and unintended outcomes of the ruling is the government’s pause on new oil and gas leases and permits to drill on federal lands and waters. Lease sales in states across the U.S. West, including Montana and Wyoming, are now delayed.”
But the Brandon junta will buy from other terrorist states so we won’t have gas higher than $10 or $15 a gallon. Wow, that was close.
BTW, we know joe the usurper stated yesterday we “would no longer be buying oil from Russia” which is technically true. But being an international market China will now increase their purchase of Russian oil and then sell it to us. See how the criminal in the WH does that? Poof! It’s fukin’ magic.
Lets go Brandon, more kids in Ukraine to kill with biological weapons.
Teach seems to think we should INCREASE our dependence on fossil fuels. Interesting since apparently their price is so volatile unlike renewables which are consistent. Nukes take a looong time to build IF you can get rid of local opposition.sonce they are very bad for neighboring propery values.especially downwind.
And Jonah seems to think we should DECREASE our dependence on fossil fuels. Why?
From The Philadelphia Inquirer, not exactly an evil reich-wing propaganda site:
There’s more at the original, and I omitted the internal links, because there were so many they’d send this comment into moderation.
I just got my sparktricity bill, and with most, though not all, of our heating on it, it’s $325.73 for the house and $30.11 for the shop. Now, imagine if we were driving plug-in Chevy Dolts: all of the electric charging for the month would be coming in one monthly bill! It will be argued that that might still be a bit less than gasoline, but when a month’s worth of your driving costs comes all at once, that can be quite the shock. Yes, we have the money, and the discipline, to handle that, but when I see these ‘payday loan’ places — and they certainly seem to have metastasized in poor eastern Kentucky — you know that there are a whole lot of people who are not living just paycheck to paycheck, but from paycheck to not quite the next paycheck. Do these people have the money and discipline to save up for that next big electric bill?
We bought a house for my sister-in-law, and got her electric bill — from a different provider — which was $462.80. The house we bought for her is total electric, so that includes the range and water heater, which our bill does not.
Those bills were for February, a cold winter month, so they’ll decrease as spring springs, but I can imagine what it would be like if there were a couple hundred more bucks tacked on to charge electric vehicles. This is something the left, which tell us how wonderful it would be to go all-electric, never consider: Joe Biden and Pete Buttigieg have plenty of money, and a big electric bill would, to them, be certainly manageable, but the Patricians just don’t understand the lives, the economics, and the struggles of the working class.
In 2019, before the panicdemic, the Federal Reserve reported that “Nearly 40 percent of Americans would struggle to cover an unexpected $400 expense, according to a new report by the Federal Reserve — a stark reminder of many people’s financial insecurity even amid solid economic growth.” Yet the people who could handle such an expense are trying to proscribe a ‘solution’ to
global warmingclimate change that would drastically change how the working class would have to handle things . . . if they could at all.The world uses 2% of the total global proven oil reserves each year. Calculus estimates this will last 47 years at this rate.
The US of A has 2% of the world’s proven oil reserves, and we’re removing it from the ground at a record pace. How much longer can we maintain ‘energy independence’?
The Saudis and Venezuela have nearly 40% of the world’s oil reserves.
BAD NEWS FOR YOU DOWNER DOWD!
PROVEN oil reserves is the go to LIE by the LEFT to show that were all gonna freeze to death if we don’t build 100 trillion windmills and solar panels, Incidenly which all will have to be rebuilt in 20 years AGAIN….STOOOOPPPPIIIDDDDDD!!!!!
A 2016 conservative estimate set the total world resources of oil shale equivalent to yield of 6.05 trillion barrels (962 billion cubic metres) of shale oil, with the largest resource deposits in the United States accounting for more than 80% of the world total resource.[2] For comparison, at the same time the world’s proven oil reserves are estimated to be 1.6976 trillion barrels (269.90 billion cubic metres)
The US has more Oil than the rest of the world combined in shale oil.
Just a month ago, “Feds Discover Largest Oil, Natural-Gas Reserve in History.” The U.S. Geological Survey concludes that shale in Texas and New Mexico “hold 49 years worth of oil.”
The estimate is that the USA can provide the world with enough oil and natural gas to last well over 120 years. Easily. This is more than enough time to transition to GREEN energy and here is hoping that the ginormous FUSION plant being built in Europe will lead to the break through of fusion energy which will end about 70 percent of the worlds need for fossil fuels.
Perhaps 100 percent if batteries can power tanks and airplanes.
This will cause a drop in crude oil prices.
Jeff,
Are you reading the recent article or the exact one fro 100 years ago.
The davebot9000 and FM point out that we’re saved! Can’t wait for energy prices to plummet! Being awash in all this oil, shouldn’t gasoline be almost free?
We are replete with accessible oil!! BTW, the article about the TX and NM oil, “Feds Discover Largest Oil, Natural-Gas Reserve in History”, was from Dec 2018, not a month ago. The article mysteriously, coincidentally appeared just a week before Int Sec Zinke was fired from Interior for corruption. “Christmas came a few weeks early this year,” disgraced former Secretary of the Interior Ryan Zinke said of the new reserve, which is believed to have enough energy to fuel the U.S. for nearly seven years.
Did FM lie about the date because he knew that knowledge had been included in the estimates? The davebot9000, being an unthinking machine, fell for it!
Did the Dowdster LIE about the proven oil reserves?
Inquiring minds want to know. There are 100’s of reports.
The United States has the largest known deposits of oil shale in the world, according to the Bureau of Land Management and holds an estimated 2.175 trillion barrels (345.8 km 3) of potentially recoverable oil. Oil shale does not actually contain oil, but a waxy oil precursor known as kerogen
NOTICE THE DATE DOWD. TRUMP WAS NOT PRESIDENT. OBAMA WAS.
November 15, 2016
This is the largest estimate of continuous oil that USGS has ever assessed in the United States.
SAY IT AINT SO DOWD….UNDER OBAMA!!
The estimate of continuous oil in the Midland Basin Wolfcamp shale assessment is nearly three times larger than that of the *****2013 USGS Bakken-Three Forks resource assessment,******** making this the largest estimated continuous oil accumulation that USGS has assessed in the United States to date.
Sorry for your loss DOWD. Perhaps you can get a spoon and start digging for conspiracies in your own backyard.
“Proven oil reserves” is obviously completely different than the total amount of oil in reserve, as new oil is found all the time. Oil was supposed to run out in the 70s, as “proven reserves” was relatively small.
https://www.eia.gov/naturalgas/crudeoilreserves/
The government has yet to recognize oil shale as a proven reserve. Maybe you’re right. Maybe the industry will find a way to extract the material in a cost-effective way.
Paradoxically, the shale oil and oil shale is only useful when global crude prices are high, making the the cost of extracting oil shale competitive.