Zippy-The-Pinhead wrote:
NWsider4-3-3 wrote:
reversing the usa's energy momentum is:
- revoking leases to drill for oil and gas on federal lands and in federal waters
- revoking leases for mining
- halt permits to export LNG
- halting pipelines that would have imported 830k bbl/day (keystone, alone) of canadian oil to the usa
the consequences are two-fold, the hit on usa consumers and the political headaches of relying on other nations for energy.
Except that we don't rely on other nations for energy. In terms of oil, the U.S. produced more in 2023 than any previous year (including Trump's reign) and also more than any other country in history (including Saudi Arabia). This is one of Trump's oft repeated falsehoods (one of many) which is widely accepted as fact by his flock.
Momentum indeed.
again:
Quote:
While oil output is at a record high, we could be producing even more but for the president’s “whole of government” effort to chill investment. The year before President Biden was inaugurated, the Energy Information Administration was forecasting oil output in 2023 of 14 million barrels a day. Actual output came in at 1.1 million barrels per day below that forecast.
Oil production hit a record in 2023 because more and more of our oil and natural gas production is occurring on private and state lands, where developers don’t need permission from Washington to drill. In 2005, about 68 percent of our oil and 62 percent of our gas came from private and state lands. Today it’s risen to roughly 75 percent and 90 percent, respectively.
When it comes to production on federal lands, however, we’re living on borrowed time. We’ve been able to maintain output thanks to production from wells drilled on leases issued before Biden became president. While the administration has issued drilling permits to existing leaseholders — as required by law — that hasn’t stopped it from slow walking these permits.
your chart tells us what my quote contains. the additional oil produced is occurring on private and state lands, where biden's sudden 'domestic energy focus' has zero bearing. your chart also doesn't tell us that the usa is importing more oil, yoy from 2021-2022-2023.
you say:
Quote:
Except that we don't rely on other nations for energy.
we are trending up, in regards to imports. we do rely on others.
Quote:
8.5 million barrels per day
Petroleum imports into the U.S. 2000-2023
Total petroleum imports into the United States amounted to 8.5 million barrels per day in 2023. This represents an increase in comparison to 2022.
the statistics don't lie, neither do the markets. the markets (spot and futures) understood biden's anti fossil fuel focus. oil and gas prices went up.
you can shit all over trump and those who felt some of his various policies were good (i feel this way about energy) for america, which is fine. what i don't understand is why don't you own biden's anti-fossil fuel focus, which caused energy prices to rise (regardless of slower world economy/covid, american borderline economic recession in 2022). that rise in energy is arguably the cause of biden's inflation spike that must also be owned by biden and his supporters. that same spike which will used against the democrats for the next few months.
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