Zippy-The-Pinhead wrote:
NWsider4-3-3 wrote:
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.
You broke that into so many comments that it makes it hard to legibly respond, so I'll pare it down.
First of all, we export and import oil because it's sold on a global market. The idea that we keep the oil we produce is simply inaccurate. The price fluctuates based on the global supply, not the U.S. supply. Russia is a huge portion of that market. The war & subsequent sanctions affected the marketplace. OPEC also plays a roll when they opt to tighten production. I would also note that Biden expedited the construction of an oil pipeline in West Virginia and approved the Willow oil project in Alaska (over the opposition of environmental activists).
As for fuel related inflation, that was inevitable. We went for a year with practically nobody driving and excess supply drove prices into the ground. The opposite occurred when demand increased and the suppliers had not returned to full production. Similar problems with the supply chain also drove up costs. A post-covid splurge in spending (both by consumers and the government) exacerbated the problem. Finally, many businesses saw this as an opportunity to significantly bump up prices under the guise of inflation and labor shortages. Out of these factors, you could blame the Biden administration for the excess government spending (which is likely true), but we also emerged from the covid collapse faster and stronger than any other major economy in the world.
yeah. thanks for cleaning everything up.
i'm going to ask you how many offshore lease sales has biden's administration approved since biden took office?
Quote:
Last week, President Biden said he would “work like the devil” to bring down gasoline prices. Somehow, after more than half a year of watching him beg Russia and OPEC to increase their oil production while making it more difficult for American oil and natural gas producers, we’re skeptical. But here are a few simple ideas to help the president channel his inner Lucifer and reduce energy prices.
Move forward with leasing on federal public lands. The government is required to conduct quarterly lease sales, but since President Biden banned leasing during his first week in office, later overturned by a federal judge, there has not been one lease sale on federal lands. The Interior Department just missed the deadline for holding a lease sale this quarter. He could instruct the department to move forward with leasing now.
Stop the Biden administration’s regulatory overreach agenda. The Interior Department, Environmental Protection Agency, Securities and Exchange Commission, and other agencies are moving forward aggressively with regulations meant to make American oil and natural gas production more expensive. When you make something more expensive, you get less of it and higher prices for consumers. Simply halt the deluge of new regulation meant to slow American production.
i'm not sure why pro-biden posters don't embrace biden's anti fossil fuel agenda? is it similar to the trump tariff conundrum? all of a sudden, many experts that post here stopped posting about trump tariffs that biden continued and some tariffs that were expanded.
luckily for the usa consumer, the indians and chinese have ignored biden's plea to economically strangle russia and not buy their oil - otherwise, we'd be looking at oil in the $100s/bbl.
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