$125/barrel and rising.

[Jim in CT]

Originally Posted by Pete F.

The oil industry’s fearmongering would seem to suggest that they are running out of leased lands on which to produce, more than half of all acres currently leased—13.9 million acres in total—are not yet being used to produce oil or gas. Over the past four years, the Trump administration orchestrated a fire sale of public lands, and companies stockpiled leases on millions of those acres. By sitting idle on these leases, the industry is not creating any revenue or jobs—energy or otherwise. It is, however, making a sizable parcel of public lands unavailable for other valuable uses, such as recreation and conservation, at the taxpayer’s loss.
Don’t ignore that the us taxpayers subsidize big oil with billions of dollars, but somehow that’s not socialism.
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is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.

but trump bad.

you may have to check into rehab in november.
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[Pete F.]

Originally Posted by Jim in CT

is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.

but trump bad.

you may have to check into rehab in november.
Posted from my iPhone/Mobile device

What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out.

That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose?

In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
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[Jim in CT]

Originally Posted by Pete F.

What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out.

That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose?

In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
Posted from my iPhone/Mobile device

"What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out."

Who said we're running out?

You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia.

"In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"

Fine, end that...can we also end subsidies to Planned Parenthood?

[Pete F.]

Originally Posted by Jim in CT

"What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out."

Who said we're running out?

You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia.

"In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"

Fine, end that...can we also end subsidies to Planned Parenthood?

So just what are you claiming in your statement is driving the volatility in the price of oil?

“ is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.”

And then the master of whataboutism compares Planned Parenthood to fuel sector subsidies.

OK
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[Jim in CT]

Originally Posted by Pete F.

And then the master of whataboutism compares Planned Parenthood to fuel sector subsidies.

OK
Posted from my iPhone/Mobile device

where did i compare them? i didnt. but falsely claiming that i did, is easier for you than actually responding.
Posted from my iPhone/Mobile device

[Pete F.]

Originally Posted by Jim in CT

where did i compare them? i didnt. but falsely claiming that i did, is easier for you than actually responding.
Posted from my iPhone/Mobile device

“ In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"

Fine, end that...can we also end subsidies to Planned Parenthood?
Posted from my iPhone/Mobile device

[wdmso]

Originally Posted by Jim in CT

is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.

but trump bad.

you may have to check into rehab in november.
Posted from my iPhone/Mobile device

And Jim blows right by

13.9 million acres in total—are not yet being used to produce oil or gas.

Jim once again big oil is lying to YOU and so is fox news

The only people refusing to pump more oil are oil companies

In Jan 2016 us fields pumped 9200 barrels 2017 8800 2018 9996
2019 11848. 2020 12750. 2021. 11056

This is just January the totals change around a 1000 barrels a day give or Take facts suck


https://www.eia.gov/dnav/pet/hist/Le...s=MCRFPUS2&f=M
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[Jim in CT]

Originally Posted by wdmso

And Jim blows right by

13.9 million acres in total—are not yet being used to produce oil or gas.

Jim once again big oil is lying to YOU and so is fox news

The only people refusing to pump more oil are oil companies

In Jan 2016 us fields pumped 9200 barrels 2017 8800 2018 9996
2019 11848. 2020 12750. 2021. 11056

This is just January the totals change around a 1000 barrels a day give or Take facts suck


https://www.eia.gov/dnav/pet/hist/Le...s=MCRFPUS2&f=M
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I didn't blow by a single thing. You're the one who can't say out loud that when he first took office, Biden promised no new leases.

It's a speculative marketplace.

Again, it was beyond obvious oil would soar under this administration. Even before any talk of Russia in Ukraine, it was soaring. Part of that, not all but part, is because Biden wanted progressives to believe he was sufficiently green.

The great thing is, in November we get to see if Americans believe your story or mine.

US production is down since Biden took office. He contributed to that. I'm sorry if that fact doesn't serve your individual political agenda.

And you ignored the NPR article I posted, because again, it didn't serve your agenda.

Now in addition to oil, the market is correcting. Again, we have been long overdue for a correction, but there's probably a reason why it's happening now. Many bad things are happening now. Are ANY of them Biden's fault?