BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC

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vantexan

Well-Known Member
bacha29 said:
Neither one of us is a petroleum or environmental engineer. At the same time simply take a moment to read the environmental statements of Devon, Exxon Mobil ,Chevron or whoever else you want. They'll all tell you about the progress they have made in reducing GHG , the billions they have already spent and the billions more they will spend on that effort. Now you can dismiss those claims any A hole can do that, But, can you disprove them? Especially when it's information that has to be filed with the EPA and SEC.
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Yeah, and FedEx invested in EV's. How'd that go? These companies do what they have to to keep the government off their backs.
 
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vantexan

Well-Known Member
bacha29 said:
CEO's Hager-Devon, Wirth -Chevron, Woods-Exxon, Hollub-Occidental, all said the same thing when I watched their interviews. The movement toward the reduction in GHG has been going on for years as a public relations move in response to climate change due to carbon emissions . A fact that has been proven conclusively. They pointed to the fact that they have been taking steps to reduce carbon emissions going back as far as 2000 . Said nothing about "keeping government off their backs". Sure there are still a few uneducated diehards like you and Wally but neither of you have any science based facts to prove your claim that it's a "folly".

As a professional corporate apologist one would think that you would be up to speed on matters such as this.
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Yah, they're going to say out loud that they're keeping the government off their backs. Right. This regulation isn't going to hurt the big producers so much but it will hurt the small outfits. They don't have billions to throw at the problem.
 
zubenelgenubi

zubenelgenubi

I'm a star
For anyone who is unaware about how these things work, regulation is a money laundering scheme. No one is spending billions of dollars cutting greenhouse gas emissions. They say they are while lining the pockets of regulators in exchange for more subsidies. They all know how the game is played, and we're the ones who foot the bill, for our own good, of course. Lol.
 
Thebrownblob

Thebrownblob

Well-Known Member
zubenelgenubi said:
For anyone who is unaware about how these things work, regulation is a money laundering scheme. No one is spending billions of dollars cutting greenhouse gas emissions. They say they are while lining the pockets of regulators in exchange for more subsidies. They all know how the game is played, and we're the ones who foot the bill, for our own good, of course. Lol.
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Thebrownblob

Thebrownblob

Well-Known Member
oldngray said:
That twit even admitted the agenda of climate change was really redistribution of wealth.
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I’m not sure how people have been fooled by half of the things are that have been thrown at us in the last 20 or 30 years and that don’t come true, they just recycle them and create an emergency. That only “they” can fix.
 
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bacha29

Well-Known Member
zubenelgenubi said:
For anyone who is unaware about how these things work, regulation is a money laundering scheme. No one is spending billions of dollars cutting greenhouse gas emissions. They say they are while lining the pockets of regulators in exchange for more subsidies. They all know how the game is played, and we're the ones who foot the bill, for our own good, of course. Lol.
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Today's conspiracy theory. Now government regulators are all taking bribes from oil companies.
 
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bacha29

Well-Known Member
vantexan said:
Yah, they're going to say out loud that they're keeping the government off their backs. Right. This regulation isn't going to hurt the big producers so much but it will hurt the small outfits. They don't have billions to throw at the problem.
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Oil companies are merging almost everyday using multiple tools at their disposal in order to finance the deal.
 
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bacha29

Well-Known Member
Thebrownblob said:
It’s not really conspiracy theory it’s conspiracy fact that big government and corporations are in bed together. Glad you finally woke up.
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Ok Now show me some examples that resulted in penalties and convictions. Sure you'll hear of one every once in awhile but it's not a commonplace occurrence .
 
Wally

Wally

BrownCafe Innovator & King of Puns
bacha29 said:
Ok Now show me some examples that resulted in penalties and convictions. Sure you'll hear of one every once in awhile but it's not a commonplace occurrence .
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Reduced US energy production is the penalty we consumers pay.
 
V

vantexan

Well-Known Member
bacha29 said:
Ok Now show me some examples that resulted in penalties and convictions. Sure you'll hear of one every once in awhile but it's not a commonplace occurrence .
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Right now Apple is restricting Airdrop usage in China at the behest of the Chinese government that's dropping the hammer on protesters. Elon Musk is threatening to release Twitter documents that discussed suppressing the Hunter Biden laptop story before the 2020 election. Seems Silicon Valley is definitely in bed with big government.
 
Babagounj

Babagounj

Strength through joy
justthenews.com

Cha-ching! EPA quietly quadruples regulatory cost of carbon emissions in new war on fossil fuels

Social Cost of Carbon estimate jumps from $51 to $190 per metric ton, creating future impact for Americans' wallets and a new headache for the oil and gas industries.
justthenews.com justthenews.com

Cha-ching! EPA quietly quadruples regulatory cost of carbon emissions in new war on fossil fuels​

Social Cost of Carbon estimate jumps from $51 to $190 per metric ton, creating future impact for Americans' wallets and a new headache for the oil and gas industries.
The so-called Social Cost of Carbon was first set in 2009 under then-President Barack Obama. Under Democrats it has been set for most of the last decade at $51 per metric ton. But in a rule making notice in mid-November, EPA said it had devised a new calculation that raises that damage estimate to $190 per metric ton by 2022 standards and as much as $410 by the year 2080.
The new estimate has sent shock waves through the energy industry and raised the stakes for ongoing litigation being brought by Republican attorneys general in states like Louisiana that are challenging the Biden administration Social Cost of Carbon rule
making as unconstitutional.
The Social Cost of Carbon is a concept first embraced by the Obama administration in 2009, which set up an interagency working group that calculated the cost to be $51 per metric ton of greenhouse gas emissions. The Trump administration reduced that estimate to $1 to $7 per metric ton, and then Biden's team returned to the $51 figure in 2021.
The EPA is the first agency to publicly propose a massive adjustment upwards. It buried the new figure in a 137-page draft supplemental report that was attached this month to new methane emissions rules for the natural gas industry, catching many by surprise.
Using a statistical methodology it said it got from the National Academies of Science, EPA created three estimates of the Social Cost of Carbon at $120, $190 or $340 per metric ton. The calculations were based on "discount rates" of 2.5%, 2.0% and 1.5% that reflected different emissions scenarios. The EPA settled on the middle case scenario as the best estimate right now, setting the price at $190.
You can read that report here:

supplementary-material-for-the-regulatory-impact-analysis.pdf
 
Babagounj

Babagounj

Strength through joy
Biden better start pumping all that new Alaska oil soon.
He'll need it to replace all the Strategic Petroleum Reserve (SPR), he has sold off.
 
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