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

Up In Smoke

Well-Known Member
The US is a consumer driver economy. We, the US, controls the vast majority of the financial in and outflows for world markets. Our military, food and energy production is governmentally subsidized and marginalized in an effort to both hold us down and raise us up in the global economy. Our greatest asset is our ability to advance our economy on the dreams of the naive.
 

vantexan

Well-Known Member
The US imports oil from foreign countries in exchange for military, food and manufactured goods in order to off set trade imbalances. The world economies still work on wants and needs.


If the U.S. was destroyed tomorrow the world economy would keep going. The world isn't nearly as dependent on our economy as they were 50 years ago. We on the other hand are very dependent on goods made elsewhere. Just another reason why we should be independent with our energy production and not dependent on foreign oil.
 

Wally

BrownCafe Innovator & King of Puns
Oil is everything, worldwide demand. Won't stop either as everything is plastic.

What would happen if companies were banned from raising prices in the US when the international price goes up? Hello US shortages!
 

Thebrownblob

Well-Known Member
As usual you spin things, granting more permits, while also putting roadblocks in the way. Shocker that you might lie.


Here’s one of the big ones…

July 20, 2023

  1. Biden Administration Proposes to Raise Drilling Costs on Federal Lands. The Interior Department’s Bureau of Land Management (BLM) has proposed a rule to implement the increased increasing royalty rates for oil and natural gas drilling production on federal lands from 12.5 percent to 16.67 percent—about a third higher–and increased leasing fees that Congress passed in the Inflation Reduction Act (IRA). BLM goes far beyond IRA by also raising the minimum bond paid upon purchasing an individual drilling lease from $10,000 to $150,000. To top it off, they propose raising the minimum bond required for a drilling lease on multiple public lands in a state from $25,000 to $500,000—a 20-fold increase. Developers must pay the bond before drilling begins. The agency also proposes limits designed to steer development away from wildlife and cultural sites. The Interior Department estimates that energy firms will incur $1.8 billion in additional costs by 2031.
 

UnionStrong

Sorry, but I don’t care anymore.
As usual you spin things, granting more permits, while also putting roadblocks in the way. Shocker that you might lie.


Here’s one of the big ones…

July 20, 2023

  1. Biden Administration Proposes to Raise Drilling Costs on Federal Lands. The Interior Department’s Bureau of Land Management (BLM) has proposed a rule to implement the increased increasing royalty rates for oil and natural gas drilling production on federal lands from 12.5 percent to 16.67 percent—about a third higher–and increased leasing fees that Congress passed in the Inflation Reduction Act (IRA). BLM goes far beyond IRA by also raising the minimum bond paid upon purchasing an individual drilling lease from $10,000 to $150,000. To top it off, they propose raising the minimum bond required for a drilling lease on multiple public lands in a state from $25,000 to $500,000—a 20-fold increase. Developers must pay the bond before drilling begins. The agency also proposes limits designed to steer development away from wildlife and cultural sites. The Interior Department estimates that energy firms will incur $1.8 billion in additional costs by 2031.
I expected him to pull that lie. Those idiots never read beyond headlines.
 

fishtm2001

Well-Known Member
As usual you spin things, granting more permits, while also putting roadblocks in the way. Shocker that you might lie.


Here’s one of the big ones…

July 20, 2023

  1. Biden Administration Proposes to Raise Drilling Costs on Federal Lands. The Interior Department’s Bureau of Land Management (BLM) has proposed a rule to implement the increased increasing royalty rates for oil and natural gas drilling production on federal lands from 12.5 percent to 16.67 percent—about a third higher–and increased leasing fees that Congress passed in the Inflation Reduction Act (IRA). BLM goes far beyond IRA by also raising the minimum bond paid upon purchasing an individual drilling lease from $10,000 to $150,000. To top it off, they propose raising the minimum bond required for a drilling lease on multiple public lands in a state from $25,000 to $500,000—a 20-fold increase. Developers must pay the bond before drilling begins. The agency also proposes limits designed to steer development away from wildlife and cultural sites. The Interior Department estimates that energy firms will incur $1.8 billion in additional costs by 2031.
Well that's a legitimate source.
 

Thebrownblob

Well-Known Member
The idiots are coming out of their holes. It’s like clockwork. They can’t wait to show how stupid they are.
The funniest part is, they’re really not even denied as truth, most of the leftist environmentalist say it’s not enough. They want more restrictions and roadblocks. But somehow this guy wants to doubt that these are true lol.
 

PT Car Washer

Well-Known Member
As usual you spin things, granting more permits, while also putting roadblocks in the way. Shocker that you might lie.


Here’s one of the big ones…

July 20, 2023

  1. Biden Administration Proposes to Raise Drilling Costs on Federal Lands. The Interior Department’s Bureau of Land Management (BLM) has proposed a rule to implement the increased increasing royalty rates for oil and natural gas drilling production on federal lands from 12.5 percent to 16.67 percent—about a third higher–and increased leasing fees that Congress passed in the Inflation Reduction Act (IRA). BLM goes far beyond IRA by also raising the minimum bond paid upon purchasing an individual drilling lease from $10,000 to $150,000. To top it off, they propose raising the minimum bond required for a drilling lease on multiple public lands in a state from $25,000 to $500,000—a 20-fold increase. Developers must pay the bond before drilling begins. The agency also proposes limits designed to steer development away from wildlife and cultural sites. The Interior Department estimates that energy firms will incur $1.8 billion in additional costs by 2031.
Good. Oil companies have been gouging consumers for decades.
 
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