Despite Biden’s Groveling, OPEC Set To Cut Production.

[Jackie S]

https://www.npr.org/2022/10/05/11267...production-cut

Remember just a short time ago when we could have said…..”go ahead. We have our own oil”

This is how the World treats The United States of America when they see our President as an old, stupid, senile, inept, lying, corrupt piece of shit.

[WTF]

Originally Posted by Jackie S

https://www.npr.org/2022/10/05/11267...production-cut

Remember just a short time ago when we could have said…..”go ahead. We have our own oil”

This is how the World treats The United States of America when they see our President as an old, stupid, senile, inept, lying, corrupt piece of shit.

They want Republicans elected is another way to look at it....

[Salty Again]

... Or the fact that they KNOW Biden is weak
and are now gonna squeeze him for money $$$$
for more oil. ...

... See? ... "Elections DO have Consequences"...

#### Salty

[the_real_Barleycorn]

Groveling? Looks more like a long, slow blow job with Joe as the pivot man.

[royamcr]

Originally Posted by Jackie S

https://www.npr.org/2022/10/05/11267...production-cut

Remember just a short time ago when we could have said…..”go ahead. We have our own oil”

This is how the World treats The United States of America when they see our President as an old, stupid, senile, inept, lying, corrupt piece of shit.

That's bullshit, we need their oil to meet our demands. We produce a little over half the oil we need per day. It was the same under trump. Oil production has actually gone up during Biden's term.

[The_Waco_Kid]

Originally Posted by royamcr

That's bullshit, we need their oil to meet our demands. We produce a little over half the oil we need per day. It was the same under trump. Oil production has actually gone up during Biden's term.

really? we are producing more oil under Biden? explain why gas prices are higher.

[berryberry]

[Jackie S]

Originally Posted by The_Waco_Kid

really? we are producing more oil under Biden? explain why gas prices are higher.

The big thing with Democrats seems to be revisionist history.

[royamcr]

Originally Posted by The_Waco_Kid

really? we are producing more oil under Biden? explain why gas prices are higher.

Global crude oil drives most of the price. Distribution costs are higher. Limited refining capacity and high demand for gas drives prices up. General inflation pressures. Profits... Lots of reasons.

Oil we produce goes adds to the global oil supply. There are 5 different main types of crude. Oil is shipped to the highest bidder, and usually to where it is most easily refined into final products. Gas, plastics, etc.

[WTF]

Originally Posted by The_Waco_Kid

really? we are producing more oil under Biden? explain why gas prices are higher.

Next time you get put in a timeout...I suggest you study WORLD WIDE OIL SUPPLY AND DEMAND.


Then you will not ask such stupid questions.

[The_Waco_Kid]

Originally Posted by WTF

Next time you get put in a timeout...I suggest you study WORLD WIDE OIL SUPPLY AND DEMAND.


Then you will not ask such stupid questions.

if you say so.

[royamcr]

Originally Posted by WTF

Next time you get put in a timeout...I suggest you study WORLD WIDE OIL SUPPLY AND DEMAND.


Then you will not ask such stupid questions.

While it isn't true across the board, most refineries are configured to refine cheaper medium sour oil that we import. It costs a BUNCH of money to reconfigure a refinery (or build a new one) so it is cheaper to import the oil we can refine. We export a lot of our light sweet Texas crude to Europe where they are configured to process it more efficiently. It's bassakwards for sure but it is the way it is.

[HedonistForever]

Originally Posted by royamcr

That's bullshit, we need their oil to meet our demands. We produce a little over half the oil we need per day. It was the same under trump. Oil production has actually gone up during Biden's term.

https://freebeacon.com/biden-adminis...obviously-not/


Is America Really Producing More Oil Under Biden Than Trump? No, Obviously Not.



The White House and its allies are circulating a misleading talking point that the Biden administration is overseeing the most oil production in U.S. history.
Both White House chief of staff Ron Klain and President Joe Biden have used the talking point as a response to Republican criticism that Democrats are discouraging domestic energy production through regulation and not issuing new drilling permits. Earlier this month, Klain shared a chart on Twitter showing oil production under Biden—at an annual average of 11.18 million barrels a day—was higher than any of his five predecessors. In March, Biden said the United States was "approaching record levels of oil and natural gas production."


The claim from Democrats that domestic production is higher now than during the Trump administration is based on a comparison of four-year averages that includes the tremendous drop in economic activity at the start of the COVID-19 pandemic. Domestic oil production under Biden has yet to come close to the pre-pandemic levels reached under the prior administration, a more detailed Free Beacon analysis found.


The Free Beacon analysis of domestic crude oil production data shows that prior to the COVID-19 pandemic, the United States produced just under 13 million barrels of oil per day at the end of 2019 and beginning of 2020. For comparison, that figure is more than 20 percent higher than the amount of oil the United States produced per day in September 2021. Energy industry expert James Wilson, who runs an oil and gas economics consulting firm, says the White House is abusing statistics to fit a narrative.
"You can claim anything with statistics," Wilson told theWashington Free Beacon[ "When COVID hit, the price of oil dropped and then production dropped. Surprise, surprise."

The White House’s insistence on repeating the oil production claim bolsters the impression increasingly held by the public and some Democrats that the Biden administration is out of ideas to tackle rising prices. Even as the cost of gas skyrockets, the White House is sharing a months-old graph from liberal blogger Matthew Yglesias, a symptom of an office "defined by insularity," as Politico has described it

Domestic oil production trends prior to the pandemic show how misleading these sorts of claims are. For example, the United States produced an average of a million barrels more per day between the start of 2019 to April 2020 than the 11.185 million barrels a day averaged under Biden.

Biden told a group of labor union leaders on Tuesday that "I'm doing everything in my power to blunt Putin's gas price hike" and blamed rising prices on "nothing else but that." Despite that claim, federal data show that average daily domestic oil production in March, after Russia's invasion of Ukraine, was lower than in November of last year.
Unlike during Trump’s final year in office, consumer demand for energy is elevated today. Total U.S. petroleum consumption is estimated to rise 730,000 barrels per day this year over last, according to the U.S. Energy Information Administration.


Some industry analysts point to macroeconomic trends out of the Biden administration’s control, such as oil companies’ reluctance to invest in new drilling sites because of shareholder pressure, as reasons for lower domestic production. That explanation, Wilson says, does not tell the full story.
"Another thing that’s inhibiting these guys from drilling is uncertainty about what this administration was and is going to do," Wilson said, referring to new and potential future regulations against the oil and gas industry. "The bottom line is that when Trump was president, these companies started producing and oil was cheaper."


Earlier this month gas prices hit an average of $5 a gallon nationwide. Industry analysts expect that price to only increase throughout the summer when more Americans travel for vacation.
The rising price of gas and household goods is the driving force behind Biden’s plummeting approval rating. A majority of voters say the economy is their top concern in multiple surveys, and a RealClearPolitics aggregate of recent polls shows Americans' approval of Biden’s job performance is lower than at any time since he entered office.
From the publication you called garbage.


https://www.politifact.com/factchecks/2022/mar/09/facebook-posts/oil-production-bidens-first-year-par-trump/

Oil production in Biden’s first year on par with Trump

America produced 11.185 million barrels of crude oil per day in 2021, compared with 11.283 million a year earlier under Trump.

Biden has surpassed Trump in issuing drilling permits on public land, the Washington Post reported in January.

Maybe that's what is confusing you not oil production.

It defies logic and common sense that under Joe Biden who literally told us he would end oil and natural gas production, has increase oil production.

This really isn't rocket science. While Biden may have increased drilling permits, the oil companies are asking themselves "why should we invest more in an industry that the Biden administration has committed to shutting down?


There is the problem in a nutshell. The Biden administrations policy of committing to eliminating the oil and gas production in the US while begging for other countries to produce more because have decided to cut back and eliminate the oil and gas industry as a policy of the US government.

[buzzlghtyr401]

This Comrade Biden groveling for more oil is only what the admin and the controlled media want you to hear. He actually told them to cut production because he wants the whole green energy thing. He is not on our side, he is on the side of the people that are putting money into the green energy.

[Tiny]

Originally Posted by royamcr

That's bullshit, we need their oil to meet our demands. We produce a little over half the oil we need per day.

That's an extremely deceptive statement. We import crude oil and turn around and refine it and export gasoline and diesel and other petroleum products. Since 2019 the USA has been roughly self sufficient in oil plus petroleum products. If Biden and likeminded politicians control the federal government for long enough though, we'll become a net importer again.

https://www.eia.gov/todayinenergy/detail.php?id=51338

If you add coal and natural gas, the USA is a significant net exporter of fossil fuels.