biden admin is banning ammunition and firearms of Russian origin
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We buy russian oil because we don't want to double the price of gas overnight. There is nothing wrong with our oil and gas industry. They choose not to pump more oil. If they can make more money by not pumping more oil, why pump more oil? Oil companies don't have a conscience or a sense of patriotism. If we cut off russian oil, they aren't going to pump more to compensate. They won't feel bad for what is happening to their customers or feel its their patriotic duty to help out. They will simply sit back and enjoy making $200 a barrel. We give them billions of dollars in tax breaks every year so they can make tens of billions in profits. Money well spent. Its a great deal for them. They can affect oil prices and someone else gets blamed.
When Oil went to $10 per bbl in 2014 and then actually went negative a week, where a producer had to pay the pipeline or a truck to haul his oil away, I wonder why they
responded to less regulation, and more encouragement post 2016 to
produce so much oil in 2019 and 2020 that the USA was energy independent? At $55 to $70 a barrel, the oil business was happy to create hundreds of thousands of great paying jobs in America, and to
create wealth that stayed in America, and not to rely on Saudi Arabia or Russia to outsource all our jobs and wealth, and to make our country hostage to their diktats and whims. It was like that until Early 2021......
They sure could have all quit in 2014, but they did not and made herculean efforts to survive, and
thrive even on low oil prices.
The reason the oil business is in hibernation or mothballs right now and why we are buying Iranian oil and Russian oil right now, and trying to make deals with Maduro right now to buy Venezuelan oil too has nothing to do with the patriotism of the oil companies. Our own government has regulated them into mothballs, shut them down, stopped leasing, stopped them drilling, and has supported having major banks to stop lending them any capital. The government we have right now has tried to bankrupt them, regulate them into oblivion, and has closed major pipelines even from our Canadian neighbors.
If anybody is unpatriotic, it is our own government.
We have a government of clowns and misfits with a green new deal ideology that trumps producing our own oil at low cost, creating American jobs, and American wealth.
Our current govt. would rather pay communist despots and islamic despots and Latin dictators and export our jobs and
wealth and raise oil prices and gas prices through the roof on its own citizens for the sake of ideology gone bonkers.
No, its not the oil companies who are sitting back not drilling as oil goes to $200 because of their greed.
Their rigs are stacked in mothballs because our government wants it that way and has done everything they can to make it so.
Policy Matters.
The United States Was Energy Independent in 2019 for the First Time Since 1957
U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…
www.instituteforenergyresearch.org
The article only covers until 2019. We actually started importing more oil than exporting in 2020 before the new administration was even elected. Oil dropped to $11 a barrel and actually went negative in 2020 because of a combination of the fact that people were not traveling as a result of covid and russia was in an oil war with opec. Oil prices dropped so low that oil producers across the globe started capping wells and producing less oil. In 2020, the United States had the highest reduction in oil production in the history of the country. No pipelines have been shutdown. Construction of new pipelines which are years away from completion have been ceased. The pipeline would not pump US oil nor will that oil be used in this country so I fail to see how allowing the continuation of the construction will help with oil prices or help Americans. If anything, it would cost American jobs because currently that oil is shipped via trucks and railroad and there are far more American jobs at stake if the pipeline is completed. Basically, we are doing it to save Canadian oil companies money not to make the US more energy independent or lower gas prices.When Oil went to $10 per bbl in 2014 and then actually went negative a week, where a producer had to pay the pipeline or a truck to haul his oil away, I wonder why they
responded to less regulation, and more encouragement post 2016 to
produce so much oil in 2019 and 2020 that the USA was energy independent? At $55 to $70 a barrel, the oil business was happy to create hundreds of thousands of great paying jobs in America, and to
create wealth that stayed in America, and not to rely on Saudi Arabia or Russia to outsource all our jobs and wealth, and to make our country hostage to their diktats and whims. It was like that until Early 2021......
They sure could have all quit in 2014, but they did not and made herculean efforts to survive, and
thrive even on low oil prices.
The reason the oil business is in hibernation or mothballs right now and why we are buying Iranian oil and Russian oil right now, and trying to make deals with Maduro right now to buy Venezuelan oil too has nothing to do with the patriotism of the oil companies. Our own government has regulated them into mothballs, shut them down, stopped leasing, stopped them drilling, and has supported having major banks to stop lending them any capital. The government we have right now has tried to bankrupt them, regulate them into oblivion, and has closed major pipelines even from our Canadian neighbors.
If anybody is unpatriotic, it is our own government.
We have a government of clowns and misfits with a green new deal ideology that trumps producing our own oil at low cost, creating American jobs, and American wealth.
Our current govt. would rather pay communist despots and islamic despots and Latin dictators and export our jobs and
wealth and raise oil prices and gas prices through the roof on its own citizens for the sake of ideology gone bonkers.
No, its not the oil companies who are sitting back not drilling as oil goes to $200 because of their greed.
Their rigs are stacked in mothballs because our government wants it that way and has done everything they can to make it so.
Policy Matters.
The United States Was Energy Independent in 2019 for the First Time Since 1957
U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…
The oil business is in hibernation and mothballs because its very profitable when oil is going for $116 a barrel and could very easily reach $200 or more if we stop importing Russian oil especially if other countries follow suit. Why would US oil companies pump more oil? They are strictly motivated by profit and the longer they hold out on pumping more oil, the higher the profits. It has nothing to do with government regulation or shutting down oil leases. As of this past January, Biden has outpaced Trump in issuing drilling permits at that point in their administrations.
You really have this backwards. Maybe on purpose. But nevertheless backwards.
Here is what Brandon hath wrought all by himself.
Cancelled the Keystone Pipeline on Day 1 in office. Cancelled 830,000 barrels per day of oil from Canada and 11,000 high-paying jobs, many unionized, vanished. That 830,000 barrels a day was headed to U.S. refineries to be made into U.S. gasoline.
Day 1- Via Executive Order banned drilling in ANWR which would have increased the use of the Alaskan pipeline. Stopped drilling on about 23 million acres (9 million hectares) previously leased to energy companies.
Issued an order directing federal agencies to eliminate subsidies for fossil fuels
Reversed the EPA rollback on methane regulations
Staffed up the SEC in preparation to mandate increased ESG and climate disclosures adding an additional layer of regulations on oil and gas companies
When gasoline prices increased from $2.47 per gallon after the government did all this, to $3.27 a gallon, our Brandon government pushed for a Federal Trade Commission Investigation of the oil industry because the higher prices are all "their fault".
In the meantime, across the pond, Brandon scrapped sanctions against the Nord Stream 2 natural gas pipeline between Russia and Germany without getting anything in return. (He cancels Keystone but gives the ok for Russian Oil and Gas to go forward) Co2 in the atmosphere from Russian Gas is ok, just not Canadian or American oil and gas.
The Nord Stream 2 adds $3.3 billion to Russian GDP annually. Where is our wealth and GDP?
https://www.forbes.com/sites/thomas...-the-us-oil-and-gas-industry/?sh=3ad8b76b4548
https://www.americanenergyalliance....s-for-oil-while-attacking-domestic-producers/
Keystone was years away from ever pumping any oil at all and ANWR was decades away. As for jobs, how many trucking jobs and railway jobs would have been lost from Keystone coming online? I guarantee you its allot more than 11,000 and of those 11,000 jobs, only about 1000 of them would have been permanent and not temporary. Keystone was not going to pump our oil nor were we going to get any of that oil. In the meantime the administration has sold thousands of oil leases which oil companies have decided to hold onto and not use.
We give out $20 billion a year in subsidies and last year oil companies made $170 billion in profits . Why should we subsidize these companies? They obviously don't care about us or this country.
Keystone was 1 to 2 years from completion after 12 years of permitting hell and billions in investment now down the toilet.
Do you know it can take 15 years to permit a refinery and the spend is $100 million to even see if a permit is granted. Thats why there are no new refineries in the US and wont be.
All of that oil was going to refineries in the Gulf Coast equipped to refine heavy oil and would be refined for use in the U.S. But, Warren Buffet who is Brandon's pal and owns all those railroads you keep mentioning did not want a low cost , safe transport method that would take away his railway business.
Those leases that oil companies have are on the federal drilling ban Brandon signed. Is that not fraud to sell someone a lease then turn around and outlaw them drilling on it?
This government is just plainly
hostile to fossil fuels.
Look up how many subsidies went to Wind and Solar Tax credits last year. Look up how much money wind and solar compamies made last year. I am not hostile to wind and solar. I actually like it, but I also like oil and gas. I like all forms of energy. ALLLL of the above. Make money! Use Tax Credits Like the Production Tax Credit for Wind or The investment Tax credit for solar. Make jobs right here in America. Do all of it!
Tax credits to renewables is estimated at $150 Billion through 2030.
But its only the oil companies who get subsidies and make money at your expense.....?
You dont understand your tax dollars are the only reason that wind and solar are even economic to do.
No tax credits, no wind, no solar.
But I say do all of these energy tecnologies. Put in more wind and solar, use it to fire up US power plants. Take all our natural gas, make LNG and ship it to Germany and shut off Nord Stream 2. Make America rich.
Create jobs and wealth here.
Take Away all Russian gas and oil. Make Putin poor. Take away all his toys.
Buy American and Canadian oil and gas. Buy American and Canadian electric power. Send LNG made with American natural gas to Europe. Put Putin outta business.
Do it with tax subsidies to all sectors of the economy you want to stimulate and leverage to create jobs and wealth at home and for industries you want to compete abroad.
But dont let Brandon destroy American Energy, or promote foreign energy in Iran, Russia, and Venezuela for his ideology.
Goes for Warren Buffet and his railroads too.
Do you know it can take 15 years to permit a refinery and the spend is $100 million to even see if a permit is granted. Thats why there are no new refineries in the US and wont be.
All of that oil was going to refineries in the Gulf Coast equipped to refine heavy oil and would be refined for use in the U.S. But, Warren Buffet who is Brandon's pal and owns all those railroads you keep mentioning did not want a low cost , safe transport method that would take away his railway business.
Those leases that oil companies have are on the federal drilling ban Brandon signed. Is that not fraud to sell someone a lease then turn around and outlaw them drilling on it?
This government is just plainly
hostile to fossil fuels.
Look up how many subsidies went to Wind and Solar Tax credits last year. Look up how much money wind and solar compamies made last year. I am not hostile to wind and solar. I actually like it, but I also like oil and gas. I like all forms of energy. ALLLL of the above. Make money! Use Tax Credits Like the Production Tax Credit for Wind or The investment Tax credit for solar. Make jobs right here in America. Do all of it!
Tax credits to renewables is estimated at $150 Billion through 2030.
But its only the oil companies who get subsidies and make money at your expense.....?
You dont understand your tax dollars are the only reason that wind and solar are even economic to do.
No tax credits, no wind, no solar.
But I say do all of these energy tecnologies. Put in more wind and solar, use it to fire up US power plants. Take all our natural gas, make LNG and ship it to Germany and shut off Nord Stream 2. Make America rich.
Create jobs and wealth here.
Take Away all Russian gas and oil. Make Putin poor. Take away all his toys.
Buy American and Canadian oil and gas. Buy American and Canadian electric power. Send LNG made with American natural gas to Europe. Put Putin outta business.
Do it with tax subsidies to all sectors of the economy you want to stimulate and leverage to create jobs and wealth at home and for industries you want to compete abroad.
But dont let Brandon destroy American Energy, or promote foreign energy in Iran, Russia, and Venezuela for his ideology.
Goes for Warren Buffet and his railroads too.
So you are saying that it was not pumping 800,000 barrels of oil a day because it is not complete so even if it had not been stopped, it would have no effect on oil prices today. As for the railroad and trucking, you are saying those tens of thousands of jobs are not as important as the 1000 jobs the pipeline would have created.
As for subsidies, if they are making $170 billion in profits, why are we giving them $20 billion in subsidies? Is $150 billion in annual profits just way too unacceptable and hardly worth waking up in the morning for? What is the point of a subsidy? They are saying that renewable energy subsidies are no longer needed. Even the industry itself is saying the subsidies are not needed because renewables are doing so well they are not needed anymore because they can stand on their own. If that is the reason for subsidies, why have we been giving oil subsidies for the last 50 years?
"Oil and gas companies do not want to drill more," said Pavel Molchanov, an analyst at Raymond James. "They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial 'drill baby drill,' which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed."
Ok, no subsidies to anyone. Thats fine until Opec or the Russians over produce to put our oil business out of business. Who do you think is behind all the environmental propaganda and green new deal?
Saudis and Russia.
There is no drill baby drill because the government told all the banks ( if you lend to the NRA we take your license away) same with oil.....you will not lend capital to oil companies or else.
No liquidity, no loans, no leases, no pipelines, more regulations, no stability, More imports of out sourced oil from Iran, Russia, maybe Venezuela, no way to figure out what shoe drops next means no drilling. Id rather park my rigs than take risks when the future is unpredictable and government is hostile.
Yeah, corporate strategy had to change....
What we really need now is a change in energy policy and leadership
Saudis and Russia.
There is no drill baby drill because the government told all the banks ( if you lend to the NRA we take your license away) same with oil.....you will not lend capital to oil companies or else.
No liquidity, no loans, no leases, no pipelines, more regulations, no stability, More imports of out sourced oil from Iran, Russia, maybe Venezuela, no way to figure out what shoe drops next means no drilling. Id rather park my rigs than take risks when the future is unpredictable and government is hostile.
Yeah, corporate strategy had to change....
What we really need now is a change in energy policy and leadership
What is the point of a subsidy? Simple question. Is it just a free handout or is there an intended use? Seems like for oil companies, its just a handout where as with renewable, it helped incentivise new technology and now renewables don't need them anymore.
As for loans to oil companies, can you provide links to this? All I have found is that if anything, the government is promoting loans.
The following was from Nov 2021. It was started in 2020 but is still going strong today.
www.wsj.com
As for loans to oil companies, can you provide links to this? All I have found is that if anything, the government is promoting loans.
The following was from Nov 2021. It was started in 2020 but is still going strong today.
Fed Programs Have Kept Finance Flowing to Fossil Fuels
The world’s biggest banks and investors recently pledged to crimp the flow of finance to fossil fuels. But energy companies have logged record amounts of private-sector financing since the Federal Reserve’s pandemic-era measures.
D
Deleted member 48126
Guest
The government needs to subsidize some AK ammo for my personal needs.
They need to subsidize american made AK ammo. That stuff is way too expensive. We have already banned chinese ammo and now it looks like we are going to ban russian. Besides that, I have a ruger american ranch rifle in 7.62x39 and the russian stuff does not run through it very smoothly. The bolt is sticky. Would love to try some brass cases but I can't see paying $2 a round when the steele case stuff is 40 cents a round.
D
Deleted member 48126
Guest
American manufacturing will hopefully be smart and exploit this gap.
I hope they do but I don't think it's going to be as cheap as the commie stuff used to be. I don't even want to look on gunbroker for and 7.62x39 or 5.45x39 ammo. It's probably going to get as expensive as Retumbo or H4350
