We need to protect our last remaining wild places much more than we need to drill for more fossil fuel. This is the only planet we have.

Anonymous wrote:

Anonymous wrote:Gas is not even remotely $7 a gallon and US oil production is at all time highs under Biden. It's time we just stop listening to the right wing - they have been wrong about literally everything.

The first post is from 2022. Gas did spike to $6-7 in areas of CA and WA after Russia invaded.

The national average never got close to $7 and...this is a DC message board. Who cares what the gas prices are in CA and WA? I mean, I can get gas here for about 3.60 per gallon, which on an inflation adjusted pricing is pennies.

Anonymous wrote:Last week it was confirmed that the Administration will cancel seven oil and gas leases in the Arctic National Wildlife Refuge.

The Administration also proposed a rule on Wednesday that would protect 13 million acres in a different part of Alaska.

"These decisions are illegal, reckless, defy all common sense, and are the latest signs of a incoherent energy policy from President Biden,” said Senator Lisa Murkowski.

https://www.murkowski.senate.gov/press/release/delegation-alaska-leaders-biden-administration-puts-american-energy-security-at-risk-harms-the-state-and-alaska-native-communities

Murkowski just wants the oil money to keep flowing to Alaska residents or they won’t vote for her.

Anonymous wrote:

Anonymous wrote:Gas is not even remotely $7 a gallon and US oil production is at all time highs under Biden. It's time we just stop listening to the right wing - they have been wrong about literally everything.

The first post is from 2022. Gas did spike to $6-7 in areas of CA and WA after Russia invaded.

Citation needed

Anonymous wrote:Gas is not even remotely $7 a gallon and US oil production is at all time highs under Biden. It's time we just stop listening to the right wing - they have been wrong about literally everything.

The first post is from 2022. Gas did spike to $6-7 in areas of CA and WA after Russia invaded.

Let's remember that our SPR is at historic lows and there are no imminent plans to replenish it with the prices as high as they are.

Let's hope that we don't have a REAL emergency in the near future.

https://www.reuters.com/business/energy/us-crude-spr-hits-lowest-level-since-january-1985-2022-08-22/#:~:text=Stockpiles%20in%20the%20Strategic%20Petroleum,lowest%20level%20since%20January%201985.

Anonymous wrote:Last week it was confirmed that the Administration will cancel seven oil and gas leases in the Arctic National Wildlife Refuge.

The Administration also proposed a rule on Wednesday that would protect 13 million acres in a different part of Alaska.

"These decisions are illegal, reckless, defy all common sense, and are the latest signs of a incoherent energy policy from President Biden,” said Senator Lisa Murkowski.

https://www.murkowski.senate.gov/press/release/delegation-alaska-leaders-biden-administration-puts-american-energy-security-at-risk-harms-the-state-and-alaska-native-communities

You realize that these are not active sites being canceled right? These are sites that MIGHT be mined in like 10-20 years. Has ZERO impact on today's oil production or oil prices. The Saudi's and Russians are ramping up their prices to impact the global markets simply to stick it to the US and Europe.

This is why the US HAS to decouple its fossil fuel dependence to renewables and domestic productions.

Oh ya, and domestic production is at all time highs. No shortage of oil and gas jobs in the US.

Gas is not even remotely $7 a gallon and US oil production is at all time highs under Biden. It's time we just stop listening to the right wing - they have been wrong about literally everything.

Anonymous wrote:Last week it was confirmed that the Administration will cancel seven oil and gas leases in the Arctic National Wildlife Refuge.

The Administration also proposed a rule on Wednesday that would protect 13 million acres in a different part of Alaska.

"These decisions are illegal, reckless, defy all common sense, and are the latest signs of a incoherent energy policy from President Biden,” said Senator Lisa Murkowski.

https://www.murkowski.senate.gov/press/release/delegation-alaska-leaders-biden-administration-puts-american-energy-security-at-risk-harms-the-state-and-alaska-native-communities

Alaska is dependent on oil exploration. Let it be exploration on something other than a national wildlife refuge.

BTW $7 gas did not come. It's about half of that today.

Anonymous wrote:Last week it was confirmed that the Administration will cancel seven oil and gas leases in the Arctic National Wildlife Refuge.

The Administration also proposed a rule on Wednesday that would protect 13 million acres in a different part of Alaska.

"These decisions are illegal, reckless, defy all common sense, and are the latest signs of a incoherent energy policy from President Biden,” said Senator Lisa Murkowski.

https://www.murkowski.senate.gov/press/release/delegation-alaska-leaders-biden-administration-puts-american-energy-security-at-risk-harms-the-state-and-alaska-native-communities

At this rate Biden should cede Ukraine to Russia and break opec once and for all by colonizing the Arabian peninsula.

It’s a new century - time for great powers to act like great powers

I don’t want us drilling in Alaska so Biden is right but I also don’t want a bunch of you know what’s in the desert dictating anything.

No power could stop an American colonization of Arabia. It’s different from Iraq and Afghanistan where there was no clear objective.

In this case the objective is clear - breaking opec, taking the oil, either accept the terms we give or cease to exist.

Last week it was confirmed that the Administration will cancel seven oil and gas leases in the Arctic National Wildlife Refuge.

The Administration also proposed a rule on Wednesday that would protect 13 million acres in a different part of Alaska.

"These decisions are illegal, reckless, defy all common sense, and are the latest signs of a incoherent energy policy from President Biden,” said Senator Lisa Murkowski.

https://www.murkowski.senate.gov/press/release/delegation-alaska-leaders-biden-administration-puts-american-energy-security-at-risk-harms-the-state-and-alaska-native-communities

Anonymous wrote:Price at my pump today: $3.69

I can live with that. If it goes a lot higher, the shale oil production will ramp up.

Wrong

You clearly don’t trade oil markets

Yes, American shale is profitable at drilling over 60/barrel but this isnt 2014

1. Shale e&p are very debt financed — interest rate environment is painful for them to finance drilling.

If you track rig count you know rigs have been taken offline and falling for years now.

Oil patches are not switches that go on off.

2. Shareholders want returns to capital first and foremost in this cycle — not capex growth. That’s money going towards dividends and not extra drilling.

Now unless there is a hot war in ME, I don’t see oil breaking 120/bl but gas over $4/gallon sinks biden and he has ceded control over this to the saudis and Russians.

Price at my pump today: $3.69

I can live with that. If it goes a lot higher, the shale oil production will ramp up.

Anonymous wrote:

Anonymous wrote:MBS is ready to f’ Biden with no lube

Brent above 90 again, if Chinese don’t suffer a downturn and the us hits soft landing, Biden can’t do anything on gas prices

Biden now has two bad options - needing a recession to bring gas prices down or having to muddle thru high oil prices

Is this the news you are referencing?

https://www.cbsnews.com/amp/news/gas-prices-saudi-arabia-russia-extend-oil-cuts/

BTW filled up my tank for the first time in awhile a few weeks ago and was shocked at how expensive it was (western Fairfax). Food is also getting more expensive.

Yep

Biden decided to get into the oil trader game and used spr not for truly strategic purposes but purely for political short term gains in the midterm

Now he’s eaten his seed corn and the Arabs are going to bugger him till he walks like John Wayne

From FT:

“ The pain is already plain at US petrol stations, where prices have climbed by almost a quarter this year to $3.80 a gallon. That remains below the record high of more than $5 reached last summer — but still 60 per cent above their level when Biden entered office in January 2021.”

The fuel price inflation — visible in shining lights along major roads across the country — has provided Biden’s Republican opponents with attack lines ahead of next year’s presidential election. They blame the White House for prioritising climate policy over domestic oil output.

“ Biden implored shale drillers to pump more oil and then authorised record volumes of crude stored in federal emergency stockpiles to be unleashed on the market, helping to tame a sharp oil price rise.

But those levers are less effective now. The once-prolific shale sector is growing slowly these days and the Strategic Petroleum Reserve has been drawn down to its lowest level since 1983. The combination has helped to tighten oil markets as global fuel demand soars, giving Saudi Arabia more sway over prices.”