Biden could tank oil prices and halt Russia’s war
Tom KirkmanIndependent Project Manager
“Daily reminder Biden could tank the price of oil and grind Russia’s war to a halt financially by unleashing American energy. He won’t.”
Tom KirkmanIndependent Project Manager
FROM THE THREAD
Tom's notes 3
Brian Davis
A U.S. president can and does control the price of gasoline. What can a U.S. President and administration specifically do? We have abundant U.S. energy resources. Quite literally the strongest in the entire world.- Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized
- Finish the Dakota access pipeline
- Re-approve the preexisting energy leases in New Mexico, Arizona, NE Atlantic and Gulf of Mexico
- Retract the stoppage of the Keystone pipeline to permit efficient oil transport shipments from Canada
- Stop blocking the expansion of coastal oil refineries in Texas, Louisiana and Alabama (regulatory issue), as well as Northwest, Northeast and Southeast Seaboard
- Continue to develop natural gas as a clean burning fuel
...Unfortunately, this would mean reversing the entire energy policy of the current administration. The existing energy inflation and high prices of oil, natural gas and gasoline are a direct and intentional part of Joe Biden’s policy.
Brian Davis you said:
We are producing at a near record level and are basically producing as much as we consume.Nope, America consumes far more energy than it produces. And has for a long time. "Energy independence" is a pipe dream.
America is not "energy independent". Was not under Trump, is not under Biden.
The policies of the Biden administristion are to stifle and punish hydrocarbons with red tape, economic restrictions, doing everything possible to block new pipelines, and instead to shove their socialist agenda of the Green New Deal down everyone's throats.
For info, I've written over 25,000 comments in the last decade about international oil and gas, and was a moderator on the old Oilpro forum as well as on the Oil Price forum. I'm not just some random crank on the internet.
Perhaps you might want to look at how much oil the U.S. produces vs. how much oil the U.S. consumes.
And I'm not talking *condensates* (that's cheating) I'm talking about OIL.
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