President Biden

V

vantexan

Well-Known Member
Next Day Error said:
US Crude Oil Production

Took a huge dip during Trump because of Covid and Covid mishandling. It's hovering now around 2019 levels.
Click to expand...
If you hit the 5 year button it shows under Trump production was way higher. We aren't at 2019 levels and under Trump we were even higher in 2020. Two takeaways. Energy independence means producing enough here plus the oil we import from Canada and Mexico. If our production drops here we have to make it up by bringing in oil from other countries which drives our prices up. When prices go that high our oil companies produce as much as they can with the resources they have to take advantage of those prices but they are still hindered by not being able to drill on Federal land or offshore. We use about 19-20 million barrels a day. Covid shutdowns meant a lot less gas usage by the public and production had to drop as we only have so much storage capacity in Cushing, OK. That also resulted in selling excess overseas which naysayers jumped on as proof that we have plenty. Notice under Trump production steadily climbed higher as his policies allowed the industry to produce more in more places. Biden took the ANWR offline and that alone was about 800,000 barrels a day. From what I've read the new Inflation Reduction Act is going to hit our oil industry hard. It also will increase taxes on most income earners when Biden said he won't raise taxes on anyone making less than $400k. And they're going to print those billions the Act requires which ironically won't reduce inflation. Thank goodness the Republicans are taking over next year because these people wanted trillions more than they could get passed this time.
 
Next Day Error

Next Day Error

X - Other
vantexan said:
If you hit the 5 year button it shows under Trump production was way higher. We aren't at 2019 levels and under Trump we were even higher in 2020. Two takeaways. Energy independence means producing enough here plus the oil we import from Canada and Mexico. If our production drops here we have to make it up by bringing in oil from other countries which drives our prices up. When prices go that high our oil companies produce as much as they can with the resources they have to take advantage of those prices but they are still hindered by not being able to drill on Federal land or offshore. We use about 19-20 million barrels a day. Covid shutdowns meant a lot less gas usage by the public and production had to drop as we only have so much storage capacity in Cushing, OK. That also resulted in selling excess overseas which naysayers jumped on as proof that we have plenty. Notice under Trump production steadily climbed higher as his policies allowed the industry to produce more in more places. Biden took the ANWR offline and that alone was about 800,000 barrels a day. From what I've read the new Inflation Reduction Act is going to hit our oil industry hard. It also will increase taxes on most income earners when Biden said he won't raise taxes on anyone making less than $400k. And they're going to print those billions the Act requires which ironically won't reduce inflation. Thank goodness the Republicans are taking over next year because these people wanted trillions more than they could get passed this time.
Click to expand...
We are at pre-pandemic levels of production right now because we’re still 4 months out from the end of the year. It will catch up to 2019 levels. You don’t get to make up facts.
 
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UnionStrong

UnionStrong

Sorry, but I don’t care anymore.
vantexan said:
If you hit the 5 year button it shows under Trump production was way higher. We aren't at 2019 levels and under Trump we were even higher in 2020. Two takeaways. Energy independence means producing enough here plus the oil we import from Canada and Mexico. If our production drops here we have to make it up by bringing in oil from other countries which drives our prices up. When prices go that high our oil companies produce as much as they can with the resources they have to take advantage of those prices but they are still hindered by not being able to drill on Federal land or offshore. We use about 19-20 million barrels a day. Covid shutdowns meant a lot less gas usage by the public and production had to drop as we only have so much storage capacity in Cushing, OK. That also resulted in selling excess overseas which naysayers jumped on as proof that we have plenty. Notice under Trump production steadily climbed higher as his policies allowed the industry to produce more in more places. Biden took the ANWR offline and that alone was about 800,000 barrels a day. From what I've read the new Inflation Reduction Act is going to hit our oil industry hard. It also will increase taxes on most income earners when Biden said he won't raise taxes on anyone making less than $400k. And they're going to print those billions the Act requires which ironically won't reduce inflation. Thank goodness the Republicans are taking over next year because these people wanted trillions more than they could get passed this time.
Click to expand...
Democrats lie like rugs.
 
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V

vantexan

Well-Known Member
Next Day Error said:
We are at pre-pandemic levels of production right now because we’re still 4 months out from the end of the year. It will catch up to 2019 levels. You don’t get to make up facts.
Click to expand...
I'm just looking at the graph you supplied. And 2019 was less than 2020 before the big dive. And if you noticed there was a steady climb up during the Trump years. Production GREW under Trump. We don't have Federal lands back online yet. If we did, as under Trump, we'd see gas prices back down in the lower $2 range or lower. Your guy has made it very clear he intends to hurt our oil industry. You don't get to make up facts.
 
UnionStrong

UnionStrong

Sorry, but I don’t care anymore.
vantexan said:
I'm just looking at the graph you supplied. And 2019 was less than 2020 before the big dive. And if you noticed there was a steady climb up during the Trump years. Production GREW under Trump. We don't have Federal lands back online yet. If we did, as under Trump, we'd see gas prices back down in the lower $2 range or lower. Your guy has made it very clear he intends to hurt our oil industry. You don't get to make up facts.
Click to expand...
Biden is producing more than Trump! Lol what morons.
 
Next Day Error

Next Day Error

X - Other
vantexan said:
We don't have Federal lands back online yet.
Click to expand...
They’re open but it takes a while to get production really going. Federal land is less than 10% of our national output and energy companies aren’t even drilling those federal lands they already have access to. It’s just not a a big piece of our energy mix.
 
V

vantexan

Well-Known Member
Next Day Error said:
They’re open but it takes a while to get production really going. Federal land is less than 10% of our national output and energy companies aren’t even drilling those federal lands they already have access to. It’s just not a a big piece of our energy mix.
Click to expand...
Absolutely not true. ANWR alone was doing 800,000 barrels a day.
 
B

BrownFlush

Woke Racist Reigning Ban King
1660919525649.png
 

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