Why is it that oil companies, big and small, were pumping out a lot more oil under Trump but when Biden came into power he cancelled leases on Federal land and suddenly oil production went down? They can't pump out oil if the government won't let them. Alaska alone is producing almost 900,000 barrels a day less since Biden took office because he shut them down.
Less oil was pumped in the beginning of Biden's presidency because of lower demand due to the pandemic. The leased lands weren't even developed yet and wouldn't be producing oil presently if at all in the future. True energy independence will come when all forms of renewable energy are fully developed and less reliance on oil and natural gas is achieved.
agreed the republicans have to get better at printing fake ballots so they too can claim such honors.
um Government interference is why we are producing so much less oil. Since Biden does not know whats going on in his own presidency its important he speak with oil executives so they can splain it to him.
media lapdog article intended to defend Bidens screw ups.
Oil giants reap record profits as war rages in Ukraine, energy prices soar: Here's how much they made
Profits for Exxon Mobil, Shell, Chevron and more rose by billions in the first quarter – despite costs from war in Ukraine and soaring energy prices.www.usatoday.com
Fox News
I won’tHe'll just report my post and have it removed like a little. Lol
Keep repeating the big lie. Maybe someone will believe it.
No, Biden cancelled leases on Federal land and oil companies had to stop. If it was as you said then the oil companies would be back drilling on those lands because they could take advantage of high prices. If it was as you said why is it oil companies are still producing on private land but drilling on Federal land ceased? Let Biden reverse his policy decisions and let's see if things improve.
I think Russian collusion was the big lie.
Y'all want it both ways. We're told time and time again that oil prices are set on a worldwide market but when prices soar you want to blame our oil companies. They are reaping the benefit of short supply and high demand. Allow more to be pumped out of the ground and eventually the high supply will bring prices down.Fox News
Exxon, Chevron earnings surge on high oil, gas prices
ExxonMobil and Chevron saw sales surge during their respective first quarters of 2022 as oil and gas prices soared amid record high inflation and the ongoing conflict between Russia and Ukraine.www.foxbusiness.com
Newsmax:
Shell Posts Record Quarterly Profit, Lifted by Energy Price Surge
Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.www.newsmax.com
These oil companies are global corporations. Ttku..
spend billions make billions.Fox News
Exxon, Chevron earnings surge on high oil, gas prices
ExxonMobil and Chevron saw sales surge during their respective first quarters of 2022 as oil and gas prices soared amid record high inflation and the ongoing conflict between Russia and Ukraine.
Newsmax:
Shell Posts Record Quarterly Profit, Lifted by Energy Price Surge
Shell on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division.
i am . I want all future democratic presidential candidates to campaign in their basements.
No one's claiming that, nice strawman. To what extent Democrat policies affect gas prices worldwide is because the markets are international. We halted all new exploration, and made it more difficult to process crude from Canada. We are sanctioning Russia, which is only hurting us, not them. We are also sanctioning Venezuela, though that's been happening for a while, so they aren't willing to help us out. Joe is seen as weak by OPEC, and they will charge whatever they want. I know that's all pretty complicated stuff, you able to keep up so far?
Show me on the chart.
That's what happens when your primary product gets artificially throttled by government regulation. The government thought it was punishing Rockefeller by breaking up Standard Oil, they just made him richer.
It's the governments of OPEC plus Russia who control their own oil production plus the oil companies plus the futures markets that determine the price of oil. You're typically blaming corporations because that's what anti capitalism types do.
