Biden to Increase U.S. Oil Lease Fees 50% While Accusing ‘Big Oil’ of Anticompetitive Activities

I just linked you to the decrease in oil production. This is besides natural gas and coal.

You ignored it.

Figure it out.

 

it starter before biden implemented anything and so did rising prices. Probably because of these policies
https://www.bloomberg.com/news/arti...l-war-into-unthinkable-push-for-higher-prices

 

Yeah because of the same reasons future's have fallen over the last several days.

People can reasonably predict Biden is going to destroy oil production.

Well except for the pipefitters union that supported him as he said he would eliminate their jobs...and he did.

Later that union said they were disappointed in Bidens decision. These folks are tardy. As tardy as I've ever seen.

 

Jimmy Carter redux.

 

I'm not against this. These are auctioned and all this is, in an increase in the acceptable minimum bid from 12.5% to 18.5%. State and private lease sales tend to be a great deal more than this. These are all of our resources and I see no reason to give it away.

I also see no particular reason for the Federal Government to own as much of the 12 Western states as it does, and it should start the orderly transfer of it to the respective states or to private ownership.

Ridiculous.​

 

OPEC doesn't solely set the price
they have a large influence on the price especially now because they hold the lions share of oil production
If the US would be allowed to ramp up production as we had under Trump the US gains more and more influence on the price

 

OPEC Absolutely seats the price. The US sells their oil on the open market at prices set by OPEC.

We couldn’t “ramp up” enough, because US OIL reserves aren’t pure enough……but I’ll let you educate yourself on that

 

Maybe he should just cut the price of oil leases by 50%, so that the cut can be passed on to the consumer as a price decrease. Ooops, how did that work out when Trump cut corporate taxes? Did you see a decrease in consumer prices? No? Me neither.

 

Thanks 81,000,000 voters! Thanks for flushing the U.S. economy down the drain.

 

WTF are you on about ?

This is a WORLDWIDE supply chain issue.

Thanks for outsourcing to foreign countries to get cheaper labor Republicans !!!!!! Republican policies have consequences

 

and the US production or lack of isn't part of that very same market?
you do know in 2019 the US was the largest oil producer in the world

 

Biden is by far the worst president I've experienced even though I experienced Carter as president.

 

FFS.......

"OIL" includes all petroleum liquids and bio-fuels. Less than 30% of that actually becomes gasoline.......

 

Yes, it's our oil and we're now charging oil companies MORE to dig out our oil, which they will in turn pass the extra costs at the gas pump. There is such a thing(though the most incompetent POTUS in history will never conceive of the notion) as consistency which allows for stability.

Have you ever stopped to wonder 'Why is it that everything Biden's doing ends up being a miserable crop of failure? It can't be ALL Republicans, all the time can it?'

Worst administration in history.

 

In an era of the stimulus bills(3 of such in the past 20 months due to the crisis), how can you possibly say we're not experiencing monetary inflation? I do agree that we're experiencing demand-pull inflation.

 

I'm kind of getting numb to his ignorance regarding causation. But...whatever. The more he ****s up the less likely they win in 2024.

 

Should we give it to them for free? Maybe pay them to do it?
And FYI, prices are already high before this fee hike. While they make record profits lol

 

False. False. False. These are Let's Go Brandon's policies. Dems destroying America one day at a time. Accept that you voted for a worthless leader and a worthless politician. He has been that for his entire career.

 

Again, you keep making things up to help yourself sleep at night.

Have a nice day

 

A few weeks back Kamala and Brandon were having a tussle, and just prior to that polling showed the majority of Dems didn't want Biden to run for a second term.

...so he announced he was running again in 2024.

 

Running on a 40% approval rating and guaranteed mid term election losses. He doesn't even have the Democratic Base like Trump had Republicans in 2020. This is turning out to be a very easy election for Republicans to win in 2024. Even if Trump won the nomination.

 

The old price point was fine. Unless Biden plays hard ball with them like trump would have.

But he won't. Because Biden is a ****ing passive sleepy dipshit.

 

The media and dems will do everything they can to stop Trump.

But at the rate its going I think Biden could put Trump back in the White House.

 

JFC. Fox New is a joke.

Current price of Crude = $68.15

Fox News: Oil is going to quadruple in cost….we dont know when, but it could happen. In other news, Monkeys have flown out of Bidens ass.

Fox News Viewer: OMG, Oil prices are going to be $200

 

$10/Gal? The ****? If that happens, Biden can kiss the nomination let alone the WH goodbye. If the Democrats are stupid enough to nominate him, it's gonna be Mondale all over again. PA will be red, and so will the other coastal line states once again.

Remember that PA is a very coal heavy state(especially Pittsburgh) and if Biden's remarks on Coal were made before the advanced voting, Biden likely loses the State.