White House cites oil 'supply issues' amid gas price surge, promises more pressure on OPEC

https://www.foxbusiness.com/politics/white-house-oil-supply-issues-gas-price-opec

HYPERLINK has full article

snip

So far, the White House has declined to take direct action to alleviate rising gas prices.

Earlier this month, House Republicans slammed President Biden in a letter for pressuring OPEC and emboldening "known American adversaries," including Russia and Iran, while implementing what they described as "anti-American energy policies."

The lawmakers accused the administration of implementing a pattern of policy initiatives, including the cancellation of the Keystone XL oil pipeline and a pause on new oil and gas permits on federal land, that have hurt American energy independence and contributed to the crisis.

"It is not in America’s interest to rely on these nations for energy," the lawmakers said in the Oct. 14 letter. "Instead, eliminating barriers to American-produced oil and natural gas and its infrastructure will increase American economic and job growth, enhance national and energy security, and lower energy prices for American families."

end snip


File this under "you can't make up this stuff"

Democrat policies hurt our energy sector and made us dependent on foreign energy, and their response, ask other nations to solve the problem created by Democrats.

Democrat votes have consequences; always painful for the common folk

 

yep, time to reverse the damage Trump has done

"Trump told Saudi: Cut oil supply or lose U.S. military support"

https://www.reuters.com/article/us-...se-u-s-military-support-sources-idUSKBN22C1V4

"Trump threatens 'very substantial' tariffs on imported oil if Saudi Arabia and Russia can't reach a deal to push prices back up"

https://www.insider.com/trump-threatens-saudi-arabia-russia-oil-tariffs-2020-4

 

Hey Guy F., why do you think this obvious point is missed by so many?

 

I'm not sure of you are aware but your Democrat vote put Democrats in full control. Their anti-energy policies have done nothing but hurt everyone.

Democrat votes have consequences and your Democrat vote helped hurt the common folk

 

not sure if you're aware, but what Trump did in 2020, still affects us in 2021

Republican votes have consequences and your Republican vote helped hurt the common folk

 

Do you have a source for this? Trump has us energy independent. Your allegations appear to be wrong.

 

It's coming from the Lame Stream Media who believe their job is to make stuff up.

That's tantamount to saying, "So far, the White House has declined to take direct action to prevent the Sun from rising."

There is no action that can be taken.

It takes 17 years to build an oil refinery, so there's no way to build one fast enough to "alleviate rising gas prices."

Only 13 of your 168 oil refineries are owned by oil companies. The other 155 are owned by refinery operators, which is not the same thing as an oil company.

Only 16 refineries produce gasoline. Even if the President ordered refinery operators to produce gasoline, you would derive no benefit from it.

Why?

That would create a shortage of petro-chemical feed-stock causing the prices of nearly everything except produce, frozen vegetables, canned goods, fresh meats, fish and poultry, and houses to rise in price so you get no savings and it you might actually lose even more money.

It would also take 6-12 months for those refineries to purchase and install the necessary equipment need to refine gasoline, assuming those refineries even have the space on the premises to do add more equipment, so it would not "alleviate rising gas prices."

It is possible for the President to attempt to convince Congress to temporarily suspend certain tariffs, quotas and such to import gasoline from foreign States, but you're not likely to see any benefit since that would require the port space for tankers, plus a helluva lot more tanker truck assets to move the imported gasoline from tankers to regional tank farms (which is where your local gasoline comes from.)

The President could federalize National Guard units that have medium-lift capability and fly oil service crews from capped well to capped will in an attempt to uncap them faster, but it's still gonna take a few more months to get those capped well back to pumping.

Hiden could, in theory, levy a price freeze on gasoline, but seeing how neither Bush II nor Obama enacted price freezes when the price of gasoline was much higher than it currently is, well, that cannot be justified.

All countries on Earth suffer from the same problem.

Yeah, that's right, you can't uncap oil and natural gas wells with a mouse-click and all of the oil service crews working in all the oil fields around the world are either American, Russian or French and they're too busy uncapping wells in their own countries.

I'm going to introduce a new word to your vocabulary so's you can explain it to the idiot lawmakers: Benchmark.

Spot prices for June were

West Texas Intermediate (WTI): $74.05/barrel
Canadian Light: $70.40/barrel
Canadian Tar Sands: $60.30/barrel

Wanna guess why Canadian Tar Sands sells for $60/barrel?

I'll give you a hint: The operand in Canadian Tar Sands is "tar."

Certain oils like tar sands and waxes -- like Unita Basin Black Wax -- are not intended to be used for gasoline. They're intended for tars, bitumens, asphalts and petroleum jellies and lubricants.

O Canada! doesn't have enough port space on its west coast to export its crappy tar sands, and there's no way to expand the ports to handle supertankers, so the purpose of the Keystone Pipeline was transport the crappy tar sands to US Gulf Coast Ports for export.

Anyway, tar sands has no bearing whatsoever on the oils you need to refine into gasoline.

On a more positive note, you're in the running for the Göbbeler of the Year Award.

Because they aren't the sharpest tools in the shed.

 

you mean like the links I provided

 

You provided no links. "Links" begin with "www.http..".... you posted NOTHING like that.

 

two links in there, look again and they start with "https://www"

 

Look in where? LOL... now you muddy the waters by requiring links to links? LOL

 

in the post you asked for links from where there was already two there

 

You’re 100% right. He has all the keys to reduce prices he just doesn’t want to. Why would he? He want electric to be more economically viable. The only way to do that is cause fossil fuels to skyrocket. Completely at the expense of the American public.

democrats economics increase gas prices, increase oil prices, then increase their taxes. Great economic plan demoncrats

 

2nd post in and another off topic Trump rant.
Thats 106 now in 24 hours

 

your attacking me again for being on topic, Sad!

 

The first thing the new administration did was to reverse Trump energy policies that had given us energy independence for the first time in generations, now they are begging the same countries they empowered for relief? And why act so surprised, this was a planned situation and is part of the globalization goals. Want sane American energy policies? Vote Republican.

 

Trumps fault

 

Obviously the desperate defenders of this disastrous administration need a bogeyman to blame it on. Of course that’s why they blame Trump for Biden’s stupidity.

 

Of course Trump made the left vote for apple sauce brain Biden so they should be embarrassed.

 

So you don't like being called out for your non stop off topic Trump rants?
Then stop doing it. If you want to rant about Trump all day then open a thread and rant till your hearts content.
Or you can start dealing with the mods for attempting to derail threads
Your choice

 

last year Trump threatened foreign countries if they did not reduce supply, that is just fact - Trump wanted prices to go up, now they have, thanks Trump

 

Thank you for that verification of you telling the mods to FO.
You're doing perfect.

 

what?

 

I think everyone knows that is not true. Oil price this time in 2008 was $150 per barrel (nearly twice as expensive as now) and the cost at the pump was about $4.00, and if the president holds all the keys to change the price, Bush would have done so, but he didn't have any keys. The price came down only when the global economy crashed. Today we have a supply / demand problem, which is the ONLY reason for the price, and you know what......the US producers LOVE IT. Even Trump knew the price had to go up for it to be profitable for US producers.

 

the reality is, this supply shortage is worldwide, it's not an American only issue, any country that depends on other countries is hurting and not just for cheap foreign oil, for many many things, food, electronics, ect....

some of it is old people dying or retiring around the world, and companies had no redundancy for personnel, they had the bare minimum to keep prices down and profits up and these people took their knowledge with them, now hard to train replacements