So these sanctions appear to be pathetically weak
Comments
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Agree. But it's really about the future. Not today. I don't like disingenuous political taking points regardless of Biden is an dolt or not.SFGbob said:
Honest answer, you can't point to anything specifically Biden did that lowered US production today. Covid did more to cut production than Biden. But all is fair in politics and war. Biden got into bed with the Green-new deal and now he has fleas. Fuck him.MikeDamone said:
Again. They Keystone pipeline is in production and oil is flowing. Keystone XL was cancelled by Biden and wouldn't be operating for a few years if it was being built today. And it may be restated in 3 years.Sledog said:
Biden policies impacted production here. All the keystone pipeline oil is rolling through the US in train tankers owned by friends of the dems. They are getting rich. Russia being our #2 supplier was laways a mistake. Always.MikeDamone said:
They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.SFGbob said:
The Keystone pipeline when completed would have provided over 800K barrels a day. Biden also closed Federal land to oil and gas exploration as well halting offshore oil and gas drilling leases.MikeDamone said:
I'm seen were 800k was shut down by Biden, but don't know exactly what was shut down that reduced our production by 800k. Does anyone know?46XiJCAB said:We’re importing 600K barrels from Russia daily. Joey shutdown at least 800K here in production.
In 2016 we were producing 15M daily. Estimates for 2022 are less than 12M daily.
The price of a black book of damming info today. No 10%.
And stopping leases and exploration does nothing today to reduce the supply.
Also, Keystone is for Canadian imported oil, not US production.
I'm just trying to figure out how Biden cost the USA energy independence this year, not year out.
Also Biden was sued and forced to sell new leases last summer
No new leases has no affect on current production. It takes years to develop land to the point of production.
I'm asking specifically, what Biden policy cause a 3 million barrel a day reduction in current domestic production. I honestly don't know. I haven't researched it much. But on it's surface, putting the cancellation of Keytone XL as the reason seems like a talking point that gets thrown around without a lot to back it up. -
I never said Keystone was a drop in production. It was done to enrich Biden's mega donors.MikeDamone said:
Again. The Keystone pipeline is in production and oil is flowing. Keystone XL was cancelled by Biden and wouldn't be operating for a few years if it was being built today. And it may be restarted in 3 years and would bring Canadian oil to US refineries.Sledog said:
Biden policies impacted production here. All the keystone pipeline oil is rolling through the US in train tankers owned by friends of the dems. They are getting rich. Russia being our #2 supplier was laways a mistake. Always.MikeDamone said:
They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.SFGbob said:
The Keystone pipeline when completed would have provided over 800K barrels a day. Biden also closed Federal land to oil and gas exploration as well halting offshore oil and gas drilling leases.MikeDamone said:
I'm seen were 800k was shut down by Biden, but don't know exactly what was shut down that reduced our production by 800k. Does anyone know?46XiJCAB said:We’re importing 600K barrels from Russia daily. Joey shutdown at least 800K here in production.
In 2016 we were producing 15M daily. Estimates for 2022 are less than 12M daily.
The price of a black book of damming info today. No 10%.
And stopping leases and exploration does nothing today to reduce the supply.
Also, Keystone is for Canadian imported oil, not US production.
I'm just trying to figure out how Biden cost the USA energy independence this year, not year out.
Also Biden was sued and forced to sell new leases last summer
No new leases has no affect on current production. It takes years to develop land to the point of production.
I'm asking specifically, what Biden policy cause a 3 million barrel a day reduction in current domestic production. I honestly don't know. I haven't researched it much. But on it's surface, putting the cancellation of Keytone XL as the reason seems like a talking point that gets thrown around without a lot to back it up. -
That's what I suspected. None of what Biden did was much of an immediate impact on current oil production l.DoogieMcDoogerson said:
https://www.cnbc.com/2021/12/30/us-oil-production-to-increase-further-in-2022-oil-expert-dan-yergin.htmlMikeDamone said:
Again. The Keystone pipeline is in production and oil is flowing. Keystone XL was cancelled by Biden and wouldn't be operating for a few years if it was being built today. And it may be restarted in 3 years and would bring Canadian oil to US refineries.Sledog said:
Biden policies impacted production here. All the keystone pipeline oil is rolling through the US in train tankers owned by friends of the dems. They are getting rich. Russia being our #2 supplier was laways a mistake. Always.MikeDamone said:
They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.SFGbob said:
The Keystone pipeline when completed would have provided over 800K barrels a day. Biden also closed Federal land to oil and gas exploration as well halting offshore oil and gas drilling leases.MikeDamone said:
I'm seen were 800k was shut down by Biden, but don't know exactly what was shut down that reduced our production by 800k. Does anyone know?46XiJCAB said:We’re importing 600K barrels from Russia daily. Joey shutdown at least 800K here in production.
In 2016 we were producing 15M daily. Estimates for 2022 are less than 12M daily.
The price of a black book of damming info today. No 10%.
And stopping leases and exploration does nothing today to reduce the supply.
Also, Keystone is for Canadian imported oil, not US production.
I'm just trying to figure out how Biden cost the USA energy independence this year, not year out.
Also Biden was sued and forced to sell new leases last summer
No new leases has no affect on current production. It takes years to develop land to the point of production.
I'm asking specifically, what Biden policy cause a 3 million barrel a day reduction in current domestic production. I honestly don't know. I haven't researched it much. But on it's surface, putting the cancellation of Keytone XL as the reason seems like a talking point that gets thrown around without a lot to back it up. -
You combine Joey’s policies with the impact of COVID and you create unknowns for O & G producers. Production has fallen since COVID. So now do domestic producers ramp up to take advantage of today’s prices?
Obviously this will increase their costs so do they stay at current production levels and take in nice profits for shareholders?
What if demand falls because of another COVID wave after they’ve made huge investments in new production. Where does PPB go?
Joey going on and on about green energy doesn’t help either. A lot of moving parts but having confidence in the guy in the WH would be nice. -
California fucked energy prices before Biden. Provable and intentionally
Biden ran on California as the Nick Holt blueprint -
Still don't know what specific policies by Biden caused production to fall last year.46XiJCAB said:You combine Joey’s policies with the impact of COVID and you create unknowns for O & G producers. Production has fallen since COVID. So now do domestic producers ramp up to take advantage of today’s prices?
Obviously this will increase their costs so do they stay at current production levels and take in nice profits for shareholders?
What if demand falls because of another COVID wave after they’ve made huge investments in new production. Where does PPB go?
Joey going on and on about green energy doesn’t help either. A lot of moving parts but having confidence in the guy in the WH would be nice.
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I should be happy as small privately owned O & G Co. are expected to ramp up production this year to take advantage of higher prices.
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Sled mentioned it when I asked about his stated 800k barrels we could have instead of Russia oil.Sledog said:
I never said Keystone was a drop in production. It was done to enrich Biden's mega donors.MikeDamone said:
Again. The Keystone pipeline is in production and oil is flowing. Keystone XL was cancelled by Biden and wouldn't be operating for a few years if it was being built today. And it may be restarted in 3 years and would bring Canadian oil to US refineries.Sledog said:
Biden policies impacted production here. All the keystone pipeline oil is rolling through the US in train tankers owned by friends of the dems. They are getting rich. Russia being our #2 supplier was laways a mistake. Always.MikeDamone said:
They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.SFGbob said:
The Keystone pipeline when completed would have provided over 800K barrels a day. Biden also closed Federal land to oil and gas exploration as well halting offshore oil and gas drilling leases.MikeDamone said:
I'm seen were 800k was shut down by Biden, but don't know exactly what was shut down that reduced our production by 800k. Does anyone know?46XiJCAB said:We’re importing 600K barrels from Russia daily. Joey shutdown at least 800K here in production.
In 2016 we were producing 15M daily. Estimates for 2022 are less than 12M daily.
The price of a black book of damming info today. No 10%.
And stopping leases and exploration does nothing today to reduce the supply.
Also, Keystone is for Canadian imported oil, not US production.
I'm just trying to figure out how Biden cost the USA energy independence this year, not year out.
Also Biden was sued and forced to sell new leases last summer
No new leases has no affect on current production. It takes years to develop land to the point of production.
I'm asking specifically, what Biden policy cause a 3 million barrel a day reduction in current domestic production. I honestly don't know. I haven't researched it much. But on it's surface, putting the cancellation of Keytone XL as the reason seems like a talking point that gets thrown around without a lot to back it up. -
I agree, there isn’t direct causation there. But Keystone did work as an added element of regulatory uncertainty on future policy to the industry that was already a bit shell shocked from the Saudi/Russian feud where they both pumped a ton in a short time frame (late 2019 early 2020). There was a day or two in April 2020 where oil was less than $0 because the speculators got stuck with the contracts and a sudden crash in demand and couldn’t find a physical home for it. Domestic pumpers are still getting leases on lands, but they are taking options on those leases due to the uncertainty of regulatory actions. Industry doesn’t need perfect regulation to operate, it more needs consistent and certain regulation.MikeDamone said:
Again. They Keystone pipeline is in production and oil is flowing. Keystone XL was cancelled by Biden and wouldn't be operating for a few years if it was being built today. And it may be restated in 3 years.Sledog said:
Biden policies impacted production here. All the keystone pipeline oil is rolling through the US in train tankers owned by friends of the dems. They are getting rich. Russia being our #2 supplier was laways a mistake. Always.MikeDamone said:
They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.SFGbob said:
The Keystone pipeline when completed would have provided over 800K barrels a day. Biden also closed Federal land to oil and gas exploration as well halting offshore oil and gas drilling leases.MikeDamone said:
I'm seen were 800k was shut down by Biden, but don't know exactly what was shut down that reduced our production by 800k. Does anyone know?46XiJCAB said:We’re importing 600K barrels from Russia daily. Joey shutdown at least 800K here in production.
In 2016 we were producing 15M daily. Estimates for 2022 are less than 12M daily.
The price of a black book of damming info today. No 10%.
And stopping leases and exploration does nothing today to reduce the supply.
Also, Keystone is for Canadian imported oil, not US production.
I'm just trying to figure out how Biden cost the USA energy independence this year, not year out.
Also Biden was sued and forced to sell new leases last summer
No new leases has no affect on current production. It takes years to develop land to the point of production.
I'm asking specifically, what Biden policy cause a 3 million barrel a day reduction in current domestic production. I honestly don't know. I haven't researched it much. But on it's surface, putting the cancellation of Keytone XL as the reason seems like a talking point that gets thrown around without a lot to back it up.
Whatever happened, supply did decrease around the time of the keystone announcement. If you wanted to really screw with things, a libertarian setup between US/Canada on free flow of physical energy resources could be awesome if done right. That dream is over. -
Agre, but the “Biden shutting down Keystone XL and new leases got us here” as gets paraded around here and elsewhere seems incorrect.46XiJCAB said:You combine Joey’s policies with the impact of COVID and you create unknowns for O & G producers. Production has fallen since COVID. So now do domestic producers ramp up to take advantage of today’s prices?
Obviously this will increase their costs so do they stay at current production levels and take in nice profits for shareholders?
What if demand falls because of another COVID wave after they’ve made huge investments in new production. Where does PPB go?
Joey going on and on about green energy doesn’t help either. A lot of moving parts but having confidence in the guy in the WH would be nice.



