Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

So these sanctions appear to be pathetically weak

SFGbob
SFGbob Member Posts: 33,183
Wasn't one of Joe's selling points during the campaign about how Trump had alienated all of our allies and how he knew how to work with them and get things done? Germany and Italy both opposed kicking Russia out of the banking system. We're not sanctioning Russia's oil industry. It's almost as if Biden is nothing more than Putin's bitch. Where's the OUTRAGE Dazzler?
«13

Comments

  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,746 Founders Club
    Domestic real energy policy was already going to be a campaign hot topic. Now it’s going to have a chance to be a top platform policy as it should be.
  • SFGbob
    SFGbob Member Posts: 33,183
    Bob_C said:

    Domestic real energy policy was already going to be a campaign hot topic. Now it’s going to have a chance to be a top platform policy as it should be.

    $6.00 a gallon gas here in California might have a way of focusing the mind.
  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    SFGbob said:

    Bob_C said:

    Domestic real energy policy was already going to be a campaign hot topic. Now it’s going to have a chance to be a top platform policy as it should be.

    $6.00 a gallon gas here in California might have a way of focusing the mind.
    I’ve heard projections as high as $8-9/gal in Cali.
  • hardhat
    hardhat Member Posts: 8,344
    Bob_C said:

    Domestic real energy policy was already going to be a campaign hot topic. Now it’s going to have a chance to be a top platform policy as it should be.

    We let the progressives run energy policy. How is that working out for us?
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,176 Founders Club
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited February 2022
    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%.

    I've 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?
  • SFGbob
    SFGbob Member Posts: 33,183
    edited February 2022

    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%.

    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?
    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.
  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    Energy production is power and energy independence means fuck off power. We have neither now. Net exporter to groveling importers.

    Thanks BidenBros. Great vote. Well done. Losers.
  • Sledog
    Sledog Member Posts: 37,888 Standard Supporter
    SFGbob said:

    Wasn't one of Joe's selling points during the campaign about how Trump had alienated all of our allies and how he knew how to work with them and get things done? Germany and Italy both opposed kicking Russia out of the banking system. We're not sanctioning Russia's oil industry. It's almost as if Biden is nothing more than Putin's bitch. Where's the OUTRAGE Dazzler?

    Hunters laptop contain very damning information. They have one.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited February 2022
    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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.

    I want to be factual. Why are we currently producing less oil?
  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    edited February 2022
    I need to head over to Costco to fill my premium only SUV and see what kind of pain Joey is inflicting today. Wife said it was $3.89 yesterday. Report to follow.

    We still have choices in America. Unfortunately some chose the wrong box on their ballot.
  • Sledog
    Sledog Member Posts: 37,888 Standard Supporter

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
  • SFGbob
    SFGbob Member Posts: 33,183

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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.

    I want to be factual. Why are we currently producing less oil?
    Correct, Keystone had nothing to do with domestic production but would have been important for domestic supply.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited February 2022
    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
  • SFGbob
    SFGbob Member Posts: 33,183

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
    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.
  • DoogieMcDoogerson
    DoogieMcDoogerson Member Posts: 2,509

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
    https://www.cnbc.com/2021/12/30/us-oil-production-to-increase-further-in-2022-oil-expert-dan-yergin.html
  • SFGbob
    SFGbob Member Posts: 33,183

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
    https://www.cnbc.com/2021/12/30/us-oil-production-to-increase-further-in-2022-oil-expert-dan-yergin.html
    $100 a barrel oil will help increase US production.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    SFGbob said:

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
    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.
    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.
  • Sledog
    Sledog Member Posts: 37,888 Standard Supporter

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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
    MikeDamone Member Posts: 37,781

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
    https://www.cnbc.com/2021/12/30/us-oil-production-to-increase-further-in-2022-oil-expert-dan-yergin.html
    That's what I suspected. None of what Biden did was much of an immediate impact on current oil production l.
  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    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.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,176 Founders Club
    California fucked energy prices before Biden. Provable and intentionally

    Biden ran on California as the Nick Holt blueprint
  • MikeDamone
    MikeDamone Member Posts: 37,781
    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.

    Still don't know what specific policies by Biden caused production to fall last year.

  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    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.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited February 2022
    Sledog said:

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.
    Sled mentioned it when I asked about his stated 800k barrels we could have instead of Russia oil.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,746 Founders Club

    Sledog said:

    SFGbob said:

    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%.

    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?
    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.
    They Keystone XL pipeline was a few years away from completion and had nothing to do with reduction of our oil production today.

    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
    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.
    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.

    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.

    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.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    edited February 2022
    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.

    Agre, but the “Biden shutting down Keystone XL and new leases got us here” as gets paraded around here and elsewhere seems incorrect.