Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Terrel L. Shields]

Biden Administration Halts New Oil And Gas Drilling Permits | OilPrice.com

The United States has just delayed or halted work on federal oil and gas leases and permits following a key court ruling

oilprice.com

Facing high gasoline and gas prices and this idiot we call a president did what just because he lost in court?

The Biden Administration has delayed or stopped work on federal oil and gas leases and permits following a court ruling that struck down the Administration’s “social cost of carbon” metric to account for climate risk when holding lease sales or issuing permits.​

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Earlier this month, Judge James D. Cain, JR of a Louisiana district court granted a preliminary injunction sought by major fossil fuel-producing states in a lawsuit against the Biden Administration challenging the so-called “social cost of carbon” in rule-making and decision-making regarding lease sales.​

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As a result of this court ruling, the Administration has stopped or delayed work on leases, grants, permits, and rules​

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[Terrel L. Shields]

Jihad against oil

 

[Terrel L. Shields]

Yep, turning loose 1 whole day's supply of reserve oil is going to really change the market...Crude is up over $7 on that announcement .Does anyone really think that ALL the price of oil is due to Putin? Dream on.

Perhaps if Biden dumps twice as much oil on the market from the SPR it will go$14 higher....drool drool, I can't wait to see my next month's royalty check

 

[Terrel L. Shields]

 

[glenn walker]

Biden and Company are going to put us into a World Wide Depression - He is like a teenager at a High School Pep -Rally --Its not going to be good

 

[shrubberyvaluation]

Biden and Company are going to put us into a World Wide Depression - He is like a teenager at a High School Pep -Rally --Its not going to be good

He gets to keep his base happy by having higher energy prices, and he hopes to convince others that Russia is the reason prices have been going up. Oh yes and Biden gets to appease Russia by not sanctioning energy.

 

[Terrel L. Shields]

He gets to keep his base happy by having higher energy prices, and he hopes to convince others that Russia is the reason prices have been going up. Oh yes and Biden gets to appease Russia by not sanctioning energy.

And a lot of people want to believe that. They simply refuse to think otherwise. Loved the presidents proposition that if you buy a $60,000 E car you will save $60 a month WOWWIE OH WOWWIE...What's the payment on 60k for like 7 years? 800-900 bucks? To save 10% of that? That's government math for you.

 

[Elliott]

Before Biden tapped the 30 million barrels yesterday, gas at the Shell station was at $4.09, today its $4.25. Thanks Brandon.

 

[djd09]

Americans should get ready for $5 a gallon gas, analyst warns​

Patrick De Haan, head of petroleum analysis at GasBuddy, tweeted on Monday that the average gas price in some U.S. cities will reach $5 a gallon "in the next couple of weeks."

Americans should get ready for $5 a gallon gas, analyst warns

The cost of filling up your car is soaring across much of the U.S as the Ukraine crisis further drives up oil prices.

www.cbsnews.com

inflation? what inflation? thanks joe

 

[Charles West]

$5.59 for Chevron premium yesterday in Nor Cal.