Oil Price Increases After Biden Shuts Down Drilling Permits Again

[djd09]

I think it would be safe to say that 40% of the cost of oil is "geo-political risk", but the rest of it lies in the fact we have slowed production. That is not an oil company issue. They have to have financing to drill. They have to have permits to drill. We have states slowing the permitting process and a federal government that has simply halted all permitting and leasing on federal lands...and a government that is about to seat a Fed member who wants to force banks not to lend to energy companies...which is fine. I wish they would. When the gas lines hit and the torches and pitchfork hits the FED and the Fed and bankers flee for their lives, then I am all for it. And further, every state and city that bans fracking should be required to close all gas stations and the gas companies should shut off all oil and gas at the state line. Let the ******* freeze in the dark.

 

[djd09]

look, at far wind, solar, and bio fuels have gotten us

 

[djd09]

U.S. oil prices soar Sunday, briefly punching above $130 as talk of Russia oil embargo heats up​

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wow look at that hockey stick

 

[Dublin ohio]

U.S. oil prices soar Sunday, briefly punching above $130 as talk of Russia oil embargo heats up​

​

wow look at that hockey stick

Don't worry. There a 900 leases not being used. The idiots at the Whitehouse are strongly inferring that leases equal wells. Another example of taking advantage of the general public's limited knowledge of the oil business. Just like the do not want you to believe that cancelling pipelines and increasing regulations have no impact on global oil prices. Idiots. Or are they?

 

[Charles West]

Don't worry. There a 900 leases not being used. The idiots at the Whitehouse are strongly inferring that leases equal wells. Another example of taking advantage of the general public's limited knowledge of the oil business. Just like the do not want you to believe that cancelling pipelines and increasing regulations have no impact on global oil prices. Idiots. Or are they?

More like useful idiots for our totalitarian buddies.

 

[djd09]

Don't worry. There a 900 leases not being used. The idiots at the Whitehouse are strongly inferring that leases equal wells. Another example of taking advantage of the general public's limited knowledge of the oil business. Just like the do not want you to believe that cancelling pipelines and increasing regulations have no impact on global oil prices. Idiots. Or are they?

supply and demand

 

[Mejappz]

Meanwhile, Biden grovels to another dictator for oil. Maduro is laughing his a** off.

U.S. Officials Meet With Regime in Venezuela, to Discuss Oil Exports to Replace Russia’s

Venezuelan oil would return to the open international market under proposals that the U.S. is discussing in rare face-to-face meetings with officials of the Maduro regime, according to people familiar with the talks.

www.wsj.com

 

[Mejappz]

And more groveling.

Possible Biden Saudi Arabia trip could mean embracing oil, ignoring brutality

A hat-in-hand trip would illustrate the gravity of the global energy crisis driven by Russia's invasion of Ukraine.

www.axios.com

 

[Mejappz]

Btw regular is at $4.00 down here. We are just starting. Build it back better, baby!

 

[Mejappz]

supply and demand

Keep in mind there are no more bailouts this time around; No more money to print. This will not make the crony capitalist fans on this forum happy.