Biden administration hails a bold initiative to cut global warming emissions

[Samm]

@Auto129

much of the industry was not making money even when prices were substantially higher. “To the contrary, since the inception of the fracking boom, oil and gas companies have had to return repeatedly to debt and equity markets for infusions of capital to keep their operations running and their oil and gas flowing,” the IEEFA analysts wrote.

Article is dated 2019 when low gas prices were annihilating them. That bust, and covid, caused the high gas prices and obscene profits that are a problem today.

Can’t have it both ways? This the documented reality. If you have an issue with the absurd volatility inherent in fossil fuel markets, then you’re in accord with investors who aren’t so eager to play anymore.

There was no cheap to produce oil in the US in 2019.

[Samm]

@Auto129

Strategic reserve is being used for it’s intended purpose. Can’t get more strategic than folding what’s left of our paper tiger cold-war adversary.

Wrong on both counts.

[Gaius]

Sigh

Wifey

[DougBH]

So we can’t get food from the farm…we can still get it at the grocery store.

[bigtwnvin]

What a great find. Dumb and Dumber with a Brit accent!

[Gaius]

Without farms . . . they’re gonna run out of tomato soup the throw.

[bigtwnvin]

I’m not pointing to anything in particular but here in the US

ACT test scores drop to their lowest in 30 years in a pandemic slide

The dumbing down of the American students is getting dumber?

[Rodeo]

@bigtwnvin

I’m not pointing to anything in particular but here in the US

ACT test scores drop to their lowest in 30 years in a pandemic slide : NPR

The dumbing down of the American students is getting dumber?

But hey…lefties are teaching crt and selective pronouns so it’s all good.

[RTchoke]

@DougBH

So we can’t get food from the farm…we can still get it at the grocery store.

That is seriously how some of these nitwits think.

There are also the no oil idjits who are too dumb to realize everything they are wearing and using is made with the help of oil.

[Samm]

@bigtwnvin

I’m not pointing to anything in particular but here in the US
ACT test scores drop to their lowest in 30 years in a pandemic slide : NPR

The dumbing down of the American students is getting dumber?

Time to change the bar for passing again, too many kids are failing.

[Eagle-Keeper]

@Gaius

So Biden selling oil from the SPR is good or bad?
Lemme guess “If the government did it it must be good.” Right?

Government actions by D politicians are flawless in the mind of forum libs.

[Samm]

@Eagle-Keeper

@Gaius

So Biden selling oil from the SPR is good or bad?
Lemme guess “If the government did it it must be good.” Right?

Government actions by D politicians are flawless in the mind of forum libs.

Only when those in government who are implementing the actions are Ds.

Of course Rs are no better than Ds in that regard.

[Eagle-Keeper]

@Eagle-Keeper

@Gaius

So Biden selling oil from the SPR is good or bad?

Lemme guess “If the government did it it must be good.” Right?
[/quote]

Government actions by D politicians are flawless in the mind of forum libs.

Only when those in government who are implementing the actions are Ds.

Of course Rs are no better than Ds in that regard.

Is there ever a time when these policies fail that they blame government?

[Bill.in.PA]

The SPR contains refined products, not just crude oil, and diesel reserves are down to very low levels. Diesel prices are already high, and expect them to increase once SPR withdrawals end after the mid-terms.

Zerohedge

The US imports diesel fuel, and much of it came from Russia before the sanctions. Fuel prices are not just about crude oil, refinery capacity is problem as well. Biden’s policies have caused refineries to shut down, even as the sanctions war has been reducing access to foreign diesel. Here is a report from April:

. . . government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that “refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government” to “reduce demand for gasoline.”
American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert | Fox Business

Higher diesel prices and spot shortages will increase the cost of virtually everything since virtually everything is transported on diesel-powered trucks.

[e7alr]

Diesel doesn’t just power these things, it powers the rigs and FRAC equipment that gets the oil and gas out of the ground. A rig can easily consume 7000+ gals of diesel a day. Fracs can consume 5000 gals of diesel every 3 hours. It takes energy to extract energy.

[DMK]

If they could get their way then fast forward through time only to realize that the climate will change anyway I wonder what their opinion would be today.

[Bill.in.PA]

Yes, diesel is also used for most agricultural equipment. The energy crisis is helping to create a food shortage.

The sanctions war in Europe has already shut down two thirds of European fertilizer production, which is contributing to a world-wide fertilizer shortage. That is coming at the same time as severe droughts have cut crop yields in much of the US, China, and Europe.

The lack natural gas to make fertilizer and the lack of diesel fuel could kill millions around the world.

The Food Crisis Of 2023 Is Going To Be Far Worse Than Most People Would Dare...

[Rodeo]

@e7alr

Diesel doesn’t just power these things, it powers the rigs and FRAC equipment that gets the oil and gas out of the ground. A rig can easily consume 7000+ gals of diesel a day. Fracs can consume 5000 gals of diesel every 3 hours. It takes energy to extract energy.

Diesel powers this country …

If you want to eat you’d better have access to diesel…

“Diesel engines power about 75% of all farm equipment, transport 90% of farm products, and pump about 20% of agriculture’s irrigation water in the United States. Ninety-six percent of the large trucks that move agricultural commodities to railheads and warehouses are powered by a diesel engine. Diesel powers 100% of the freight locomotives and inland barge and towboat marine vessels that transport bulk harvested crops such as corn and grain to processing facilities.

In the agricultural sector, there is no cost-effective substitute for diesel engines with the same combination of energy efficiency, power, and performance. Diesel dominates the entire “farm supply chain” - planting the product, tending the crop (watering, fertilizers, and pesticides), harvesting the product, and bringing the product to market. That happens by truck, rail or ship. Farm tractors, combines, irrigation pumps and other equipment are essential tools in an industry vital to our national economy and quality of life.“. Agriculture | Engine Technology Forum

[mot1man]

Covid was here and happening well before your “idiot-in-chief” took office and reversed every policy that was keeping this country out of this mess he’s created.

He/y’all were warned. The hell with the consequences, full speed ahead just to RAM the ■■■■■■■■ progressive policy’s through.

Thanks.

[Rodeo]

@Auto129

@Rodeo

We aren’t the ones who took a country that was an energy exporter and sent it begging to the Saudi’s and the Venezuelans. I was just reading a report that we’ve got billions of barrels of oil under our feet…

Covid.

What about Covid, aside from Covid, racism, and the climate lie providing a set of pillars for liberals lies?

The America Petroleum Institute has offered a 10 point plan to restore America to energy dominance…

“ 10 in 2022: Ten Policies to Unleash American Energy and Fuel Recovery…”. API | News, Policy & Issues

Since no one in the Biden administration seems to have a clue what he or she is doing…maybe they should consider listening to these people who actually do energy for a living.