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This simply isn't true

Posted on: July 25, 2022 at 11:29:54 CT
KC rules MU
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Biden's policy have not been oil friendly to say the least but he hasn't had time as president to impact the supply of oil. You fail to realize the lead time it takes to get an oil and gas project rolling. It can takes years - it will take years for anything substantial. And that only impacts federal leases anyway.

And increased taxes only impact NEW federal leases. Not existing leases. So there may be an impact on price down the road but not on today's price. It generally takes years from leasing to production. Plus most oil being produced today in the US is from private land.

The rig count in the US has been increasing steadily over the past few months. So Biden is not shutting anything down. That's a function of drilling companies and crews coming back on line after a long hiatus and low prices. And it's having some impact on WTC oil price as well.

Edited by KC rules at 11:35:59 on 07/25/22
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Wouldn't hybrid cars be a logical transition between... - Deputy Dawg MU - 7/25 09:53:59
     Electric Vehicles are a transition to Hydrogen vehicles - TGR84 MU - 7/25 12:31:27
     Tyrants and their followers, ace, jg, rask, etc., don't want - tigertix MU - 7/25 10:55:43
          Exactly! It’s why all of their “problems” have no - Outsider MU - 7/25 11:03:00
               Very true. A solved problem no longer needs your attention, - DHighlander NWMSU - 7/25 11:26:58
                    It is the nature of all of government - meatiger MU - 7/25 11:33:17
                         We have been in a heightened terror alert - meatiger MU - 7/25 11:33:56
               Nailed it......great post..........nm - tigertix MU - 7/25 11:20:12
     RE: Wouldn't hybrid cars be a logical transition between... - Outsider MU - 7/25 10:03:14
          That's the problem. Our sacrifices will achieve nothing - RHAYWORTH MU - 7/25 10:52:52
          RE: Wouldn't hybrid cars be a logical transition between... - KC rules MU - 7/25 10:26:19
               A bad transition plan, is worse than no plan - RHAYWORTH MU - 7/25 11:04:49
                    RE: A bad transition plan, is worse than no plan - KC rules MU - 7/25 11:16:33
                    who has ever claimed that wind and solar - meatiger MU - 7/25 11:13:06
                         Ras, jg, sparkystalcup. Biden administration - RHAYWORTH MU - 7/25 11:16:15
                              This simply isn't true - KC rules MU - 7/25 11:29:54
                                   No it is true. Your spin isn't. As usual. - RHAYWORTH MU - 7/25 15:08:10
                              the Biden admin - meatiger MU - 7/25 11:18:09
               Even if we were, why wouldn't you want to improve efficiency - Mormad MU - 7/25 10:31:54
                    RE: Even if we were, why wouldn't you want to improve efficiency - KC rules MU - 7/25 10:43:30
          Just imagine if initial cost - meatiger MU - 7/25 10:22:46
               Initial cost for a solution that no one knows - Outsider MU - 7/25 10:30:59
                    It is a market - meatiger MU - 7/25 10:36:11
                         It is an artificial market. If not for government subsidies - DHighlander NWMSU - 7/25 10:47:28
                              RE: It is an artificial market. If not for government subsidies - TONYTIGR MU - 7/25 12:59:02
                              I agree with your initial statement - meatiger MU - 7/25 10:51:31
                                   No one has suggested that. If companies wish to experiment - DHighlander NWMSU - 7/25 11:00:49
                                        RE: No one has suggested that. If companies wish to experiment - meatiger MU - 7/25 11:04:22
                                             Really? You thought that was an example of someone - DHighlander NWMSU - 7/25 11:12:31
                                                  I thought I had made that pretty clear. Thx for confirming(nm) - Outsider MU - 7/25 11:19:15
                                                       You did, to anyone with a functioning brain. - DHighlander NWMSU - 7/25 11:24:12
                                                  No..the government is throwing billions at something - meatiger MU - 7/25 11:15:40
                                             So you just reposted my post that supports what - Outsider MU - 7/25 11:08:23
                                                  no one is forcing a transition - meatiger MU - 7/25 11:12:02
                                                       Sure they are. Where is the Biden administration getting - Outsider MU - 7/25 11:17:07
                                                            There is no use in trying to have an actual discussion with - DHighlander NWMSU - 7/25 11:22:49
                                                            most lost jobs due to vaccine mandates - meatiger MU - 7/25 11:19:29
                                                                 C’mon. At least half of the states mandated that government - Outsider MU - 7/25 11:27:07
                                                                      RE: C’mon. At least half of the states mandated that government - meatiger MU - 7/25 11:32:47
                                        There have been many people that have become billionaires - meatiger MU - 7/25 11:03:41
                         A market is one thing but that’s not what we are talking - Outsider MU - 7/25 10:45:16
                              Who has been forced to by an EV? - meatiger MU - 7/25 10:52:43
                                   Are you really this simple? - DHighlander NWMSU - 7/25 11:18:40
                                        yet oil production is increasing - meatiger MU - 7/25 11:24:16
                                   If you really don’t think this is where our government - Outsider MU - 7/25 11:05:46
     That makes too much common sense. - Chievous'Bandaid MU - 7/25 10:00:46
     wrong board (nm) - pickle MU - 7/25 10:00:42
          and here we go!!!!! lolololololololol (nm) - bluesox7 MU - 7/25 10:54:24
          incorrect this is a huge political issue. - Chievous'Bandaid MU - 7/25 10:01:29
               his post wasn’t political (nm) - pickle MU - 7/25 10:07:12
                    Your opinion is noted - Chievous'Bandaid MU - 7/25 10:11:15
                         it wasn’t opinion (nm) - pickle MU - 7/25 10:27:25
                              knock it off Keyboard Sheriff...... nm - bluesox7 MU - 7/25 10:55:47
     so..buy one(nm) - meatiger MU - 7/25 09:56:33




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