So these sanctions appear to be pathetically weak

[SFGbob]

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-...se-further-in-2022-oil-expert-dan-yergin.html

$100 a barrel oil will help increase US production.

 

[MikeDamone]

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]

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]

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-...se-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]

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]

California fucked energy prices before Biden. Provable and intentionally

Biden ran on California as the Nick Holt blueprint

 

[MikeDamone]

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]

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]

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]

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]

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.

 

[RaceBannon]

Carter didn't tell OPEC to fuck us and couldn't abandon Israel so those shocks weren't his fault

Voters didn't care

Damone is right and Bob C added good insight

But if gas was high under Obama low under Trump and now high again its an issue

I go with uncertainty about the future makes oil in hand more valuable

I'm just a floor guy though

But pain at the pump is a winner

 

[Swaye]

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.

Read an article on Rueters (can't find link) that basically said it was a combo of uncertainty over future regulatory environment (specifically with methane off gassing from wells), and a fear over overexuberant drilling until prices stabilized more uniformly.

My uneducated read on it was Joe didn't do anything "specifically" that cut production, but the inability to expand leases on federal land and the Keystone decision did compel drillers to think more carefully about exploratory drilling for fear of future regulation from Team Biden. So no, Biden didn;t specifically do anything, but the threat of Biden is enough to cool drilling. ATBS, article also mentioned oil prices have gathered so much steam that they believe drilling will commence in a big way in 2022 and should easily surpass 2021 levels. Enough to make up 800K barrels per day? I have no idea...

 

[MikeDamone]

Carter didn't tell OPEC to fuck us and couldn't abandon Israel so those shocks weren't his fault

Voters didn't care

Damone is right and Bob C added good insight

But if gas was high under Obama low under Trump and now high again its an issue

I go with uncertainty about the future makes oil in hand more valuable

I'm just a floor guy though

But pain at the pump is a winner

For sure, a sitting president always has to own it. If Trump were president The BidenBros would be going nuts blaming him for the price of gas on down to RUSSIA! Oh wait, he’s not president and they are blaming him anyway.

 

[SFGbob]

California fucked energy prices before Biden. Provable and intentionally

Biden ran on California as the Nick Holt blueprint

You get your notice yet about the "proposed" increase in NG and electrical rates?

 

[SFGbob]

Carter didn't tell OPEC to fuck us and couldn't abandon Israel so those shocks weren't his fault

Voters didn't care

Damone is right and Bob C added good insight

But if gas was high under Obama low under Trump and now high again its an issue

I go with uncertainty about the future makes oil in hand more valuable

I'm just a floor guy though

But pain at the pump is a winner

For sure, a sitting president always has to own it. If Trump were president The BidenBros would be going nuts blaming him for the price of gas on down to RUSSIA! Oh wait, he’s not president and they are blaming him anyway.

Hell Trump gets blamed when a black guy beats up an Asian guy.

 

[RaceBannon]

California fucked energy prices before Biden. Provable and intentionally

Biden ran on California as the Nick Holt blueprint

You get your notice yet about the "proposed" increase in NG and electrical rates?

I got the tier pricing notice and opted out. I didn't get a notice but NG to heat the house this cool winter was noticeably higher

 

[RaceBannon]

This should be the top plank of the GOP platform and every candidate should shout it out. No more of this little bit green bullshit. Tell it like it is
http://twitter.com/denverbitcoin/status/1497109040689823745?s=20&t=FPcon2L_WuIpKnd3bnNkoA

 

[SFGbob]

California fucked energy prices before Biden. Provable and intentionally

Biden ran on California as the Nick Holt blueprint

You get your notice yet about the "proposed" increase in NG and electrical rates?

I got the tier pricing notice and opted out. I didn't get a notice but NG to heat the house this cool winter was noticeably higher

They are still in the "hearing" stage but that's merely a formality. Rates are going up.

 

[MikeDamone]

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.

Read an article on Rueters (can't find link) that basically said it was a combo of uncertainty over future regulatory environment (specifically with methane off gassing from wells), and a fear over overexuberant drilling until prices stabilized more uniformly.

My uneducated read on it was Joe didn't do anything "specifically" that cut production, but the inability to expand leases on federal land and the Keystone decision did compel drillers to think more carefully about exploratory drilling for fear of future regulation from Team Biden. So no, Biden didn;t specifically do anything, but the threat of Biden is enough to cool drilling. ATBS, article also mentioned oil prices have gathered so much steam that they believe drilling will commence in a big way in 2022 and should easily surpass 2021 levels. Enough to make up 800K barrels per day? I have no idea...

True

But my point is we? should be more factual than saying "we are now using Russian oil and it's because of Biden shutting down keystone and other polices"

The fact is the amount of Russian oil imported has ticked up a little. But not significantly. By listening to some people it seems like it went from zero to 600k overnight.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTIM_NUS-NRS_1&f=M