Biden admin cancels massive oil and gas lease sale amid record-high gas prices

Discussion in 'Latest US & World News' started by Lil Mike, May 12, 2022.

  1. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Its a survey done by talking to the oil execs, but if you think the execs or Dallas Fed is lying for reason, then SO BE IT. Trying to compare their future estimate on inflation to a survey based on oil execs comments doesn't make any sense but whatever.....

    Feel free to believe anything you want.
     
    Last edited: May 15, 2022
  2. (original)late

    (original)late Banned

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    Nope.

    In a volatile situation, there is often no good solution. You get to pick between different kinds and levels of risk.
     
  3. Ddyad

    Ddyad Well-Known Member

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    Are we supposed to believe that you believe "oil execs" are credible? ;-)
     
  4. Ddyad

    Ddyad Well-Known Member

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    Why would anyone still trust the Fed at this point?
     
  5. (original)late

    (original)late Banned

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    When are you leaving the country?
     
  6. Ddyad

    Ddyad Well-Known Member

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    Is the Fed "the country"? ;-)
     
  7. James California

    James California Well-Known Member Past Donor

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    ~ Sad but true ... :-?
     
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  8. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    I see absolutely not reason for them to lie about something like this, especially when their reasoning makes perfect sense. Do you?

    Why do you assume everyone is always lying about everything? Its gotta be tough to live in such paranoia.
     
    Last edited: May 15, 2022
  9. Ddyad

    Ddyad Well-Known Member

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    LOL! So, it's paranoia not to trust Big Oil execs?
    Are you Republican? ;-)
     
  10. James California

    James California Well-Known Member Past Donor

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    ~ Anyone who pays attention would never trust big business or career politicians ... :blankstare:
     
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  11. Ddyad

    Ddyad Well-Known Member

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    Or the their illegitimate offspring The Federal Reserve.
     
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  12. sdelsolray

    sdelsolray Well-Known Member

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    You responded to my question with your own question. Normal discourse requires you to answer my question first before asking your own question. Try again. Here's my original question:

    How many oil and gas leases have already been awarded to oil and gas companies but have not yet been used by those companies?

    https://www.verifythis.com/article/...heck/536-2a657e09-856b-436c-a55d-df1cdf2acb3f
     
  13. sdelsolray

    sdelsolray Well-Known Member

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    You responded to my question with your own question. Normal discourse requires you to answer my question first before asking your own question. Try again. Here's my original question:

    How many oil and gas leases have already been awarded to oil and gas companies but have not yet been used by those companies?

    https://www.verifythis.com/article/...heck/536-2a657e09-856b-436c-a55d-df1cdf2acb3f
     
  14. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    A lease isn't a permit. Tell us how many permits have been issued.
     
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  15. mswan

    mswan Well-Known Member

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    Same answer.
     
  16. Enuf Istoomuch

    Enuf Istoomuch Well-Known Member

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    Over quite a long period of time, yes something could be done. That would be slow, taking months to years to have a notable effect. Not so instantly as this, not so very severely as this. Nor can any President alter the fundamental machinery of the commodity market and market trading practices. A market that operates as much on the emotions of fearful traders as it does wise and crafty business people making sound supply and demand decisions.

    The USA in the person of the President or the function of its government altogether cannot replace the massive quantity of crude oil and natural gas removed from the global market by Putin's war of empire building. A million barrels of crude oil released each day from the national reserve is nothing compared to that.

    If you think there are ways in which Biden or anyone else can quickly change this situation, please tell us all about it.

    Personally I'd like to hear ideas on ways we could break the link between the global price of oil on the commodity markets and the price to the 48 contiguous American states, For it is that connection that controls what we pay even tho there has long been a surplus for our needs.

    As in no gas stations running dry. No store shelves going empty of crude oil derived products. No reason at all for prizes here "at home" to be so insanely high other than the fact that global markets control local prices regardless of local circumstances.

    Come up with ways an American President and an American Congress can solve that without making a worse mess of things.

    That is what we need.
     

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