Biden announces ban on Russian oil imports, other energy products

Yup and Iran is now launching attacks on the US consulate in erbil Iraq.

And where's Biden right now?

Probably asleep at his Delaware home.

 

Sign of the Times. I'm waiting for frogs to start falling from the sky.

 

This.

Biden promised to increase energy costs and he has delivered.

https://www.atr.org/joe-biden-we-are-going-get-rid-fossil-fuels/

Queue the "but, but, but, but, but,.........Putin". lol

 

I have not said he has done anything to increase domestic supply. That is known as a strawman as you want me to defend and provide sources for something I have never claimed.

It is ok to acknowledge you cannot find any credible sources — if you even bothered to look, doubtful — for your claim that the administration was pushing banks to deny capital to domestic oil producers.

This is just sad, even for you.

 

Just like you Only difference is I know I can

 

Prove it!

 

I have! I hope this is not gonna be another of your twenty off topic posts about me doing something for you

 

You mean like you not being able to quit me???

 

Thats two now

 

And I asked you what has Biden done to increase domestic production. Can you think of anything? And I gave you credible sources especially #47.

Here I'll remind you again from The Hill which you are saying is not a credible source now.

Biden's renewable energy rush is making gas prices skyrocket
BY BRYAN BASHUR, OPINION CONTRIBUTOR — 12/13/21 01:01 PM EST

The Biden administration exacerbated the inflation of gas prices by both restricting the supply of oil and pressuring banks and asset managers to divest from traditional energy projects. The result of these flawed policies is weakened purchasing power for consumers and more reliance on foreign countries to keep the United States powered.

President Biden is restricting America’s ability to produce its own oil and is instead relying on foreign countries, some of which have governments run by totalitarian regimes, to produce more oil to lower gas prices. Biden’s decision to cut off avenues for more domestic supply of oil by canceling the Keystone XL pipeline and limiting exploration on federal lands and waters gives the Organization of the Petroleum Exporting Countries (OPEC) significant leverage over American energy consumption. ...

....
In October, Blackstone CEO Stephen Schwarzman stated that part of the reason why energy prices are so high is that financing for fossil fuel companies is “almost impossible” to attain. Moreover, BlackRock CEO Larry Fink also admitted that policies that restrict the “supply of hydrocarbons has created energy inflation” and that it is not transitory — in fact, it may stick around for a long time.

Additionally, Christopher Wood, Global Head of Equity Strategy at Jeffries, told CNBC that the mismatch between demand and supply for energy could get worse. Wood states that the issue is the “oil price is gonna go higher in a fully reopened world because nobody’s investing in oil but the world still consumes fossil fuels.” Wood went so far as to say that in a “fully reopened world, the oil price could go to $150 dollars.”

The rise in prices can be attributed to political pressure from the administration to reel back oil and gas production. Wood claims that the “political attack” on oil and gas “has removed the incentive for investment in the sector despite its lingering importance.”

According to Western Energy Alliance President Kathleen Sgamma, oil and gas producers are unable to access capital, because the Biden administration is “putting so much pressure on banks not to lend to us in the name of climate change.”

State officials from across the United States are fed up with politics seeping into investment decision-making. The Federalist obtained a letter sent by 15 state financial officers threatening to remove $600 billion worth of assets under management by U.S. financial institutions if they continue to discriminate against oil and gas investments. The letter explains how the Biden administration is choking off capital to oil and gas.....
https://thehill.com/opinion/energy-...le-energy-rush-is-making-gas-prices-skyrocket
Your simple dismissals about as lame as you can get. Refute them. In the meantime read my sig again.

 

Forget it the resident leftist will just simple dismiss the policies of this administration and scream PROVE IT PROVE IT PROVE IT even though you already have.

 

You gave a source that made a statement without actually backing up their claim that Biden was limiting capital investment due to pressures on financial institutions.
You have been unable to cite the actual legislation, executive order or memo showing that this is actually happening.

As to Biden increasing domestic production, I have no idea. That isn’t what I am interested in which is him harming production through means I was not aware of only to have you continue to make accusations you cannot back up.

You should check your source under “The letter” it even says reportedly and gives zero specifics. The only lame thing here is your constant dodge around your claim. Do us both a favor — if you cannot find the integrity to cite what specifics you and your source are asserting then don’t bother responding because I am going to keep asking the same question.

Put up or…

To your signature, none of that has to do with limiting investment capital. If they have to depend on subsidies while making tens of billions in profits then I hope they rip every dime away from them, throw a speculative tax on them and send that money to alternative energy sources.

 

Or you can produce more of it to meet the demand.....

 

Simple dismissals are not rebuttals, put up or shut up, refute it. As to my sig it clearly shows this was the plan, strangle our oil and gas production.

 

There is nothing to refute.

You made an unsupported claim and have chosen to double down instead of showing any integrity.

 

Where's your first 2 month numbers that back your claim up?

 

Sure there is, refute what I posted about the capital markets with the support for it. And if you are going to now have to lower yourself to personal attacks well just go look in the mirror.

Once again

"In October, Blackstone CEO Stephen Schwarzman stated that part of the reason why energy prices are so high is that financing for fossil fuel companies is “almost impossible” to attain. Moreover, BlackRock CEO Larry Fink also admitted that policies that restrict the “supply of hydrocarbons has created energy inflation” and that it is not transitory — in fact, it may stick around for a long time.

Additionally, Christopher Wood, Global Head of Equity Strategy at Jeffries, told CNBC that the mismatch between demand and supply for energy could get worse. Wood states that the issue is the “oil price is gonna go higher in a fully reopened world because nobody’s investing in oil but the world still consumes fossil fuels.” Wood went so far as to say that in a “fully reopened world, the oil price could go to $150 dollars.”

The rise in prices can be attributed to political pressure from the administration to reel back oil and gas production. Wood claims that the “political attack” on oil and gas “has removed the incentive for investment in the sector despite its lingering importance.”

According to Western Energy Alliance President Kathleen Sgamma, oil and gas producers are unable to access capital, because the Biden administration is “putting so much pressure on banks not to lend to us in the name of climate change.”

State officials from across the United States are fed up with politics seeping into investment decision-making. The Federalist obtained a letter sent by 15 state financial officers threatening to remove $600 billion worth of assets under management by U.S. financial institutions if they continue to discriminate against oil and gas investments. The letter explains how the Biden administration is choking off capital to oil and gas....."

 

I already have. The letter you quote says “reportedly”. Do you understand what that word means?

 

Refute it then.

"Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry.

Led by West Virginia Republican Treasurer Riley Moore, the group promised “collective action” in the form of an “economic boycott.”
https://thefederalist.com/2021/11/3...t-wont-give-equal-service-to-energy-industry/

 

The onus is on you to prove what you are saying.

As for my proof Biden has done no such thing:
https://www.federalregister.gov/presidential-documents/executive-orders/joe-biden/2021

It isn’t in there.

 

I did, now refute it with source. A list of EO's proves nothing there are all sorts or regulatory moves and actions that do not require an EO.

 

https://www.iea.org/reports/oil-market-report-february-2022

 

So where does it say this year matches 2019 as you claimed?

 

It doesn't but it does back up what I have been saying about the Saudis and why gas prices are so high.

 

Ok well there we have it after multiple threads there are no numbers that back up your claim in fact in 2021, as we said we did not pump as many barrels as 2019. Not sure where you got your info but dig deeper.