Biden: "Cut off Russian gas gonna hurt Europe but that's the price I am willing to pay"

https://mobile.twitter.com/carlzha/status/1507296562891788291
I found these words Baiden said in Brussels. Now the question is will he sell gas cheaper for the EU? Or will US just try and benefit from the EU's lack of non-Russian energy? In Germany they now ask people to heat the houses less to save gas. For what sake? To make Biden happy?

 

I'm just an average American citizen. But I apologize to you and to all of Germany for having an inept, even dangerous President that is diminishing the American oil industry rather than expanding it for the benefit of both our country and yours. President Biden is obviously having serious signs of dementia and is parroting whatever radical, left, enviroterrorist words and policies he is ordered to spew. Again, I apologize.

 

Ho hum. Another pathetic effort to drive a wedge between the US and Europe.

Don't apologize on behalf of America. You obviously have no clue what you're even talking about here.

Biden is not diminishing the American oil industry in any way. That industry is busy maximizing profits for its shareholders rather than increase production and risk taking losses the way they did in years past. I'm sure they are also enjoying inflicting pain on the Democrats by making Americans pay more for gas right now since Americans such as yourself are so clueless as to misplace blame for it. Not only are they making a bunch of extra money for their shareholders at our expense, but they are harming Democrats' chances in the next election as well, and if Republicans gain any majorities they are bound to give the oil industry corporate welfare and other such benefits. And not just in return for a favor, but actually benefiting themselves directly since they also have investments in this industry because there are currently no laws preventing this!

Who in Congress owns oil and gas stocks?

• January 8, 2020

A new study shows one in four members of Congress admits to owning shares in the oil and gas industry. It totals $93 million in shares according to Sludge, the investigative journalism group that likes to ‘follow the money.’

...

As of Dec. 13, 2019, 134 members of Congress and their spouses own as much as $92.7 million worth of stock in fossil fuel companies and mutual funds, according to an analysis of financial disclosures by Sludge. House members own between roughly $29.5 million and $78.2 million in fossil fuel stocks, while senators have between $3.8 million and $14.5 million invested in oil, gas, and coal interests. Members of Congress generally report the value of their investments in broad ranges, so it’s not possible to know exactly how much their stocks are worth.

... http://www.okenergytoday.com/2020/01/who-in-congress-owns-oil-and-gas-stocks/​

 

Before Biden, Saudi was lowering oil prices because it saw American production increasing so much, that it was threatening OPEC. Even they stated that it was mainly due to fracking.
- Biden has significantly discouraged fracking
- Biden has stopped various pipelines
- Biden has increased taxes on oil from wells located on federal lands
- While Biden has not cancelled any leases of federal lands, he has stopped license for DRILLING on federal lands

These are the reasons we are paying higher gas prices and watching inflation balloon out of sight. It is Biden's policies that are directly responsible for ending our "energy independence" (exporting more energy than we import) and taking us from $2 gas to $6 gas in the space of a single year. But I understand that those on the radical left will always blame the big, bad, greedy capitalists for their woes. In a larger sense, jealousy always motivates failures to vilify those who are successful, painting achievers as evil.

 

Poppycock. It is a global supply vs demand issue that has absolutely nothing to do with anything you have listed. I might also point to some data for you: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

Oil production has gone up significantly during Obama's term, just as it did in Trump's term until the pandemic hit, lockdowns began and demand took a nosedive, taking price and production down with it, and is now rising again and has been since spring 2021. Stupid pipelines have NOTHING to do with it, but oil companies maximizing their profits for shareholders does have something to do with it.

Facts:

Why Is The Price Of Oil Rising?

...

OPEC Production Cuts Mean Higher Oil Prices
In April 2020, a spat between Russia and Saudi Arabia over proposed output cuts in response to the new Covid-19 pandemic spooked investors, causing the price of oil to fall to historic lows in April 2020.

But that was then. The problem now is that the oil supply hasn’t kept up with recovering demand.

...​

Biden has been calling on OPEC to increase their production, but it remains to be seen whether this will happen.

...

U.S Oil Production Slow to Respond
In the U.S., oil producers aren’t in a hurry to expand production.

“The U.S. oil rig count is currently at 520, after hitting a low of 295 a year ago,” said Mace McCain, chief investment officer at Texas-based Frost Investment Advisors. “We are still well below the 2014 high of 1,609 rigs operating. The oil majors are reluctant to increase exploratory spending by the big producers, a trend that’s been growing since 2015.”

Why? For one thing, they don’t want to invest heavily on new wells only to see supply increase, prices decline and their profits dwindle.

...​

https://www.forbes.com/advisor/investing/high-oil-prices/

You want it to be Biden's fault because that's convenient for you politically. Republicans have lost their collective minds with hatred for Democrats to the point where you're just out to hate and blame Biden and every other Democrat for everything. You don't apply reason any more. You don't evaluate facts in an objective manner. You just want to blame Democrats for every little problem, and so you do even though you have no good reason to. You have made a scapegoat and an object of scorn of Biden and the Democratic party. Shame on you for that.

 

Spin... SPIN... SPIN!!! WHEEEE!!! The bottom line is that we went from "energy independence" (exporting more oil than we import), $2 gas, and insignificant inflation straight to $6 gas and uncontrolled inflation after Biden discouraged fracking, raised taxes on oil from wells on federal lands, stopped pipelines and stpped oil drilling licenses on federal lands.

Post your college dissertation spew all you want. Americans know that it all happened under Biden in his very first year. They see it in the stores, they see it in their cars, they see it as they lower their thermostats, and they see it in the eyes of their hungry children who thought they might see Disney someday.

And all your a academic spew from Forbe's and your attempts to connect it with the China Virus doesn't change the fact that their cousins in New Mexico, Wyoming and across the country tell them about the oil industry workers that watched Biden put them out of work as it all happened.

 

Biden has already drove a wedge between US and EU by such statements.

 

We were never energy independent, so the spin stopped right there buddy.

 

Trump wanted prices higher, now we got it, thanks Trump, he was right, this is GREAT for the oil and gas industry, course it SUCKS for consumers

Trump lowered supply during Covid, now that demand is picking up, supply is not there

 

Ditto. I also apologize as the world watches as America changes into a country run by a dementia ridden old man that was elected by questionable occurrences during our election that were not responsibly looked into and actually condemned for even questioning it... We now have such a childish acting leadership it is embarrassing. The grownups in the world are watching... they smell weakness. China/Taiwan is next.


Let's go Brandon
interesting read....
A Promise Kept: Biden’s War on American Energy
https://banks.house.gov/uploadedfiles/a_promise_kept.pdf

what a clown show

 

You're wrong "buddy"... here's proof:

It is true that in 2019 our net imports of crude oil and finished products flipped from positive to negative. By that metric, we became energy independent (at last as far as our oil consumption goes). It is also true that Donald Trump was president when this happened for the first time in October 2019. (https://www.forbes.com/sites/rrapier/2021/11/14/is-the-us-energy-independent/?sh=5940e2c81387)


U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the U.S. attained the long-held goal of “energy independence”—which is not to say that we did not import or export energy, but that we produced more energy than we used. One can thank the oil and gas industry and its use of hydraulic fracturing and horizontal drilling for that milestone as production in those industries increased a combined 11 percent in 2019. Total U.S. energy production increased by 5.7 percent in 2019 while U.S. energy demand decreased by 0.9 percent. The United States produced 101.0 quadrillion British thermal units (quads) of energy and consumed 100.2 quads last year. Fossil fuels accounted for 80 percent of both energy consumption and production in 2019. (https://www.instituteforenergyresea...endent-in-2019-for-the-first-time-since-1957/)

 

That's not energy independance.
The idea is a isolationist one. One that we reject, because we are still exporting oil now.

Wanting such a thing simply means you are against capitalism. Is that your position, that you want the government to control our oil?

 

When does Russia plan on apologizing?
I can't imagine Putin has greater popularity around the world that criticizing Bidens attempts to thwart his domination policies can be seen as a solution.
But then again we don't let foreign nations liberate our citizens from our nazis and Trump supporters do we?
We handle them diplomaticly. We have free speech, etc. Then just let reality show them their errors.

Why don't we have insight into how Russias citizens feel about Putin? No one cares?

Whatever your thoughts on Bidens "demintia"may be, they are irrelevent. We need to start selling the idea that Putin is insane to his citizens.
If you can't buy the person, target their employer..his citizens. Get them to see that they could be a superpower again, but not with Putin in charge.

 

Yes, US and EU already struck a gas deal.

US, EU announce plan to reduce European reliance on Russian gas
A new joint task force to work on slashing the bloc’s dependence on Russian fossil fuels.
https://www.aljazeera.com/news/2022...am-to-reduce-european-reliance-on-russian-gas
The United States and the European Union have unveiled a plan to reduce Europe’s dependence on Russian fossil fuels following the invasion of Ukraine.

US President Joe Biden and European Commission President Ursula von der Leyen announced the creation of the joint task force aimed at cutting the bloc’s reliance on Russian imports during a joint news conference in Brussels on Friday.

Under the agreement, Biden said the US will work with partners to ensure an additional 15 billion cubic metres of liquified natural gas (LNG) for the EU in 2022.

 

You can blame America, and apologize all day long. That's you were born to do.

Some people............

Its a natural knee-jerk reaction to some people.

 

While there are many factors which influence the price of crude oil and gas, there are two points which are driven by economics alone. The first of these is the price below which it is not profitable to operate a well. When that price level is reached, companies will begin to shut down production. The second is when prices have reached a level at which it is profitable to drill new wells for more production. These two 'trigger' price levels are independent of the daily ups and downs of the market.

Regards, stay safe 'n well.

 

So you favor buying Russian gas? There's only two options, 'do' or 'don't'. One decision strengthens Russia's hand in the war, the other doesn't. And its not like Biden has to be Einstein to figure out which choice is best. For that matter neither do you. So tell us, which option do you prefer?

 

Energy independence means we export more energy than we import. We did that under Trump. Its gone under Biden.

If you have a problem with that... go ahead. We can agree with YOU or FORBES... sorry kid... FORBES wins.

 

Energy independence means we export more energy than we import. We did that under Trump. Its gone under Biden.

If you have a problem with that... go ahead. We can agree with YOU or FORBES... sorry kid... FORBES wins.

I am ashamed that America is importing Russian oil.... FINANCING PUTIN's SLAUGHTER AND HORROR when we could be be energy independent as we demonstrated we could under Trump. All because Biden discouraged fracking, raised taxes on oil from wells on federal lands, ended drilling license on federal lands and stopped the pipelines. So now, because of Biden... we finance Putin's slaughter of innocents.

 

I prefer Option 3... we DRILL BABY!! DRILL!! and become energy independent AGAIN... as we were under Trump.

 

Maybe you were born ashamed.

US banned Russian oil imports on March 8.

US exported more petroleum than imported in 2021, so according to your definition of "independent", we are independent. Happy? No, you'll just find something else to complain, apologize and blame the US for.

 

Jesus Christ. Does your Google work? Trump is a pathological liar. Do you HONESTLY think the majority of us (the millions that fired him) just missed all his stellar achievements, exemplary maturity and sense of loyalty and appreciation? Really?

Fact check: Despite claims of Trump-era 'energy independence,' the US never stopped importing foreign oil

https://www.cnn.com/2022/03/15/politics/energy-independence-fact-check/index.html

 

Why would that be something anyone wants? If it's what you want buy only American oil then.
We should be importing more then we export. We should not be depleting our resources faster.

And that is not a Forbes definition. You just used the link to show we never had "independance" from needing to import oil.

 

March 8? Why did it take so long? and the term is "energy independent". Ever heard of solar energy? Natural gas? Cow farts

 

US was indeed energy independent:]

It is true that in 2019 our net imports of crude oil and finished products flipped from positive to negative. By that metric, we became energy independent (at last as far as our oil consumption goes). It is also true that Donald Trump was president when this happened for the first time in October 2019. https://www.forbes.com/sites/rrapier/2021/11/14/is-the-us-energy-independent/?sh=5940e2c81387


U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the U.S. attained the long-held goal of “energy independence”—which is not to say that we did not import or export energy, but that we produced more energy than we used. One can thank the oil and gas industry and its use of hydraulic fracturing and horizontal drilling for that milestone as production in those industries increased a combined 11 percent in 2019. Total U.S. energy production increased by 5.7 percent in 2019 while U.S. energy demand decreased by 0.9 percent. The United States produced 101.0 quadrillion British thermal units (quads) of energy and consumed 100.2 quads last year. Fossil fuels accounted for 80 percent of both energy consumption and production in 2019. https://www.instituteforenergyresea...endent-in-2019-for-the-first-time-since-1957/