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RE: When you shut down pipelines and refineries, refuse to

Posted on: October 12, 2022 at 11:03:51 CT
KC rules MU
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The conclusions you draw are incorrect

Keystone would not be online until 2023. So shutting that down hasn't contributed to supply issues.

The rig count and oil production has risen steadily under Biden. He has put a temporary moratorium on new leasing but that is a much longer-term impact than a couple of years especially offshore where most of the federal oil is produced. Most production in the US remains on private lands unaffected by Biden administration leasing policies. The moratorium has since been lifted by the courts.

No refineries have shut down by Biden. They are subject to the same demand issues that oil producers are.

The expected price of oil is what drives investment. It's a long term investment. Politicians come and go. I do not see any shut down in investment due to Biden and I have seen a fairly substantial uptick in hiring.

Edited by KC rules at 11:09:38 on 10/12/22
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Well behaved French citizens taking their turn at gas pumps. - BH O'bonga MU - 10/12 10:18:52
     Eliminate government (nm) - Tigrrrr! MU - 10/12 12:55:19
     We are all in a "transition period" as we save the planet by - hokie VT - 10/12 10:34:14
     RE: Well behaved French citizens taking their turn at gas pumps. - scan MU - 10/12 10:31:26
     "Coming to an American city or town near you." - MizzouTigerz MU - 10/12 10:30:29
          When you shut down pipelines and refineries, refuse to - BH O'bonga MU - 10/12 10:39:26
               RE: When you shut down pipelines and refineries, refuse to - KC rules MU - 10/12 11:03:51
          oil production has increased under Biden - ashtray UF - 10/12 10:32:09
               But isn't close to where it was. Why is that?(nm) - tman MU - 10/12 10:43:05
                    because increasing supply would bring the price and profit - JayHoaxH8r MU - 10/12 10:47:28
                         Depends on the elasticity of the supply to price - tman MU - 10/12 11:09:44
                              KC rules has a pretty good grasp on the oil - JayHoaxH8r MU - 10/12 11:15:42
                                   We have supplied hydraulic parts to that industry forever - tman MU - 10/12 11:26:28
                                        i would guess it's more about people - JayHoaxH8r MU - 10/12 11:27:09
               Russia-Ukraine is a border dispute. All involved in - TigerMatt STL - 10/12 10:40:56
                    How often in a border dispute does one side try to capture - KC rules MU - 10/12 11:57:30
               Things don't happen in a vacuum, like you think. - MizzouTigerz MU - 10/12 10:36:51
                    oh yes. I forgot they happen in a fantasy world that you - ashtray UF - 10/12 10:39:05
                         So you think the economic harm from China's Covid is - MizzouTigerz MU - 10/12 10:42:08
                              Covid didn't hurt the economy. Your precious govt did (nm) - ashtray UF - 10/12 10:42:44
               RE: oil production has increased under Biden - scan MU - 10/12 10:36:08
                    It absolutely has increased from the lows caused by Covid's - KC rules MU - 10/12 10:46:55
                         you're arguing with a troll - ashtray UF - 10/12 10:50:23
                    oil production has increased under Biden: When you have no - BH O'bonga MU - 10/12 10:41:37
                         says the guy getting welfare for his farm (nm) - ashtray UF - 10/12 10:43:19
                    you must be - ashtray UF - 10/12 10:38:16
                    RE: oil production has increased under Biden - JayHoaxH8r MU - 10/12 10:37:35
                         It was at 13,100 in February 2020, when China's economic - MizzouTigerz MU - 10/12 10:47:01
                              And your point is? - KC rules MU - 10/12 10:56:28
                                   This is October 2022, which isn't overnight, by any - MizzouTigerz MU - 10/12 11:32:30
                                        Biden's inauguration did not coincide with the end of covid - KC rules MU - 10/12 12:14:31
                                        Those areas (Atlantic/Pacific) are already off limits - KC rules MU - 10/12 11:44:02
                                   November 2019 it was 12,900 stayed level in December - MizzouTigerz MU - 10/12 11:21:47
                                        Fair enough. I am looking at EIA data as well and it shows - KC rules MU - 10/12 11:27:03
                                             My point is that blaming it all on Trump, and ignoring - MizzouTigerz MU - 10/12 11:39:44
                                                  High oil prices are not Trump's fault either. - KC rules MU - 10/12 11:49:15
                                                       RE: High oil prices are not Trump's fault either. - MizzouTigerz MU - 10/12 12:33:46
                                                            the only context is that you are a dishonest POS - ashtray UF - 10/12 14:41:12
                              It's gone up under biden - JayHoaxH8r MU - 10/12 10:51:52
                                   Not to pre-Covid levels. - MizzouTigerz MU - 10/12 11:17:40
                                        Why is it certain types of people refuse to admit - JayHoaxH8r MU - 10/12 11:23:42
                                             It's because you refuse the wisdom of the Holy One of Israel - MizzouTigerz MU - 10/12 11:41:56
                                                  I enjoy the Beastie Boys - JayHoaxH8r MU - 10/12 11:56:07
     It’s what a liberal run world looks like. (nm) - Outsider MU - 10/12 10:21:10




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