Posted on 08/17/2024 9:40:41 AM PDT by conservatism_IS_compassion
So much for the idea that the Biden-Harris administration diligence in “see(ing) the the laws be faithfully enforced."
Ok, who had HeelsUp saying, “Drill, baby, drill!” on the 17th?
Biden raised the “fees” the government gets from drilling on Federal Lands....I think double. Trump would more likely than not go back to the old percentage...and cut out a lot of the mandatory climate “crap” and subsidies.
It’s all bull$hit because we won’t get any drilling or fracking with her as President.
In fact, it’s a scandal that we have Democrat states denying the country use of our natural resources.
Get back to me when she passes a federal law to allow drilling/ fracking in all 50 states.
Of course Democrats know we need that. That’s why they won’t do it.
Well, she needed to be drilled and fracked by Willie Brown in order to get where she is, so I guess it’s good she’s not being a hypocrite.
I am an attorney in the oil and gas industry. I have been in the industry for 40 years and lived in an oil and gas producing part of the country since childhood.
What most conservatives don’t understand about the oil and gas business is exploration and production companies need a market price that makes future drilling and production economical. Beginning with Reagan, republicans encourage foreign suppliers to oversupply the market with cheap foreign crude, which kills the domestic industry. They do this because they traditionally viewed the oil consuming industries of the midwest and the gas buying public as their major constituency. Trump continued this in his first term with constant tweets aimed at OPEC demanding that they bring the price of oil down, instead of letting supply and demand take care of itself.
Ironically, beginning with Jimmy Carter, and again under Clinton and Obama, the industry has done far better under democrats because the price is always higher due to threats limiting drilling opportunities and geopolitical uncertainty, which the democrats are really good at. Now throw in the democrats efforts to increase the cost of conventional energy in order to make “renewable” energy look more competitive. The result is oil and gas economics are dramatically better when the democrats are in power.
Traditionally when the republicans are in office the industry makes a lot less money, because government policies encourage self-destructive overproduction. The one destructive thing the democrats always do is threaten to change tax policy to penalize domestic oil and gas drilling. Every other industry is allowed to deduct its costs and amortize capital assets, but the opponents always call the deductibility of intangible drilling costs and depletion “subsidies.” But when the politicians get in the back rooms, somehow these provisions always survive.
I would humbly submit that the federal government, regardless of who is in power, would do well to leave the industry along and let the market correct itself. There are plenty of hydrocarbons left to produce and they are the cleanest, cheapest and most reliable energy supplies on earth. Left to their own devices, the market will find a price that incentivizes future drilling but provides fuel at a price consumers are willing and able to pay.
Campaigning on a position which is one-hundred-eighty degrees from where you actually stand, is unbridled election fraud. And should be prosecuted as such. This is the 3rd issue where this reprobate anchor-baby candidate has claimed support for the Republican Party’s platform. Where does she think this is going to get her with her far-left voter base? Or is she counting on the fact they are too stupid to notice or care?
The government should change slowly, if at all. Instead we have policy whipsawing back and forth.
Agreed. I will go you one better: the government shouldn’t be involved at all.
Can the U.S. return anytime soon to being the predominant producer of crude oil?
In the recent past the U.S. was referred to as being self-sufficient, but of course, fresh U.S. supply has always gone partially overseas to be consumed there, as overseas supply has always gone partially to the U.S. to be consumed here.
Correct:
“the oil and gas business - exploration and production companies need a market price that makes future drilling and production economical”
Not correct:
“Beginning with Reagan, Republicans encourage foreign suppliers to oversupply the market with cheap foreign crude, which kills the domestic industry.”
Not correct, because:
Encourging foreign suppliers is not an exclusively a chronic “Republican” thing; there are always shifting considerations and decisions made by a variety of political bases.
Also subject to a variety of considerations made by a variety of bases:
“government [or others’] policies encourage self-destructive overproduction”
Presently, there is a glut of available oil in the U.S.A. - this summer, there was almost a panic to find storage space. (Would have helped, if the Biden Admin. had been buying/storing some of that glut - the petroleum reserve holding half the volume that existed at the start of the Biden Admin.)
Correct:
“the federal government, regardless of who is in power, would do well to leave the industry along and let the market correct itself”
IMHO
Corrected:
leave the industry *alone* and let the market correct itself
North Carolina and Indiana voted for Obama in ‘08 because he ran as a Moderate Democrat.
She doesn’t believe anything. She’s a hack who doesn’t get called out by the media. Ask her if she is willing to get rid of all the climate change regulations to further increase oil drilling and exploration and if she no longer believes that climate change is an exetential threat to human civilization. When did she learn that the idea of climate change being an existential threat (did it just happen to be the day she got the nomination). Ask her since she now agrees with Trump on climate change why she wasn’t able to get to this conclusion as fast as Trump (over 10 years slower). Has the time that it has taken her to figure out what Trump hasong figured out cost the U.S in any way? Thisbis just spit balling in terms of questions the media should ask but never will. How much longer will it take her to figure out that thr border needs a wall and that all the illegals need to be deported. If you disagree with thst how do you know there isn’t something that Trump is seeing that you are missing. If the media were fair the election wouldn’t be close.
Yeah......no!
Trump has been saying he’s going to get rid of Obamacare for eight years. Now he says he will keep it. They say a wise man changes his mind, a fool never will.
If Trump now said he wanted more illegals, wanted to tear down the wall, refused to drill, wanted to get back into Obamas iran deal said NAFTA should be reinstated the your dumb comparison may hold water. Women in politics at its finest. Zero accountability
Good synopsis.
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