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Why record-high gas prices won't be solved by drilling more oil in the US
Cnn ^ | 03/10/2022 | Ella Nilsen

Posted on 03/10/2022 10:08:08 AM PST by ChicagoConservative27

(CNN)As US oil and gasoline prices skyrocket, politicians in both parties have called for a seemingly easy solution: Drill our way out of the problem to ease prices at the pump and supply additional energy to Europe.

"The president must end his war on American energy," Republican Sen. John Barrasso of Wyoming said in a recent statement. "Republicans have been demanding the administration take the shackles off American energy producers since President Biden took office. We have the energy at home and we must use it."

But the US is already the world's top producer of crude oil, producing about 11.6 million barrels of oil per day as of December -- and that supply is increasing, energy experts told CNN. The country is also the world's largest consumer of oil, using about 21 million barrels per day in 2019 -- 20% of the world's total.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bias; cnn; drilling; gas; mediabias; oil; prices
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To: ChicagoConservative27

Sycophants.


41 posted on 03/10/2022 10:38:22 AM PST by FamiliarFace (The “smart resume” feature doesn’t work on the Biden admin, so it’s still all BS all the time.)
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To: All

Isn’t Licht supposed to ride in and fire everybody or something? CNN sucks.


42 posted on 03/10/2022 10:38:58 AM PST by mmichaels1970
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To: ChicagoConservative27

“Why famines won’t be stopped by growing more food, experts say.”


43 posted on 03/10/2022 10:40:19 AM PST by denydenydeny ("World History is not full of good governments, or of good voters either "--P.J. O'Rourke )
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To: joma89

Maybe Ella is on the sauce.


44 posted on 03/10/2022 10:42:10 AM PST by chopperk
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To: ChicagoConservative27

LOL- so much for CNN’s ‘New Leaf” that they turned over claiming to not be so partisan


45 posted on 03/10/2022 10:43:27 AM PST by Bob434
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To: ChicagoConservative27

Brandon News Network


46 posted on 03/10/2022 10:44:04 AM PST by mykroar (There is no instance of a country having benefited from prolonged warfare. - Sun Tzu)
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To: ChicagoConservative27

I don’t see CNN except at a little sandwich shop where it is always on. 100% BS, no matter the topic.


47 posted on 03/10/2022 10:44:07 AM PST by Southside_Chicago_Republican (The more I learn about people, the more I like my dog. )
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To: joshua c

Imagine going to work every day where your job is to lie. At some point, you begin believing your lies. Ugh...awful. You have to have zero integrity to do that day after day.


48 posted on 03/10/2022 10:44:13 AM PST by ProtectOurFreedom (If truckers quit their jobs, society would collapse. If politicians quit their jobs...HALLELUJAH!)
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To: Parley Baer

Sooo expensive. It’s 1.31 in Kuwait.


49 posted on 03/10/2022 10:44:44 AM PST by D Rider ( )
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To: ChicagoConservative27

Never mind how President Trump proved their statement to be BS.


50 posted on 03/10/2022 10:44:48 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: ChicagoConservative27

It was $2 a gallon under Trump thanks to more drilling. Communists only understand the Demand side of the equation.


51 posted on 03/10/2022 11:02:57 AM PST by bray (The Vax is fake and deadly)
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To: ChicagoConservative27

PUKES VOMITING AGAIN


52 posted on 03/10/2022 11:03:03 AM PST by ronnie raygun
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To: ChicagoConservative27

Sophistry by any other name is still - sophistry. A sometimes cunning twisting of words, and what they are supposed to and actually DO mean, can apparently completely reverse the original message altogether.

America’s use of petroleum and natural gas are the driving engines of prosperity in this world, and not just the US alone. Cheap energy is in the best economic interests of everybody. Yes, the US does produce a “lot of” crude oil, and it refines out very well indeed, so in fact, this country does a favor to those regions that can only produce the heavier and less easily refined crude, as refineries located outside the US are for the most part less efficient in converting the heavier crude oil.

The additional amount of crude extracted will add to the total volume of that available on the world market, and by a steady expansion of the capability of refining, the law of supply and demand has to, must, force down the per-barrel price of both crude and the refined products.

It is in the interests of both the United States and every other entity in the world that wants to escape the yoke of oppression caused by singular reliance on the good graces of the Russian Federation, that the US produce and process additional supplies of both petroleum and natural gas.

But there is something in the darker corners of our world that does not love the idea of cheap and plentiful sources of energy.


53 posted on 03/10/2022 11:12:30 AM PST by alloysteel (There are folks running the government who shouldn't be allowed to play with matches - Will Rogers)
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To: ChicagoConservative27

Journolist talking points have gone out.


54 posted on 03/10/2022 11:21:16 AM PST by VTenigma (The Democrat party is the party of the mathematically challenged )
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To: ChicagoConservative27
CNN: Nothing we do will make any difference.
Also CNN: But we can stop Climate Change.

55 posted on 03/10/2022 11:35:40 AM PST by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: ChicagoConservative27

The illiberal mind is the the pinnacle human evolution and has transcended the law of supply and demand.


56 posted on 03/10/2022 11:49:48 AM PST by PTBAA
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To: ChicagoConservative27

So let’s review their lies shall we?

First they claim we have 38.2 billion barrels of untapped oil. Wrong. The US has an estimated 2 TRILLION barrels of oil. We’re a long long way from tapping all of that obviously.

Then they claim even that wouldn’t help us because its light sweet crude rather than the heavier crude we refine. Wrong. We refine plenty of light sweet crude (West Texas Intermediate anyone?). But also refineries can be and often are reconfigured to handle different grades of crude oil. So even if we lacked the capacity to refine it all right this moment, we could soon remedy that.

Then they claim the US could not be energy independent and that this would not combat rising world oil prices. Uhhh idiots we were exactly that and it did exactly that just over a year ago. You see when you put a lot more oil and gas on world markets that.....increases supply. Increases supply tends to depress prices. I know, I know. Radical stuff. You may want to sit down until the room stops spinning CNN.

Then they followed with a bunch of Gaia Worship dogma. Natch.

The US was energy independent, inflation was low, the supply chain worked and gas prices were low. The Democrats broke all of those. They own it now - all of it.


57 posted on 03/10/2022 12:13:42 PM PST by FLT-bird
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To: ChicagoConservative27

At top of oil, US should restart the coal industry. US has most known coal reserves in the world. Coal is cheap, and can replace oil and natural gas in many uses. That would save a lot of gas for the uses where it is really needed.
Nuclear energy would also help a lot!


58 posted on 03/10/2022 12:20:23 PM PST by AZJeep (https://www.youtube.com/watch?v=O0AHQkryIIs)
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To: Macoozie

EEEEKKKKKKK!


59 posted on 03/10/2022 12:22:29 PM PST by moehoward (.)
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To: FlipWilson

“Why breathing won’t help you live- CNN”

OK, let’s add to that: “Why eating will not stop you from dying.”

This is the standard Democrat tactic: Something must be an either/or proposition.

Howsabout both, breathing and eating?

So, let’s see, we have internal combustion gas engine vehicles, internal combustion diesel engine vehicles, hybrid vehicles, that is, internal combustion of some kind married to an electric engine, pure electric vehicles, and several other but less common vehicles powered by other energy sources.

They all have different purposes and applications as, for example, Elon Musk and other problem solvers have pointed out. Democrats, the party of problem creation, have no ability to think, talk, or act, differently. They look at the Musk types with the same understanding of a cow looking at a book. Their only and ultimate aim is to create new problems that only more government can solve. Then, rinse and repeat till hell freezes over (which it never will).


60 posted on 03/10/2022 12:29:53 PM PST by Belteshazzar
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