Posted on 12/31/2023 9:08:20 AM PST by Salman
You won’t hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has.
The flow of huge amounts of crude from American producers is playing a big role in keeping prices down at the pump, diminishing the geopolitical power of OPEC, and taming inflation. The average price of a gallon of regular gasoline nationwide has dropped to close to $3, and analysts project it could stay that way leading up to the presidential election, potentially assuaging the economic anxieties of swing state voters who will be crucial to Biden’s hopes of a second term.
But it is not something the president publicly boasts about. The politics of oil are particularly tricky for Democrats, whose chances for victory in the 2024 elections could hinge on whether young, climate-conscious voters come out in big numbers. Many of those voters want to hear that Biden is doing everything in his power to keep oil in the ground.
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(Excerpt) Read more at washingtonpost.com ...
Washington compost
The “Eco-warriorz” need to take away the Sniffmeister’s Eco merit badge.
The market, not the president controls oil production, and today, the market demands that the United States produce 13.3 million barrels a day.
Do you know why it’s not mentioned...
BECAUSE DEEP STATE IS EXPORTING RECORD AMOUNTS OF IT.
It is a lie. They allowed them to change how it is calculated just like they removed food and energy from the inflation figures.
Does anyone believe The Post?
So, is this record setting oil production because of Biden’s policies said to reduce reliance on oil?? Or, in spite of his regulations and removal of drilling sites??
I don’t understand.
See?! Joseph Stolen really isn’t that bad.
In this case, I do.
But what the comPost is reporting is only half the story, isn’t it...
“A truth that’s told with bad intent, Beats all the lies you can invent.”
William Blake
Big Oil always has record profits when a democrat is in office.
I assumed as much…. thanks for confirming
Your instincts are correct. They changed how it is calculated.
It’s because Deep State has been and is still exporting it to its cronies.
It’s either a lie or a coincidence or simple market forces in action.
What is for sure is that nothing Biden did was helpful.
“He shuts down pipelines, drains the Strategic Oil Reserve, ends drilling leases, closes off areas, etc”
Didn’t the courts reverse some of those orders? If so, we can thank the judges for keeping production going at least somewhat, and not demented Joe.
Prices are down because.....
IT’S AN ELECTION YEAR
https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_m.htm
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