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.
...
(Excerpt) Read more at washingtonpost.com ...
Lower gas prices will help hold Biden’s coalitions together through the election. The US will go cold and dark afterwards, should the Resident “win” again.
Unless you owned the mineral rights to that coal mine where that coal was mined, it is not your energy.
US taxpayer funded fossil fuel subsidies are running about $20 bil a year.
Whose oil is it...?
UP UP UP UP UP!
Bite the Big Apple 🍏 🍎🍎🍎🍎 🍏
Texas is fast approaching 50% of total US oil production.
“Whose oil is it...?”
The oil belongs to the entity that owns the mineral rights as they have “rule of capture.”
In spite of his regulations. Trump would be drilling twice as much.
If there is any truth at all in this, it will immediately cease upon a Democrat taking the presidency in 2024. This report is designed to optimize the chance of that.
The march to end petrochemical fuels is on. Don’t be fooled.
Wow, I didn’t know that. The USSA will miss that when Texas secedes.
Really? Link?
If you owned an exploration and production company, would you drill twice as much, work twice as hard, and spend twice as much to double production so you can sell oil for $35.00 a barrel or maintain current production at current costs and sell oil at $71.00 a barrel?
Currently, 42%.
Communists call tax deductions subsidies and welfare investments.
No one should, however, forget the economic plan he caused for two and half years or expect him to continue allowing drilling if he gets reelected.
You are correct. My nephew is an engineer for HP. He said they are drilling a lot of wells. The dems want the oil field workers employed and energy cheaper going into election this fall. After that they will slow production down. The media is just not reporting the reasons for the increase.
WP is not suitable for fish wrap
Texas 42%
Federal Offshore (Thank you, Big Oil) 15%
New Mexico 14%
North Dakota 10%
Colorado 4%
Alaska 3%
Oklahoma 3%
Kalifornia 2%
Utah 1%
That gets you to around 94%. Kalifornia and Alaska are no longer major oil producing states.
He doesn’t want to see all the streets covered with idiots glued to the pavement?
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